Corporate Operations: Page 77
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Lillianna Byington/Food Dive
Ferrero names insider as new North American president
Former Ferrara CEO Todd Siwak takes over from Paul Chibe, who has been picked as global president for Ferrero Group's sugar confectionery and gums business.
By Samantha Oller , Christopher Doering • Sept. 3, 2021 -
Courtesy of Campbell Soup Company
Campbell Soup eyes at-home eating as key to soup growth
The company is expanding its product portfolio to tap into better-for-you trends and new meal occasions as the lingering pandemic keeps consumers at home.
By Samantha Oller • Sept. 2, 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 Givaudan
Givaudan make strides in fermented ingredients by partnering with other companies
A natural component developed with Manus Bio will be available in 2021, and an agreement with Ginkgo Bioworks will help the Swiss flavor and fragrances giant recreate rare natural substances.
By Megan Poinski • Sept. 2, 2021 -
Courtesy of Nestlé
Nestlé opens its largest R+D Accelerator, dedicated to cross-category innovation
This is the latest in a series of R&D facilities that the world's largest food company has opened to help startups, students and its own employees bring products to market quickly.
By Jessi Devenyns • Sept. 1, 2021 -
Christopher Furlong via Getty Images
Boston Beer subsidiary to launch cannabis beverages in Canada through partnerships
The beer company's BBCCC will work with manufacturer Peak Processing Solutions and grower Entourage Health for drinks slated to go into production at the end of the year, while eyeing a potential future U.S. launch.
By Samantha Oller • Sept. 1, 2021 -
Permission granted by Nestle
Home-bound consumers perk up demand for Nestlé's Nespresso
The world's largest packaged food company said the coffee brand, which is posting double-digit annual growth, is benefiting from an e-commerce presence and the shift toward premiumization.
By Christopher Doering • Aug. 31, 2021 -
B&G Foods cuts 86 jobs in Maine factory sale
The more-than-100-year-old facility where B&M beans were made will become a new high tech and data science hub for Northeastern University.
By Megan Poinski • Aug. 31, 2021 -
Courtesy of AB InBev
AB InBev's Natural Light enters vodka category
The brand, which started out in beer 44 years ago, is launching three flavors of the spirit, including Lemonade, Strawberry Lemonade and Black Cherry Lemonade.
By Christopher Doering • Aug. 30, 2021 -
Permission granted by Tyson Foods
Tyson investing $300M in fully cooked chicken plant
The new facility will produce Any'tizer appetizers and chicken nuggets, and is slated to open in spring 2023.
By Chris Casey • Aug. 30, 2021 -
Courtesy of Sovos Brands
Sovos Brands prices IPO at $12, below expected range
The better-for-you food maker had previously looked to offer its shares between $14 and $16. The stock will trade on the NASDAQ under the ticker symbol SOVO.
By Megan Poinski • Updated Sept. 23, 2021 -
Photo by Fauxels (Studio) from Pexels
Food and beverage companies have room to grow on diversity goals, study finds
Women and historically marginalized people made up 35% of companies' executive boards in 2020, according to a new report from Deloitte and FMI.
By Chris Casey • Aug. 27, 2021 -
Why Mondelēz's retirement switch has riled Nabisco workers
Given the snack maker's healthy revenue gains, striking employees want it to restore pension contributions it froze three years ago.
By Robert Freedman • Aug. 27, 2021 -
Permission granted by IFF
Locust bean gum's newfound success in food stymied by supply shortages
As demand for the versatile ingredient found in everything from ice cream to plant-based foods has increased, soaring prices have prompted some companies to look for cheaper substitutes.
By Christopher Doering • Aug. 26, 2021 -
Lillianna Byington/Food Dive
Labor crisis roils the food industryStrike at Mondelēz factories ends as Nabisco workers agree to new contract
Workers "overwhelmingly" accepted a collective bargaining agreement offered by the snack giant, ending a more than month-long walkout that had spread to five states.
By Christopher Doering • Updated Sept. 20, 2021 -
Courtesy of Chobani
Chobani launches paper yogurt container as it moves away from plastic
It took the food maker two years to develop the new packaging for its Single-Serve Oat Blend product, which the company could eventually bring to other items in its portfolio.
By Christopher Doering • Aug. 26, 2021 -
Courtesy of Vow
Vow and Nourish team up to make cell-based meat with animal-free fat
The Australian companies are joining forces to eventually make a product with a taste and mouthfeel superior to its animal counterpart.
By Megan Poinski • Aug. 25, 2021 -
General Mills eyes animal-free dairy with new brand website
It's not clear if Renegade Creamery is an actual product line that is in the works from the Minneapolis-based manufacturer, but if it is, it could be a big development for the up-and-coming segment.
By Megan Poinski • Updated Aug. 24, 2021 -
Permission granted by Heineken
Deep DiveFrom snack bars to beer, CPGs rethink the art of sampling in a post-COVID world
The pandemic has changed how companies provide a taste of their products to shoppers — a valuable practice that can boost long-term sales for a brand.
By Christopher Doering • Aug. 23, 2021 -
Permission granted by Ozo
Planterra opens R&D center at expanded headquarters
The U.S. plant-based subsidiary of Brazilian meat giant JBS plans to test and develop new products at the Colorado facility as it harnesses innovation to grow in the highly competitive space.
By Samantha Oller • Aug. 23, 2021 -
Courtesy of Nestle
ColumnLeftovers: Nestlé's Lean Cuisine gets a low-carb makeover; Mtn Dew Spark makes a return
The frozen meal brand adds cauliflower-based pasta and oven-fried chicken to its lineup, and Kellogg's Eggo embraces emoticons.
By Food Dive staff • Aug. 20, 2021 -
Courtesy of Quorn
Quorn aims to ramp up US presence with new culinary center
While the facility is equipped to test and innovate all of the company's products, it will focus on the increasingly popular chicken category.
By Jessi Devenyns • Aug. 20, 2021 -
Tim Boyle via Getty Images
PepsiCo aims to replenish more water than it consumes by 2030
The snack and beverage maker said the stringent water-use-efficiency standards would cover more than 1,000 global facilities, saving over 11 billion liters annually.
By Christopher Doering • Aug. 19, 2021 -
Courtesy of Barry Callebaut
Barry Callebaut debuts caramelized white chocolate
Caramel Aura, which taps into consumer demand for new flavors and sustainably sourced ingredients, is touted by the company as addressing both comfort and premiumization trends.
By Samantha Oller • Aug. 19, 2021 -
Courtesy of Cargill
Cargill partners with AeroFarms to increase cocoa bean yields, improve farming practices
The multiyear pact will allow the companies to test different indoor growing technologies, such as aeroponics and hydroponics, light, irrigation and nutrition, to identify optimal growing conditions.
By Christopher Doering • Aug. 19, 2021 -
Courtesy of Upside Foods
Upside Foods partners with chef Dominique Crenn to serve its cell-based chicken
The first U.S. female chef to get three Michelin stars will be a culinary counsel and recipe development assistant to the company. She will make its cultured chicken the first meat on her menu in years, once it gets regulatory approval.
By Megan Poinski • Aug. 19, 2021
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