Corporate Operations: Page 79
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Courtesy of Tyson Foods
Tyson to require COVID-19 vaccinations for entire US workforce
The meat processor would be the largest food company in the country to mandate the shot, as the delta variant triggers a wave of new infections.
By Samantha Oller • Aug. 4, 2021 -
Retrieved from Danone.
Danone prepares 'plant-based 2.0' platform
The food giant is making taste and texture improvements to its oat, almond and soy milks, with new U.S. launches for Silk and So Delicious set for the second half of 2021.
By Samantha Oller • Aug. 3, 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 -
Tim Boyle via Getty Images
PepsiCo to sell Tropicana, other juice brands for $3.3B
Private equity firm PAI Partners is picking up the well known names, and the soda company will retain a minority stake in the business.
By Megan Poinski • Updated Aug. 3, 2021 -
Tomohiro Ohsumi via Getty Images
How Kellogg uses data to drive growth
The Michigan company looks at many sources to create actionable plans that enhance sales, supply chain and consumer experience, Chief Growth Officer Monica McGurk explains.
By Megan Poinski • Aug. 2, 2021 -
Courtesy of Instacart
Shoppers stocking up on health-related items as COVID-19 cases rise, Instacart finds
Sales of items including disinfectant sprays and wipes, hand sanitizer and cold medicine were up by 15% or more over one week in mid-July, according to the e-commerce company.
By Sam Silverstein • Aug. 2, 2021 -
Justin Sullivan via Getty Images
As stock begins trading, Dole CEO is 'excited about the future'
The day after the completion of the mega-merger between the iconic U.S. company and Ireland-based Total Produce, the newly minted largest fruit and vegetable company in the world went public.
By Megan Poinski • July 30, 2021 -
Courtesy of Danone
Danone will overhaul and replace most of its board
All members except Chairman Gilles Schnepp and the two representing employees of the French dairy company will step down when their terms expire, giving incoming CEO Antoine de Saint-Affrique a clean slate.
By Megan Poinski • July 30, 2021 -
Molson Coors to sunset 11 economy brands
CEO Gavin Hattersley said the legacy alcohol company is moving toward more premiumization — his latest strategy to increase its sales and outlook.
By Megan Poinski • July 30, 2021 -
Courtesy of Frito-Lay
ColumnLeftovers: Lay's borrows flavors from Doritos and Funyuns; Skittles takes the rainbow to space
The new line of Frito-Lay's signature potato chip is either genius marketing or a recipe for consumer confusion, and Uncrustables adds pizza to its repertoire of convenient snacks.
By Food Dive staff • July 30, 2021 -
Permission granted by Ozo
Why MycoTechnology and Planterra are joining forces in plant-based
With a similar attitude toward innovation, the fermented ingredients maker and JBS USA's alternative protein subsidiary say this partnership adds to R&D and new product possibilities.
By Megan Poinski • July 29, 2021 -
Permission granted by Benson Hill
ADM acquires non-GMO soy ingredients maker Sojaprotein
The purchase of the Serbia-based company for an undisclosed amount continues the agribusiness giant's push to expand its plant protein manufacturing capabilities.
By Lauren Manning • July 29, 2021 -
Retrieved from TreeHouse Foods on July 01, 2016
TreeHouse to pay $27M to settle class action following 2016 purchase of Conagra unit
An Illinois judge granted preliminary approval of a deal reached as part of a case filed five years ago claiming the private label food maker overstated how its business was performing.
By Christopher Doering • July 29, 2021 -
Ulet Ifansasti via Getty Images
Surge in coffee prices to a multi-year high could impact major CPGs
Lower output of the commodity following frost in Brazil may squeeze manufacturers of the beverage, including Nestlé, J.M. Smucker and Coca-Cola.
By Lauren Manning • July 29, 2021 -
Permission granted by Zevia
Fresh off its IPO, stevia-sweetened soda maker Zevia aims for beverage dominance
CEO Paddy Spence said his company, which competes against Coca-Cola, PepsiCo, LaCroix and Monster, is considering entering coffee and sports drinks.
By Christopher Doering • July 28, 2021 -
Permission granted by American Bakers Association
Fewer than half of food execs are prepared for the future of work, study finds
Nine in 10 people are investing in future-of-work-related initiatives, but only 11% are putting significant funds there, according to Deloitte and the Food Industry Association.
By Megan Poinski • July 28, 2021 -
Courtesy of Wicked Kitchen
Wicked Kitchen launches at 2,500 Kroger and Sprouts stores nationwide
A week after closing a $14 million investment round, the U.K. brand, which made its name at Tesco and is headed by big names in the U.S. food business, brings a wide variety of SKUs to consumers.
By Megan Poinski • July 27, 2021 -
Adeline Kon and Christopher Doering/Food Dive
Deep DiveThe thrill-seeking, concert-loving CEO behind Hain's rapid turnaround
Mark Schiller, whose rare blend of humor and business savvy played a part in reviving brands at PepsiCo and Pinnacle Foods, is immersed in his biggest challenge yet: Hain Celestial.
By Christopher Doering • July 27, 2021 -
Joe Raedle via Getty Images
Consumers are feeling the heat from summer inflation, report says
Sixty percent of consumers surveyed by data firm Numerator said they’ll switch to lower priced brands if significant inflation continues.
By Jeff Wells • July 26, 2021 -
Megan Poinski/Food Dive
Utz builds out top ranks with 3 C-suite appointments
With the creation of a COO role and appointment of a new CFO and chief people officer, the snack maker continues a rapid makeover of its executive office while growing its portfolio through acquisitions.
By Christopher Doering • July 26, 2021 -
Courtesy of NotCo
Plant-based NotCo gets $235M for expansion
The funds bring the valuation of the Chilean company, which uses artificial intelligence to create realistic plant-based substitutes, to $1.5 billion.
By Megan Poinski • July 26, 2021 -
Adeline Kon and Christopher Doering/Food Dive
Deep DiveInside Hain Celestial's fight to regain its swagger
Once a disjointed collection of brands and close to having its stock delisted, the organic and natural products leader has cut money-losing products, prioritized innovation and improved its credibility with retailers.
By Christopher Doering • July 26, 2021 -
Courtesy of The Good Crisp Company
ColumnLeftovers: Feel-good cheese balls offer a functional snack; Dogfish Head gets into plant-based ice cream
The Good Crisp Company taps a clinically proven immune booster for its new offering, and Shrubbly adds some lift to vinegar-based beverages.
By Food Dive staff • July 23, 2021 -
Courtesy of Truly Hard Seltzer
Boston Beer overestimated demand for hard seltzer as once-hot category shows signs of slowing
CEO Dave Burwick told analysts there are too many brands that are the same and not enough shelf space, leading to the prediction that some will be discontinued.
By Christopher Doering • July 23, 2021 -
Permission granted by Nobell Foods
Plant-based cheese maker Nobell Foods raises $75M for expansion
The California-based company, which gets casein protein from bioengineered soybeans, is eyeing a late 2022 product launch.
By Megan Poinski • July 23, 2021 -
Courtesy of Tate & Lyle
Tate & Lyle works to meet 'extreme' surge in allulose demand
The British company that was the first to put the natural sweetener on the market is trying to increase capacity for the ingredient as need outpaces supply.
By Megan Poinski • July 22, 2021
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