Corporate Operations: Page 44
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Jenny Evans via Getty Images
Cargill aims to help beef producers curtail emissions
The meat giant said its new framework helps producers quantify, audit and verify methane emitted by cows, which could drive down production of the greenhouse gas.
By Chris Casey • July 18, 2023 -
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Russia seizes Danone assets, upending dairy giant’s exit from the country
Brewing company Carlsberg also lost control of its subsidiary as Russia makes it harder for Western companies to offload operations.
By Sarah Zimmerman • July 18, 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 -
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Kraft Heinz to spend more than $400M to build Illinois distribution center, hire 150-plus workers
The 775,000-square-foot facility will allow the CPG giant to reduce its environmental footprint, boost supply chain efficiencies and ship its products to retail and food service customers faster.
By Christopher Doering • July 18, 2023 -
Permission granted by Upside Foods
Q&A8 questions with Upside Foods founder & CEO Uma Valeti
The head of the cultivated meat company talks about what inspired him to walk away from his profession as a cardiologist to create the groundbreaking business.
By Judy McGuire • July 17, 2023 -
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DOJ fails to block US Sugar’s $315M purchase of Imperial Sugar
An appeals court in Philadelphia said the government failed to prove the purchase, first announced in 2021, would raise prices for U.S. consumers and businesses.
By Chris Casey • July 17, 2023 -
Christopher Furlong via Getty Images
Nestlé to expand regenerative agriculture for wheat in DiGiorno Pizza
The investment will bring climate-smart practices to more than 100,000 acres of farmland as the food and beverage giant aims to increase sustainable sourcing of key ingredients.
By Sarah Zimmerman • July 17, 2023 -
Courtesy of Hostess Brands
ColumnLeftovers: Hostess combines Ding Dongs and Twinkies | Harpoon debuts THC-based beverage
The snack maker is fusing two of its most popular items, and Carbone is spicing up its pasta sauce line with an offering based on a popular dish from its New York City restaurant.
By Food Dive staff • July 14, 2023 -
Matthew Stockman via Getty Images
JBS plans to list shares in U.S.
The meat giant announced it will pursue a dual listing strategy on the New York Stock Exchange and the São Paulo Stock Exchange, which it believes will attract a wider array of investors.
By Chris Casey • July 13, 2023 -
Brandon Bell via Getty Images
Grocery inflation drops below 5%
Food-at-home prices increased in June at a 4.7% annual clip, down from 5.8% in May, the U.S. Bureau of Labor Statistics reported Wednesday. Overall inflation declined to 3%.
By Sam Silverstein • July 12, 2023 -
Permission granted by Meati Foods
Meati’s wide scale retail launch is here with Dots distribution deal
The mushroom root meat being added to Dot Foods’ catalog is not just a big win for the mycelium maker, it’s also a sign that alternative proteins are moving into their next phase of ubiquity.
By Rose Palazzolo • July 12, 2023 -
Courtesy of General Mills
General Mills leans into weight loss foods with protein and ‘good calories’
The CPG giant’s chief innovation technology officer told Food Dive products such as Cheerios Oat Crunch and Progresso soups help consumers reach their nutritional goals while also satisfying their comfort food needs.
By Chris Casey • July 11, 2023 -
Courtesy of Campbell Soup
Campbell’s brings its namesake condensed soups into the gluten-free space
The Cream of Mushroom and Cream of Chicken offerings mark the first time the CPG giant has entered the fast-growing category with its Campbell’s-branded soup portfolio.
By Christopher Doering • July 11, 2023 -
Catherine Douglas Moran/Food Dive
Oatly taps Mars alum for CFO
Marie-Jose David comes to the financial helm of the oat milk maker as the company looks to get “aggressive” this year.
By Elizabeth Flood • July 10, 2023 -
Courtesy of Ynsect
Insect protein company Ynsect names insider as CEO
Shankar Krishnamoorthy, who joined the company in 2021, takes over from co-founder Antoine Hubert. He will be responsible for overseeing the expansion of the fast-growing business.
By Christopher Doering • July 10, 2023 -
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The top Ingredients stories of 2023 (so far)
As companies grapple with a diverse set of outside challenges, their focus has turned internally toward innovation, AI and upcycling.
By Food Dive staff • July 10, 2023 -
Courtesy of Do Good Foods
Upcycled chicken producer Do Good Foods files for bankruptcy
The two-year-old company is the latest food business to file in the last month, following AeroFarms and Tattooed Chef, as upstarts struggle with a challenging economic environment.
By Chris Casey • July 10, 2023 -
Courtesy of PepsiCo
ColumnLeftovers: Pepsi puts pineapple on top; Pillsbury stuffs banana bread in a tube
The CPG beverage giant is rolling out the exclusive flavor at Little Caesars locations, and Peak State is debuting coffee made with adaptogenic mushrooms.
By Food Dive staff • July 7, 2023 -
Permission granted by Tyson Foods
Tyson drops ‘no antibiotics ever’ label on chicken products
The poultry giant said it is reinstating the use of some antibiotics, but not ones that are “important to human medicine.”
By Chris Casey • July 5, 2023 -
Courtesy of Kevin’s Natural Foods
Mars to buy healthy meal maker Kevin’s Natural Foods for an undisclosed amount
The fast-growing startup, which makes chef-inspired sous-vide meals, sides and sauces using whole foods and simple ingredients, will continue to operate as a standalone business.
By Christopher Doering • July 5, 2023 -
Mario Tama/Getty Images via Getty Images
Modelo dethroned Bud Light in America — here’s what the numbers say
While recent controversy played a role in the uncrowning, Modelo’s long-term strategy may have more to do with its success.
By Sara Karlovitch • July 5, 2023 -
Courtesy of Tattooed Chef
Tattooed Chef to file for bankruptcy, plans to sell assets
The company, which entered the public markets in 2020, has been struggling with declining revenue, inflationary pressures, a shrinking cash stockpile and a slowdown in the plant-based sector.
By Christopher Doering • July 5, 2023 -
Courtesy of Inspire Brands
ColumnLeftovers: Sonic drives tots into freezer aisle | Kerrygold spreads savory butter flavors
The fast food chain is bringing its popular item to retail for the first time, and Takis satisfies Gen Z’s desire for flavorful snacks with a Dragon Sweet Chili offering.
By Food Dive staff • June 30, 2023 -
Courtesy of Kellogg
Kellogg’s snacking business can rival competitors after split, CEO says
Steve Cahillane expressed optimism about the future of the CPG giant, pointing to strength in its iconic brands such as Cheez-It and Pringles.
By Chris Casey • June 30, 2023 -
Permission granted by Whole Earth Brands
Equal sweetener owner Whole Earth receives buyout offer of $4 per share
Martin Franklin, who already owns 21% of the business, would combine it with Royal Oak Enterprises, a maker of charcoal. Whole Earth pledged to review the offer.
By Christopher Doering • June 29, 2023 -
Courtesy of McCormick
McCormick & Co. names insider Brendan Foley as CEO
The CPG veteran, who joined the flavor and spice company in 2014 and most recently served as its COO, will take over on Sept. 1 from outgoing chief Lawrence Kurzius.
By Christopher Doering • June 29, 2023
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