Corporate Operations: Page 47
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General Mills buys pet supplements maker Fera Pets for undisclosed amount
The purchase will be housed inside a growth equity fund created by the cereal giant to scale and expand newly acquired businesses for future integration into its core portfolio.
By Chris Casey • Nov. 10, 2023 -
Tyson to shutter 2 more processing plants as earnings woes mount
Closures in South Carolina and Florida add to the growing number of cost cuts this year in response to unfavorable market conditions.
By Nathan Owens • Nov. 10, 2023 -
Explore the Trendline➔
Courtesy of Instacart
TrendlineTop 5 stories from Food Dive
The food and beverage industry is changing rapidly and the actions companies take this year are likely to play a major role in defining their future.
By Food Dive staff -
Column
Leftovers: Kraft Heinz chooses pickles for new ketchup | Elf on the Shelf gives the gift of ice cream
The food manufacturer is capitalizing on the growing popularity of the cucumber-based product, and Primal Kitchen unveils cranberry mayo for Thanksgiving leftovers.
By Food Dive staff • Nov. 10, 2023 -
Ingredion reorganizes business, focuses on ‘texture and healthful solutions’
The company said moving from operating on a regional level to a global one will provide greater insight into its performance for investors.
By Elizabeth Flood • Nov. 9, 2023 -
B&G Foods sells Green Giant US canned vegetable line to Seneca Foods
The Crisco and Ortega manufacturer said it continues to explore divesting products that have low margins or cash flow, as well as items that do not fit with its core portfolio.
By Christopher Doering • Nov. 9, 2023 -
WK Kellogg Co CEO talks the future of cereal
Gary Pilnick said in a conversation with Food Dive that the newly spun-off business is on a path towards growth and expressed optimism about overcoming potential roadblocks the category could face.
By Chris Casey • Nov. 9, 2023 -
Miyoko’s Creamery closes California plant to prepare for growth
The plant-based dairy maker will outsource its production process to meet demand in a more cost effective way.
By Elizabeth Flood • Nov. 9, 2023 -
How tech, venture capital can help food industry meet 2030 emissions goals
Efforts like feed additives for cattle and implementing solar panels on farms can help producers decrease their carbon footprint, Ceres said in its latest report.
By Chris Casey • Nov. 8, 2023 -
Nestlé invests, partners with food-delivery startup Wonder Group
The investment, reportedly at $100 million, will allow the Stouffer's and Sweet Earth manufacturer to capitalize on the strong recovery in the foodservice channel.
By Christopher Doering • Nov. 8, 2023 -
Inside McCormick’s bet to build its ‘supply chain of the future’
A half-mile-long logistics center near Baltimore is helping the flavor giant operate more efficiently, get products to customers faster and reduce its environmental footprint.
By Christopher Doering • Nov. 8, 2023 -
PepsiCo CFO Hugh Johnston leaving for Disney
The finance veteran will be replaced by James Caulfield, who has worked at the company for more than 30 years and has been “instrumental” in growing and transforming its business.
By Christopher Doering • Nov. 6, 2023 -
Bird flu spreads to major poultry producing states Arkansas and Alabama
More than 1 million birds have been affected by the disease since its reemergence in the U.S. was confirmed in October.
By Sarah Zimmerman • Nov. 6, 2023 -
Tyson’s insect bet will spur further adoption in the space, IFT member says
Protein producers adopting bugs for use in animal feed provides a lower barrier for entry, potentially making it easier to introduce insects into consumer diets, experts say.
By Chris Casey • Nov. 6, 2023 -
Post Holdings CEO Rob Vitale taking ‘unexpected’ medical leave of absence
The board of the CPG giant said chief operating officer Jeff Zadoks will temporarily take the helm.
By Christopher Doering • Nov. 6, 2023 -
Column
Leftovers: DiGiorno brings pizza to Thanksgiving | Pringles unveils caviar collaboration
The Nestlé-owned brand is launching a limited-edition pie ahead of Turkey Day, and Stok is bringing cold brew into winter with a peppermint mocha flavor.
By Food Dive staff • Nov. 3, 2023 -
Beyond Meat slashes workforce as business model is under fire
The plant-based giant continues to face headwinds as consumers prioritize affordability.
By Elizabeth Flood • Nov. 3, 2023 -
Kraft Heinz names Pedro Navio president of North American operations
The CPG veteran will take over the position from Carlos Abrams-Rivera, who was recently named incoming CEO at the Lunchables and Velveeta cheese manufacturer.
By Christopher Doering • Nov. 2, 2023 -
Ingredion unveils gelling starch for dairy and alternatives
The new ingredient allows formulators of yogurt and plant-based cheese to improve the texture and mouthfeel of their products.
By Chris Casey • Nov. 2, 2023 -
PepsiCo’s Doritos brand creates technology to ‘silence’ its crunch
The software, aimed at gamers annoyed by the sound from other players, used artificial intelligence and machine learning to analyze more than 5,000 crunches.
By Christopher Doering • Nov. 2, 2023 -
Ocean Spray debuts zero sugar varieties as juice category fractures
With many consumers abandoning sugary fruit beverages for healthier alternatives, leading brands are working to win them back by cutting out sugar.
By Chris Casey • Nov. 1, 2023 -
‘Startup nation’ at war: How Israel’s food tech sector is handling upheaval
The country has been a hotbed for the tech sector, especially for food, but the Israel-Hamas war has put employee engagement and product development initiatives on hold.
By Elizabeth Flood • Nov. 1, 2023 -
Bud Light boycott weighing on AB InBev but beer giant sees signs of optimism
CEO Michel Doukeris told analysts that over 40% of lapsed consumers of the brand said they are now more open to drinking it again.
By Christopher Doering • Nov. 1, 2023 -
Hershey planning ‘higher levels’ of innovation for 2024, CEO says
Michele Buck said new offerings, including the launch of Reese’s Caramel, will play a large role in driving its overall business as well as increasing merchandising at retail.
By Christopher Doering • Nov. 1, 2023 -
More than half of consumers consider sustainability in food purchases - TetraPak
Although many respondents said they are struggling financially, only 17% indicated a desire to give up purchasing higher-priced food and beverages that are environmentally friendly, organic or healthy.
By Chris Casey • Oct. 30, 2023 -
Dippin’ Dots owner sees bright outlook for the ‘ice cream of the future’
Despite its strong presence in amusement and entertainment venues, the 35-year-old brand has plenty of room to grow by expanding in places such as c-stores and movie theaters.
By Christopher Doering • Oct. 30, 2023