Corporate Operations: Page 80
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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 -
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 PepsiCo
Frito-Lay bucks the trend of supply chain simplification
The snack brand is embracing complexity, which demands a supply chain that's primed for efficiency.
By Shefali Kapadia • July 22, 2021 -
Ben & Jerry's butts heads with Unilever over brand's presence in Israel
The clash speaks to the potential limits of marketing consumer brands around divisive social causes, particularly at a time when such issues are in the international spotlight.
By Peter Adams • July 21, 2021 -
Courtesy of Quinn
Snack maker Quinn secures $10M to fuel growth and innovation
The maker of popcorn and other offerings, which counts Hershey as an investor, has benefited from its focus on sustainability, transparency, traceability and the popularity of snacking.
By Christopher Doering • July 21, 2021 -
How will plant-based chicken impact traditional poultry?
The industry has been largely silent about threats the analogs may pose, with some poultry companies even dabbling in alternative products.
By Megan Poinski • July 21, 2021 -
Courtesy of Daring Foods
Deep DiveWhy chicken is taking over plant-based meat
With Beyond Meat and Impossible Foods entering the space and new options filling freezer cases, the potential for the poultry analog suddenly seems limitless.
By Megan Poinski • July 20, 2021 -
Retrieved from RXBar.
Kellogg's RX brand launches protein-rich cereals
The move into better-for-you cereal marks the latest in a series of extensions that has included kid snacks, nut butters and oats.
By Lauren Manning • July 20, 2021 -
Courtesy of Nature's Fynd
Nature's Fynd closes $350M investment round
The fermented protein company will use the funds to accelerate growth, with plans for a wide-scale 2022 product launch.
By Megan Poinski • July 19, 2021 -
Courtesy of Impossible Foods
Impossible Foods plans to debut chicken nuggets this fall
The plant-based company will introduce prototypes at a trade show this week, and told Bloomberg it is eyeing a launch in foodservice, then retail.
By Megan Poinski • July 16, 2021 -
Courtesy of Kraft Heinz
ColumnLeftovers: Kraft Macaroni & Cheese enters the ice cream aisle; Coors Light crafts a game-winning brew
The food company partners with Van Leeuwen to mix together two iconic comfort foods, and Johnsonville turns sausage into bacon-like strips.
By Food Dive Staff • July 16, 2021 -
Mark Wilson via Getty Images
Rising costs a top concern of food and beverage leaders, survey finds
A recent jump in commodity and delivery expenses ranked among the leading issues for industry executives, while healthier and plant-based options offer growth potential, according to a report by Mazars.
By Samantha Oller • July 15, 2021 -
Courtesy of Tate & Lyle
Tate & Lyle sells controlling stake of corn-based products arm to private equity
The British company will retain the division that makes alternative sweeteners, texturizers and soluble fibers, but still receive some of the proceeds from the commodity business that will be run by KPS Capital Partners.
By Megan Poinski • July 15, 2021 -
Scott Olson via Getty Images
Boston Beer and Beam Suntory launch Sauza Agave Cocktails
The beverages, created through a partnership to bring several of their products into the fastest-growing beverage alcohol segments, is the tequila brand's first RTD offering.
By Christopher Doering • Updated March 16, 2022 -
Matthew Stockman via Getty Images
JBS USA latest food maker to tie environmental performance goals to executive pay
The meat processor, while avoiding specifics on the commitment, joins other CPGs such as Unilever and Danone that have made similar pledges.
By Christopher Doering • July 15, 2021 -
Courtesy of Oatly
Oatly accused by short seller of overstating revenue and sustainability efforts
Spruce Point Capital's 124-page report says it believes the Swedish company will never be profitable and that its stock could be 70% overvalued.
By Christopher Doering , Megan Poinski • July 14, 2021 -
Courtesy of Future Meat Technologies
Nestlé works with Future Meat Technologies to explore cell-based meat's potential
The announcement stops short of disclosing any guarantees of product development between the two companies.
By Megan Poinski • July 14, 2021 -
Barry Brecheisen via Getty Images
PepsiCo says it's grabbing market share from Coca-Cola, smaller players
CFO Hugh Johnston told CNBC the beverage giant is seeing strong demand for classic brands like Pepsi and Tropicana and new offerings like Mtn Dew Rise Energy.
By Christopher Doering • July 13, 2021 -
Courtesy of Coca-Cola
Coca-Cola changes taste of Zero Sugar to be more like Coke
The flavor, which was achieved by tweaking the ingredient mix, also includes a new package design. The product will start hitting U.S. shelves this month.
By Christopher Doering • July 13, 2021 -
Courtesy of Smithfield Foods
Smithfield Foods names its second CEO in less than a year
Company veteran Shane Smith will assume the top role at the pork processor. He takes over immediately for Dennis Organ, who is stepping down for personal reasons.
By Christopher Doering • July 12, 2021 -
Alex Wong via Getty Images
Biden plans to crack down on meat price fixing
As prices for consumers climb, a White House blog post runs down the initiatives the administration is pursuing to level the playing field.
By Megan Poinski • Updated Sept. 8, 2021 -
Permission granted by General Mills
ColumnLeftovers: Yoplait offers a taste of the Skittles rainbow; PB&J 'Candwiches' make their vending debut
General Mills puts Mars' popular candy into its latest yogurt mashup, while NuttZo takes a stab at a better-for-you chocolate spread.
By Food Dive staff • July 9, 2021 -
Courtesy of BlueTriton Brands
Water bottler BlueTriton names former J&J, Procter & Gamble exec as CEO
Jorge Mesquita will oversee brands such as Poland Spring and Deer Park, which were purchased earlier this year from Nestlé for $4.3 billion.
By Lauren Manning • July 9, 2021 -
Retrieved from Molson Coors.
Molson Coors ending production of Coors Seltzer, Brewbound reports
The discontinuation of the product allows the beverage giant to focus its efforts in the category on more promising brands such Topo Chico Hard Seltzer and Vizzy.
By Christopher Doering • July 9, 2021 -
Courtesy of Mars Wrigley
Chewing gum sales see post-pandemic bump
As mask-wearing mandates expired this spring, consumers in seek of fresher breath triggered a category revival after years of decline.
By Samantha Oller • July 8, 2021
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