Corporate Operations: Page 53

  • Tofurky's Plant-Based Roast
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    Courtesy of Tofurky
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    Tofurky bought by Morinaga Nutritional Foods for undisclosed amount

    The plant-based meat pioneer has worked with the division of the Japanese dairy giant for 17 years, and the acquisition will help strengthen its supply chain and bolster future expansions.

    By • Feb. 10, 2023
  • Packaging for Kellogg's MorningStar Farms Incogmeato brand.
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    Courtesy of Kellogg
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    Kellogg will not split off its plant-based brands

    The CPG giant — which saw sales increase 12% in its last quarter — is holding on to MorningStar Farms and only breaking off its cereal brands, CEO Steve Cahillane said on the earnings call.

    By • Feb. 10, 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
  • ingredion
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    Christopher Doering/Food Dive
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    As CPG needs shift, Ingredion accelerates change within

    From hiring workers with expertise in snacking or alternative sweeteners to bulking up its portfolio, the ingredients provider is quickly adapting to an ever-growing list of demands from its customers and shoppers.

    By • Feb. 9, 2023
  • Post, pet food
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    Courtesy of Post Holdings
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    Post enters pet food category through $1.2B deal with J.M. Smucker

    The deal, which includes Rachael Ray Nutrish and Kibbles ‘n Bits, gives the Pebbles cereal and Peter Pan peanut butter producer a prominent presence in a category dominated by Mars, Nestlé and General Mills.

    By • Feb. 9, 2023
  • Three boxes of Kellogg's Honey Smacks cereal from 2018
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    Courtesy of Kellogg
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    Kerry accepts $19.2M fine for 2018 salmonella outbreak in Honey Smacks

    The food and ingredients company pleaded guilty to knowingly manufacturing the Kellogg cereal in an unsanitary facility. The company’s former director of quality assurance will be sentenced next week on related charges.

    By • Feb. 9, 2023
  • J&J Snack Foods' frozen beverage business, which includes ICEE products, was not affected by ERP conversion issues.
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    "ICEE" by Steve Snodgrass is licensed under CC BY 2.0
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    J&J Snack Foods to add 3 new distribution centers in bid to simplify network

    The snack maker says the new facilities will boost efficiencies by reducing party logistics locations.

    By Kate Magill • Feb. 8, 2023
  • Cows, cattle, eating feed
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    Getty Images
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    Tight supplies will lead to lower margins for meat producers in 2023: S&P report

    The nation's most popular credit rating agency said volatile dynamics will drive protein companies to make more cautious decisions and limit investments.

    By • Feb. 8, 2023
  • The entrance of a grey, rectangular building with a cyan blue Motif logo on it. There's an empty parking lot and green lawn in front, trees behind it, and several dark windows.
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    Courtesy of Motif FoodWorks
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    Motif FoodWorks expands business to help startups

    The biotech company now offers fermentation and bioprocessing services at bench scale at its new 65,000-square-foot hub near Boston.

    By • Feb. 8, 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 earnings miss expectations as chicken demand dips, beef costs increase

    The meat giant's CEO Donnie King said in its earnings call Monday that weaker consumer demand and operational difficulties hampered the company's sales over the quarter.

    By • Feb. 7, 2023
  • PepsiCo, Frito-Lay
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    Christopher Doering/Food Dive
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    Inside PepsiCo’s strategy to grow its iconic $21B snacking portfolio

    Parth Raval, the division's chief growth officer, said the CPG giant is exploring different ingredients, packaging formats and flavor offerings to strengthen its dominant presence in the category.

    By • Feb. 7, 2023
  • mccormick
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    Courtesy of McCormick
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    McCormick cutting jobs as part of $75M in cost savings in 2023

    The flavoring giant, which has yet to announce how many employees would be impacted or when, said the staff reductions would be both voluntary and involuntary.

    By • Feb. 7, 2023
  • A bottle of D'Usse cognac sits on an old wooden bar next to a gold-rimmed old fashioned glass and cocktail glass, both which have the gold D'Usse cross. A small white box is next to the bottle.
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    Jerritt Clark via Getty Images
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    Bacardi buys majority of Jay-Z’s cognac brand, ending legal battle

    The entertainer and businessman created D’Ussé with the alcohol maker, but filed a series of lawsuits challenging the company’s valuation of his share.

    By • Feb. 6, 2023
  • Three black heart-shaped boxes of Sour Patch Kids Sour Hearts candy, with black candy hearts around them. The candy and boxes are on a black background with red broken hearts.
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    Courtesy of Mondelez International
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    Column

    Leftovers: Sour Patch Kids paints Valentine’s Day black; Häagen-Dazs crafts butter cookie cones

    The Mondelēz-owned brand targets consumers who aren’t fond of the romantic holiday with its new candy, and Nutella debuts its first new snacks in the U.S. in more than a decade.

    By Food Dive staff • Feb. 3, 2023
  • kellogg rice farming ag farmers
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    Courtesy of Kellogg
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    Kellogg sees positive results from sustainable rice farming pilot

    The cereal giant said the project, focused in the Lower Mississippi River Basin growing area, will inform its approach to other sustainability endeavors.

    By • Feb. 2, 2023
  • halo top desserts baking
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    Courtesy of Halo Top
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    Halo Top enters baking mix category

    The maker of better-for-you treats is launching its first product lines outside the ice cream space after another year of slowing sales for its flagship frozen desserts.

    By • Feb. 2, 2023
  • Eggs on shelves at a grocery store.
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    Catherine Douglas Moran/Food Dive
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    Egg prices to remain high for as long as bird flu continues, experts say

    After prices more than doubled over the past year, producers are grappling with the impact of the virus while politicians and activists call for investigations into potential price gouging.

    By • Feb. 2, 2023
  • Dole, produce
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    Retrieved from Dole.
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    Dole selling its fresh vegetables division for $293M to Chiquita subsidiary

    The fresh produce giant said proceeds from the sale of the division, which generated revenue of $1.28 billion in 2021, will be used primarily to pay down debt.

    By • Feb. 1, 2023
  • Boxes of several varieties of Magic Spoon cereal lay around a bowl of the multicolored Fruity variety.
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    Courtesy of Magic Spoon
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    Magic Spoon expands retail launch to 6,800 stores

    The better-for-you cereal brand, which was only available online until last summer, will be on shelves at Walmart, Kroger and Albertsons, as well as more Target locations.

    By • Feb. 1, 2023
  • The photo shows cannabis plants growing in a greenhouse.
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    Getty Images
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    How FDA stopped the momentum for CBD in food and drink

    Several companies bought big into the once-promising segment, but the government’s decision not to permit the ingredient in food and beverages has left producers unwilling to invest further.

    By • Jan. 31, 2023
  • Components of Tindle's Motel Chicken Sandwich meal kit on a white table. Sandwiches are in the center on a cutting board, with packages, sauces, coleslaw, info cards and a baking tray with patties.
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    Courtesy of Next Gen Foods
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    New Tindle chef-curated meal kits elevate the plant-based meat experience

    The kits, available on Goldbelly, are part of a massive global consumer expansion of Next Gen Foods’ signature chicken analog product.

    By • Jan. 31, 2023
  • oatly climate carbon footprint labeling
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    Courtesy of Oatly North America
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    Oatly debuts carbon footprint labeling on U.S. products

    The oat milk maker, which first added the labels in Europe, said it aims to educate consumers and spur other companies to provide transparency about their emissions.

    By • Jan. 31, 2023
  • pepsico regenerative agriculture emissions
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    Courtesy of PepsiCo
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    Deep Dive

    Food companies say they can reduce their emissions this year. Experts are skeptical.

    Academics and environmental groups say CPGs’ reliance on regenerative agriculture and carbon credits may not be enough to realistically hit their time-based goals.

    By • Jan. 30, 2023
  • Horizon Organic, Danone
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    Retrieved from Danone.
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    Danone exploring options, including a sale, for US organic dairy business

    The review includes the Horizon Organic and Wallaby brands, which represent 3% of the company’s global revenues and have been a drag on growth and margins.

    By • Jan. 30, 2023
  • Unilever HQ
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    Permission granted by Unilever
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    Unilever taps Royal FrieslandCampina head as new CEO

    Hein Schumacher takes the helm of the CPG giant in July. Alan Jope announced his retirement in September.

    By • Updated Jan. 30, 2023
  • simply, mixer, coca-cola
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    Courtesy of Coca-Cola
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    Coca-Cola extends its Simply juice brand into mixers

    Simply Mixology joins similar offerings from PepsiCo and Keurig Dr Pepper as nonalcoholic beverage companies make inroads into alcohol mixers and mocktails.

    By • Jan. 27, 2023