Corporate Operations: Page 56

  • Ben & Jerry's Chubby Hubby ice cream
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    Courtesy of Ben & Jerry's
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    Unilever says Ben & Jerry’s Israel business lawsuit is settled

    The independent board affiliated with the ice cream brand filed the initial lawsuit during the summer, arguing the CPG company overstepped its authority by selling its arm in the Middle Eastern country.

    By • Dec. 16, 2022
  • Back to Nature, B&G Foods
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    Courtesy of B&G Foods
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    B&G Foods to sell Back to Nature brand to Barilla America

    CEO Casey Keller said the sale is part of the company’s portfolio focusing effort, and can help reduce long-term debt. Terms of the deal were not disclosed.

    By • Dec. 16, 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
  • Bright green flags fly in front of the L-shaped Novozymes office building, with a mirrored wall straight ahead and white brick with small windows to the right. People walk on a covered path.
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    Courtesy of Novozymes
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    Chr. Hansen will merge with Novozymes in a $12.3B deal

    The sale, which is expected to close in the fourth quarter of 2023 at the earliest, would create a company with extensive expertise in enzymes and natural microbials.

    By • Dec. 15, 2022
  • Whole Earth Brands, sugar, sweetener, equal
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    Permission granted by Whole Earth Brands
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    Equal sweetener owner Whole Earth announces CEO transition plan

    The company’s board appointed member Michael Franklin to serve as its interim head starting Jan. 1. He replaces Albert Manzone, who has run the firm since 2016.

    By • Dec. 15, 2022
  • Coca-Cola, Freestyle
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    Permission granted by Coca-Cola
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    How Coca-Cola turns to its Freestyle machine to create shelf-ready flavors

    The CPG’s 50,000 dispensers, which pour more than 11 million drinks each day, have inspired four beverage creations that have made it to bottles and cans.

    By • Dec. 15, 2022
  • palm oil deforestation
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    Dimas Ardian via Getty Images
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    Investors pressure food companies to set concrete deforestation plans

    Groups representing trillions of dollars in assets say CPGs must do more to prevent further losses of biodiversity in their supply chains by 2030.

    By • Dec. 14, 2022
  • Packages of Papa Pita Bakery's buns, bread, bagels, English muffins,tortillas and flatbreads arranged on a white brick shelf area with wheat sheafs in the background.
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    Courtesy of Papa Pita Bakery
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    Flowers Foods buys Papa Pita Bakery for undisclosed amount

    With the purchase of the Utah company, the baking giant adds several regional brands to its portfolio, as well as a state-of-the-art manufacturing facility and distribution network.

    By • Dec. 14, 2022
  • Fresh vegetables and fruits at the refrigerated section of a supermarket.
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    Getty Images
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    Drought leads to 80% jump in vegetable prices

    Prices from producers increased 38% in November, and could continue to be unstable if weather conditions don’t improve.

    By • Dec. 13, 2022
  • A worker in one of Ynsect's insect farms.
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    Courtesy of Ynsect
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    Ynsect plans US insect farm and partners with Ardent Mills

    The facility will produce more than 55,000 tons of ingredients a year, which the milling company will explore for use in healthy and sustainable food.

    By • Dec. 13, 2022
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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