Corporate Operations: Page 54

  • Loose black-eyed peas lay next to the pods in which they grow on a white surface
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    Courtesy of BetterSeeds
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    BetterSeeds creates GMO cowpeas to replace soy

    The Israeli company’s bioengineered plant could stand up straight and be harvested just like the commodity oilseed crop, which is harder to grow in hotter, drier conditions.

    By • Jan. 26, 2023
  • Machinery, including large tanks and piping, used for biomass fermentation in an industrial building with red tile floors. A few people in hardhats are near the equipment.
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    Courtesy of Meati Foods
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    Meati’s Mega Ranch opens, increasing its scale for a national launch

    Production at the 100,000-square-foot mycelium meat analog fermentation plant will equal that of a traditional cattle farming facility, pound for pound, the company said.

    By • Jan. 26, 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
  • Tyson Foods office building
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    Scott Olson via Getty Images
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    Tyson CFO pleads guilty to trespassing, intoxication charges: report

    John Randal Tyson, great-grandson of the meat company’s founder, was initially arrested in November.

    By Elizabeth Flood • Jan. 25, 2023
  • A stock image of planning for investment returns.
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    "SMRs" by QuoteInspector is licensed under CC BY-ND 2.0
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    7 in 10 food and beverage execs anticipate revenues rising in 2023: survey

    Product expansion and innovation is top of mind, leaders told Marcum LLP, with 72% indicating it is their main business strategy going forward.

    By • Jan. 25, 2023
  • Vita Coco
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    Permission granted by Vita Coco
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    Vita Coco’s reinvention: How reassessing its customer base is paying off

    The New York company has watched its sales and marketing soar as consumers gravitate toward its better-for-you offering and industry giants such as Coca-Cola exit the category.

    By • Jan. 25, 2023
  • perdue snackers chicken
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    Courtesy of Perdue
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    Perdue’s new chicken products lean into at-home cooking and snacking trends

    Flavor-Infused Chicken is fully cooked sous vide bites, while Chicken Plus Snackers are a flavor-forward extension to the company’s plant-based hybrid line.

    By • Jan. 24, 2023
  • Camino Partners execs and the Belgian Boys brand founders have their arms around each other in front of a pink Belgian Boys trade show booth.
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    Permission granted by Camino Partners
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    Former Kind execs launch incubation and investment firm Camino Partners

    The entity represents a new name and mission for Daniel Lubetzky’s Equilibra Partners Management, with a goal of helping startups on their journey.

    By • Jan. 24, 2023
  • Overhead view of hands touching plates of chicken dishes, including a rice bowl and tacos, on a yellow table with a light brown cloth napkin, two glasses and a bowl of tortilla chips
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    Permission granted by Believer Meats
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    How Believer Meats is building the future for cultivated chicken

    The company, formerly known as Future Meat Technologies, hopes to have its North Carolina commercial-scale facility operational — and approval to put its meat on U.S. consumers’ plates — by Q1 2024.

    By • Jan. 23, 2023
  • A JBS meatpacking plant in Greeley, Colorado.
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    Matthew Stockman/Getty via Getty Images
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    Homeland Security probes potential child trafficking at JBS slaughterhouses, NBC reports

    A high number of minors the Labor Department found were illegally working for a cleaning contractor at two of the Brazilian meat giant’s plants were also migrants, officials told the network.

    By • Jan. 23, 2023
  • Mars ice cream twix M&M's dove
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    Courtesy of Mars
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    Column

    Leftovers: Mars Wrigley goes further into freezer aisle; Talenti scoops into bars

    The confectionery giant’s mission to triple the size of its ice cream business continues with three new offerings, and Snax-sational Brands brings Post’s Fruity Pebbles cereal to popcorn.

    By Food Dive staff • Jan. 20, 2023
  • Danone
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    Courtesy of Danone
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    Danone names 3 deputy CEOs to head top divisions

    The restructuring will help the yogurt and water maker improve its decision-making, execution and growth, the company said. The executives will report to CEO Antoine de Saint-Affrique.

    By • Jan. 20, 2023
  • A group of people in lab coats stand in front of a lab with tanks for precision fermentation behind them.
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    Permission granted by The Live Green Co
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    Live Green Co adds precision fermentation to enhance recommendations

    The new division brings new proteins into the reformulations its Charaka platform is able to make.

    By • Jan. 19, 2023
  • Campbell Soup
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    Christopher Doering/Food Dive
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    Campbell Soup to add 330 jobs, spend $50M at HQ to consolidate snacking operations

    The Goldfish and Pop Secret maker also plans to close its operations in Charlotte, North Carolina, and Norwalk, Connecticut, and bring those jobs to its campus in Camden, New Jersey.

    By • Jan. 19, 2023
  • Mondelez oreo
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    Lillianna Byington/Food Dive
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    Inflation has less of an impact on snacking than meals, Mondelēz finds

    The Oreo maker also found a delay in receiving snacks due to supply chain disruptions has forced many consumers, especially Gen Zers and millennials, to be more open to trying new items.

    By • Jan. 19, 2023
  • A judge's gavel is shown sitting idle on a thick, cherry stained, perhaps mahogany desk. The judge's hands are visible but out of focus in the background.
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    Getty Images
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    Why food and beverage cases make up the majority of the ‘most ridiculous’ lawsuits

    Three-quarters of the U.S. Chamber of Commerce’s Institute for Legal Reform’s list of cases are proposed class action suits claiming ingredient and label information on CPG food and drink items are misleading.

    By • Jan. 19, 2023
  • dairy cattle cows
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    Getty Images
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    Danone plans to reduce methane 30% by 2030

    Through its new partnership with the Environmental Defense Fund, the dairy giant aims to implement regenerative agriculture practices and influence governments to adopt more climate-friendly policies.

    By • Jan. 18, 2023
  • Nestle, carnation breakfast essentials
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    Courtesy of Nestlé
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    Nestlé invests $43M in Wisconsin factory expansion

    The CPG giant will increase capacity for its Boost and Carnation Breakfast Essentials drinks, and the zero waste-to-landfill facility will have several energy, water and waste saving features.

    By • Jan. 18, 2023
  • Vita Coco
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    Permission granted by Vita Coco
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    Deep Dive

    Here’s how CPGs are bracing for more volatility in 2023

    After a year of inflation, war and supply chain disruptions, companies are taking steps to prepare their operations to weather a period of prolonged uncertainty.

    By • Jan. 17, 2023
  • PepsiCo, no sugar, soda
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    Permission granted by PepsiCo
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    PepsiCo overhauls recipe for its Zero Sugar cola

    The change, which creates a drink the company says more closely mirrors its namesake beverage, could help it gain ground on Coca-Cola's Zero Sugar offering.

    By • Jan. 17, 2023
  • Plant-based chicken strips next to a wooden scoop of beans
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    Courtesy of No Meat Factory
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    No Meat Factory raises $42M to expand plant-based protein manufacturing

    The Canada-based company makes branded alternative protein items for other companies, and seeks to offer its services globally.

    By • Jan. 13, 2023
  • Beyond Meat Jerky is the first product from the Planet Partnership with PepsiCo.
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    Courtesy of Beyond Meat
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    Beyond Meat chief brand officer departs

    Beth Moskowitz is the fifth executive to leave the publicly traded plant-based meat company since September.

    By • Jan. 13, 2023
  • Pure Organic
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    Courtesy of Kellogg
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    FDA allows more vitamin D fortification in cereal and bars

    Kellogg filed the petition to bump up the nutrient level of its products as consumers increasingly value health and immunity.

    By • Jan. 12, 2023
  • Cones of strawberry, vanilla and chocolate ice cream stick out of a glass jar with an ice cream scoop and spoons on a blurred counter background.
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    Getty Images
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    Kerry negotiating 500M euro sale of sweet ingredients business

    The divestment would free the company up to expand in higher-growth areas, and would help potential buyer IRCA become a global leader in components for the segment.

    By • Jan. 12, 2023
  • A stack of snack food packages from Mondelez International, including Wheat Thins, Oreos, Ritz and Sour Patch kids.
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    Courtesy of Mondelē​​z International
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    4 snack trends to watch in 2023

    Sales have stayed strong even as prices have increased thanks to innovation and increasingly on-the-go consumers. Will that momentum continue this year?

    By Christine Blank • Jan. 12, 2023
  • Tyson Foods
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    Permission granted by Tyson Foods
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    Tyson adds 150 more jobs to Illinois plant expansion

    The company broke ground on the $180 million addition to its plant — which will now add 400 new positions — in August.

    By • Jan. 11, 2023