Corporate Operations: Page 80
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Courtesy of Bob Evans Farms
Bob Evans Farms debuts portable refrigerated egg products
The Post brand's microwaveable Egg Bites and Omelet Rolls are aimed at satisfying consumers' interest in healthy eating and convenience.
By Lauren Manning • June 7, 2021 -
Courtesy of Molson Coors
Molson Coors settles trademark case involving Vizzy hard seltzer
Terms were not disclosed, but Future Proof Brands, which sued the big brewer for trademark infringement, will no longer be producing its Brizzy drink.
By Megan Poinski • June 4, 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 Ready, Set, Food!
Food allergy prevention startup Ready, Set, Food raises $3.5M
Healthcare system Edward-Elmhurst Heath joined the round, which included more funding from Danone Manifesto Ventures and CPG-focused AF Ventures.
By Lauren Manning • June 4, 2021 -
Courtesy of Nestlé
ColumnLeftovers: DiGiorno celebrates National Donut Day with a pizza twist; General Mills' cold cereals get hot
Nestlé's latest mashup adds mozzarella and tomato sauce to doughnuts, while a startup offers a sweet way to wake up or settle down with functional chocolate bars.
By Food Dive staff • June 4, 2021 -
Retrieved from Mondelez.
Mondelēz to divest Trident, other gum brands in developed markets
The snacking giant said it is reshaping its portfolio with a goal of generating 90% of its revenue from chocolate and biscuits.
By Christopher Doering • Updated May 10, 2022 -
Courtesy of Nayeli Reyes Cuentos Culinarios for Tate & Lyle
Tate & Lyle leaders outline potential company split
The British company best known for sweetener innovation seems likely to divest its division handling corn syrup, acids and non-human food to a majority investor, but no deal has yet been made.
By Megan Poinski • June 3, 2021 -
Permission granted by Sensient
Deep DiveBig Food hit pause on switching to natural colors. What will it take to make the shift?
Manufacturers point to a lack of consumer demand for swapping out artificial colors in brightly hued foods, but new research — and legislation — may force their hands.
By Megan Poinski • June 3, 2021 -
Sean Gallup via Getty Images
Proteins in milk and mealworms have similar positive attributes, study finds
Researchers at Maastricht University found they perform the same when it comes to digestion, absorption and the ability to stimulate muscle growth.
By Lauren Manning • June 3, 2021 -
Permission granted by Tyson Foods
Tyson Foods names COO King to top post as CEO steps down
Company veteran Donnie King will replace Dean Banks, who is leaving for personal reasons. Banks was in the role for eight months after becoming CEO last October.
By Christopher Doering • Updated June 2, 2021 -
Courtesy of Quorn
Quorn will expand chicken alternative products in US
Following parent company Monde Nissin's $1 billion IPO in the Philippines, company execs told Bloomberg and Reuters they plan to spend $335 million to grow the fermented protein brand, especially at fast food restaurants.
By Megan Poinski • June 2, 2021 -
Courtesy of Post Consumer Brands
Post buys TreeHouse Foods' ready-to-eat cereal business for $85M
This is the second time the two companies have agreed to a deal. A previous pact was terminated in January 2020 after the FTC challenged it because of antitrust concerns.
By Christopher Doering • Updated June 2, 2021 -
Mark Wilson via Getty Images
OpinionReady to sell: How CPG brands can ensure a successful exit strategy
When it comes time to divest, founders should heed these four factors to create an attractive package, writes Josh Wand of ForceBrands and Pinata.
By Josh Wand • June 1, 2021 -
Permission granted by McCormick
ColumnLeftovers: Frank's RedHot heats up summer with cicada cookbook; Milk Bar ice cream hits freezer section
The McCormick-owned hot sauce maker creates digital recipes featuring the red-eyed insects, while Keebler and Girl Scouts partner to make Thin Mints-dipped cones.
By Food Dive staff • May 28, 2021 -
Courtesy of Terviva
Danone partners with upstart to create food derived from the pongamia tree
Terviva's deal with the French CPG giant could provide a major boost for ingredients extracted from the plant that it says is more sustainable than other oilseed crops, such as palm and soy.
By Christopher Doering • May 27, 2021 -
Permission granted by Unilever
Unilever partners with fermented protein provider to bulk up plant-based alternatives
The Europe-based company's agreement with Enough will add new mycoprotein ingredients as a way to further its goal of increasing sales of animal-free products.
By Megan Poinski • May 27, 2021 -
Courtesy of Diageo
Diageo launches DEI initiative to boost Black community in spirits industry
A new partnership seeks to generate $2 billion in economic value in the U.S. by supporting incipient brands and businesses.
By Chris Kelly • May 26, 2021 -
Courtesy of Bowery
Vertical farming company Bowery raises $300M, valuing firm at $2.3B
Investors have poured hundreds of millions of dollars into indoor agriculture as demand for freshly grown, locally produced offerings has soared among consumers.
By Christopher Doering • May 25, 2021 -
Courtesy of General Mills
General Mills shuffles execs as part of restructuring
At least five high-profile moves have happened as part of the company's Accelerate strategy for growth, with two new executive positions created and at least two eliminated.
By Megan Poinski • May 25, 2021 -
Permission granted by Kodiak Cakes
Kodiak Cakes purchased by private equity firm L Catterton
The pancake and waffle manufacturer is the latest small company to get acquired in recent months as investors cash in on the growth of better-for-you food offerings.
By Christopher Doering • May 25, 2021 -
Courtesy of Takis
Takis expands further into snacking with 4 new products
In addition to the Hot Nuts it debuted in October, the spicy brand loved by younger consumers is launching popcorn, potato chips, corn sticks and cheesy snacks.
By Barbara Smith , Thai Phi Le • May 25, 2021 -
Courtesy of Ferrara
Ferrara and Utz partner on sweet and salty snack multipacks
Debuting in January 2022, the variety packs will provide both companies with exposure to new segments and introduce their brands to more consumers.
By Lauren Manning • May 24, 2021 -
Courtesy of Better Brand
Better Brand seeks to improve bagels with low-carb launch
The new company, with baked goods developed through a proprietary process, raised $1.2 million in February and plans to launch its first product this week.
By Megan Poinski • May 24, 2021 -
Courtesy of Vital Farms
PETA-affiliated lawsuit accuses Vital Farms of lying about ethical treatment
The class-action lawsuit claims consumers were duped into paying more for products from the pasture-raised egg company, which the plaintiffs say does not treat its hens humanely.
By Megan Poinski • May 21, 2021 -
Courtesy of Oatly
Oatly CEO sees a long runway for growth on its Wall Street debut
As the Sweden-based company with a valuation of $10 billion enters the markets, Toni Petersson plans to add more manufacturing capacity to meet the global demand for oat milk.
By Megan Poinski • May 20, 2021 -
eldinhoid via Getty Images
Consumers are more confident about healthy eating as pandemic impacts wane, study says
The International Food Information Council's 16th annual report on consumer attitudes and priorities found some predictable shifts and some surprises.
By Megan Poinski • May 19, 2021
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