Corporate Operations: Page 55

  • Toblerone, mondelez, chocolate, candy
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    Permission granted by Mondelez International
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    Deep Dive

    Mondelēz launches new strategies to refresh iconic Toblerone and Milka brands

    The snacking giant made changes to the packaging of both century-old chocolate offerings, and in the case of Milka, altered its shape and flavor, to keep the products relevant.

    By • Jan. 11, 2023
  • Three pouches of RXBar Granola sit on a surface with a blue background reading "No B.S." behind them.
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    Courtesy of Kellogg
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    RXBar debuts clean-label granola clusters

    The Kellogg-owned clean label brand’s pouches of clusters bring a new character to a growing category in healthy snacks.

    By • Jan. 11, 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
  • Birch Benders, Sovos Brands, Hometown Food
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    Permission granted by Hometown Food
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    Sovos Brands sells Birch Benders to Hungry Jack pancake owner

    The divestiture to Hometown Food for an undisclosed amount will better position the company for growth by allowing it to focus on other premium brands, including Rao’s and Noosa.

    By • Jan. 10, 2023
  • corona
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    Courtesy of Rio Tinto
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    Constellation Brands warns of consumer sensitivity to price increases

    CEO Bill Newlands said his company plans "more muted" hikes after prior ones slowed sales growth.

    By • Jan. 10, 2023
  • A person carrying a tote bag looks at items on a grocery store shelf
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    Brandon Bell via Getty Images
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    Deep Dive

    7 trends shaping food and beverage in 2023

    The year begins with a new focus on giving consumers what they want, from RTD cocktails to tech-enabled products to sustainability to better labeling.

    By , , • Jan. 10, 2023
  • starry soda pepsico
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    Courtesy of PepsiCo
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    PepsiCo sets its sights on Gen Z with Starry, a Sprite competitor

    After dwindling sales of Sierra Mist, the beverage giant is pitching its latest offering as a “fun escape” for young consumers.

    By • Jan. 9, 2023
  • Impossible Chicken Nuggets launched in September 2021.
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    Courtesy of Impossible Foods
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    Impossible Foods hires chief demand officer to continue growth path

    CPG veteran Sherene Jagla is the first to hold the hybrid position that brings together aspects of marketing, sales, insights and product development for the plant-based meat maker.

    By • Jan. 9, 2023
  • Person in grocery store aisle
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    Pexels/Laura James

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    Sponsored by Veryfi

    Kraft vs. Hormel: Battle of the Brands

    Chow down on consumer receipt data for two food industry titans and see how they’re battling it out.

    Jan. 9, 2023
  • Screengrab from a video of a Tyson Foods pork processing facility
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    Courtesy of Tyson Foods
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    Small meatpackers get $9.6M from the Biden administration

    The administration will provide funds toward 25 projects across 15 states, which USDA Secretary Tom Vilsack said will be targeted at areas that need them most.

    By • Jan. 6, 2023
  • Reese's, Unilever, Hershey, ice cream
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    Courtesy of Hershey, Unilever
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    Reese’s enters the frozen aisle through Hershey and Unilever partnership

    The collaboration between the longtime business allies allows the peanut butter and chocolate candy to expand its presence in stores, and brings a distinctive offering in ice cream treats.

    By • Jan. 6, 2023
  • Benson Hill headquarters
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    Courtesy of Benson Hill
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    Benson Hill sells Fresh division for $21M to concentrate on ingredients

    Agribusiness company IMG Enterprises closed on its Florida facility, real estate, and packhouse at the end of 2022 and will complete the transaction through a stock purchase this year.

    By • Jan. 6, 2023
  • pretzel, eastern standard provisions
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    Retrieved from Eastern Standard Provisions.
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    Mondelēz participates in $13.5M funding round for soft pretzel maker

    With the investment in Eastern Standard Provisions, Tapan Shah, head of venture capital for the CPG giant’s SnackFutures arm, became a director at the company.

    By • Jan. 5, 2023
  • Frito-lay, PepsiCo, chips
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    Christopher Doering/Food Dive
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    Exclusive: PepsiCo to bring iconic chip brands into new snacking categories in 2023

    Cheetos-flavored pretzels, Doritos co-branded jerky and a cracker with one of its major chip brands will allow the CPG giant to change how shoppers view its snacks and increase occasions when they are consumed.

    By • Jan. 4, 2023
  • Shelf tag for plant-based milk at a Giant Food in Washington, D.C.
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    Catherine Douglas Moran/Food Dive
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    Oatly sells some manufacturing capacity to co-packer Ya YA Foods for $98.1M

    After a year plagued with production problems, the publicly traded company will focus on its proprietary oat base, while the Canadian co-manufacturer will take over its Utah and Texas plants.

    By • Jan. 4, 2023
  • Six brown eggs in a paper carton
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    Getty Images
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    Cal-Maine hits record earnings as egg prices skyrocket, but shares drop

    The largest egg producer in the U.S. said bird flu ravaging flocks led to a 110% year-over-year sales increase in its most recent quarter, but there are some signs prices of the protein could recede as the new year takes hold.

    By • Jan. 3, 2023
  • Moolec Science co-founder and CEO Gaston Paladini and some of the company's bioengineered plants.
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    Courtesy of Moolec Science
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    Moolec Science begins trading on Nasdaq

    The company is the first to use a process it calls molecular farming — using bioengineered plants to produce animal proteins — to go public.

    By • Jan. 3, 2023
  • Clif Thins owned by Clif, which Mondelez International purchased in 2022
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    Courtesy of Clif Bar
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    2022’s top M&A deals in the food and beverage industry

    Last year saw companies turn to dealmaking as a way to quickly gain presence in fast-growing categories or strengthen their position in existing ones.

    By • Jan. 3, 2023
  • IFF logo
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    Courtesy of International Flavors & Fragrances
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    IFF sells Savory Solutions Group for $900M

    The sale to private equity firm PAI Partners is the first of three divestments CEO Frank Clyburn said were coming soon at the company’s investor day earlier this month.

    By • Dec. 22, 2022
  • The tops of several large steel tanks, with pressure gauges and tubes running out of them.
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    Getty Images
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    How ADM helps other fermentation companies grow and innovate

    Through investments, expertise and agreements, the global commodities giant has worked with many startups, helping them transform their technology into food. 

    By • Dec. 22, 2022
  • Benson Hill soybeans
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    Courtesy of Benson Hill
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    Bunge to spend $550M on protein concentrate plant

    The Indiana facility, which will create about 70 full-time jobs, will make key ingredients used in the production of plant-based foods, processed meat and other products.

    By • Dec. 22, 2022
  • Just the cheese, bar
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    Retrieved from Just the Cheese.
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    John B. Sanfilippo buys baked cheese brand to expand snacking portfolio

    The purchase of Just the Cheese for an undisclosed amount brings the nut and dried fruit products maker into new categories and complements its existing portfolio. 

    By • Dec. 21, 2022
  • UFA upcycled foods association products
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    Chris Casey/Food Dive
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    How upcycled food companies tackle their biggest challenge

    As more brands create products using ingredients that would have gone to waste, leaders in the industry say educating consumers is key to success.

    By • Dec. 19, 2022
  • Dentyne, gum, Mondelez
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    Retrieved from Mondelez.
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    Mondelēz International to sell gum business for $1.35B

    The sale to Perfetti Van Melle Group, a European gum and confectionery maker, includes two manufacturing facilities and brands such as Trident and Dentyne in the U.S., Canada and Europe.

    By • Dec. 19, 2022
  • Broken squares of dark chocolate in a pile on a white background.
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    Getty Images
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    Many dark chocolates have high levels of cadmium and lead, study finds

    Consumer Reports looked at the amount of heavy metals in 28 popular brands, though the issue already was litigated, settled and studied, and confectioners have committed to making improvements.

    By • Dec. 19, 2022
  • Boston baked beans
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    "Boston baked beans" by Marcelo Träsel is licensed under CC BY-SA 2.0
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    Hain Celestial to sell its Westbrae Natural brand to Bush Brothers

    The sale of the organic bean line for an undisclosed amount will allow the company to simplify its portfolio while improving its growth profile, margins and cash flow.

    By • Dec. 19, 2022