Corporate Operations: Page 84
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Courtesy of PepsiCo
Rockstar celebrates hustle mentality in first global marketing platform since PepsiCo acquisition
Three short films depict various people on the daily grind, while PepsiCo is promoting an overhaul to the energy drink's visual identity and packaging.
By Peter Adams • May 5, 2021 -
Retrieved from Pete and Gerry's on May 06, 2021
Butterfly acquires organic welfare-focused egg producer Pete and Gerry's
The acquisition, for an undisclosed price, adds another mission-driven organic company to the private equity firm's portfolio.
By Lauren Manning • May 5, 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
PepsiCo launches functional sparkling water drink Soulboost
The beverage brand, which includes ginseng and L-theanine as ingredients, is the latest offering by the CPG giant aimed at making consumers feel better.
By Christopher Doering • May 5, 2021 -
Courtesy of Tattooed Chef
Tattooed Chef to acquire Mexican food maker for $35M
The plant-based company is expanding into Hispanic and Southwest offerings with the purchase of New Mexico Food Distributors and Karsten Tortilla Factory.
By Lauren Manning • May 5, 2021 -
Permission granted by Greenleaf Foods
Lightlife cleans up all of its labels
After a year of reformulating, all 19 products under the Greenleaf Foods banner have ingredient lists that are recognizable to consumers, which the company considers a necessity for plant-based food.
By Megan Poinski • May 5, 2021 -
Impossible Foods' GMO plant-based heme received proper approval, court rules
The knock down of the Center for Food Safety's challenge of the ingredient may be a sign of how questions about bioengineered food will be handled in the future.
By Megan Poinski • May 4, 2021 -
Courtesy of Picky Bars
Laird Superfood acquires snack maker Picky Bars for $12M
This is the first portfolio addition for the plant-based company since its IPO last year, furthering its expansion into a new category.
By Samantha Oller • May 4, 2021 -
George Frey via Getty Images
Deep DiveAs inflation rages, food and beverage manufacturers pass higher costs on to consumers
Coca-Cola, Nestlé and General Mills are just a few of the CPGs to announce hikes as they face a jump in expenses for ingredients, manufacturing, packaging and transportation.
By Christopher Doering • May 4, 2021 -
Courtesy of Tyson Foods
Tyson expands Raised & Rooted offerings further into competitive plant-based market
The meat processing giant is debuting hamburger and sausages to grow the brand that previously had faux chicken nuggets and tenders on store shelves.
By Christopher Doering • May 3, 2021 -
Courtesy of PepsiCo
ColumnLeftovers: Smartfood and Krispy Kreme pop into a sweet mashup; Goldfish get spicy with Frank's RedHot
PepsiCo's popcorn brand finds indulgent inspiration in glazed doughnuts, and Piedmont Candy lightens up with low-sugar Thinful snack mixes.
By Food Dive staff • April 30, 2021 -
Chr. Hansen Natural Colors acquires Secna Natural Ingredients
The first deal since the company was purchased by a private equity firm brings a European provider of red and purple hues under its umbrella.
By Lauren Manning • April 29, 2021 -
Courtesy of Olam Food Ingredients
Olam to buy private label spice maker Olde Thompson for $950M
The acquisition gives the Asian company another asset in its Olam Food Ingredients portfolio, which it plans to IPO at the beginning of 2022.
By Megan Poinski • Updated April 30, 2021 -
Adeline Kon/Food Dive
Deep DiveAfter the pandemic, how is the food business likely to fare?
With recent growth rates likely to slow down, future success may depend on companies' plans to improve operations, innovate and prevent price increases.
By Megan Poinski • April 29, 2021 -
Courtesy of Beyond Meat
Beyond Meat set to return to plant-based chicken this summer, Bloomberg reports
Just two years after the faux meat maker pulled its frozen strips, the company is poised to reenter the retail category again, but this time with several large competitors.
By Christopher Doering • April 28, 2021 -
Courtesy of Oscar Mayer
Oscar Mayer introduces extensive brand refresh
Kraft Heinz is trying to revitalize the 138-year-old label as consumers reconsider legacy packaged food brands during the pandemic.
By Peter Adams • April 28, 2021 -
Agrifood tech companies raised $22.3B in funding in 2020, Finistere Ventures says
From e-commerce and biotech crops to meal kits and the supply chain, the firm said this space has experienced a CAGR of 50% in investments during the last decade, and more are likely to come.
By Megan Poinski • April 28, 2021 -
Courtesy of Waterdrop
Austria's waterdrop brings sustainable 'microdrinks' to the US
The company makes clean label cubes to be dissolved in reusable containers, with the goal of reducing single-use plastic waste.
By Lauren Manning • April 27, 2021 -
Jeff Wells/Food Dive
Private label growth poised to reignite in 2021
Following a year when national brands led growth, store brands could benefit from shifting consumer behaviors and omnichannel shopping, according to NielsenIQ and ingredients supplier Kerry.
By Jeff Wells • April 26, 2021 -
Once a trendy beverage, Jones Soda fights to convince skeptics it can ‘win again’
CPG veteran Mark Murray said the company known for its quirky flavors can "stop the bleeding" with the right leadership as it competes against PepsiCo, Coca-Cola and changing consumer habits.
By Christopher Doering • April 26, 2021 -
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 -
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
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