Corporate Operations: Page 78
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Jonathan Leibson via Getty Images
Former Essentia investor acquires controlling stake in kombucha brand Health-Ade
Jack Belsito, managing partner of First Bev, will assume the role of CEO at the beverage brand while the co-founders will go on to fill other roles. Terms of the deal were not announced.
By Jessi Devenyns • Aug. 18, 2021 -
Courtesy of Instacart
Beyond Meat files for trademark on Beyond Milk name
The document filed with the U.S. government said the patent would cover "making milk shakes; coffee or tea beverages with milk or milk substitutes."
By Christopher Doering • Aug. 17, 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 -
Permission granted by Native.AI
How Native.AI is bringing consumer data closer to manufacturers
The company, which has attracted funding and attention from major players in the CPG industry, uses artificial intelligence to decode consumer comments and product reviews into useful information.
By Megan Poinski • Aug. 17, 2021 -
Christopher Doering/Food Dive
Deep DiveHas the hard seltzer bubble popped? Analysts and beer makers say not so fast
Despite the abrupt warning by Truly maker Boston Beer in July that it overestimated demand, many predict further growth in the category and a few major players to eventually dominate.
By Christopher Doering • Aug. 16, 2021 -
Retrieved from Box Tops for Education on August 12, 2021
General Mills unlocks mobile rewards with back-to-school campaign
The mobile activation is a central part of both the sweepstakes and the CPG giant's efforts to drive online orders for retailers that sell its products.
By Robert Williams • Aug. 16, 2021 -
Courtesy of General Mills
ColumnLeftovers: General Mills' Pillsbury rolls out baking kits; Unilever and Chrissy Teigen fry up a new sauce
The Minnesota-based company sees opportunity in do-it-yourself baked goods during the pandemic, and Cappello's offers up keto-friendly frozen pizza with a secret ingredient.
By Food Dive staff • Aug. 13, 2021 -
Retrieved from Pilgrim's Pride on September 23, 2020
JBS withdraws proposal to buy the rest of Pilgrim's Pride
The poultry producer repeatedly rejected the Brazilian company's offers, saying the price it put forward was too low.
By Megan Poinski , Christopher Doering • Updated Feb. 17, 2022 -
Courtesy of Kalera AS
Vertical farming firms get global ambitions
Kalera's acquisition of Germany's &ever GmbH and 80 Acres Farms' plans for its recent $160 million of new funding highlight the big expansion goals of U.S. growers.
By Samantha Oller • Aug. 12, 2021 -
Courtesy of Impossible Foods
Ahead of potential IPO, Impossible Foods promotes chief accountant to CFO
David Borecky, who oversaw $700 million in capital raises to help the company grow its footprint during the pandemic, is prioritizing reduced prices to increase accessibility to its plant-based meat.
By Jane Thier • Aug. 12, 2021 -
Permission granted by Sensient
Debut Biotech partners with DIC to develop natural colors for food
Fresh off a $22.6 million funding round, the upstart aims to show how its cell-free biomanufacturing platform can overcome some of the existing barriers to creating all-natural and biodegradable pigments.
By Lauren Manning • Aug. 12, 2021 -
Courtesy of Impossible Foods
Impossible Sausage debuts in grocery stores
The plant-based pork product, which first launched in foodservice in 2020, will be available in Savory and Spicy varieties at several retail locations nationwide.
By Megan Poinski • Aug. 11, 2021 -
Courtesy of Freshly
Freshly launches plant-based meals
The debut of the Purely Plant line was sped up by Nestlé's acquisition of the company late last year, said co-founder and CEO Mike Wystrach.
By Catherine Douglas Moran • Aug. 11, 2021 -
Scott Olson via Getty Images
Coca-Cola closing pair of bottling plants affecting nearly 500 workers
The decision to shutter the facilities, expected in 2023, comes as the beverage giant says it is repositioning its portfolio to better respond to changing consumer tastes.
By Christopher Doering • Aug. 10, 2021 -
Courtesy of PepsiCo
PepsiCo and Boston Beer's Hard Mtn Dew to hit stores in February
The beverage, which contains 100 calories and has 5% alcohol by volume, will be available in a limited number of states.
By Christopher Doering • Updated Jan. 31, 2022 -
Courtesy of Super Coffee
Super Coffee parent company raises $106M to continue expansion
The funding round, led by Durable Capital Partners and with participation from leaders from Boston Beer and Schnuck Markets, brings the startup's valuation to more than $500 million, Bloomberg reports.
By Jessi Devenyns • Updated Dec. 6, 2021 -
Courtesy of Danone
Danone's Silk launches plant-based Greek yogurt
With the thick, protein-packed variety dominating the dairy-based segment, the company's new offer aims to recreate its success.
By Megan Poinski • Aug. 10, 2021 -
Courtesy of Finless Foods
Why Finless Foods is taking the plunge into plant-based fish
The company, one of the first dedicated to cell-based seafood, created the product while doing R&D for its cultured bluefin tuna and sees it as a way to transform into a food producer.
By Megan Poinski • Aug. 9, 2021 -
Sanderson Farms to be acquired by Cargill and Continental Grain for $4.53B
Combining the poultry producer with Continental's Wayne Farms subsidiary will give the new entity about 15% of U.S. chicken production. The deal is subject to regulatory approval.
By Megan Poinski , Christopher Doering • Updated Aug. 9, 2021 -
Courtesy of Del Monte
ColumnLeftovers: Del Monte's fruit cups get functional; French's bun mashup bakes in the mustard
Digestion, energy and immune-boosting ingredients are infused in the company's fruit, and Nissin Foods says "yes" to pumpkin spice ramen.
By Food Dive staff • Aug. 6, 2021 -
Courtesy of DouxMatok
DouxMatok hires CEO with experience in partnerships, marketing and brand building
Ari Melamud is the first outside leader for the Israel-based sweetener company and joins at a time when its Incredo Sugar is widely available to manufacturers.
By Megan Poinski • Aug. 5, 2021 -
Megan Poinski/Food Dive
Miyoko's Creamery gets $52M investment
The artisan plant-based cheese company plans to use the funds to expand into more retail outlets and launch new products.
By Megan Poinski • Aug. 5, 2021 -
Courtesy of Brightseed
Danone expands partnership with AI firm Brightseed to explore health benefits in plants
The multiyear collaboration will focus on common crops and lesser-known species as the food giant works to triple its sales in the plant-based space by 2025.
By Samantha Oller • Aug. 5, 2021 -
Courtesy of PRNewswire
Famous Amos launches brand refresh with focus on premium ingredients
The Ferrero-owned brand created three cookie varieties using products sourced from international locations, including the Philippines, Belgium and the Mediterranean.
By Lauren Manning • Aug. 5, 2021 -
Scott Olson via Getty Images
Food and retail companies found broiler chicken welfare working group
Nestlé, Panera Bread, Target, Sodexo and Aramark are among the founding members of the coalition, which will work with Compassion in World Farming to help companies transition to more humanely sourced poultry.
By Lauren Manning , Samantha Oller • Aug. 4, 2021 -
Courtesy of Molson Coors Beverage Company
Molson Coors launches ultra-premium whiskey brand
Five Trail, a blend of Colorado single-malt whiskey made with Coors malts and three bourbons, is the company's first foray into spirits and will hit shelves in some states next month.
By Megan Poinski • Aug. 4, 2021
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