Corporate Operations: Page 63

  • Sovos Brands, Noosa, yogurt, birch benders, michael angelo's, rao's
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    Permission granted by Sovos Brands
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    As inflation rages, Sovos Brands thrives with a premium portfolio

    Despite the surge in demand for private label products, the company’s Michael Angelo’s frozen meals and Rao’s sauces are attracting consumers who want to indulge more at home, CEO Todd Lachman said.

    By • Aug. 16, 2022
  • Crisco shortening oil vegetable
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    Retrieved from Crisco on August 15, 2022
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    Crisco price increases struggle to cover higher soybean, canola oil costs

    B&G Foods, maker of the shortening and oil brand, said some consumers have been switching to lower-priced private label options.

    By • Aug. 15, 2022
  • Mergers and acquisitions Explore the Trendlineâž”
    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
  • Skittles factory shared by Mars to Marketing Dive for ACE tool story on Aug. 31, 2021
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    Permission granted by Mars, Incorporated
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    Second lawsuit filed targeting Skittles ingredient

    An Illinois consumer says the confectioner’s use of titanium dioxide makes the candy “unfit for human consumption.”

    By • Aug. 15, 2022
  • Clif Bar cereal
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    Courtesy of Clif Bar
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    Food and beverage M&A dips in Q2, study finds

    Despite 84 deals compared to 99 in the same period last year, large cash stockpiles will keep the space “an attractive and intrinsically defensive sector for investments,” according to research and data provider Kroll. 

    By • Aug. 12, 2022
  • A man works at a baked goods manufacturing plant
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    Permission granted by American Bakers Association
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    From Twinkies to Nutter Butters, lack of ingredients hampers snack food production

    CPG giants are unable to produce popular items as supplier delays have left them waiting on key ingredients.

    By • Aug. 11, 2022
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    Getty Images
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    IFF CFO sees ‘meaningful’ cost increases next year

    The ingredients company is rethinking contracts and plans to have discussions with customers on sharing “the burden” of inflation, Glenn Richter said. 

    By Maura Webber Sadovi • Aug. 11, 2022
  • pasta, treehouse
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    Retrieved from TreeHouse Foods.
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    TreeHouse to sell large part of meal prep business for $950M

    The sale to Investindustrial, which comes amid strong demand for store-branded offerings, will simplify the private label maker’s business and allow it to focus on higher-growth and -margin foods.

    By • Aug. 11, 2022
  • Coca-Cola, Dreamworld, soda
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    Courtesy of Coca-Cola
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    Coke to launch Dreamworld cola in latest push to attract younger consumers

    The drink, part of the company’s Creations platform, was introduced to highlight the CPG giant’s signature beverage while allowing consumers to explore “what a dream tastes like.”

    By • Aug. 11, 2022
  • Danone, yogurt, oikos
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    Permission granted by Danone
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    The secret behind Danone’s ‘very recession resilient’ portfolio

    North American CEO Shane Grant said the company will benefit as consumers prioritize essential foods like its creamers, yogurts and plant-based milks.

    By • Aug. 10, 2022
  • Haus, alcohol
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    Courtesy of Haus
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    Aperitif maker Haus to shutter as Constellation reportedly backs out on funding round

    In a tweet, the upstart’s CEO said the three-year-old company is in the process of closing, and without an investor, doesn’t have the cash to support its operations.

    By • Aug. 10, 2022
  • All Lightlife products were reformulated to become more clean label by 2021.
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    Permission granted by Greenleaf Foods
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    Maple Leaf cuts plant-based business 25% as demand fails to meet expectations

    The owner of Lightlife and Field Roast brands is “sizing the shoe to fit a new foot” as it aims to make its alternative meat unit profitable, according to its CEO.

    By Samantha Oller • Aug. 9, 2022
  • Twisted Tea, Boston Beer, Beam Suntory, whiskey
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    Courtesy of Boston Beer Company
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    Boston Beer debuts Sweet Tea Whiskey through partnership with Beam Suntory

    The offering, which will be under the Twisted Tea line, is the third launch in the past year between the two partners after Sauza Agave Cocktails and Truly Flavored Vodka.

    By • Aug. 8, 2022
  • Tastewise founders Eyan Gaon and Alon Chen, wearing shirts with their company name, sit on a round bench in an office.
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    Courtesy of Tastewise
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    How Tastewise uses artificial intelligence to bridge the gap between consumers and food trends

    The Israeli company’s recent $17 million funding round is helping it expand the social, recipe and restaurant data it looks through to determine what consumers truly want.

    By • Aug. 8, 2022
  • Packaging for Kellogg's MorningStar Farms Incogmeato brand.
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    Courtesy of Kellogg
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    MorningStar Farms sales drop 10% on supply disruption

    Kellogg said the brand’s “uncharacteristic” decline was mostly caused by issues at a co-manufacturer and the company is focused on restoring supply.

    By • Aug. 5, 2022
  • A large package of Beyond Meat burgers sits in a shopping cart.
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    Courtesy of Beyond Meat
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    Beyond Meat cuts outlook and employees as sales and earnings disappoint

    As higher prices and inflation lead consumers to trade down at the grocery store, CEO Ethan Brown said the company is focusing on reducing its operational expenses.

    By • Aug. 5, 2022
  • Monster
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    Justin Sullivan via Getty Images
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    Monster to debut first flavored malt beverage alcohol product

    While known for energy drinks, the company entered booze earlier this year with the purchase of Canarchy. It currently has a “robust” pipeline to grow in the category, according to its co-CEO.

    By • Aug. 5, 2022
  • A group of people pose with a giant pair of red-handled scissors cutting a blue ribbon in front of Firmenich's new building
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    Courtesy of Firmenich
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    Firmenich and IFF open high-tech facilities to speed product development

    The Switzerland-based company’s new plant in California strengthens its U.S. presence, while IFF’s culinary design center in Denmark is part of its Re-Imagine Protein Innovation Program.

    By • Aug. 4, 2022
  • A headshot of Motif FoodWorks CEO Michael Leonard
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    Courtesy of Motif FoodWorks
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    Motif FoodWorks names new CEO

    Michael Leonard, the company’s longtime chief technology officer, takes the helm immediately while former leader Jonathan McIntyre transitions to an advisory role.

    By • Aug. 4, 2022
  • Nissin Foods ramen
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    Courtesy of Nissin Foods USA
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    Nissin sales jump 22% as premium ramen drives growth

    Offerings such as limited-time flavors and rice-based meals have helped the Top Ramen and Cup Noodles maker maintain momentum.

    By • Aug. 4, 2022
  • Molson Coors
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    Christopher Doering/Food Dive
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    What 4 beer companies see in consumer drinking habits amid high inflation

    Despite price increases and a jump in the cost of living, not all alcoholic beverage makers find shoppers switching from premium offerings to cheaper economy brands.

    By • Aug. 4, 2022
  • Bag of almond flour
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    Permission granted by Bob's Red Mill
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    Bob’s Red Mill to halt DTC operations

    After selling over the phone, via mail and through its website for years, the flour producer is focusing on wholesale.

    By Caroline Jansen • Aug. 4, 2022
  • McCormick, Kitchen Basics, broths
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    Retrieved from McCormick & Co..
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    Del Monte buys broth and stocks brand Kitchen Basics from McCormick

    The purchase for an undisclosed amount will strengthen the company’s branded portfolio while complementing College Inn, its existing product in the category.

    By • Updated Aug. 4, 2022
  • Lifeway Foods
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    Retrieved from Lifeway Foods.
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    Lifeway Foods agreement aims to soothe family feud

    Key shareholders seeking the ouster of CEO Julie Smolyansky have dropped a push to nominate new board members after the kefir maker agreed to a strategic review. 

    By Samantha Oller • Aug. 2, 2022
  • Just Bare chicken
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    Retrieved from Pilgrim's Pride on August 01, 2022
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    Pilgrim’s Pride plans fully cooked chicken plant in Southeast

    The news comes after the company saw a 96% jump in revenues for its prepared offerings in the last quarter.

    By • Aug. 1, 2022
  • Five bottles of different Soylent flavors sit on the shelf of a mini-fridge.
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    Courtesy of Soylent
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    How Soylent is bringing plant-based meal replacement into the future

    CEO Demir Vangelov says the company, whose successful evolution from a tech product to a nutritional supplement has invited acquisition rumors, doesn’t take itself too seriously.

    By • Aug. 1, 2022