Corporate Operations: Page
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Post plans $146M egg production facility expansion for Michael Foods
The project will nearly double the location’s square footage. Construction is expected to be completed by December 2024.
By Christopher Doering • April 24, 2023 -
Column
Leftovers: Kellogg chills out with Icee cereal; Boston Beer signs up for signature cocktails
The breakfast giant’s new collaboration features flavors inspired by the slushie, and marshmallow brand Stuffed Puffs makes its way into the dessert aisle with ice cream products made by Blue Bunny.
By Food Dive staff • April 21, 2023 -
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 -
Deep Dive
Why General Mills is embarking on a farmer-driven regenerative agriculture strategy
The CPG giant said its projects are less about setting stringent rules and more about listening to the producers who are familiar with their land.
By Chris Casey • April 21, 2023 -
More than 40% of consumers factor in sustainability when purchasing food, survey finds
Kearney's annual Earth Day report indicates that even as shoppers deal with inflation, they are still likely to consider the environmental impact when purchasing items.
By Chris Casey • April 21, 2023 -
Quorn mycoprotein becomes available as an ingredient
This is the first time the fungi-derived substance, which has starred in branded meat analog products since 1985, will be widely available to other manufacturers.
By Megan Poinski • April 20, 2023 -
Coca-Cola enters fresh fruit through licensing deal for Minute Maid and Simply brands
In the U.S., Simply Select labeling will be used on Frutura’s Dayka & Hacket fresh citrus while Minute Maid will adorn grapes. Products will begin appearing at retail before July.
By Christopher Doering • April 20, 2023 -
Sara Lee owner Grupo Bimbo lead investor in $4M funding round for Olyra
The company’s venture capital arm made a minority investment in the maker of organic and nutritional breakfast biscuits produced with stone-milled ancient Greek grains.
By Christopher Doering • April 19, 2023 -
I Can’t Believe It’s Not Butter Spray labeling is not misleading, appellate court rules
The U.S. 9th Circuit judges said the pump-action seasoning can be considered a spray — and therefore bill itself as having no calories or fat per serving.
By Megan Poinski • April 19, 2023 -
Kellogg closer to achieving diversity, equity and inclusion goals
At the end of 2022, 46% of all manager roles and above were filled by women globally, an increase of 1% from the previous year.
By Carolyn Crist • April 19, 2023 -
Deep Dive
How Bazooka Gum uses nostalgia to drive sweet success
More than 75 years after the iconic pink bubble gum first launched, it’s still popular for the flavor, texture and comics that made it famous — and that isn't likely to change.
By Megan Poinski • April 19, 2023 -
JBS to pay $25M to settle allegations of beef price fixing
The meat giant will pay the sum to a group of consumers after a class action lawsuit accused it of conspiring with competitors to inflate prices.
By Chris Casey • April 19, 2023 -
Kellogg discontinues MorningStar Farms Incogmeato burger
The CPG food giant said that while it eliminated its plant-based patty, it is still working to innovate and add new alternative protein products to its lineup.
By Chris Casey • April 18, 2023 -
Molson Coors debuts RTD cocktail Topo Chico Spirited
The beverage giant is boosting its media spend as it releases the fourth product in its partnership with Coca-Cola.
By Sara Karlovitch • April 14, 2023 -
How ADM and Brightseed are using AI to expand microbiome potential
The ingredients and commodity giant said the upstart’s technology will help it meet the growing demand for gut health products by identifying bioactive components in plants.
By Chris Casey • April 13, 2023 -
ADM partners with Believer Meats on cultivated products
The agreement brings the global food giant’s ingredients and nutritional expertise to enhance cultured meat items, and lays out a path to potentially produce them for commercialization.
By Megan Poinski • April 12, 2023 -
Chobani taking cautious approach to entering new categories as it prioritizes innovating existing core
After moving beyond its Greek yogurt roots into coffee, creamer and oatmilk, the food maker is now focusing on new flavors, packaging formats and additional usage occasions.
By Christopher Doering • April 12, 2023 -
Retrieved from Venceremos on April 11, 2023
Tyson workers go on strike at Arkansas plant set to close in May
Employees are demanding fair working conditions, including a severance payment for production floor workers, full payment of unused vacation time and compensation for injury claims.
By Chris Casey • April 11, 2023 -
Deep Dive
The ambitious plan by Hain Celestial’s new CEO to restore growth and evolve the better-for-you food giant
In her first interview since taking over in January, Wendy Davidson said her strategy at the Greek Gods yogurt and Terra chips maker prioritizes increasing innovation, boosting brand awareness and expanding distribution.
By Christopher Doering • April 11, 2023 -
Conagra manufacturing disruption spurs canned food shortages
Issues securing and ensuring quality cans affected the availability of some products, CEO Sean Connollly said in its latest quarterly earnings call.
By Kelly Stroh • April 10, 2023 -
Pilgrim’s Pride, Perdue settle in poultry price-fixing case totaling $35M
These chicken producers join a dozen other companies that have agreed to a settlement with Washington state’s attorney general who says the businesses colluded to increase profits. Five processors have yet to settle.
By Chris Casey • April 10, 2023 -
One-third of consumers can’t find a plant-based dairy product they like, survey finds
Ingredients provider Ofi found while 65% of consumers are buying these options along with regular dairy, many have not found completely satisfying offerings that fit their needs.
By Chris Casey • April 6, 2023 -
Column
Leftovers: SpaghettiOs packs heat with Frank’s Red Hot; Rice Krispies pops into candy bars
The Campbell Soup-owned pasta dish is tapping the popular hot sauce for its new product, and better-for-you brand Jovial Foods serves up gluten-free mac and cheese from Italy.
By Food Dive staff • April 6, 2023 -
Sen. Sanders calls to ‘break up’ large egg producers as Cal-Maine profits surge 718%
The lawmaker once again brought up his rallying call to split “Big Ag” after the country's largest egg producer announced its latest quarterly profits.
By Chris Casey • Updated April 6, 2023 -
Sales at Top Ramen maker Nissin surge 41%
The company, which holds a 40% share of the instant ramen segment in the U.S., is benefiting from strong demand for its core products and newer innovations.
By Chris Casey • April 5, 2023 -
Chocolate maker Barry Callebaut appoints new CEO
The announcement that Peter Feld is taking the top spot came on the same day that the Swiss chocolate company reduced the amount it is investing and trimmed its sales guidance more than analysts had been expecting.
By Christopher Doering • April 5, 2023