Corporate Operations: Page 54

  • A person uses a fork on a cultivated meat larb salad in a lettuce cup.
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    Courtesy of Orbillion Bio
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    Orbillion Bio partners with Solar Biotech to make 4M pounds of cultivated meat a year

    The startup making Wagyu beef, elk and lamb from cells is the latest in the food space to work with the biomanufacturing company.

    By • Dec. 12, 2022
  • Men talking at a conference
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    Permission granted by The Ibotta Performance Network
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    Sponsored by The Ibotta Performance Network

    Ibotta and General Mills: Fighting inflation, winning back market share

    Brands like General Mills that join the Ibotta Performance Network see near-immediate results with greater return on ad spend.

    Dec. 12, 2022
  • 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
  • IHOp, General Mills, cereal
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    Courtesy of General Mills, IHOP
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    Column

    Leftovers: General Mills flips for IHOP cereal; Brach’s heats up candy canes

    The CPG giant and pancake restaurant joined forces for the breakfast offering, and Ben & Jerry’s teams up with award-winning director Ava DuVernay on an ice cream flavor.

    By Food Dive staff • Dec. 9, 2022
  • IFF logo
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    Courtesy of International Flavors & Fragrances
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    IFF plans job cuts as part of company restructuring

    The ingredients giant plans to save $100 million annually through headcount reduction, which is a part of a plan to become more streamlined, efficient and customer-centric.

    By • Dec. 8, 2022
  • Pernod Ricard
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    Courtesy of Pernod Ricard
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    Pernod Ricard to spend $250M building carbon-neutral distillery in Kentucky

    The spirits maker said the investment “doubles down” on the future sustainability of American whiskey and the “strong growth — and growth potential” in the company’s portfolio.

    By • Dec. 8, 2022
  • Chobani announced it had Fair Trade Certified yogurt in May 2021.
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    Courtesy of Chobani
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    Chobani bolsters C-suite with hiring of chief communications and impact officer

    The appointment of insider Nishant Roy, who will oversee communications, government relations, sustainability and other duties, is the latest executive hire for the yogurt giant in 2022.

    By • Dec. 8, 2022
  • A rendering of Believer Meats' new facility in North Carolina: A large pale yellow and navy blue building with a crowded parking lot in front.
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    Courtesy of Believer Meats
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    Believer Meats breaks ground on world’s largest cultivated meat plant

    The company, formerly known as Future Meat Technologies, will be able to make at least 11,000 tons of cultivated meat in custom bioreactors once the North Carolina facility opens.

    By • Dec. 8, 2022
  • Packages of products from Wells Enterprises brands Halo Top, Blue Ribbon, Blue Bunny and Bomb Pop on a red background.
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    Courtesy of Wells Enterprises
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    Ferrero to buy ice cream maker Wells Enterprises

    The price and terms of the deal, which will give the Italy-based confectioner a large foothold in the frozen treats business, were not disclosed.

    By • Dec. 7, 2022
  • A stack of uncooked Impossible Burger patties separated by wax paper on a yellow background
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    Courtesy of Impossible Foods
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    Motif FoodWorks continues to challenge Impossible Foods’ patents

    After the European Patent Office revoked one of the plant-based meat maker’s patents, the food tech company objected to four others filed in the U.S.

    By • Dec. 7, 2022
  • A white tree with long branches and large flowers appears to be growing out of a tub of Philadelphia Plant-Based spread, which is on a blue background.
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    Courtesy of Kraft Heinz
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    Philadelphia Cream Cheese launches plant-based spread

    The product, which is available at select retailers in the Southeastern U.S., is Kraft Heinz’s second non-dairy launch under one of its flagship brands in the last two months.

    By • Dec. 6, 2022
  • Overhead view of two children's lunch boxes open on a wooden table, containing a variety of food items and packages of Smucker's Uncrustables Bites inside, with product boxes lying between them.
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    Courtesy of J.M. Smucker
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    J.M. Smucker to build R&D center for Uncrustables

    The company’s planned 29,000-square-foot facility will be on the grounds of its headquarters in Ohio, and is slated to open in fall 2023.

    By • Dec. 6, 2022
  • Hershey's hot chocolate bomb
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    Courtesy of The Hershey Company
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    Column

    Leftovers: Hershey bursts into Hot Chocolate Bombs; Premier Protein flips for pancakes

    The confection and snacking giant is bringing its own spin to the wintertime drink, and Kraft Heinz hopes its Lunchables Holiday Packs will give parents the gift of more time to prepare presents. 

    By Food Dive Staff • Dec. 2, 2022
  • Produce section of a grocery store
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    Catherine Douglas Moran/Food Dive
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    A taste of Food Dive’s best stories

    From the struggles of plant-based meat to Kellogg’s proposed split, Food Dive writes about the news that moves the CPG industry.

    By Food Dive Staff • Dec. 2, 2022
  • Do Good Food, eggs
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    Courtesy of Do Good Food
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    Post’s Michael Foods to offer verified carbon reduced eggs in 2023

    The company is partnering with supplier Do Good Foods, and will quantify the impact each foodservice buyer’s purchase had on climate change. 

    By • Dec. 2, 2022
  • 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 CFO pleads not guilty to criminal trespass, intoxication charges: reports

    The company has drawn criticism from some corporate governance experts who felt it should have taken a more aggressive stance on the arrest of its newly minted financial chief.

    By Elizabeth Flood • Dec. 1, 2022
  • Idris Elba sits next to Huel CEO James McMaster in a recording studio.
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    Courtesy of Huel
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    Huel closes $24M investment round

    Actor Idris Elba is among the backers for the British meal replacement company, which is now valued at $560 million.

    By • Dec. 1, 2022
  • Several workers in protective gear work on a meat production line with plastic dividers between them.
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    Permission granted by Tyson Foods
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    Tyson managers fired for COVID-19 betting pool sue for incentive pay

    The former supervisors at the plant in Waterloo, Iowa demand a total of $300,000, saying they deserve bonuses from when the facility met production targets.

    By • Nov. 30, 2022
  • Products made with Perfect Day's animal-free dairy proteins.
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    Courtesy of Perfect Day
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    Perfect Day expands its reach with gelatin company purchase

    With the acquisition of India’s Sterling Biotech Limited, the animal-free dairy company doubles its manufacturing capacity and has a path to widen its precision fermentation portfolio.

    By • Nov. 30, 2022
  • Hogs
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    Scott Olson via Getty Images
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    McDonald’s sues meat companies for accusations of pork price-fixing

    Smithfield, Tyson, JBS and Hormel are among the processors the fast food giant claims have worked together since 2008 to inflate the price of pork.

    By • Nov. 29, 2022
  • Grey and yellow freight rail cars sit in a rail yard with a line of railroad tracks between them.
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    Mario Tama via Getty Images
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    Biden and food industry groups call on Congress to prevent rail shutdown

    The president said he’s been advised that “there is no path to resolve the dispute at the bargaining table” before the Dec. 9 deadline.

    By , • Nov. 29, 2022
  • Freshly's Purely Plant line
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    Courtesy of Freshly
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    Nestlé scales back meal delivery presence through Freshly deal

    The CPG giant and private equity firm L Catterton are creating an entity bringing together the business it bought two years ago and Kettle Cuisine. Nestlé will retain a 41% stake in the partnership.

    By • Nov. 28, 2022
  • Unique Snacks, pretzel
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    Permission granted by Unique Snacks
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    Once a ‘sleepy category,’ the pretzel grabs its fill of the $106B snacking space

    Long mocked as an unloved staple of bars and airplanes, brands such as Hershey’s Dot’s have turned to bold flavors to attract snack-obsessed consumers.

    By • Nov. 28, 2022
  • Hain Celestial, tea, Teawell
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    Courtesy of Hain Celestial
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    Hain Celestial names seasoned CPG exec as new CEO

    Wendy Davidson, who has experience at Glanbia, Kellogg and Tyson, will replace outgoing head Mark Schiller on Jan. 1. He will remain on the organic and natural food maker’s board.

    By • Nov. 28, 2022
  • Post Holdings, cereal, pebbles
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    Permission granted by Post Holdings
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    Post is on lookout for M&A deals, CEO says

    Rob Vitale said the manufacturer of Peter Pan peanut butter and Pebbles cereal has a cash-rich balance sheet that could be beneficial as it considers whether to add to its portfolio.

    By • Nov. 23, 2022
  • Screengrab from a video of a Tyson Foods pork processing facility
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    Courtesy of Tyson Foods
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    Meat companies conspired to set wages low, lawsuit claims

    The proposed class action case says red meat firms had secret meetings to keep employee pay and benefits the same, while pork processors used a service to get compensation information.

    By • Nov. 23, 2022