Corporate Operations: Page 75
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Smithfield Foods settles pork price-fixing suit for $42M
The meat company did not admit to wrongdoing in this latest suit filed by restaurants and caterers, after settling with a different group of pork buyers for $83 million in 2021.
By Chris Casey • July 7, 2022 -
Courtesy of Opopop
How Opopop is trying to 'make popcorn cool again'
The startup has fashioned its snack as a gourmet alternative, using unique flavors, fun accessories and playful branding to win over younger consumers.
By Chris Casey • July 7, 2022 -
Explore the Trendline➔
Courtesy of Instacart
TrendlineTop 5 stories from Food Dive
The food and beverage industry is changing rapidly and the actions companies take this year are likely to play a major role in defining their future.
By Food Dive staff -
Courtesy of The Vita Coco Company
Diageo partners with Vita Coco on canned cocktail beverage
The drink, which will include the popular coconut water and Captain Morgan rum, will be available in three flavors starting in early 2023.
By Christopher Doering • July 6, 2022 -
Courtesy of Ben & Jerry's
Ben & Jerry's sues Unilever to block sale of its Israeli business
In a lawsuit, the ice cream brand charges that its corporate parent decided to sell its interests in the Middle Eastern country without the consent of its independent board of directors.
By Samantha Oller • July 6, 2022 -
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OpinionStand for something: How community outreach can help CPGs build their brands
Food companies can connect with consumers and employees through meaningful volunteerism and philanthropy, writes Ferrara’s Tola Alade-Lambo.
By Tola Alade-Lambo • July 6, 2022 -
Jeff J Mitchell/Getty Images via Getty Images
Diageo buys flavor tech company to streamline drink exploration, path to purchase
The world’s second largest distiller is hoping to match consumers — especially young ones — with a whiskey, eliminating the costly experimentation process.
By Sara Karlovitch • July 5, 2022 -
Christopher Doering/Food Dive
Coca-Cola turns up the heat on frozen as it searches for growth
The beverage giant said new offerings attract younger consumers to its portfolio of brands before they transition into adult-targeted products like Coca-Cola Zero Sugar and Diet Coke.
By Christopher Doering • July 5, 2022 -
Courtesy of Beyond Meat
Beyond Meat to launch plant-based steak, CEO says
Speaking at The Wall Street Journal’s Global Food Forum this week, Ethan Brown said the product would replicate a whole cut of meat.
By Megan Poinski • June 30, 2022 -
Permission granted by Sanderson Farms
Sanderson, Wayne Farms merger delayed
In a new SEC filing, Sanderson Farms said it still expects the deal to close but not in its expected timeframe of mid-2022.
By Chris Casey • June 29, 2022 -
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Q&AHow food inflation is shaping the shopping habits of price-sensitive consumers
The one-third of shoppers who value cost over brand are not necessarily following expected patterns, according to a recent analysis of transaction data by Symphony RetailAI.
By Samantha Oller • June 27, 2022 -
Courtesy of Consumer Brands Association
Consumer Brands Association CEO leaving to lead travel group
Since Geoff Freeman took the helm nearly four years ago, the once-struggling organization has changed its priorities and welcomed several members.
By Christopher Doering • June 23, 2022 -
Christopher Doering/Food Dive
Bang to transition from PepsiCo distribution deal in favor of new DSD partners
In a statement, the company’s CEO also said all disputes with the beverage and snacking giant have been “fully settled and resolved.”
By Christopher Doering • June 23, 2022 -
Retrieved from B&G Foods on June 22, 2022
B&G Foods creates 4 business units to oversee sprawling portfolio
The maker of Green Giant, Ortega and Cream of Wheat said the new structure will help eliminate unnecessary costs and spur growth.
By Chris Casey • June 22, 2022 -
Justin Sullivan via Getty Images
Splitting Kellogg is the best way to drive growth, CEO says
In an interview, Steve Cahillane said dividing the 116-year-old CPG will unlock value and create three "healthy, strong companies” in plant-based food, cereal and snacks.
By Christopher Doering • June 22, 2022 -
Sean Gallup via Getty Images
Mars CEO to retire in September
Company veteran Poul Weihrauch, currently global president of Mars Petcare, will take the helm this fall.
By Megan Poinski • Updated June 22, 2022 -
Getty Images
Kellogg splitting into 3 companies
The CPG will spin off its North American cereal and plant-based foods operations while retaining its global snacking business. The separation is slated to be complete by the end of 2023.
By Megan Poinski , Christopher Doering • Updated June 21, 2022 -
Courtesy of Clif Bar
Mondelēz to buy Clif Bar for at least $2.9B
The purchase of the Clif, Luna and Clif Kid brands further expands the CPG giant’s reach in snacking while giving it a major presence in the high-growth bar business.
By Christopher Doering • Updated June 20, 2022 -
Courtesy of The Live Green Group
Live Green Group partners with Sigma to make clean-label ingredients
This agreement will utilize the startup’s Charaka algorithm and the Mexican food giant’s reach to create alternatives to things like methylcellulose, gums and emulsifiers.
By Megan Poinski • June 16, 2022 -
Courtesy of DouxMatok
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 Megan Poinski • June 16, 2022 -
Permission granted by Post Holdings
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 Christopher Doering • June 16, 2022 -
Courtesy of Nestlé
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 Christopher Doering • June 16, 2022 -
Courtesy of Moolec Science
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 Megan Poinski • June 16, 2022 -
Christopher Doering/Food Dive
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 Christopher Doering • June 15, 2022 -
Courtesy of SuperMeat
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 Megan Poinski • June 14, 2022 -
Courtesy of Ferrero
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 Megan Poinski • June 14, 2022
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