Corporate Operations: Page 66

  • DouxMatok's Incredo Sugar is made from sugar and manufacturers can use 40% less of it.
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    Courtesy of DouxMatok
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    DouxMatok's Incredo Sugar now available through Batory Foods

    The Israeli company’s marquee product is made from sugar and requires only 50% as much to taste as sweet.

    By • June 16, 2022
  • Post Holdings, plant
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    Permission granted by Post Holdings
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    Post to spend up to $110M to expand cereal production capacity at Nevada facility

    The maker of Honey Bunches of Oats and Pebbles said the expansion will boost output and allow it to better meet consumer demand while reducing transportation costs.

    By • June 16, 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
  • Chameleon, Nestle, coffee
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    Courtesy of Nestlé
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    Nestlé sells Chameleon coffee to food and beverage operator

    The divestiture to Systm Foods for an undisclosed amount comes five years after the food giant purchased the brand as part of a broader effort to grow its presence in the popular beverage category.

    By • June 16, 2022
  • Moolec Science co-founder and CEO Gaston Paladini and some of the company's bioengineered plants.
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    Courtesy of Moolec Science
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    Moolec Science to go public through SPAC merger

    The company, which uses bioengineered plants to produce animal proteins, is valued at $504 million in the deal.

    By • June 16, 2022
  • Different varieties of Cheerios on a grocery store shelf.
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    Christopher Doering/Food Dive
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    Consumers trust food brands, but are not loyal: study

    Morning Consult noted more than one in three people said they have changed to another product when their faith waned — more than any other category.

    By • June 15, 2022
  • Three dishes made from cultivated chicken in front of the bioreactors where the meat was made.
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    Courtesy of SuperMeat
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    How SuperMeat is helping cultivated meat take off

    The Israeli cell-based chicken maker has entered partnerships to make growth media and information available to others, and aims to build a U.S. plant in the near future.

    By • June 14, 2022
  • Gov. J.B. Pritzker holds up a Kinder Bueno bar at the announcement of Ferrero's second expansion in Bloomington, Illinois.
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    Courtesy of Ferrero
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    Ferrero announces $214.4M second Illinois plant expansion

    The newest addition to the plant, which will add 169,000 square feet and create up to 200 jobs, would be the first time Kinder products are made in the U.S.

    By • June 14, 2022
  • Magic Spoon cereal on display at Pop Up Grocer in Washington, D.C. in May 2022
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    Catherine Douglas Moran/Food Dive
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    Magic Spoon raises $85M as better-for-you cereal launches at retail

    The former DTC brand has built a large fan base of Gen Z and millennial consumers thanks to its low-sugar, high-protein offerings in fun flavors.

    By Samantha Oller • June 14, 2022
  • Coca-Cola, zero sugar, Brown Forman, Jack Daniels
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    Courtesy of Coca-Cola
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    Coca-Cola partners with Brown-Forman to launch Jack Daniel's RTD cocktail

    The beverage, which marks the soda giant’s fourth alcoholic offering, will be sold around the world. The initial rollout is planned for Mexico in late 2022. 

    By • June 13, 2022
  • Animal-free ice cream sandwiches made by Coolhaus and Brave Robot
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    Courtesy of The Urgent Company
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    Column

    Leftovers: Brave Robot, Coolhaus team up on animal-free treats; French's spreads beyond mustard

    The Urgent Company-owned brands use Perfect Day’s proteins in their first collaboration, and a uterus-shaped breakfast cereal tries to start the conversation about periods.

    By Food Dive staff • June 10, 2022
  • seth goldman, honest tea, eat the change
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    Permission granted by Eat the Change
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    Honest co-founder downplays potential of legal action from Coca-Cola in new tea launch

    Seth Goldman said initial varieties of his beverage will “very closely mimic” the brand he sold to the CPG giant, which is being discontinued.

    By • June 9, 2022
  • Foster Farms, Atlas Holdings, chicken
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    Retrieved from Foster Farms.
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    Chicken company Foster Farms purchased by private equity firm

    Acquirer Atlas Holdings has named former Tyson CEO Donnie Smith to lead the poultry processor, which has $3 billion in annual revenue.

    By • June 8, 2022
  • Several varieties of Jif peanut butter
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    Courtesy of J.M. Smucker
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    Jif recall may cost Smucker $125M

    Salmonella contamination in products from the company’s largest peanut butter plant triggered a massive recall last month, which could subtract about 2% from total sales, the jam maker said.

    By • June 8, 2022
  • seth goldman, honest tea, eat the change
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    Permission granted by Eat the Change
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    Jilted by Coca-Cola, Honest co-founder plans new RTD tea launch

    Just two weeks after the beverage giant announced it would discontinue the line in 2022, Seth Goldman said his yet-to-be named drink would have the same values and similar recipes.

    By • June 6, 2022
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    Justin Sullivan via Getty Images
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    Monster leans on US can sourcing to lower freight costs

    The beverage maker imported more of the packaging last year to meet demand, but it came at a price.

    By Alejandra Carranza • June 6, 2022
  • Molson Coors
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    Courtesy of Molson Coors
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    Molson Coors is spending $65M to bring more hard seltzer packaging in-house

    The producer of Topo Chico Hard Seltzer and Vizzy said the investment in a new Texas warehouse will alleviate shipping costs and improve its time to market while helping grow its beyond-beer offerings.

    By • June 6, 2022
  • A statue of the blindfolded lady justice in front of the United States Supreme Court building as the sun rises in the distance.
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    Getty Images
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    Why the chicken executive price-fixing case is a priority for prosecutors

    As the unusual third trial of leaders at Pilgrim's Pride and Claxton Poultry Farms begins, the Department of Justice is doubling down on its strategy of holding those in charge accountable for corporate misdeeds. 

    By , • June 6, 2022
  • Beyond Meat's reformulated Beyond Burger hits stores in May 2021.
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    Courtesy of Beyond Meat
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    Beyond Meat accused of unfair competition because of misleading claims in new lawsuit

    The federal lawsuit is the latest attack on the company from former co-manufacturer Don Lee Farms, which says its publicly traded competitor overstates its protein content and incorrectly says its ingredients are natural.

    By • June 3, 2022
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    Sean Gallup via Getty Images
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    Food supplier cyber risk spreads 1 year after JBS attack

    Multiple cyberattacks have hit the industry during the past year and the FBI recently warned the sector could be a prime target.

    By Matt Kapko • June 2, 2022
  • Molson Coors
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    Christopher Doering/Food Dive
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    Beer drinkers clinging to higher-priced brews as inflation rages, Molson Coors CEO says

    In an interview, Gavin Hattersley said price increases for the alcoholic beverage are trailing those hitting gas and other food categories, making it an affordable offering for many people.

    By • June 2, 2022
  • A JBS meatpacking plant in Greeley, Colorado.
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    Matthew Stockman/Getty via Getty Images
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    JBS units agree to infectious disease plan in OSHA settlement

    The workplace safety agency also fined the meat processing company $14,502 after finding facilities in Colorado and Wisconsin did not do enough to protect workers.

    By • June 1, 2022
  • Unilever HQ
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    Permission granted by Unilever
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    Activist Nelson Peltz to join Unilever board

    The investor, whose group owns a 1.5% stake in the European CPG giant, has a track record of pushing large food companies to split off less profitable divisions.  

    By • May 31, 2022
  • stevia
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    Permission granted by Tate & Lyle
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    Sweegen declares victory in stevia patent case, but PureCircle will appeal

    This is the final case that the once-litigious stevia grower, now owned by Ingredion, filed against a competitor.

    By • Updated May 26, 2022
  • Ice cream from Unilever brands on the ground in front of a Flytrex drone
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    Courtesy of Edelman
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    Flying ice cream? Unilever links with drone delivery service Flytrex

    The CPG giant is looking to scoop up more customers for its virtual storefront with delivery in under three minutes and exclusive product bundles.

    By Catherine Douglas Moran • May 26, 2022
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    Spencer Platt via Getty Images
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    Sabra sees double-digit loss in sales and market share after hummus plant closure

    The dip maker is working to boost production after a voluntary recall over salmonella contamination forced the facility to close and implement new safety measures.

    By Samantha Oller • May 26, 2022