Corporate Operations: Page 57
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Permission granted by Post Holdings
Post Holdings’ SPAC doesn’t find acquisition target, will return cash to shareholders
The blank check company, which had a May 28 deadline to find a target, started looking for a partner in the CPG space two years ago.
By Christopher Doering • May 11, 2023 -
Courtesy of Barry Callebaut
Barry Callebaut sets new sustainability and social responsibility targets
The updated Forever Chocolate goals include making the entire company operate with net zero emissions by 2050, and have 100% certified or verified ingredients by 2030.
By Megan Poinski • May 11, 2023 -
Explore the Trendline➔
Courtesy of Instacart
TrendlineTop 5 stories from Food Dive
The food and beverage industry is changing rapidly and the actions companies take this year are likely to play a major role in defining their future.
By Food Dive staff -
Caroline Colvin/Food Dive
Supreme Court rejects pork industry challenge to California law
The 5-4 decision is a legal win for animal welfare advocates, who have long argued the industry does not allow enough space for livestock, like breeding pigs, to roam.
By Chris Casey • Updated May 11, 2023 -
Courtesy of Beyond Meat
Beyond Meat is ‘turning a corner’ as gap between revenues and losses narrows, CEO says
The plant-based meat company posted declines in sales and revenues almost across the board, but Ethan Brown said they are on target to be cash flow positive later this year.
By Megan Poinski • May 11, 2023 -
Courtesy of Mondelez International
Mondelēz plans shutdown of Enjoy Life facility, will ‘refocus and narrow’ allergen-free portfolio
The CPG giant said an influx of products in the free-from snacking space is prompting it to shutter the Indiana plant, where 105 people work.
By Christopher Doering • May 9, 2023 -
Courtesy of New Culture Foods
New Culture will launch animal-free mozzarella at acclaimed LA pizzeria in 2024
The first cheese that uses casein made by precision fermentation will be at Nancy Silverton’s Pizzeria Mozza.
By Megan Poinski • May 9, 2023 -
Courtesy of Ocean Spray
Hershey partners with Ocean Spray on chocolate-covered fruit snacks
The collaboration on cranberry bites further expands the market reach of the confectionery giant, which already has a presence in ice cream, milk, cereal and cookie dough.
By Christopher Doering • May 9, 2023 -
Joe Raedle via Getty Images
Tyson Foods posts first quarterly loss in 14 years and lowers 2023 sales outlook
CEO Donnie King told Wall Street analysts he can’t remember a time when the company faced “the highly unusual situation” of its beef, pork and chicken operations experiencing challenges simultaneously.
By Chris Casey • May 9, 2023 -
Courtesy of Oatly
Oatly to boost its president to CEO
Jean-Christophe Flatin will take the helm at the Swedish oat milk company on June 1, while current leader Toni Petersson will transition to co-chairperson of the board of directors.
By Megan Poinski • May 9, 2023 -
Courtesy of Kraft Heinz
Velveeta and fine chocolate mix in Kraft Heinz TruffVels launch
The confection, made by Compartés Chocolatier to look like the brand’s Shells & Cheese offering, is the latest unconventional product from the CPG giant.
By Megan Poinski • May 9, 2023 -
Christopher Doering/Food Dive
Opposites attract: Hershey aims to disrupt $1.7B sweet and salty category
The 129-year-old company, which wants to be the No. 1 branded manufacturer in the space by 2026, is banking on its prior experience, a portfolio of well-known offerings and the absence of a larger CPG player.
By Christopher Doering • May 8, 2023 -
Courtesy of Molson Coors
ColumnLeftovers: Miller High Life infuses beer into chocolate; Twisted Tea blasts off with a popsicle-inspired drink
The Molson Coors-owned brand and chocolatier Phillip Ashley mix the brew into Bar Snack Truffles, and allergy-friendly brand Partake brings a campfire treat to s’more consumers.
By Food Dive staff • May 5, 2023 -
Getty Images
Legislators condemn manufacturers that added sesame in response to allergy labeling law
Some bakers have put the ingredient into products that didn’t have it before, which has led some people to unknowingly consume the seed.
By Megan Poinski • May 4, 2023 -
Courtesy of Do Good Foods
Behind Do Good Foods’ mission to lower livestock emissions through upcycling
The company, which uses unsold groceries to create animal feed, plans to have a facility in every major metropolitan area to produce its chicken and egg products.
By Chris Casey • May 3, 2023 -
Courtesy of The Every Company and Alpha Foods
The Every Company and Alpha Foods partner to create plant-based food with animal-free eggs
The joint development agreement is the first to bring a precision-fermentation-made ingredient to enhance meat analogs.
By Megan Poinski • May 3, 2023 -
Courtesy of Kraft Heinz
Kraft Heinz brings convenience to frozen meals with Homebake 425°/:30
The new brand, the latest in a series of recent innovations from the CPG giant, features different options for main courses as well as side and vegetable dishes.
By Megan Poinski • May 3, 2023 -
Courtesy of Atlantic Natural Foods
Above Food to go public through SPAC merger
The deal values the Canadian agriculture, ingredient and CPG company at $319 million, and company leaders say there are opportunities for margin growth.
By Megan Poinski • May 1, 2023 -
Brandon Bell via Getty Images
8 mistakes food and beverage brands make as they move to retail
Experts weigh in on how success can be short-lived when food and beverage brands fail to understand some of the biggest pitfalls after diving into the world of retail.
By Sharon Brandwein • May 1, 2023 -
Matthew Stockman via Getty Images
JBS USA taps new CEO
Wesley Batista Filho, grandson of the company’s founder, is taking over. Outgoing chief Tim Schellpeper chose to retire, the meat giant said in a statement.
By Chris Casey • May 1, 2023 -
Courtesy of Conagra Brands
ColumnLeftovers: Conagra brings Wendy’s chili to cans; M&M’s brews Caramel Cold Brew candy
The CPG version of the fast food staple features beef, peppers and beans in a tomato-based sauce, and DiGiorno gets thick and thin with new pizza styles.
By Food Dive staff • April 28, 2023 -
Christopher Doering/Food Dive
Nestlé urged by investor group to lower dependence on unhealthy food products
In a letter, the shareholders said they have “already made clear our willingness to escalate our engagement” with the CPG giant should it fail to act.
By Christopher Doering • April 28, 2023 -
Courtesy of Pasta Noodles Co.
New startup brings the ramen experience to instant pasta
Pasta Noodles Co. said it is bringing authentic Italian pasta packaged in a rapid cook cup, which cooks in three minutes in a microwave.
By Chris Casey • April 28, 2023 -
The image by Irene Kightley is licensed under CC BY-SA 2.0
SweetLeaf partners with American Diabetes Association to promote stevia and monk fruit
The year-long partnership will tout the company’s sweeteners as a healthier and safer alternative with event sponsorships, recipes and cooking demonstrations.
By Megan Poinski • April 27, 2023 -
Scott Olson via Getty Images
Tyson Foods to lay off 10% of corporate employees
The job cuts — which include 15% of senior leadership positions — mark the third major cost-cutting measure by the largest U.S. meat processor in recent months.
By Chris Casey • April 27, 2023 -
Mario Tama via Getty Images
Regenerative ag is driving food sustainability promises, but is it greenwashing?
As companies like PepsiCo and General Mills enlist farmers to deliver on their lofty emissions reduction goals, experts are divided over whether the practice will produce tangible results.
By Chris Casey , Shaun Lucas • April 27, 2023
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