Corporate Operations: Page 85
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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 -
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 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 -
Courtesy of Amazon
Amazon unveils Aplenty, its newest private label food brand
The new line will soon include hundreds of sweet and salty snacks, frozen foods, baking mixes and standard pantry items in Amazon Fresh stores and online.
By Sam Silverstein • April 12, 2021 -
dusanpetkovic via Getty Images
Sponsored by SAPTyson Foods partners with SAP on global ERP vision
Hear from Tyson's VP of Business Integration on how the company consolidated different systems and assets from its recent acquisitions.
April 12, 2021 -
Courtesy of SnackMagic
SnackMagic raises $15M as profitable startup taps into snacking surge
The company, which started in May, plans to use the funding to support its expansion into other categories such as meal kits, alcoholic beverages and desserts.
By Christopher Doering • April 9, 2021 -
Courtesy of Impossible Foods
Impossible Foods preparing to go public with $10B valuation, Reuters reports
Speculation about when the plant-based meat company would hit the markets has been rampant for years, and the wire service says it is mulling either a traditional IPO or a SPAC deal.
By Megan Poinski • April 8, 2021 -
Permission granted by Mars Wrigley
New research finds a natural blue that could replace artificial colors
The discovery is the result of more than a decade of analysis funded by Mars and a multidisciplinary approach involving analytical chemistry, food science, biochemistry, synthetic biology, color science and computation.
By Megan Poinski • April 8, 2021 -
Food and environmental groups call on federal government to tackle food waste
With 40% of food produced in the U.S. lost or wasted, a proposed action plan would target $650 million annually to local organic waste recycling and reduction efforts.
By Maria Rachal • April 8, 2021
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