Corporate Operations: Page 85
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Courtesy of Honest to Goodness
Danone debuts Honest to Goodness creamer with locally sourced ingredients
The plant-based offering prioritizes transparent farming practices and supports the communities that provide its organic sugar, coconuts, fava bean protein and salt.
By Barbara Smith • March 15, 2021 -
Christopher Doering/Food Dive
ADM agrees to pay $45M to settle price-fixing allegations in peanuts, WSJ reports
The settlement comes as consumption of the popular legume reached an all-time high of 7.6 pounds per person in 2020, even as the price paid to farmers has stayed around 21 cents for years.
By Christopher Doering • March 12, 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 Suzette Plumley
ColumnLeftovers: Califia Farms brings mushrooms to plant milks; Dunkin' adds a coffee jolt to jelly beans
The plant-based dairy company adds fungi and hemp options to its lineup, and Laughing Cow celebrates its birthday with a sweet spin in cake icing.
By Food Dive staff • March 12, 2021 -
"Woman in Yellow Tshirt and Beige jacket Holding a Fruit Stand" by Anna Shvets is licensed under CC BY 1.0
M&M's leads CPG brands on DTC strategy as more shopper dollars shift online
A mix of engaging content, product personalization and clear loyalty offerings put Mars at the front of the pack, according to Forrester.
By Peter Adams • March 12, 2021 -
Courtesy of General Mills
General Mills' Pillsbury adds ready-to-eat cookies to its lineup
The brand is entering the pre-baked cookie segment for the first time in more than 150 years, as consumers gravitate to sweet treats during the pandemic.
By Samantha Oller • March 11, 2021 -
Permission granted by Clara Foods
Clara Foods unveils first animal-free pepsin for commercial use
The enzyme, which is being distributed by Ingredion, offers the same functionality as the pig-derived variety. It also provides a vegan option with greater price stability and sustainability.
By Barbara Smith , Samantha Oller • March 11, 2021 -
Permission granted by Benson Hill
Cargill invests $475M to increase soy processing capacity as demand surges
The food processor is making its facilities more efficient and expanding operations to capitalize on increasing consumption due to population growth and plant-based eating.
By Lauren Manning • March 11, 2021 -
Courtesy of Oishii
Vertical farming startup Oishii raises $50M to grow strawberries
The company uses bees to cultivate the berries indoors, which is notoriously difficult due to the fruit's pollination needs and cultivation timeline.
By Lauren Manning • Updated March 12, 2021 -
Hormel, Tyson and Smithfield among those accused in pork price-fixing scheme
Sysco said the companies, which control 80% of the wholesale pork market, caused the food distributor to pay more than it otherwise would have for the meat.
By Christopher Doering • March 10, 2021 -
Retrieved from Hebrew National.
Conagra may sell Hebrew National, other brands to JBS for $700M, WSJ reports
A deal with the beef, pork and poultry processor, which is likely weeks away, also could include Egg Beaters and Odom's Tennessee Pride.
By Christopher Doering • March 10, 2021 -
Retrieved from Lone River Ranch Water on March 10, 2021
Diageo acquires maker of premium hard seltzer Lone River Ranch Water
The alcohol beverage giant is pursuing an M&A strategy adding premium brands to its lineup to keep pace with consumers' growing preference for quality offerings.
By Lauren Manning • March 9, 2021 -
Retrieved from Danone.
Danone settles Nestlé suit over packaging design for its Silk creamer
The food giants told a judge they resolved the dispute, according to Bloomberg Law. No details of the agreement were released.
By Christopher Doering • Updated Nov. 16, 2021 -
USDA/FPAC photo by Preston Keres. (2020). "20200512-FPAC-PLANTING-014.JPG" [photograph]. Retrieved from Flickr.
Danone and Ingredion commit to sustainable agriculture and water use
The dairy and ingredients giants are embracing new goals that will impact more than 1 million total acres of land as part of the Ceres and World Wildlife Fund AgWater Challenge.
By Barbara Smith , Samantha Oller • March 9, 2021 -
Courtesy of Kind
Kind debuts frozen breakfast smoothie bowl as consumers flock to the morning meal
The product marks the latest development in a period of rapid expansion for the company, which has moved into frozen, refrigerated, chocolate, energy bars and snack mixes since the start of 2020.
By Christopher Doering • March 9, 2021 -
Permission granted by Kind Healthy Snacks
VMG Partners raises $850M for new growth fund
The private equity firm has bet on a number of startups that grew into major brands, including Kind, Bare Snacks, Daily Harvest and Pirate Brands.
By Lauren Manning • March 8, 2021 -
Permission granted by Mondelez International
Mondelez targets new plastic use in packaging
The snacks giant, which aims to reduce use of the virgin material in its packaging portfolio by 2025, has also called for a "reasonable" federal recycling scheme for flexible films.
By Barbara Smith • March 7, 2021 -
Courtesy of Nestle
Nestlé buys functional beverage maker Essentia Water
The purchase comes just two weeks after the CPG giant sold its North American bottled water business to private equity firms for $4.3 billion to focus on premium offerings in the category. Financial details were not disclosed.
By Christopher Doering • March 5, 2021 -
Courtesy of Hershey
ColumnLeftovers: New Reese's cups double down on peanut butter; Follow Your Heart boldly enters baking
Hershey's beloved brand makes a chocolate-free variety, and Halo Top pops into a new category with a less-sugary treat.
By Food Dive staff • March 5, 2021 -
Courtesy of Canopy Growth
Canopy Growth to sell CBD-infused sparkling water online in US
The cannabis producer told CNBC it plans to bring the Quatreau brand to store shelves in 2021, though it did not say when the debut would take place.
By Christopher Doering • March 4, 2021 -
B&G Foods' sales growth slowed because of inflation and shortages
Green Giant sales were flat because a poor growing season and pandemic-heightened demand have reduced the amount of product the company can make.
By Megan Poinski • March 4, 2021 -
Courtesy of Forager Project
Danone-backed Forager Project launches line of plant-based cheeses
The family-owned business is the latest company to enter the increasingly crowded segment where large CPGs and smaller startups already have products on the market.
By Lauren Manning • March 3, 2021 -
Courtesy of Snow Days
New frozen snack brand seeks to replicate the joy of Snow Days
Launched under the HumanCo platform by entrepreneur and businessman Jason Karp, the new pizza bites line is better-for-you, gluten free, organic — and aims to shake up the comfort food segment.
By Megan Poinski • March 3, 2021 -
Hershey unveils new goals to address climate change
The confectionary and snacks company aims to reduce its direct and indirect emissions and make 100% of its plastic packaging recyclable, reusable or compostable by 2030.
By Barbara Smith • March 3, 2021 -
Post settles sugary cereal lawsuit for $15M and agrees to drop health-focused label claims
The cereal maker will stop using terms including "no high fructose corn syrup," "less processed," "wholesome," "smart" and "nutritious" on products with at least 10% of calories coming from the sweetener.
By Lauren Manning • March 2, 2021 -
Danone board ousts CEO, chairman amid pressure from activists
The immediate departure of Emmanuel Faber comes as critics question the yogurt and bottled water company's strategy and languishing share price.
By Christopher Doering • Updated March 15, 2021
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