Corporate Operations: Page 83
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Retrieved from Daring.
Plant-based chicken maker Daring raises $40M in latest funding round
The investment will be used to hire new employees, increase its retail presence and provide capital for product development.
By Lauren Manning • May 19, 2021 -
Courtesy of Eat Just
Eat Just cultured chicken investment increases to $267M
The additional $97 million gives the company's Good Meat arm the largest funding round to date in the cell-based meat space, as former USDA Secretary Dan Glickman joins the division's advisory board.
By Megan Poinski • Updated Sept. 20, 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 -
Retrieved from Lily's.
Hershey to buy low-sugar confectionery brand Lily's
The startup's products, which include chocolate bars, baking chips and peanut butter cups, will complement the candy giant's better-for-you snacking strategy.
By Christopher Doering • May 18, 2021 -
Courtesy of Kind
Bar giant Kind moves into fast-growing plant-based ice cream
The frozen space is one of six new categories Kind has entered during the past year as it moves beyond its core bars to become a broader snacking company.
By Christopher Doering • May 18, 2021 -
Permission granted by Above Food
From pot to plant-based food: Bruce Linton talks about his newest venture
In his new position with Canada's Above Food, the Canopy Growth founder has trained his eye on another industry to disrupt and plans to use the power of hemp to make a difference.
By Megan Poinski • May 17, 2021 -
Courtesy of Danone
Danone picks Barry Callebaut's de Saint-Affrique as its CEO
The seasoned food executive will take the top job at the Activia yogurt maker as it deals with activist investors, a portfolio review and stiff competition for many of its top brands.
By Christopher Doering • May 17, 2021 -
Permission granted by American Heart Association
Sponsored by American Heart AssociationExclusive: Q+A with American Heart Association's Dr. Eduardo Sanchez
Improving the health of the food system is no easy task, but creating a health-promoting food system is more important than ever.
May 17, 2021 -
Adeline Kon/Food Dive
Operations meets marketing: Kraft Heinz's Ops Center breaks silos to tackle supply chain challenges
Collaboration between marketing and supply chain helped the manufacturer cut its SKU portfolio further and faster.
By Jen A. Miller • May 14, 2021 -
Retrieved from Coca-Cola.
Coca-Cola to discontinue sales of Coca-Cola Energy
The beverage giant said the decision to end sales in North America comes as it focuses its attention on other innovations such as Aha and its classic soda with coffee.
By Christopher Doering • May 14, 2021 -
Courtesy of Kellogg
Leftovers: Cheez-It takes the cake; Lay's turns up the heat with summer flavors
The sweet treat, to be sold in limited quantities, contains an entire box of Kellogg's popular cheese cracker, and Can-O-Que packages BBQ sauce made with beer in a can.
By Christopher Doering • May 14, 2021 -
Courtesy of Del Monte
Del Monte Foods taps into the popularity of bubble tea with its first retail offering
Its new product, Joyba Bubble Tea, builds on the success of the company's popular fruit cups that also use popping boba.
By Christopher Doering • May 13, 2021 -
Permission granted by Motif Foodworks
Motif FoodWorks gets access to plant-based meat and cheese texture enhancers
The company has gained exclusive use of the technology through its ongoing partnership with the University of Guelph and tech company Coasun.
By Megan Poinski • May 13, 2021 -
Permission granted by Canteen Spirits
Anheuser-Busch signs distribution agreement for Canteen Spirits RTD cocktails
AB InBev's innovation arm ZX Ventures also invested an undisclosed amount in the company that makes canned drinks with vodka and tequila.
By Lauren Manning • May 13, 2021 -
Courtesy of Upside Foods
Memphis Meats becomes Upside Foods as it pivots to a consumer focus
The world's first company dedicated to cell-based meat hopes to have chicken products approved and available by the end of this year.
By Megan Poinski • May 12, 2021 -
B&G Foods taps former JDE Peet's head as CEO
Kenneth "Casey" C. Keller, who led last year's merger of the two coffee companies and the subsequent IPO, will take his position on June 14.
By Megan Poinski • May 12, 2021 -
Courtesy of Nestle
Nestlé's Sweet Earth moves into snacking aisle with plant-based jerky
The offering will move the brand beyond burritos, bowls, pizzas and burgers and put it further into direct competition with Krave and Conagra's Gardein.
By Christopher Doering • May 12, 2021 -
Megan Poinski/Food Dive
Utz to buy chip supplier for $41M in move to cut costs and grow its brands
The acquisition of Festida Foods will improve production of the recently acquired On The Border brand while helping the company's expansion efforts in the Midwest.
By Christopher Doering • May 11, 2021 -
Permission granted by Vital Farms
Vital Farms targets convenience for the pandemic consumer with new Breakfast Bars
The second finished product for the publicly traded pasture-raised egg company goes on sale at Whole Foods and other retailers in August.
By Megan Poinski • May 11, 2021 -
Retrieved from Nuun.
Nestlé buys healthy sports hydration brand Nuun
The purchase is the latest move by CEO Mark Schneider to turn the Switzerland-based food giant into a leading brand in personal health and nutrition. Terms of the deal were not disclosed.
By Christopher Doering • May 11, 2021 -
Courtesy of Mondelez
From keto doughnuts to kelp, Mondelez aims to accelerate growth in well-being snacking
The inaugural class for its SnackFutures' CoLab includes entrepreneurs making everything from allergy-friendly and low-sugar offerings to plant-based crisps and vitamin-infused candy.
By Christopher Doering • May 10, 2021 -
Courtesy of Chobani
Chobani launches first-ever Fair Trade Certified yogurts
The CPG company and Fair Trade USA collaborated to build a platform for other dairy providers to work toward getting the seal on their own products.
By Lauren Manning • May 7, 2021 -
Courtesy of AriZona Beverages
ColumnLeftovers: Arizona Beverages puts a stake in ground coffee; Honest Tea warms up to yerba mate
The ready-to-drink iced tea maker sees potential in price-sensitive, small-batch roasts, and MadeGood enters the savory space with Star Puffed Crackers.
By Food Dive staff • May 7, 2021 -
Permission granted by Olam
Spice use to remain robust after COVID-19 as trends buoy demand, Olam executive says
While the rate of growth will ease, cooking at home, summer grilling and consumer interest in new flavors will push the category higher — and test the supply chain.
By Christopher Doering • May 6, 2021 -
Permission granted by Ferrara
Ferrara relaunches fruit snack brand to 'reinvigorate' the offering
The company is reintroducing the product under the name Funables and making changes to the ingredients and package design in an effort to boost stagnant sales.
By Christopher Doering • May 6, 2021 -
Permission granted by Ingredion
Ingredion partners with Amyris to offer its fermented Reb M sweetener
The companies also agreed to develop sustainably sourced, zero-calorie, nature-based sweeteners and potentially other types of fermentation-based food ingredients.
By Christopher Doering • May 6, 2021
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