Corporate Operations: Page 57

  • 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
  • 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
  • Hogs
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    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
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    Scott Olson via Getty Images
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    Most food companies have weak or no water management programs, report says

    After reviewing 114 businesses, Morningstar urged stakeholders involved with these firms to push for a more comprehensive approach to water use amid ongoing shortages.

    By • Nov. 23, 2022
  • U.S. President Joe Biden stands on stage and speaks into a microphone at COP27 with the blue and white event logo and location on the screen behind him.
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    Sean Gallup via Getty Images
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    For food industry to reach climate goals, COP27 highlights areas of improvement

    As companies work to improve sustainability goals, activist groups and world leaders call for more reductions in emissions and waste.

    By • Nov. 22, 2022
  • Two bottles of Bedfellows, three cans of Little Victory and two small striped cans of MXG.
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    Courtesy of Truss Beverage Co.
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    Molson Coors to exit CBD business venture in US, end La Colombe partnership

    The beverage giant said uncertainty over federal legalization for cannabis and a desire by the coffee maker to combine product segments were behind the decisions.

    By • Nov. 22, 2022
  • A Cargill meatpacking plant is pictured on April 17, 2020 in Fort Morgan, Colorado.
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    Matthew Stockman via Getty Images
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    Cargill names insider as new CEO

    COO Brian Sikes will become the 10th leader of the global protein and ingredients giant on Jan. 1. Current chief executive David MacLennen will transition to executive chairman.

    By • Nov. 21, 2022
  • Sabra, hummus
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    Courtesy of Sabra
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    Hummus leader Sabra regaining swagger after ‘difficult’ move to halt production

    Several months after temporarily shutting down its Virginia plant for repairs, CEO Joey Bergstein said the brand, co-owned by PepsiCo, is experiencing a sharp rebound in sales and recouping lost market share.

    By • Nov. 21, 2022
  • A Beyond Meat double cheeseburger with a toothpick flag of the company's logo sits on a counter.
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    Courtesy of Beyond Meat
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    Deep Dive

    How can plant-based meat get back to growth?

    As business indicators have worsened, Beyond Meat and other companies in the space have tried new strategies — but analysts say they may have forgotten consumers along the way.

    By • Nov. 17, 2022
  • PepsiCo, Doritos, Frito-Lay
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    Courtesy of PepsiCo
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    PepsiCo brings Doritos into dip category

    The new snacks, which come in Spicy Nacho and Cool Ranch Jalapeno varieties, are meant to be used with foods other than chips, including pizza, wings and veggies.

    By • Nov. 17, 2022
  • A sign for the Food And Drug Administration is seen outside of the headquarters on July 20, 2020 in White Oak, Maryland.
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    Sarah Silbiger via Getty Images
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    FDA publishes final food traceability rule

    New recordkeeping requirements as items such as produce, cheeses and eggs move through production and supply chain will go into effect in 2026.

    By • Nov. 16, 2022
  • Kodiak Cakes, cookies
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    Permission granted by Kodiak Cakes
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    Kodiak picks Campbell Soup executive for CEO post

    Valerie Oswalt, who succeeds co-founder Joel Clark in the top post, will oversee a fast-growing company looking to bring its high-protein, whole-grain foods into new categories.

    By • Nov. 15, 2022
  • Campbell Soup, chunky
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    Christopher Doering/Food Dive
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    Inside Campbell Soup’s overhaul to innovation and how it’s paying off

    From technology to how workers collaborate, the 153-year-old food giant is scrapping old practices in favor of new ones to quicken product development and boost its chances of success.

    By • Nov. 15, 2022
  • Tyson Foods
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    Permission granted by Tyson Foods
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    Tyson will eliminate ‘difficult’ jobs as automation increases

    CEO Donnie King did not specify how many positions would be impacted, but said workers would be reassigned to open roles in the company.

    By • Nov. 15, 2022
  • A person cooks Beyond Sausages on an outdoor grill, with the package on the right side.
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    Courtesy of Beyond Meat
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    Beyond Meat partners with American Cancer Society on research

    The meat analog company will help facilitate data collection to see if plant-based alternatives could be linked to the prevention of chronic disease. 

    By • Nov. 15, 2022
  • Cheez-It Puff'd
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    Courtesy of Kellogg
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    Why Kellogg is depending on Cheez-It to grow its snacks business

    The CPG giant bets the 101-year-old cracker brand has the potential to drive up market share in the snacking segment, which makes up 80% of its total sales.

    By • Nov. 14, 2022
  • A hand wearing a safety glove gives a paper-wrapped ice cream sandwich with round cookies and pink ice cream to another hand.
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    Alex Wong via Getty Images
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    Deep Dive

    From science to CPG: New ventures create opportunities for startups

    While many larger players in the food tech space had to build their own facilities and processes from scratch, entities are planning to give those starting out now a smoother beginning.

    By • Nov. 11, 2022
  • Back to Nature, B&G Foods
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    Courtesy of B&G Foods
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    B&G Foods ‘actively seeking’ to sell Back to Nature brand

    The owner of Ortega and Cream of Wheat said it is also looking at other divestitures that could help it pay down debt, reduce leverage and better position its portfolio for growth.

    By • Nov. 11, 2022
  • Three slices of Air Chicken are on a glass plate, garnished with a small radish and purple flower. The background is a blue sky with a few clouds.
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    Courtesy of Air Protein
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    Deep Dive

    From science to CPG: Finding the right team to go beyond the lab

    While scientific processes and developments are core to what food tech companies do, they need employees who can turn the science into a successful business.

    By • Nov. 10, 2022