Corporate Operations: Page 79
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Courtesy of Sabra
Equinom raises $20M to further non-GMO crop breeding
The Israel-based company recently started high-profile sesame seed partnerships with Sabra and Dipasa, and plans a concentrated pea protein launch later this year.
By Megan Poinski • June 22, 2021 -
Sanderson Farms considers sale, WSJ reports
After rejecting an unsolicited takeover offer in October, the nation's third-largest chicken producer has reportedly hired advisers and is attracting interest from smaller poultry providers.
By Megan Poinski • June 22, 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 Impossible Foods
Deep DiveHow Impossible Foods is getting Gen Z interested in plant-based meat
With its products in public school cafeterias and a teen-focused website that connects animal agriculture to global warming, the company aims to feed and educate the next generation.
By Megan Poinski • June 21, 2021 -
Courtesy of Nature's Fynd
Nature's Fynd protein gets green light from FDA
Regulators had no questions about the company's research into the safety of its fermented protein, which it plans to use as a meat and dairy analog and in a myriad of other products in launches later this year.
By Megan Poinski • June 21, 2021 -
Barry Brecheisen via Getty Images
PepsiCo pursues trademark for Rockstar-branded beer and hard seltzer, Bloomberg reports
The application was filed under a provision that said the soda and snack giant plans to use the trademark for alcoholic beverages, but has yet to do so.
By Christopher Doering • June 21, 2021 -
Courtesy of Hostess Brands
ColumnLeftovers: Hostess launches Crispy Minis; Twisted Tea gets a little saucy
The small wafers layer creme between cookies in a resealable pouch, and Soonish debuts a better-for-you beer that includes banana, millet, sorghum and honey.
By Food Dive staff • June 18, 2021 -
Permission granted by Live Green Co.
How The Live Green Co. reformulates products using modern technology and ancestral wisdom
The buzzy Chilean startup has garnered a lot of attention with its Charaka algorithm, which recommends plant-based and sustainable alternatives for highly processed ingredients.
By Megan Poinski • June 17, 2021 -
Permission granted by Constellation Brands
Constellation takes minority stake in 'Breaking Bad' actors' Dos Hombres mezcal
The spirit brand founded by actors Bryan Cranston and Aaron Paul is the second smoky premium liquor the alcohol maker has invested in.
By Megan Poinski • June 17, 2021 -
Courtesy of ReGrained
ReGrained's flour earns Upcycled Food certification
Processed from spent grain used to make beer, the company said the product contains more fiber and protein than whole-grain flours, and uses less water to produce.
By Samantha Oller • June 17, 2021 -
Retrieved from Vita Coco on September 02, 2020
Vita Coco prices IPO below expected range at $15 per share
The beverage maker, which plans to list on the Nasdaq under the symbol COCO on Thursday, previously expected to offer its stock at between $18 and $21.
By Christopher Doering • Updated Oct. 21, 2021 -
Courtesy of Nestle
Pace of M&A, divestitures likely to increase in 2021, survey finds
Kearney said the financial stimulus, low interest rates, large cash stockpiles and strong equity markets have created a climate favorable for sellers.
By Christopher Doering • June 16, 2021 -
Courtesy of Two Trees
Alcohol maker Two Trees formed to tap into rapid-aging technology
The new company, a merger of three businesses, will use the controversial practice panned by industry traditionalists to make vodka, whiskey and other offerings.
By Lauren Manning • June 16, 2021 -
Motif FoodWorks closes $226M funding round
The plant-based ingredients company, which expects to get its first two offerings on the market this year, plans to use the funds for expansion and more R&D.
By Megan Poinski • June 16, 2021 -
Christopher Doering/Food Dive
Deep DiveMolson Coors' CEO has a bold plan to 'fundamentally change' the beer maker. But will it work?
As consumers turn to other beverages, Gavin Hattersley has moved aggressively into energy drinks, diet soda and tequila to revive his company's portfolio — all while combating challenges like COVID-19 and a security breach.
By Christopher Doering • June 15, 2021 -
Courtesy of Chobani
Chobani leans into demand for healthier foods with no-sugar yogurt
The dairy giant has expanded its portfolio during the past few years to include offerings that cater to hot trends in the food space such as probiotics and protein.
By Christopher Doering • June 14, 2021 -
Courtesy of Tyson Foods
Meatpackers fail to secure protection with new OSHA COVID-19 safety rule
The segment was instead issued optional guidance that includes staggering breaks and spacing unvaccinated workers — recommendations that a union leader said are "unenforceable" and place employees at risk.
By Christopher Doering • June 11, 2021 -
Courtesy of Cacao Barry
WholeFruit chocolate launches under Evocao label
Barry Callebaut's high-end sweet made only from cacao fruit is available to chocolatiers in limited quantities right now, but will be expanding next year.
By Megan Poinski • June 10, 2021 -
Jenny Evans via Getty Images
JBS USA is spending $130M to boost beef capacity amid growing demand
The world's largest meat producer also said it is doling out more than $150 million in annualized pay increases to workers across its nine U.S. beef plants.
By Christopher Doering • June 10, 2021 -
Permission granted by Tyson Foods
Tyson pledges to achieve net-zero emissions by 2050
The meat producer's initiatives include eliminating deforestation in its global supply chain and using 50% renewable energy in its U.S. operations by 2030.
By Lauren Manning • June 10, 2021 -
Courtesy of PepsiCo
PepsiCo to invest $200M in plant expansion as snack consumption surges
The investment in Frito-Lay's Rosenberg, Texas, facility will create 160 jobs and add two manufacturing lines for Funyuns and tortilla chips, as well as increase warehouse capacity.
By Christopher Doering • June 9, 2021 -
Joe Raedle via Getty Images
Taste is tops in consumers' yogurt priorities, survey finds
Nearly half of shoppers consider flavor a reason for buying the snack, with health benefits and nutrition also key, according to research from the International Food Information Council.
By Lauren Manning • June 9, 2021 -
Permission granted by Simulate
Simulate raises $50M to expand its plant-based chicken
The latest funding round, which will help it compete in an increasingly popular space, values the maker of Gen Z-styled Nuggs and Discs at more $250 million, according to Bloomberg.
By Megan Poinski • June 9, 2021 -
Paula Bronstein via Getty Images
Deep DiveMeat processors wrestle with worker shortages as US economy reopens from COVID-19
With protein demand soaring, companies like Tyson Foods are offering employees better benefits and flexible hours as they consider wider use of automation throughout their businesses.
By Christopher Doering • June 9, 2021 -
Christopher Doering/Food Dive
General Mills plans to cut up to 1,400 jobs worldwide, Star Tribune reports
The layoffs — which could include up to 800 jobs in the U.S. and Canada and up to 20% of positions at its corporate headquarters — were announced to employees last week in emails and virtual meetings, the paper reported.
By Megan Poinski • June 8, 2021 -
Permission granted by Better Meat Co
The Better Meat Co. unveils mycoprotein fermentation line
During the past three years, the company has been secretly developing a 13,000-square-foot plant where it can produce thousands of pounds each month of the protein, which can serve as a beef, chicken or seafood substitute.
By Megan Poinski • June 8, 2021
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