Corporate Operations: Page 73
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Deep DiveFor food CPGs and grocers, finding harmony online is a difficult dance
Product manufacturers face a sometimes-daunting array of requirements when seeking to sell products through e-commerce channels run by retailers.
By Christopher Doering , Sam Silverstein • Jan. 10, 2022 -
IPOs surge to record in 2021 with most issuers hitting target price: EY
Fiscal stimulus, low interest rates and abundant capital are some of the forces driving robust IPO and SPAC deal activity in sectors including food and beverage, the consulting firm said.
By Jim Tyson • Dec. 23, 2021 -
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 -
Courtesy of Impossible Foods
Top 10 food funding rounds of 2021
The year has had 13 unique investment periods where companies received more than $100 million — a trend that is not likely to end soon, experts say.
By Megan Poinski • Dec. 23, 2021 -
Christopher Doering/Food Dive
Fresh Express salad outbreak sickens 10, kills 1
After the strain of listeria was detected in bagged romaine and sweet butter lettuce, the company shut down the Illinois plant that processed it and recalled more than 200 SKUs in 19 states.
By Megan Poinski • Dec. 22, 2021 -
Andreas Rentz via Getty Images
Suit: Hostess fired worker over positive COVID-19 test
A former employee in Georgia claimed in a lawsuit the snacks company violated the Americans with Disabilities Act by letting her go after she contracted the virus and requested time off.
By Katie Clarey • Dec. 21, 2021 -
Courtesy of General Mills
General Mills names chief brand and disruptive growth officer
The company has tapped Doug Martin, who previously acted as the president of its North American dairy unit, for the new role as it prioritizes digital innovation.
By Peter Adams • Dec. 17, 2021 -
Courtesy of Drinkworks
'Keurig for cocktails' abruptly decides to shutter operations
Drinkworks, a partnership between Anheuser-Busch and Keurig Dr Pepper, had recently expedited its expansion efforts and debuted a new machine. No details on the closure were provided.
By Christopher Doering • Dec. 17, 2021 -
Sam Silverstein/Food Dive
Grocery budgets set to climb nearly 15% in 2022
Shoppers are cooking 64% of their meals at home, according to research conducted by accounting firm KPMG.
By Sam Silverstein • Dec. 17, 2021 -
Rey Del Rio via Getty Images
Labor crisis roils the food industryKellogg strike ends after workers vote to approve latest contract offer
About 1,400 unionized employees are set to return to work Monday after ratifying a deal that provides a path to full benefits for lower-tier workers and an agreement not to close any plants through October 2026.
By Chris Casey • Updated Dec. 21, 2021 -
JM Smucker sells juice and grains businesses, and will shut down plant
Nexus Capital Management will buy R.W. Knudsen juices and TruRoots easy-to-cook ancient grains for $110 million, and a Wisconsin facility that makes jams, jellies and ice cream toppings will close its doors in 2022.
By Megan Poinski • Dec. 16, 2021 -
Courtesy of AB InBev
Anheuser-Busch wades into hard soda with new seltzer launch
The offering, which is set to hit shelves in January, further blurs the line between traditional alcohol companies like AB InBev and soda makers like Coca-Cola and PepsiCo.
By Christopher Doering • Dec. 16, 2021 -
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Deep DiveWho wins in food industry class action cases?
Litigation can be long and expensive and relief can be hard to come by, as consumers find themselves with small rewards and brands struggle with keeping their reputations intact.
By Megan Poinski • Dec. 16, 2021 -
Courtesy of Eat Just
José Andrés joins board for Eat Just's cell-based meat
The celebrity chef pledged to serve cultured Good Meat chicken at one of his restaurants once the U.S. grants regulatory approval. He also will be a culinary advisor to the company.
By Megan Poinski • Dec. 15, 2021 -
Joe Raedle via Getty Images
Deep DiveWhy are so many class action lawsuits filed against the food industry?
In 2020, the number of court cases from consumers claiming that food and drink companies deceived them hit an all-time high, according to statistics compiled by law firm Perkins Coie.
By Megan Poinski • Dec. 15, 2021 -
Courtesy of Clif Bar
Clif Bar launches incubator to pursue disruptive innovation
The first product from the better-for-you company's Trailblazers program is a line of plant-based dog snacks, but there are plans to also develop new items for humans.
By Samantha Oller • Dec. 14, 2021 -
Permission granted by Tyson Foods
Tyson to conduct racial equity audit
In response to a petition outlining accusations of discrimination, a third party will review the meat giant's business practices and compose a report that will be available to the public.
By Chris Casey • Dec. 14, 2021 -
Courtesy of The Urgent Company
Coolhaus acquired by Perfect Day-affiliated The Urgent Company
The premium ice cream maker, which is being purchased for an undisclosed price, will eventually make all of its dairy products with animal-free proteins.
By Megan Poinski • Dec. 13, 2021 -
Rey Del Rio via Getty Images
Labor crisis roils the food industry
Biden denounces Kellogg's plan to replace striking workers
In a statement, the president offered support for legislation that would prevent permanent replacement hiring, while also urging the company and workers’ union to settle their differences.
By Chris Casey • Dec. 13, 2021 -
Courtesy of Wildtype
Wildtype agreement will bring cell-based sushi to grocery stores and restaurants
The partnership with Snowfox and Pokéworks could eventually bring cultivated salmon to more than 1,300 accessible locations.
By Megan Poinski • Dec. 13, 2021 -
Courtesy of Motif FoodWorks
Motif FoodWorks launches heme ingredient and announces new production facility
Hemami, made through precision fermentation, can give plant-based meat a more authentic taste, the company said. It will be one of the components made in the planned 65,000-square-foot center set to open in 2022.
By Megan Poinski • Dec. 9, 2021 -
Courtesy of Beyond Meat
Beyond Meat hires Tyson veterans in push to boost production and lower costs
By placing seasoned executives from the poultry giant in charge of operations and supply chain, the plant-based company looks to overcome issues that have hampered faster expansion.
By Chris Casey • Dec. 9, 2021 -
Courtesy of BellRing Brands
Post Holdings to spend $86M on new Ohio facility, creating 200 jobs
The plant is expected to manufacture products for Post's majority-owned BellRing Brands, which makes Premier Protein shakes and powders.
By Christopher Doering • Dec. 9, 2021 -
Courtesy of Strong Roots
McCain invests $55M in plant-based frozen brand Strong Roots
The global potato giant adds the Irish company known for Cauliflower Hash Browns and veggie burgers to its portfolio of partners in the trendy better-for-you space.
By Megan Poinski • Dec. 8, 2021 -
Scott Olson via Getty Images
Oatly plans 3 new facilities by 2023 to combat supply shortages
The oat milk producer looks to self-manufacture as much as 60% of its total volume as it works to build inventory and control costs.
By Sarah Zimmerman • Dec. 7, 2021 -
Permission granted by LiveKuna
Bakery giant Grupo Bimbo investing in superfood maker LiveKuna
The owner of Sara Lee and Thomas' English Muffins also will partner with the upstart to expand distribution in North America of its products made from ingredients like quinoa and chia.
By Christopher Doering • Dec. 6, 2021
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