Corporate Operations: Page 82
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Courtesy of Nestle
ColumnLeftovers: Nestlé introduces LasagnaMac; Blue Diamond expands into baking mixes
The world's largest food company makes a mashup of two popular comfort foods in a limited-edition Stouffer's meal, while Keurig Dr Pepper's Crush soda flavors are featured in Bomb Pop popsicles.
By Food Dive staff • April 23, 2021 -
Adeline Kon/Food Dive
Deep DiveHow COVID-19 impacted the food business
In a four-part series, Food Dive examines how CPG sales and demand were influenced by the pandemic and what business could look like going forward.
By Megan Poinski • April 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 Barry Callebaut
Barry Callebaut CEO stepping down in October
Peter Boone, the chocolate company's president of the Americas since 2017, will replace Antoine de Saint-Affrique in September.
By Megan Poinski • April 22, 2021 -
Courtesy of International Flavors & Fragrances
IFF touts 'potential' of new company following $26.2B merger with DuPont unit
More than two months after the deal closed, the ingredients giant released unofficial sales numbers and explanatory videos to show the world its size and capabilities.
By Megan Poinski • April 22, 2021 -
Adeline Kon/Food Dive
Deep DiveWhy some food and drink companies lost sales during the COVID-19 pandemic
As consumers changed, they started looking at things to eat with a more critical eye, considering their health, well-being and wallets — and bringing declines in some categories.
By Megan Poinski • April 22, 2021 -
Retrieved from Post Holdings.
Anheuser-Busch to partner with Post to develop sustainable food
The products will use repurposed barley from EverGrain, a company backed by the beer giant, and oats with a negative carbon footprint from the cereal maker's Bright Future Foods.
By Christopher Doering • April 22, 2021 -
Courtesy of Clara Foods
Brewing eggs: AB InBev venture arm to help Clara Foods scale up animal-free protein
This partnership is the first for ZX Ventures' new BioBrew division, which will help precision fermentation companies make enough of their products to compete with those from traditional agriculture.
By Megan Poinski • April 21, 2021 -
Courtesy of Impossible Foods
CPG employment rebounded after early pandemic plunge, report says
The Consumer Brands Association said the industry lost about 170,000 jobs early on but recovered 125,000 of them by the end of the year, outpacing the broader economy.
By Lauren Manning • April 21, 2021 -
Courtesy of PepsiCo
PepsiCo to boost regenerative farming to 7M acres, equal to its entire agricultural footprint
CEO Ramon Laguarta said "a resilient food system is essential" to its business known for everything from Doritos and Quaker Oats to its namesake cola.
By Christopher Doering • April 20, 2021 -
Courtesy of Oatly
Oatly officially makes its IPO
The Swedish oat product company plans to sell $1.65 billion worth of shares at a maximum price of $17.
By Megan Poinski • Updated May 11, 2021 -
Courtesy of DouxMatok
DouxMatok launches first US product: Incredo Spreads
The hazelnut and chocolate blends, which have about half of the sugar and seven times the fiber of competitors, were designed to show consumers and manufacturers what the company's ingredient can do.
By Megan Poinski • April 20, 2021 -
Christopher Doering/Food Dive
Deep DiveCoca-Cola and PepsiCo proxy clash with activist investor over sugar hints at future skirmishes
The fight may be a prelude to more battles as shareholders seek greater influence in corporate America on issues such as politics, diversity, health and the environment.
By Christopher Doering • April 19, 2021 -
Courtesy of Hungry Planet
Post Holdings leads $25M funding round for Hungry Planet
The investment, which will enable the startup to scale its plant-based meat in retail, foodservice and e-commerce, marks an expansion of its partnership with the food giant.
By Samantha Oller • April 19, 2021 -
Permission granted by Mars, Incorporated
Mars, PepsiCo and McCormick join effort to tackle supply chain emissions
As part of a new coalition formed with consultancy Guidehouse, the companies will provide their suppliers with tools and resources to create their own reduction plans.
By Lauren Manning • April 18, 2021 -
Courtesy of Tru Colors
Molson Coors invests in brewery founded by gang rivals
The partnership with Tru Colors is not only a strategic investment but the latest in a series of actions by the beer maker to foster a more inclusive and diverse culture.
By Christopher Doering • April 16, 2021 -
"Rice Dream Drink, 8/2014, by Mike Mozart of TheToyChannel and JeepersMedia on YouTube. #Rice #Dream" by Mike Mozart is licensed under CC BY 2.0
Hain Celestial sells Dream and WestSoy to SunOpta for $33M
The nondairy beverages are the latest brands sold by the company as it streamlines its portfolio to concentrate on offerings with growth potential.
By Megan Poinski • April 16, 2021 -
Courtesy of Kellogg
ColumnLeftovers: Special K takes a chocolatey twist; Yogurt bar maker Clio adds a parfait option
Kellogg dips into indulgence as it releases a cereal with cocoa-dusted multigrain flakes, while bar maker Quest makes bite-sized treats with less than one gram of sugar.
By Food Dive staff • April 16, 2021 -
Courtesy of Fonterra
Fonterra's NZMP taps milk to help consumers manage stress, improve well-being
The New Zealand company is extracting lipids, proteins and other ingredients from the liquid to meet demand for these attributes, which have grown in popularity during the pandemic.
By Christopher Doering • April 15, 2021 -
Christopher Doering/Food Dive
Conagra incurs $15M in supply chain costs to keep up with demand
The company bypassed the distribution network it normally relies on and instead shipped directly from the plant or a single distribution center to the customers.
By Matt Leonard • April 15, 2021 -
Courtesy of Atlast Food Co
Atlast Food gets $40M for its bacon alternative
The company uses mushroom mycelium to create whole cuts of meat, and has founders of Applegate, Stonyfield and Whole Foods among its investors.
By Megan Poinski • April 15, 2021 -
Drew Angerer via Getty Images
Food is Gen Z's top spending priority, survey finds
Younger consumers are embracing healthier snacking and plant-based meat, a new Piper Sandler report shows, providing an opportunity for brands seeking to cater to this demographic.
By Lauren Manning • April 14, 2021 -
Hippeas picks former Annie's and PopCorners head as new CEO
The chickpea snack maker said CPG veteran Paul Nardone will focus on growing the brand's portfolio, expanding production and opening new channels of distribution.
By Christopher Doering • April 13, 2021 -
Adeline Kon/Food Dive
Deep DiveHow much of a boost did food companies get from COVID-19?
Publicly traded large CPGs had long been struggling with little or no sales growth because of shifting consumer preferences and challenger brands stealing market share. The pandemic changed all that.
By Megan Poinski • April 13, 2021 -
Deep DiveBy the numbers: How food sales during COVID-19 compare to the year prior
The pandemic's shutdown of food and drink away from home was a boon to some companies and a bane to others, according to data from earnings reports.
By Megan Poinski • April 13, 2021 -
Courtesy of Nestle
Nestlé adds Banza chickpea pasta to Life Cuisine offerings
The brand, which also is using cauliflower rice and spiralized zucchini, said 10 new varieties cater to popular trends such as high protein, meatless, gluten free and low carb.
By Christopher Doering • April 12, 2021
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