Corporate Operations: Page 67

  • Bowery Farming
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    Courtesy of Bowery Farming
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    How Bowery Farming is growing the indoor agriculture space

    The vertical farming company opened its largest farm in Pennsylvania this week, with two more facilities, more technology and new crops on the way.

    By • May 26, 2022
  • One of the bioreactors ABEC is building for Eat Just's Good Meat division. The bioreactor will be used for cultivated meat.
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    Courtesy of Eat Just
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    Eat Just announces plans for commercial-scale cell-based meat facility

    The cultivated meat maker entered an agreement with biotech process engineering company ABEC, which will build 10 bioreactors for the plant. The company says it will be able to make 30 million pounds of product annually.

    By • May 25, 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
  • BERKELEY, CA - SEPTEMBER 23: Boxes of Cheerios ceral, made by General Mills, sit on the shelf at a grocery store September 23, 2009 in Berkeley, California. General Mills Inc. reported a 51 percent ju
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    Getty Images
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    General Mills to sell Helper, Suddenly Salad for $610M

    Eagle Foods, known for its sweetened condensed milk, will buy the two brands. The transaction could help both companies expand in growing categories.

    By • May 25, 2022
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    Scott Olson via Getty Images
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    Oatly selects top candidate for next CEO, WSJ reports

    Incoming president Jean-Christophe Flatin is likely in line to replace Toni Petersson, who has led the oat milk giant since 2012, sources told the publication. 

    By Samantha Oller • May 25, 2022
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    Christopher Doering
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    Coca-Cola to discontinue its Honest teas line in late 2022

    The company plans to continue producing the "quickly growing" Honest Kids juice offering while prioritizing the expansion of its Gold Peak and Peace Tea brands.

    By • May 24, 2022
  • TeaPot, Boston Beer, cannabis
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    Courtesy of Boston Beer
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    Boston Beer moves into cannabis-infused iced teas

    Each can of TeaPot contains five milligrams of THC and will be available in some Canadian provinces in July.

    By • May 24, 2022
  • A close up of a hand throwing away a plastic bottle into a recycling container.
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    Getty Images
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    Deep Dive

    What's standing in the way of a circular food packaging economy?

    As CPGs test new bottle and wrapper prototypes and set goals to cut virgin plastic use, critics warn roadblocks could trip up their progress.

    By • May 24, 2022
  • Hershey's chocolate bars are shown on July 16, 2014 in Chicago, Illinois.
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    Scott Olson via Getty Images
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    Hershey adds distribution centers to boost capacity ahead of Halloween

    Three new facilities will help the chocolate maker meet demand it hasn't been able to fulfill.

    By Alejandra Carranza • May 23, 2022
  • Grocery shoppers buying wine at a self-checkout station
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    Getty Images
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    Consumers wrestle with shortages, sticker shock in the grocery aisle

    The combination of hard-to-find food items and higher prices is opening a window of opportunity for private label brands, according to Morning Consult research.

    By • May 20, 2022
  • Evo Foods shows off its plant-based eggs in San Francisco in April 2022.
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    Permission granted by Evo Foods
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    Ginkgo Bioworks partners with Evo Foods on animal-free eggs

    The U.S. biotech company will offer its scientific expertise in precision fermentation to help the Indian plant-based CPG create an ingredient to use in its products.

    By • May 19, 2022
  • Benson Hill soybeans
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    Courtesy of Benson Hill
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    Cargill to build soybean processing facility to meet rising oilseed demand

    The company plans to break ground on the plant early next year and expects it to be operational in 2026. Once completed, the new structure will create about 45 full-time positions.

    By • May 19, 2022
  • Dippin' Dots
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    Permission granted by Dippin' Dots
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    Dippin' Dots to be acquired by Icee owner J&J Snack Foods for $222M

    The snack maker said the purchase will complement its existing frozen business and leverage its expertise to grow the ice cream brand and enter new markets.

    By • May 19, 2022
  • Deliwich, Nestle, Hot Pockets,
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    Courtesy of Nestle
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    Nestlé's Hot Pockets brand enters portable sandwich market

    The Deliwich is designed to be taken on-the-go frozen and ready to eat by lunchtime. It will compete against offerings like J.M. Smucker's Uncrustables.

    By • May 18, 2022
  • Golden Wing, Molson Coors, milk
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    Courtesy of Molson Coors
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    Beer giant Molson Coors taps into plant-based milk

    Golden Wing is part of the company's goal to reach $1 billion in revenue by 2023 from its emerging growth division launched three years ago.

    By • May 17, 2022
  • Eat Just's Good Meat chicken in a stir fry
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    Courtesy of Eat Just
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    ADM partners with Eat Just on cell-based meat growth medium and product development

    This is the ingredient powerhouse's first agreement in the cultivated meat space, and the company says it fits in with its strategic focus on alternative proteins.

    By • May 17, 2022
  • Meat at a Safeway in Washington, D.C.
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    Catherine Douglas Moran/Food Dive
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    Meat processors used 'baseless' claims of shortages to keep plants open during COVID-19: report

    A congressional investigation said Tyson and others influenced a Trump order to ensure facilities would continue operating despite local and state health measures.

    By • Updated May 17, 2022
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    Spencer Platt via Getty Images
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    Consumers 'laser-focused' on discounts as food prices hit four-decade high

    Shoppers are actively trading down as the cost of meat, eggs, butter and other staples soar, according to an analyst.

    By • May 13, 2022
  • Brightseed
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    Permission granted by Brightseed
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    Brightseed raises $68M to accelerate artificial intelligence work

    The creator of Forager AI, which maps the health impact of plant-based compounds, plans to use the funding to launch its first FDA-GRAS ingredient. 

    By • May 12, 2022
  • Beyond Meat's Beyond Burger
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    Courtesy of Beyond Meat
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    Beyond Meat shares drop as jerky costs drive $100.5M loss

    President and CEO Ethan Brown said the internal costs the company incurred will pay off in the long run, but analysts seem to be skeptical of the strategy.

    By • May 12, 2022
  • Tootsie Roll Power Plant
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    Nitram242. (2017). "Tootsie Roll Power Plant" [Photograph]. Retrieved from Flickr.
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    Tootsie Roll could pause production lines due to delayed supplier deliveries

    Ingredients and packaging suppliers have failed to meet promised delivery dates due to rail and truck constraints, the candy manufacturer said.

    By Alejandra Carranza • May 11, 2022
  • BERKELEY, CA - SEPTEMBER 23: Boxes of Cheerios ceral, made by General Mills, sit on the shelf at a grocery store September 23, 2009 in Berkeley, California. General Mills Inc. reported a 51 percent ju
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    Getty Images
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    General Mills to buy frozen pizza crust maker to boost away-from-home business

    The purchase of TNT Crust for an undisclosed amount will add to the fold a fast-growing company while increasing the CPG's exposure to the popular meal offering.

    By • May 11, 2022
  • TreeHouse Foods logo with green squares around it
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    Retrieved from TreeHouse Foods on July 01, 2016
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    TreeHouse Foods: Inflation is a boon to private label demand

    The maker of store-branded products said its offerings are making inroads across multiple retail channels and among consumers in all earnings brackets. 

    By • May 10, 2022
  • Tyson Foods
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    Permission granted by Tyson Foods
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    Tyson's sales climb to $13B as meat industry profits are scrutinized

    The meat and poultry giant's CEO said the financial increases are par for the course as inflation rages.

    By • May 10, 2022
  • At Granja Avicola Pujols, a layers eggs production in San Sebastian, PR, Here, here chickens live under a dawn and sunset light-simulator to help promote a healthy egg production.
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    Preston Keres. (2018). "20180321-OC-PJK-7623_TONED" [photograph]. Retrieved from U.S. Department of Agriculture.
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    Avian influenza impacts 37.5M birds in commercial and backyard flocks

    While the outbreak seems to be hitting more egg laying operations, bigger companies say they are not yet drastically affected.

    By • May 10, 2022
  • cereal aisle
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    Thai Phi Le/Food Dive
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    Kellogg aims for cereal market share recovery after strikes, supply woes

    The company, which saw a 10% year-over-year decline in net cereal sales in the first quarter, said it has a plan to buoy growth in the second half of the year.

    By • May 9, 2022