Corporate Operations: Page 5
-
Permission granted by Whole Earth Brands
Equal owner Whole Earth Brands to go private in sweetened takeover bid
The company, which has been exploring strategic alternatives, agreed to a $4.875 per share offer by an affiliate of Sababa Holdings FREE. The deal is expected to close in the second quarter.
By Christopher Doering • Feb. 13, 2024 -
Mario Tama via Getty Images
What El Niño means for farms and global food prices
The U.S. could see the wettest conditions since 2019, easing some drought concerns. But too much rain could bring other problems for growers.
By David Silverberg • Feb. 13, 2024 -
Trendline
Mergers and acquisitions
While the days of transformational megadeals in the food and beverage sector have subsided, the value of M&A hasn’t lost its importance for many executives.
By Food Dive staff -
Permission granted by Keurig Dr Pepper
Deep DiveInside Keurig’s evolution from single-serve novelty to coffee powerhouse
The platform is aiming to more than double its nearly 40 million household user base by adding features and increasing the system’s versatility.
By Christopher Doering • Feb. 12, 2024 -
Courtesy of Kellanova
Kellanova to close US frozen foods plant, UK factory
The closures are part of the CPG giant’s cost-cutting plan, which it accelerated after spinning off its cereal business in 2023.
By Chris Casey • Feb. 9, 2024 -
Courtesy of Conagra Brands
ColumnLeftovers: Mrs. Butterworth’s, Dunkin’ debut donut-flavored syrup | Absolut pours pre-mixed cocktails
Conagra said its product mirrors the taste of the glazed pastry, and General Mills introduces an Old El Paso and Cinnamon Toast Crunch sweet taco shell.
By Food Dive staff • Feb. 9, 2024 -
Retrieved from Jones Soda.
Mary Jones launches hemp delta 9-derived craft soda
The Jones Soda brand was able to introduce THC-infused beverages in most states through a novel application of a federal loophole, which the company said helps centralize its manufacturing.
By Chris Casey • Feb. 9, 2024 -
Permission granted by Equinom
Louis Dreyfus building new pea protein facility
An increasing shift to plant-based protein, especially for dairy products, is driving demand for the ingredient.
By Rose Palazzolo • Feb. 8, 2024 -
Scott Olson via Getty Images
Hershey plans job cuts as consumer spending, cocoa costs weigh on business
The manufacturer of Reese’s and Pirate’s Booty did not disclose how many people would be impacted or when the layoffs would occur.
By Christopher Doering • Feb. 8, 2024 -
Courtesy of Coca-Cola
Coke adds first new permanent flavor in several years with Spiced
The beverage giant is also introducing a limited-time beverage under its Creations platform called Happy Tears Zero Sugar, which contains salty minerals.
By Christopher Doering , Peter Adams • Feb. 7, 2024 -
Courtesy of White Claw
Behind White Claw’s big nonalcoholic seltzer bet
The hard seltzer pioneer is targeting drinking-aged consumers who are looking to imbibe less or stop altogether, a top executive said.
By Chris Casey • Feb. 6, 2024 -
akinoreV via Getty Images
OpinionWhy a new ‘tomato tax’ is rotten to the core
Suspending the tomato trade agreement between the U.S. and Mexico would cost jobs and lead to higher prices for retailers and consumers, a NatureSweet exec writes.
By Skip Hulett • Feb. 5, 2024 -
Permission granted by Meati Foods
Meati Foods names CPG veteran to CFO as company juggles growth, profitability
The appointment of Phil Graves comes amid a slowdown in plant-based sales as cash-strapped consumers watch their spending.
By Christopher Doering • Feb. 5, 2024 -
Courtesy of General Mills
General Mills boosts cereal lineup with Loaded line
The latest innovation from the cereal giant includes favorites like Cocoa Puffs, Cinnamon Toast Crunch and Trix reimagined and filled with a vanilla creme center to be indulged as breakfast or a snack.
By Chris Casey • Feb. 5, 2024 -
Paula Bronstein via Getty Images
Bird flu roils poultry industry, raising concern over egg prices ahead of Easter
More than 2 million birds were killed in California over the last month as producers across the globe struggle once again to control the rapid spread of the virus.
By Nathan Owens • Feb. 2, 2024 -
Courtesy of Boston Beer
ColumnLeftovers: Truly heats up hard seltzer | Cannabis producer launches a blazing wing sauce
The Boston Beer brand is tapping into a snack popular with many football fans while dessert maker Jeni’s Splendid Ice Creams dishes out new flavors for breakfast.
By Food Dive staff • Feb. 2, 2024 -
Courtesy of Phytolon
Phytolon, Ginkgo Bioworks reach milestone with natural colors
The biotech companies developed a range of yellow to purple hues using yeast fermentation, with the intent of bringing the products to market soon.
By Chris Casey • Feb. 1, 2024 -
Brandon Bell via Getty Images
Food trends for 2024: What’s to come this year
Inflation, consumer fatigue over price increases and other factors continue to weigh on companies. Everything from beverages to snacking is set to change in the year ahead.
By Food Dive staff • Jan. 31, 2024 -
Courtesy of PepsiCo
PepsiCo brings Fritos into jerky with Jack Link’s partnership
Following a similar launch in 2023 with Doritos, the snack and beverage maker is tapping into opportunities to bring its popular snacking brands into new parts of the store.
By Christopher Doering • Jan. 31, 2024 -
Retrieved from Utz Quality Foods Inc. on November 14, 2023
Utz to sell 2 brands and manufacturing facilities to Popchips owner for $182.5M
The transaction will help the pretzel and chip maker improve its supply chain, reduce its debt and better position its portfolio for growth.
By Christopher Doering • Jan. 31, 2024 -
Permission granted by Nestle
Nestlé to lay off 216 workers at Ohio factory
The food and beverage giant said the reduction in staff at its Solon location will help optimize its manufacturing network and allow it to better serve its consumers.
By Christopher Doering • Jan. 31, 2024 -
Permission granted by Post Holdings
Post Holdings CEO returns after taking leave for cancer treatment
Rob Vitale, who has overseen the food manufacturer since 2014, said he was “excited and energized” about what the company can accomplish going forward.
By Christopher Doering • Jan. 30, 2024 -
Courtesy of Kellogg
OpinionBridging the divide between the wants of food companies and the needs of farmers
Driven by the urgency to be more environmentally responsible, businesses sometimes fail to fully grasp the multifaceted challenges faced by their suppliers. Here’s how to get everyone on the same page.
By Ofir Ardon • Jan. 30, 2024 -
Courtesy of Ocean Spray Cranberries, Inc.
Ocean Spray reveals first major brand overhaul in 20-plus years
The 95-year-old cranberry co-op teamed with creative studio Stone Strategy & Design to highlight a "wildly uncommon" approach to culture and creativity.
By Chris Kelly • Jan. 30, 2024 -
Courtesy of Oobli
Oobli’s low-sugar chocolates hint at promise of sweet protein alternatives
The company also is using its ingredients to help large food producers lower sugar content in products without impacting taste.
By Chris Casey • Jan. 29, 2024 -
Permission granted by Sargento
Say cheese! Inside Sargento Foods’ evolution into a $2B dairy giant
The 71-year-old company, once the target of prospective buyers, has stayed independent and prioritized innovation to grow and remain competitive.
By Christopher Doering • Jan. 29, 2024
Previous
