Corporate Operations: Page
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Courtesy of J.M. Smucker
Jif recall may cost Smucker $125M
Salmonella contamination in products from the company’s largest peanut butter plant triggered a massive recall last month, which could subtract about 2% from total sales, the jam maker said.
By Megan Poinski • June 8, 2022 -
Permission granted by Eat the Change
Jilted by Coca-Cola, Honest co-founder plans new RTD tea launch
Just two weeks after the beverage giant announced it would discontinue the line in 2022, Seth Goldman said his yet-to-be named drink would have the same values and similar recipes.
By Christopher Doering • June 6, 2022 -
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 -
Justin Sullivan via Getty Images
Monster leans on US can sourcing to lower freight costs
The beverage maker imported more of the packaging last year to meet demand, but it came at a price.
By Alejandra Carranza • June 6, 2022 -
Courtesy of Molson Coors
Molson Coors is spending $65M to bring more hard seltzer packaging in-house
The producer of Topo Chico Hard Seltzer and Vizzy said the investment in a new Texas warehouse will alleviate shipping costs and improve its time to market while helping grow its beyond-beer offerings.
By Christopher Doering • June 6, 2022 -
Getty Images
Why the chicken executive price-fixing case is a priority for prosecutors
As the unusual third trial of leaders at Pilgrim's Pride and Claxton Poultry Farms begins, the Department of Justice is doubling down on its strategy of holding those in charge accountable for corporate misdeeds.
By Megan Poinski , Chris Casey • June 6, 2022 -
Courtesy of Beyond Meat
Beyond Meat accused of unfair competition because of misleading claims in new lawsuit
The federal lawsuit is the latest attack on the company from former co-manufacturer Don Lee Farms, which says its publicly traded competitor overstates its protein content and incorrectly says its ingredients are natural.
By Megan Poinski • June 3, 2022 -
Sean Gallup via Getty Images
Food supplier cyber risk spreads 1 year after JBS attack
Multiple cyberattacks have hit the industry during the past year and the FBI recently warned the sector could be a prime target.
By Matt Kapko • June 2, 2022 -
Christopher Doering/Food Dive
Beer drinkers clinging to higher-priced brews as inflation rages, Molson Coors CEO says
In an interview, Gavin Hattersley said price increases for the alcoholic beverage are trailing those hitting gas and other food categories, making it an affordable offering for many people.
By Christopher Doering • June 2, 2022 -
Matthew Stockman/Getty via Getty Images
JBS units agree to infectious disease plan in OSHA settlement
The workplace safety agency also fined the meat processing company $14,502 after finding facilities in Colorado and Wisconsin did not do enough to protect workers.
By Christopher Doering • June 1, 2022 -
Permission granted by Unilever
Activist Nelson Peltz to join Unilever board
The investor, whose group owns a 1.5% stake in the European CPG giant, has a track record of pushing large food companies to split off less profitable divisions.
By Megan Poinski • May 31, 2022 -
Permission granted by Tate & Lyle
Sweegen declares victory in stevia patent case, but PureCircle will appeal
This is the final case that the once-litigious stevia grower, now owned by Ingredion, filed against a competitor.
By Megan Poinski • Updated May 26, 2022 -
Courtesy of Edelman
Flying ice cream? Unilever links with drone delivery service Flytrex
The CPG giant is looking to scoop up more customers for its virtual storefront with delivery in under three minutes and exclusive product bundles.
By Catherine Douglas Moran • May 26, 2022 -
Spencer Platt via Getty Images
Sabra sees double-digit loss in sales and market share after hummus plant closure
The dip maker is working to boost production after a voluntary recall over salmonella contamination forced the facility to close and implement new safety measures.
By Samantha Oller • May 26, 2022 -
Courtesy of Bowery Farming
How Bowery Farming is growing the indoor agriculture space
The vertical farming company opened its largest farm in Pennsylvania this week, with two more facilities, more technology and new crops on the way.
By Megan Poinski • May 26, 2022 -
Courtesy of Eat Just
Eat Just announces plans for commercial-scale cell-based meat facility
The cultivated meat maker entered an agreement with biotech process engineering company ABEC, which will build 10 bioreactors for the plant. The company says it will be able to make 30 million pounds of product annually.
By Megan Poinski • May 25, 2022 -
Getty Images
General Mills to sell Helper, Suddenly Salad for $610M
Eagle Foods, known for its sweetened condensed milk, will buy the two brands. The transaction could help both companies expand in growing categories.
By Chris Casey • May 25, 2022 -
Scott Olson via Getty Images
Oatly selects top candidate for next CEO, WSJ reports
Incoming president Jean-Christophe Flatin is likely in line to replace Toni Petersson, who has led the oat milk giant since 2012, sources told the publication.
By Samantha Oller • May 25, 2022 -
Courtesy of Boston Beer
Boston Beer moves into cannabis-infused iced teas
Each can of TeaPot contains five milligrams of THC and will be available in some Canadian provinces in July.
By Christopher Doering • May 24, 2022 -
Coca-Cola to discontinue its Honest teas line in late 2022
The company plans to continue producing the "quickly growing" Honest Kids juice offering while prioritizing the expansion of its Gold Peak and Peace Tea brands.
By Christopher Doering • May 24, 2022 -
Getty Images
Deep DiveWhat's standing in the way of a circular food packaging economy?
As CPGs test new bottle and wrapper prototypes and set goals to cut virgin plastic use, critics warn roadblocks could trip up their progress.
By Chris Casey • May 24, 2022 -
Scott Olson via Getty Images
Hershey adds distribution centers to boost capacity ahead of Halloween
Three new facilities will help the chocolate maker meet demand it hasn't been able to fulfill.
By Alejandra Carranza • May 23, 2022 -
Getty Images
Consumers wrestle with shortages, sticker shock in the grocery aisle
The combination of hard-to-find food items and higher prices is opening a window of opportunity for private label brands, according to Morning Consult research.
By Chris Casey • May 20, 2022 -
Permission granted by Evo Foods
Ginkgo Bioworks partners with Evo Foods on animal-free eggs
The U.S. biotech company will offer its scientific expertise in precision fermentation to help the Indian plant-based CPG create an ingredient to use in its products.
By Megan Poinski • May 19, 2022 -
Courtesy of Benson Hill
Cargill to build soybean processing facility to meet rising oilseed demand
The company plans to break ground on the plant early next year and expects it to be operational in 2026. Once completed, the new structure will create about 45 full-time positions.
By Christopher Doering • May 19, 2022 -
Permission granted by Dippin' Dots
Dippin' Dots to be acquired by Icee owner J&J Snack Foods for $222M
The snack maker said the purchase will complement its existing frozen business and leverage its expertise to grow the ice cream brand and enter new markets.
By Christopher Doering • May 19, 2022
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