Corporate Operations: Page 42
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Scott Olson via Getty Images
Hershey to close Dot’s Pretzels factory
The closure of the North Dakota plant is part of the company's plan to more efficiently increase production capacity at other manufacturing locations.
By Kate Magill • Aug. 25, 2023 -
Courtesy of Tillamook
ColumnLeftovers: Tillamook takes its cheese into frozen meals | B&G brings whiskey buzz to the grill
The dairy brand is entering the freezer aisle for the first time with mac & cheese and pizza, while Dolci takes advantage of pumpkin spice season with its new blondie treat.
By Food Dive staff • Aug. 25, 2023 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Courtesy of The Drinkable Company
The Drinkable Company gives RTD coffee, tea and soda an added buzz with cannabis
The new brand from two beverage industry veterans is launching the products to meet consumers at different occasions, and is planning to launch on a state-by-state basis.
By Chris Casey • Aug. 25, 2023 -
Getty Images
Craft rum market poised to reach $2.5B by 2031
As young consumers prefer artisanal alcohol, the increased demand has created significant opportunities for small producers.
By Chris Casey • Aug. 23, 2023 -
Retrieved from Miyoko's Creamery on August 01, 2023
Miyoko’s Creamery’s new CEO is going ‘back to the basics’
Having served in the position for just two weeks, Stuart Kronauge is looking to simplify the brand’s message to reach a broader consumer base.
By Elizabeth Flood • Aug. 22, 2023 -
Courtesy of Wells Enterprises
Ferrero to expand New York ice cream plant, add more than 200 jobs
The sweets giant said the project underscores its long-term growth and leadership in the novelty category following its purchase of Blue Bunny and Halo Top maker Wells Enterprises.
By Christopher Doering • Aug. 22, 2023 -
Christopher Doering/Food Dive
American Beverage names veteran insider as new CEO
Kevin Keane has served in the role on an interim basis for the trade group, which represents Coca-Cola, PepsiCo and other beverage companies.
By Christopher Doering • Aug. 21, 2023 -
Permission granted by Highlight
Product testing firm working with Nestlé, Kraft Heinz raises $18M to fuel growth
Highlight, which streamlines the product testing process for CPG companies, said the money will be used to expand its business and hire additional employees.
By Christopher Doering • Aug. 21, 2023 -
Courtesy of Liquid I.V.
How Unilever’s Liquid I.V. is quenching a rise in thirst for hydration drinks
An executive with the electrolyte mix explained why the brand is launching new items with better-for-you attributes — and how its product line could evolve.
By Chris Casey • Aug. 17, 2023 -
Courtesy of Aleph Farms
What’s next for cultivated meat?
The industry will have to contend with three major hurdles — cost, taste and scale — before the product becomes a regular part of consumers’ grocery lists.
By Alexandra Frost • Aug. 17, 2023 -
Getty Images
Consumers embrace tech preventing male chick culling, but will the egg industry bite?
In a survey shared with Food Dive, 73% of respondents said the industry should find a solution and they are willing to pay more for eggs if one is adopted.
By Chris Casey • Aug. 16, 2023 -
Permission granted by Bob's Red Mill
Q&AInside food R&D with Bob’s Red Mill’s Porter Long
In an interview, the CPG scientist discusses changes in consumer preferences, where the food industry will be in 10 years and what inspires him.
By Judy McGuire • Aug. 16, 2023 -
Courtesy of Welch's Fruit Snacks
Welch’s OKs parents stealing Fruit Snacks in first-ever storybook
“Sometimes It’s Not Stealing,” narrated by actor Kristin Chenoweth, playfully makes a case for parents who indulge in their children’s fruit snacks.
By Jessica Hammers • Aug. 15, 2023 -
Courtesy of Upside Foods
Upside Foods COO talks next challenges for the cultivated meat industry
In the wake of major breakthroughs in the industry, the company has named a new chief scientific officer and tapped a former Twitter executive as its chief legal officer, COO Amy Chen told Food Dive.
By Elizabeth Flood • Aug. 14, 2023 -
Mario Tama via Getty Images
Beverage makers respond to EPA’s draft plastic pollution prevention strategy
PepsiCo, American Beverage, the Consumer Brands Association and others weighed in on defining key terms like “single-use,” EPR policies, recycled content research and more.
By Maria Rachal • Aug. 14, 2023 -
Courtesy of Kraft Heinz
Kraft Heinz appoints head of North American operations as CEO
Carlos Abrams-Rivera will take leadership control of the CPG giant starting in January 2024. Current CEO Miguel Patricio will move to a non-executive role on the company’s board.
By Chris Casey • Aug. 14, 2023 -
Scott Olson via Getty Images
Smithfield to close 35 hog farms in Missouri
Meat producers are taking cost-cutting measures as they grapple with unfavorable market conditions.
By Nathan Owens • Aug. 11, 2023 -
Courtesy of Totino's
ColumnLeftovers: Totino’s brings orange chicken into pizza rolls | Snyder’s infuses pretzels with Oktoberfest beer
The frozen snacks maker is bringing the citrusy dish to its staple product, while Sabra is taking hummus to the next level with new flavors made with Frank’s Red Hot and Stubb’s BBQ sauce.
By Food Dive staff • Aug. 11, 2023 -
Courtesy of Post Holdings
Post brings Pebbles cereal into frozen waffles
The CPG company was inspired to create the offering after noticing consumers were adding the cereal to their breakfast recipes and nostalgic parents were feeding the cereal to their kids.
By Christopher Doering • Aug. 11, 2023 -
Courtesy of General Mills
How Cheerios works to stay relevant across generations
The iconic cereal brand aims to satisfy consumers by adding in better-for-you elements such as vitamin D, said General Mills’ U.S. cereal division president.
By Chris Casey • Aug. 10, 2023 -
Courtesy of International Flavors & Fragrances
Flavor and ingredients provider IFF struggles as consumers cut back on spending
The company slashed its outlook and said volumes are not expected to recover in the second half of the year.
By Christopher Doering • Aug. 10, 2023 -
Courtesy of Kellogg
Kellogg pins growth in snacking unit on Pringles, Cheez-It ahead of split
The two brands, along with Eggo, Pop-Tarts and Rice Krispies, will be responsible for about half of the more than $13 billion in sales from the new company called Kellanova.
By Chris Casey • Aug. 9, 2023 -
Retrieved from Meatable on August 09, 2023
Meatable raises $35M as it aims to boost production and lower costs
The Netherlands-based cultivated meat company plans to enter retailers and restaurants in Singapore starting in 2024, while looking into other markets such as the U.S. in the future.
By Elizabeth Flood • Aug. 9, 2023 -
Jerod Harris via Getty Images
Food bankruptcies surging as companies struggle with shift in consumer habits, access to cash
Tattooed Chef and Do Good Foods are just two of the highest-profile firms to file in 2023, with analysts predicting further bankruptcies in plant based, sustainability and alternative agriculture.
By Christopher Doering • Aug. 9, 2023 -
Retrieved from Anheuser-Busch.
Anheuser-Busch to sell 8 beer and beverage brands to pot company Tilray
The purchase for an undisclosed amount will elevate the Canadian firm to the fifth largest craft beer player in the U.S with brews such as Shock Top and Redhook.
By Christopher Doering • Aug. 8, 2023
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