Corporate Operations: Page 48

  • Two sandwich halves are stacked high with deli slices that look like turkey made from The Better Meat Co.'s Rhiza protein, with a company logo flag on a toothpick stuck in one.
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    Courtesy of The Better Meat Co.
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    How The Better Meat Co. scrambled to meet payroll after the SVB collapse

    CEO and co-founder Paul Shapiro said a fast and unexpected loss of access to capital was one scenario the company wasn’t prepared to handle.  

    By • March 14, 2023
  • tyson foods truck
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    "Tysons Food Donation 2012" by Central Texas Food Bank is licensed under CC BY-ND 1.0
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    Tyson to close two plants, laying off nearly 1,700 workers

    The company said closing two of its processing facilities will help it optimize its chicken supply chain. It offered assistance to employees impacted by the decision.

    By • Updated March 14, 2023
  • Mergers and acquisitions Explore the Trendline➔
    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
  • Nobell Foods makes cheese with plant-based casein from bioengineered soy.
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    Permission granted by Nobell Foods
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    Nobell Foods poaches Impossible executive to head food science and product development

    Sergey Solomatin spent more than a decade at the plant-based meat giant where he helped to develop, scale and commercialize its technology.

    By • March 14, 2023
  • bird flu avian influenza migration
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    David McNew via Getty Images
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    Experts worry migration season could further spread of bird flu

    As meat and egg producers deal with ongoing supply issues, traveling waterfowl and raptor flocks potentially carrying the virus could complicate the situation.

    By • March 14, 2023
  • Darko Mandich and Aaron Schaller stand at a colorful booth for the Mellody brand with a branded backdrop and a table in front of them with sample spoons of honey.
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    Permission granted by MeliBio
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    Food startups describe a ‘roller coaster of emotions’ as Silicon Valley Bank collapsed

    Many companies with accounts at the bank were showing off their products at Natural Products Expo West as news went out, sending many founders into a frenzy.

    By • March 14, 2023
  • Hidden Valley Van Leeuwen ranch ice cream
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    Courtesy of Van Leeuwen
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    Column

    Leftovers: Van Leeuwen scoops into Hidden Valley Ranch ice cream; Snoop Dogg brews a premium coffee brand

    The premium dessert maker taps the condiments aisle for its latest savory combination, and Kellogg brings two of its most popular brands together with Apple Jacks Pop-Tarts.

    By Food Dive staff • March 10, 2023
  • Bang energy drink
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    Thai Phi Le/Food Dive
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    Bang Energy’s parent company ousts controversial founder and names interim CEO

    Founder Jack Owoc will no longer run the business, while John DiDonato, currently the chief transformation officer, takes over on a temporary basis.

    By • March 10, 2023
  • A Bonumose sign sits in front of a large brick headquarters building.
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    Megan Poinski/Food Dive
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    How Bonumose’s new tagatose facility moves better-for-you sweeteners forward

    The Virginia plant producing the rare sugar officially opened this month, making a supply of the healthier stand-in for sucrose available for manufacturers.

    By • March 9, 2023
  • Aloha bar
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    Courtesy of Aloha
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    Why Aloha sees big sustainability potential with its new protein bar

    The brand’s Kona bar is made with Ponova oil, an emulsifier that comes from the beans of the Hawaiian pongamia tree, which helps to repair soil impacted by deforestation.

    By • March 9, 2023
  • Table with brightly colored jars, hands holding chopsticks and bowls of food
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    Courtesy of Fly By Jing
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    Chinese food brand Fly By Jing raises $12M

    The brand, which launched in 2018, also announced the appointment of its first chief financial, operations and commercial officers.

    By Dani James • March 9, 2023
  • turkey poultry bird
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    Nathan Howard via Getty Images
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    As US mulls vaccinating poultry for bird flu, chicken industry could stand in the way

    Broiler producers are concerned about trade implications, but fears that the virus will mutate or spread to humans may spur a new plan of action.

    By • March 9, 2023
  • Blue Bell Creamery ice cream
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    Thai Phi Le/Food Dive
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    Former Blue Bell CEO to plead guilty to charges connected to 2015 listeria outbreak

    All fraud charges against Paul Kruse will be dropped and he will be fined $100,000, according to the plea agreement.

    By • March 9, 2023
  • A hand cracks open a can of Bud Light Seltzer against a background of colorful bubbles.
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    Courtesy of Anheuser-Busch InBev
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    Bud Light Seltzer clears up misconception about its formula

    With 54% of consumers believing there is beer in hard seltzer, brewer AB InBev has developed a campaign aimed at dispelling those rumors.

    By Sara Karlovitch • March 9, 2023
  • Hostess products
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    Courtesy of Hostess
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    Hostess Brands CEO says snack maker poised to weather economic volatility

    The Twinkies and Donettes producer has thrived as consumers show a penchant for indulgent treats, with many people looking for affordable items. 

    By • March 8, 2023
  • Tyson Foods
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    Permission granted by Tyson Foods
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    Tyson workers in Arkansas sue company over pandemic protections

    The suit filed by 34 current and former employees of the company’s meatpacking facilities claim the poultry giant put profit over its workers’ well-being.

    By • March 8, 2023
  • Hershey, plant based, Reese's, Hershey's
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    Courtesy of Hershey
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    Hershey debuts plant-based Reese’s and chocolate bar

    The confections, which will hit shelves in March and April, are made with oats. This will be the first time the company offers permanent products in the category.

    By • March 7, 2023
  • A child looks at several choices in the candy aisle of a store.
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    Joe Raedle via Getty Images
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    Despite inflation, candy sales grew to $42.6B in 2022

    Nearly 75% of consumers said sweets remain an “affordable treat” in the annual survey done by the National Confectioners Association.

    By • March 6, 2023
  • Hundreds of turkeys stand in a barn in California.
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    Justin Sullivan via Getty Images
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    Bird flu-driven drop in turkey supply hurt Hormel’s sales

    In its most recent earnings report, the company said volumes of the poultry declined 80% year-over-year, but it remains optimistic about the ability to recover in the second half of 2023.

    By • March 6, 2023
  • Two cardboard containers with plant-based chicken on a waffle with scoops of plant-based gelato drizzled with honey on top, with branded Tindle toothpicks in front of the Tindle and Mwah logos.
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    Courtesy of Next Gen Foods
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    Next Gen Foods buys plant-based gelato maker Mwah

    The buzzy company that created chicken analog Tindle led the seed round for the U.K. frozen treat maker last year, and will be showcasing its products at Natural Products Expo West this week.

    By • March 6, 2023
  • Conagra
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    Christopher Doering/Food Dive
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    Better together: Conagra Brands CEO downplays possibility of splitting the food giant

    In an interview, Sean Connolly said the CPG company benefits from stronger cash flow, greater negotiating power with retailers and deeper margins with its snacking, frozen and plant-based meat brands under one roof.

    By • March 6, 2023
  • Four light purple packages of Lovo chocolate bars on a light purple background.
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    Courtesy of Lovo
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    Inside Lovo’s quest to rethink plant-based milk chocolate

    The new brand from the founders of Pascha makes almond, oat, coconut and hazelnut milk the star ingredients, leaning into what consumers love about the popular alternatives.

    By • March 6, 2023
  • Scientists work at one of Motif FoodWorks' labs.
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    Permission granted by Motif FoodWorks
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    Motif FoodWorks enters molecular farming partnership to produce its heme ingredient

    The food tech company is teaming with IngredientWerks to try to make Hemami in corn plants, a development that could save money and energy.

    By • March 2, 2023
  • An English muffin breakfast sandwich with Just Egg folded patty, tomato and avocado and a split English muffin with a folded egg on one side and avocado on the other sit on a dark wood cutting board
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    Courtesy of Eat Just
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    Eat Just laying off 18% of workers with cuts impacting plant-based egg business

    The loss of about 45 jobs is part of an effort by the company to reduce expenses and get the fast-growing product closer to profitability. 

    By , • March 2, 2023
  • A hand holds a bundle of herbs above a fiery double-decker grill with Meati Steaks and Cutlets with grill marks on the bottom left, asparagus on the bottom right, and a frying pan of stir fry and corn
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    Courtesy of Meati Foods
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    Meati hires CPG veterans for supply chain and operations

    As the mycelium meat analog company prepares for a national retail launch this year, Elizabeth Fikes and Joseph Johnston have been hired to run more traditional manufacturing functions.

    By • March 2, 2023
  • A wooden serving board with small pieces of bread spread with cream cheese and topped with sliced cherry tomatoes and chives sits on a counter next to a tub of Daiya Cream Cheeze and other items.
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    Permission granted by Daiya Foods
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    Daiya’s new fermentation technology promises improved plant-based cheese

    CEO Michael Watt said items made using the new method will have a taste, melt and mouthfeel more like their dairy counterparts.

    By • Updated March 1, 2023