Corporate Operations: Page 47
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Courtesy of Air Protein
ADM joins with Air Protein to make meat analogs out of thin air
The agribusiness giant previously invested in the startup, which uses NASA science from the 1960s to turn carbon dioxide into an edible product.
By Megan Poinski • May 18, 2023 -
Justin Sullivan via Getty Images
Q&AHow Smucker’s coffee brands keep sales and innovation percolating
Joe Stanziano, who runs the segment, talked to Food Dive about how Folgers, Dunkin’ and Café Bustelo continue to lure generations of consumers in for another cup.
By Megan Poinski • May 17, 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 Kraft Heinz
Kraft Heinz launches frozen Macaroni & Cheese
The new product is the latest innovation from the CPG company, which has created several brands and products in a variety of segments this year.
By Megan Poinski • May 17, 2023 -
Getty Images
Supreme Court ruling upholding California’s animal welfare law could lead more states to act
Producers of meat, eggs and other animal items are being advised more restrictive state laws may be coming after last week's 5-4 decision affirming the ban on pork from farms using gestation crates.
By Chris Casey • May 17, 2023 -
Courtesy of Beyond Meat
Beyond Meat sued by investors who claim they were misled
According to the litigation, the plant-based meat company and its leaders provided an overly optimistic outlook about its growth prospects, causing investors to lose money while a former executive sold his own stock.
By Megan Poinski • May 15, 2023 -
Courtesy of Heineken USA
ColumnLeftovers: Dos Equis leans into low-alcohol trend with new beer; Flipz twists into State Fair pretzels
The Heineken-owned brand adds to its RTD beverage line ahead of summer, and Folk Revival turns to the trees to upcycle acorns into microwaveable hot cereal cups.
By Food Dive staff • May 12, 2023 -
Permission granted by Post Holdings
Post Holdings’ SPAC doesn’t find acquisition target, will return cash to shareholders
The blank check company, which had a May 28 deadline to find a target, started looking for a partner in the CPG space two years ago.
By Christopher Doering • May 11, 2023 -
Courtesy of Barry Callebaut
Barry Callebaut sets new sustainability and social responsibility targets
The updated Forever Chocolate goals include making the entire company operate with net zero emissions by 2050, and have 100% certified or verified ingredients by 2030.
By Megan Poinski • May 11, 2023 -
Caroline Colvin/Food Dive
Supreme Court rejects pork industry challenge to California law
The 5-4 decision is a legal win for animal welfare advocates, who have long argued the industry does not allow enough space for livestock, like breeding pigs, to roam.
By Chris Casey • Updated May 11, 2023 -
Courtesy of Beyond Meat
Beyond Meat is ‘turning a corner’ as gap between revenues and losses narrows, CEO says
The plant-based meat company posted declines in sales and revenues almost across the board, but Ethan Brown said they are on target to be cash flow positive later this year.
By Megan Poinski • May 11, 2023 -
Courtesy of Mondelez International
Mondelēz plans shutdown of Enjoy Life facility, will ‘refocus and narrow’ allergen-free portfolio
The CPG giant said an influx of products in the free-from snacking space is prompting it to shutter the Indiana plant, where 105 people work.
By Christopher Doering • May 9, 2023 -
Joe Raedle via Getty Images
Tyson Foods posts first quarterly loss in 14 years and lowers 2023 sales outlook
CEO Donnie King told Wall Street analysts he can’t remember a time when the company faced “the highly unusual situation” of its beef, pork and chicken operations experiencing challenges simultaneously.
By Chris Casey • May 9, 2023 -
Courtesy of Ocean Spray
Hershey partners with Ocean Spray on chocolate-covered fruit snacks
The collaboration on cranberry bites further expands the market reach of the confectionery giant, which already has a presence in ice cream, milk, cereal and cookie dough.
By Christopher Doering • May 9, 2023 -
Courtesy of New Culture Foods
New Culture will launch animal-free mozzarella at acclaimed LA pizzeria in 2024
The first cheese that uses casein made by precision fermentation will be at Nancy Silverton’s Pizzeria Mozza.
By Megan Poinski • May 9, 2023 -
Courtesy of Oatly
Oatly to boost its president to CEO
Jean-Christophe Flatin will take the helm at the Swedish oat milk company on June 1, while current leader Toni Petersson will transition to co-chairperson of the board of directors.
By Megan Poinski • May 9, 2023 -
Courtesy of Kraft Heinz
Velveeta and fine chocolate mix in Kraft Heinz TruffVels launch
The confection, made by Compartés Chocolatier to look like the brand’s Shells & Cheese offering, is the latest unconventional product from the CPG giant.
By Megan Poinski • May 9, 2023 -
Christopher Doering/Food Dive
Opposites attract: Hershey aims to disrupt $1.7B sweet and salty category
The 129-year-old company, which wants to be the No. 1 branded manufacturer in the space by 2026, is banking on its prior experience, a portfolio of well-known offerings and the absence of a larger CPG player.
By Christopher Doering • May 8, 2023 -
Courtesy of Molson Coors
ColumnLeftovers: Miller High Life infuses beer into chocolate; Twisted Tea blasts off with a popsicle-inspired drink
The Molson Coors-owned brand and chocolatier Phillip Ashley mix the brew into Bar Snack Truffles, and allergy-friendly brand Partake brings a campfire treat to s’more consumers.
By Food Dive staff • May 5, 2023 -
Getty Images
Legislators condemn manufacturers that added sesame in response to allergy labeling law
Some bakers have put the ingredient into products that didn’t have it before, which has led some people to unknowingly consume the seed.
By Megan Poinski • May 4, 2023 -
Courtesy of Do Good Foods
Behind Do Good Foods’ mission to lower livestock emissions through upcycling
The company, which uses unsold groceries to create animal feed, plans to have a facility in every major metropolitan area to produce its chicken and egg products.
By Chris Casey • May 3, 2023 -
Courtesy of The Every Company and Alpha Foods
The Every Company and Alpha Foods partner to create plant-based food with animal-free eggs
The joint development agreement is the first to bring a precision-fermentation-made ingredient to enhance meat analogs.
By Megan Poinski • May 3, 2023 -
Courtesy of Kraft Heinz
Kraft Heinz brings convenience to frozen meals with Homebake 425°/:30
The new brand, the latest in a series of recent innovations from the CPG giant, features different options for main courses as well as side and vegetable dishes.
By Megan Poinski • May 3, 2023 -
Courtesy of Atlantic Natural Foods
Above Food to go public through SPAC merger
The deal values the Canadian agriculture, ingredient and CPG company at $319 million, and company leaders say there are opportunities for margin growth.
By Megan Poinski • May 1, 2023 -
Brandon Bell via Getty Images
8 mistakes food and beverage brands make as they move to retail
Experts weigh in on how success can be short-lived when food and beverage brands fail to understand some of the biggest pitfalls after diving into the world of retail.
By Sharon Brandwein • May 1, 2023 -
Matthew Stockman via Getty Images
JBS USA taps new CEO
Wesley Batista Filho, grandson of the company’s founder, is taking over. Outgoing chief Tim Schellpeper chose to retire, the meat giant said in a statement.
By Chris Casey • May 1, 2023
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