Corporate Operations: Page 75
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Rey Del Rio via Getty Images
Labor crisis roils the food industryAs strike enters its sixth week, Kellogg wrestles with cereal supply
CEO Steve Cahillane told Bloomberg the company has begun importing product from overseas to keep supply flowing after the workers' union rejected its latest offer.
By Chris Casey • Nov. 8, 2021 -
Courtesy of The Real Good Food Company
Real Good Food exec says IPO will accelerate its possibilities
With the Nasdaq debut of the better-for-you frozen comfort food company, Executive Chairman Bryan Freeman is bullish on its next-generation approach to brand equity and growth potential.
By Megan Poinski • Nov. 8, 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 -
Retrieved from TreeHouse Foods on July 01, 2016
TreeHouse Foods nixes sale but continuing to explore divestitures
The food maker said it is optimistic over the prospects for private label and that a sale of part of its meal preparations division would make its business less complicated.
By Christopher Doering • Updated March 14, 2022 -
Mario Tama via Getty Images
Court stays employer vaccine mandate
The 5th Circuit ordered the stay due to "grave statutory and constitutional issues with the Mandate."
By Kathryn Moody • Nov. 6, 2021 -
Permission granted by Greenleaf Foods
Maple Leaf plans review of plant-based division after sales declines
The Canadian meat giant will be looking at why consumers are less interested in purchasing its Lightlife, Field Roast and Chao brands, but did not say if it would consider selling them off.
By Megan Poinski • Nov. 5, 2021 -
Anna Moneymaker via Getty Images
OSHA: Employers have 60 days to mandate COVID-19 vaccines
It is a monumental — if expected — development for workplaces throughout the U.S. But expect the news on the emergency temporary standard to move fast.
By Ryan Golden • Updated Nov. 4, 2021 -
Courtesy of Upside Foods
Upside Foods opens plant capable of making 50K pounds of cultivated meat a year
The largest facility of its kind in North America, located near San Francisco, brings cell-based meat closer to reality.
By Megan Poinski • Nov. 4, 2021 -
Permission granted by Vita Coco
Once-hot food and beverage IPOs lose their sizzle as investor enthusiasm fades
A review of 13 companies that have gone public since July 2020 through traditional IPOs or mergers with SPACs show all but one of the listings are trading below where they first came to market.
By Christopher Doering • Nov. 2, 2021 -
David McNew via Getty Images
Food industry is unprepared for future freshwater shortages, report finds
An analysis by sustainability nonprofit Ceres found that Coca-Cola scored highest out of 38 food and beverage companies for addressing water risks.
By Chris Casey • Nov. 1, 2021 -
Retrieved from BodyArmor.
Coca-Cola buys rest of BodyArmor for $5.6B in company's largest-ever purchase
The beverage giant first acquired a 15% stake in 2018. The brand has since grown to become the second-best selling sports drink with $1.4B in sales, behind PepsiCo's Gatorade.
By Christopher Doering • Nov. 1, 2021 -
Courtesy of Nature's Fynd
Nature's Fynd plans 200K-square-foot manufacturing facility and Chicago retail launch
The company, which makes food from a fungus discovered in Yellowstone National Park, appears to be gearing up for a big entry into the commercial space.
By Megan Poinski • Oct. 29, 2021 -
Courtesy of Hershey
Hershey enters premium milk with a2 partnership
The chocolate beverage, which is scheduled to hit retailers' shelves in January, is the confectionery giant's first collaboration with a premium milk company.
By Christopher Doering • Oct. 27, 2021 -
Courtesy of Atlantic Natural Foods
Above Food to buy Atlantic Natural Foods for more than $30M
The vertically integrated Canadian plant-based company's acquisition of the maker of Tuno and Loma Linda can help lead it to new customers, especially in the United States.
By Megan Poinski • Oct. 26, 2021 -
Permission granted by Vita Coco
From its birth in a bar to an IPO, Vita Coco sets its sights next on dominating healthy beverages
Co-CEO Mike Kirban said his company, which grew sales 9% in 2020, is looking toward innovation and M&A to expand its portfolio of better-for-you, functional and plant-based drinks.
By Christopher Doering • Oct. 26, 2021 -
Permission granted by Coca-Cola
Coca-Cola, Unilever among top plastic polluters, report says
The findings, which detail the 10 CPGs whose products produce the highest amount of plastic waste in the world, question the efficacy of companies' sustainability pledges.
By Chris Casey • Oct. 25, 2021 -
Sean Gallup via Getty Images
Where is construction taking place in the food and beverage industry?
In a busy year for building, projects are occurring all across the country, but they seem to be concentrated in a few key states.
By Megan Poinski • Oct. 25, 2021 -
Scott Barbour via Getty Images
Deep DiveWhy the food and beverage industry is building toward the future in 2021
Pandemic-related increases in consumption and a revitalization of CPGs are leading to more big facility construction projects, but challenges in staffing and supply chain may cloud the industry's growth.
By Megan Poinski • Oct. 25, 2021 -
Permission granted by Kind
Kind picks former Mars executive as CEO to lead its North American business
Russell Stokes will help oversee the company's move into growth categories beyond its snack bars at a time when consumers are clamoring for better-for-you offerings.
By Christopher Doering • Oct. 20, 2021 -
Courtesy of Nestlé
Nestlé debuts bonbon-like refrigerated snack as an afternoon pick-me-up
The new offering fills an unmet need in the nut butter category for consumers looking for a fresher, less sugar-intensive way to indulge, a company executive said.
By Christopher Doering • Oct. 20, 2021 -
Catherine Douglas Moran/Food Dive
By the numbers: Plant-based food sales and prices
The trendy segment is selling fast and growing at a quicker rate than traditional products. Data from SPINS details these increases and shows how close some categories are to reaching price parity.
By Megan Poinski • Oct. 19, 2021 -
Courtesy of Lamb Weston
Lamb Weston grapples with higher freight, labor and commodity costs
Hiking prices can help "recover the cost of product delivery," said CFO Bernadette Madarieta, after noting inflation ate away at profits in Q1.
By Max Garland • Oct. 14, 2021 -
Courtesy of Real Good Foods
Real Good Food sets initial share price of $14 to $16
At the upper end of the scale, the better-for-you and grain-free frozen food brand could be worth $98.1 million when it has its IPO.
By Megan Poinski • Updated Oct. 29, 2021 -
Courtesy of PepsiCo
Coca-Cola and PepsiCo wade into booze amid an uncertain future
Coca-Cola's partnership with Molson Coors and its rival's collaboration with Boston Beer give the nonalcoholic beverage giants a unique option in their portfolios to attract consumers.
By Christopher Doering • Oct. 14, 2021 -
Retrieved from Vita Coco on September 02, 2020
Keurig Dr Pepper affiliated entity to buy $20M in Vita Coco stock as part of IPO
The soda, water, tea and coffee giant is Vita Coco’s largest distributor customer, accounting for 19% of its total net sales in 2020.
By Christopher Doering • Oct. 13, 2021 -
Retrieved from PepsiCo.
PepsiCo debuts Rockstar infused with hemp seed oil nationwide
The functional beverage, which is marketed as a way to encourage relaxation and improve mood, also contains B vitamins, spearmint, lemon balm and caffeine.
By Christopher Doering • Updated Feb. 1, 2022
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