Corporate Operations: Page

  • Two cardboard containers with plant-based chicken on a waffle with scoops of plant-based gelato drizzled with honey on top, with branded Tindle toothpicks in front of the Tindle and Mwah logos.
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    Courtesy of Next Gen Foods
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    Next Gen Foods buys plant-based gelato maker Mwah

    The buzzy company that created chicken analog Tindle led the seed round for the U.K. frozen treat maker last year, and will be showcasing its products at Natural Products Expo West this week.

    By • March 6, 2023
  • Conagra
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    Christopher Doering/Food Dive
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    Better together: Conagra Brands CEO downplays possibility of splitting the food giant

    In an interview, Sean Connolly said the CPG company benefits from stronger cash flow, greater negotiating power with retailers and deeper margins with its snacking, frozen and plant-based meat brands under one roof.

    By • March 6, 2023
  • 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
  • Four light purple packages of Lovo chocolate bars on a light purple background.
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    Courtesy of Lovo
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    Inside Lovo’s quest to rethink plant-based milk chocolate

    The new brand from the founders of Pascha makes almond, oat, coconut and hazelnut milk the star ingredients, leaning into what consumers love about the popular alternatives.

    By • March 6, 2023
  • Scientists work at one of Motif FoodWorks' labs.
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    Permission granted by Motif FoodWorks
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    Motif FoodWorks enters molecular farming partnership to produce its heme ingredient

    The food tech company is teaming with IngredientWerks to try to make Hemami in corn plants, a development that could save money and energy.

    By • March 2, 2023
  • An English muffin breakfast sandwich with Just Egg folded patty, tomato and avocado and a split English muffin with a folded egg on one side and avocado on the other sit on a dark wood cutting board
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    Courtesy of Eat Just
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    Eat Just laying off 18% of workers with cuts impacting plant-based egg business

    The loss of about 45 jobs is part of an effort by the company to reduce expenses and get the fast-growing product closer to profitability. 

    By , • March 2, 2023
  • A hand holds a bundle of herbs above a fiery double-decker grill with Meati Steaks and Cutlets with grill marks on the bottom left, asparagus on the bottom right, and a frying pan of stir fry and corn
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    Courtesy of Meati Foods
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    Meati hires CPG veterans for supply chain and operations

    As the mycelium meat analog company prepares for a national retail launch this year, Elizabeth Fikes and Joseph Johnston have been hired to run more traditional manufacturing functions.

    By • March 2, 2023
  • A wooden serving board with small pieces of bread spread with cream cheese and topped with sliced cherry tomatoes and chives sits on a counter next to a tub of Daiya Cream Cheeze and other items.
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    Permission granted by Daiya Foods
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    Daiya’s new fermentation technology promises improved plant-based cheese

    CEO Michael Watt said items made using the new method will have a taste, melt and mouthfeel more like their dairy counterparts.

    By • Updated March 1, 2023
  • Clif Thins owned by Clif, which Mondelez International purchased in 2022
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    Courtesy of Clif Bar
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    Food CPG makers are hungry for M&A, but taking ‘disciplined’ approach to acquisitions

    Companies at the recent CAGNY conference said even though they are in financially healthy positions, any deals they make will likely be smaller bolt-on purchases.

    By • March 1, 2023
  • A double-decker plant-based burger with pickles, red onions, mayonnaise, and red round slices on a poppy and sesame seed bun, with words explaining the ingredients.
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    Permission granted by Cargill
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    Cargill enters alternative fats partnership with Cubiq Foods

    The co-development and go-to-market agreement was part of the agribusiness giant’s investment in the Spanish plant-based and cultivated ingredients startup last year.

    By • March 1, 2023
  • eggs cage chickens
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    David Silverman via Getty Images
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    Deep Dive

    Why cage-free eggs could be on shaky ground

    Industry leaders are still on a path to wider adoption of cage-free systems, but consumer expectations, bird flu and an upcoming Supreme Court decision could impact whether they continue to invest in the practice.

    By • Feb. 28, 2023
  • Gaston Paladini holds a round dish with small plants in his hand in a room with shelves of similar small plants.
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    Courtesy of Moolec Science
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    Moolec Science grows molecular farming awareness with Nasdaq debut

    The company, which went public through a SPAC merger late last year, is highlighting its technology and the opportunities it could bring to the food system.

    By • Feb. 28, 2023
  • General Mills launched animal-free dairy cheese brand Bold Cultr in November 2021.
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    Permission granted by General Mills
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    General Mills discontinues animal-free cream cheese Bold Cultr

    A note on the website of the first Big Food product to use precision fermentation dairy says the company decided to “deprioritize funding” for the startup brand.

    By • Feb. 28, 2023
  • Flowers Foods, Dave's Killer Bread, bars
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    Courtesy of Flowers Foods
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    Dave’s Killer Bread adds snack bars to its lineup

    The launch underscores Flowers Foods’ efforts to tap into the better-for-you attributes of the brand, while expanding its reach into fast-growing categories.

    By • Feb. 28, 2023
  • Mondelez International, cakes
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    Permission granted by Mondelez International
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    Mondelēz aims to bring snacking supremacy to $71B cake and pastry category

    Even after tripling sales in the segment during the last three years, the chocolate and biscuit giant remains a distant third with a 3.2% market share.

    By • Feb. 27, 2023
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    Justin Sullivan via Getty Images
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    Opinion

    Finding and creating value in food waste

    Our system needs to be circular and mimic nature, where nothing is lost, writes Pete Pearson, global initiative lead for the food circularity program at World Wildlife Fund.

    By Pete Pearson • Feb. 27, 2023
  • Packages of Good & Gather granola at a Target in Washington, D.C.
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    Catherine Douglas Moran/Food Dive
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    Nearly three in four consumers plan to keep buying private label when the economy settles, survey says

    Manufacturers’ and retailers’ efforts to improve store-branded offerings are paying off, as shoppers make price their most important consideration, the data from Attest shows. 

    By • Feb. 27, 2023
  • A small cast iron skillet with Beyond Steak bites inside sits on a gas-powered hot plate with the product package and a dish of tortilla chips with dips is in the background.
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    Courtesy of Beyond Meat
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    Beyond Meat hits earnings expectations, but continues to struggle with sales

    CEO Ethan Brown said operational changes are starting to work, and reaffirmed the expectation to be cash flow positive by the second half of 2023.

    By • Feb. 24, 2023
  • Ed Sheeran leans on a shiny gray countertop with a bottle of Tingly Ted's hot sauce on either side of him.
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    Courtesy of Kraft Heinz
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    Column

    Leftovers: Ed Sheeran gets tingly with Kraft Heinz; Honey Bunches of Oats crunches into chips

    The British pop singer partners with the manufacturer of his favorite condiment, and better-for-you tortillas Rise & Puff tortillas blow into the market.

    By Food Dive staff • Feb. 24, 2023
  • IFF logo
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    Courtesy of International Flavors & Fragrances
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    IFF sells its Flavor Specialty Ingredients business for $220M

    British private equity firm Exponent is buying the business, which the company says generated more than $100 million in revenue during the last 12 months.

    By • Feb. 23, 2023
  • Packaging for Kellogg's MorningStar Farms Incogmeato brand.
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    Courtesy of Kellogg
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    Plant-based meat ‘ripe for consolidation,’ Kellogg exec says

    Chris Hood, who heads the CPG’s North American business, said in an interview while “the sector is challenged now,” the company remains upbeat about the category and its MorningStar Farms brand.

    By • Feb. 23, 2023
  • hostess, kazbars
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    Courtesy of Hostess Brands
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    Hostess launches new snack brand to invigorate category, shed staid reputation

    Kazbars, a candy-bar-inspired innovation, has chocolate cake, cream, crunch and a gooeyness from fudge and caramel. It is the latest in a string of major product launches in recent years for the sweets maker.

    By • Feb. 22, 2023
  • sausage
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    Mark Kolbe via Getty Images
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    Tyson to acquire Williams Sausage Company

    The meat giant’s purchase of the sausage and bacon processor, for an undisclosed sum, comes after a period of M&A inactivity in the meat sector. 

    By • Feb. 22, 2023
  • blue bottle
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    Permission granted by Blue Bottle
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    Nestlé’s Blue Bottle brews up interest in premium coffee through ultra-rare launch

    The offering is part of the brand’s Exceedingly Rare program from single origin coffees that are often available in small quantities. The current batch came from about 290 pounds of beans. 

    By • Feb. 22, 2023
  • Two pouches of Soylent protein powder and three four different bottles of Soylent beverages sit on a table with a measuring cup and a spoon. A hand touches one of the bottles.
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    Courtesy of Soylent
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    Soylent acquired by Starco Brands

    The price paid for the plant-based nutritional beverage and snack brand was not disclosed by either company.

    By • Feb. 22, 2023
  • Products made with Perfect Day's animal-free dairy proteins.
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    Courtesy of Perfect Day
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    Precision Fermentation Alliance forms to promote understanding of the technology

    The new trade group, formed by nine leading companies in the space, is the latest industry coalition formed to promote an up-and-coming food technology. 

    By • Feb. 21, 2023