Molson Coors expands further into bourbon with Blue Run Spirits acquisition

The deal, the beverage company’s first in the spirits space, is part of an aggressive multi-year effort to expand into other categories beyond beer.

By Chris Casey • Aug. 8, 2023

Tyson Foods to shutter 4 poultry plants

The closures are the latest announced by the company in 2023 as it faces headwinds caused by slowing sales of its products and higher operating costs.

By Chris Casey • Aug. 7, 2023

Explore the 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

Campbell Soup to buy Rao’s maker Sovos Brands for $2.7B

The purchase, the largest in five years for the CPG giant, also will allow the soup and snacks maker to expand its portfolio with brands such as Michael Angelo’s frozen meals and Noosa yogurt.

By Christopher Doering • Aug. 7, 2023

Leftovers: Blue Diamond is sweet on Honey Butter flavored almonds | Lunchables debuts in produce aisle

The nut offering is inspired by Korean Honey Butter potato chips, while broth and stocks maker Swanson rips into portable pouches containing chicken.

By Food Dive staff • Aug. 4, 2023

Kellogg boosts outlook after raising prices

The Corn Flakes and Cheez-It maker said cash-strapped consumers are curtailing purchases, which led to a drop in volumes during the quarter.

By Chris Casey • Aug. 3, 2023

Livekindly Collective expands with acquisition of Alpha Foods

This is the company’s sixth food brand purchase, and its first in the U.S., as it attempts to build a dominant presence in the plant-based sector.

By Elizabeth Flood • Aug. 2, 2023

Danone to deconsolidate dairy assets seized by Russia

The Activia yogurt maker reported a $767 million write off after Russia took control of local operations and appointed a new CEO. 

By Sarah Zimmerman • Aug. 2, 2023

Beer controversy exacerbates 16% drag in Ardagh’s North American glass shipments

The company is progressing on a planned 15% net reduction in North American glass capacity amid market factors such as lower beer demand, including at customer AB InBev’s brand Bud Light.

By Maria Rachal • Aug. 2, 2023

Miyoko’s Creamery picks former Coca-Cola executive as its next CEO

The appointment of CPG veteran Stuart Kronauge comes a few months after the plant-based dairy company ended a contentious legal battle with its founder.

By Elizabeth Flood • Aug. 1, 2023

Kraft Heinz looks to transform plastic packaging portfolio

The food and beverage giant is trying to cut virgin plastic use 20% by 2030. U.S. consumers can expect to buy certain mayo products in packaging made entirely from recycled content starting next year.

By Maria Rachal • July 31, 2023

Leftovers: French’s tastes the rainbow with mustard Skittles | Spam sweetens things with maple

Fun-sized packs of the mustard candy will be given away next week at pop-up events in New York City, Washington, D.C. and Atlanta and look for a new Ragu to celebrate National Lasagna Day.

By Food Dive Staff • July 28, 2023

Anheuser-Busch lays off hundreds of corporate employees

The job cuts follow months of declining sales for Bud Light, which was dethroned as the best-selling beer in the country after the controversy involving Dylan Mulvaney.

By Chris Casey • July 27, 2023

Eat Meati expands footprint with Whole Foods launch

The mushroom root-based meat alternative continues to scale its fully vertically integrated manufacturing capabilities to support its rapid growth in both retail and food service locations.

By Elizabeth Flood • July 27, 2023

How Coca-Cola cooked up meals with ‘The Bear,’ Gigi Hadid and more

“A Recipe for Magic” was cited as an example of how Coke linked its brand to consumption occasions en route to 11% organic revenue growth in Q2.

By Chris Kelly • July 26, 2023

Kellogg files separation form with SEC

The snacking giant took the next step toward splitting into two businesses, one focusing on cereal and the other on snacking.

By Chris Casey • July 26, 2023

Indoor farming company AppHarvest files for bankruptcy

The startup, backed by Martha Stewart and now-U.S. Sen. J.D. Vance, couldn't overcome high operational costs and lower than expected crop yields.

By Sarah Zimmerman • July 26, 2023

Former Mondelēz exec launches $80M agtech startup fund

Gil Horsky, who led the CPG's venture capital arm, is helping start Flora Ventures, a new fund to invest in food sustainability.

By Nathan Owens • July 25, 2023

How craft beer saturation led to Anchor Brewing’s demise

The oldest brewery in the U.S. fell victim to a crowded market and high costs as it tried to remain relevant to younger consumers, a Marcum executive told Food Dive.

By Chris Casey • July 25, 2023

Pop-Tarts brings back ‘Crazy Good’ characters with a modern twist

Tapping into nostalgia for the 2000s continues to be a major marketing trend as the Kellogg brand resurrects its animated toaster pastries.

By Peter Adams • Updated July 20, 2023

Leftovers: Claussen puts pickle flavor in a spritz; Nestlé takes Tombstone pizza back to its roots

What started as an April Fools’ Day joke has come to fruition for the pickle company, and Applegate expands its lineup with frozen egg bites.

By Food Dive staff • July 21, 2023

General Mills doubles vitamin D in cereals following FDA ruling

The move to include more of the nutrient in products like Cheerios and Cinnamon Toast Crunch comes after Kellogg petitioned the government department to increase the amount allowed in consumer products.

By Chris Casey • July 20, 2023

Keurig Dr Pepper pays $300M for 33% stake in La Colombe, strikes licensing deal

The beverage giant has been deepening its ties to fast-growing companies with a presence in premium and trendy offerings, having previously invested in Athletic Brewing and C4 Energy drink maker Nutrabolt.

By Christopher Doering • July 20, 2023

USDA teams with states to crack down on anti-competitiveness in food

The department will work with more than 30 attorneys general to address practices viewed as unfriendly to consumers, even as economists remain mixed on consolidation’s effect on inflation.

By Sarah Zimmerman • July 19, 2023

Jim Beam owner names former Kraft, P&G executive as CEO

Greg Hughes, who has been at Beam Suntory since 2015 and most recently was responsible for growing the company’s brands and portfolio, will take over the top spot from Albert Baladi on Oct. 1.

By Christopher Doering • July 19, 2023

How AI is driving supply chain advancements for food manufacturers

CPG companies can use the technology to see which investments are most effective — particularly with product development and sustainability.

By Chris Casey • July 19, 2023