Corporate Operations: Page 86
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Ingredion and Kemin make deals boosting presence in clean label offerings
The purchases of KaTech and Proteus mark the latest acquisitions in the ingredients space as companies aim to respond to changing consumer trends.
By Lauren Manning • April 7, 2021 -
Courtesy of Good Catch
Gathered Foods nets $26.35M
Global agricultural commodities firm Louis Dreyfus Company is a new investor, with funds for plant-based seafood brand Good Catch to innovate, expand and move into more international markets.
By Megan Poinski • April 7, 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 Molson Coors
Molson Coors debuts organic beer
To market its new low-calorie Coors Pure, the company held a race in Central Park where consumers could scan QR codes worn by pro runners to get a rebate for a 12-pack.
By Peter Adams • April 7, 2021 -
Courtesy of Endless West
Molecular spirit maker Endless West raises $21M
The company, which reverse engineers alcoholic beverages and replicates them from their molecules, will use the funds to increase R&D and distribution, as well as accelerate its B2B platform.
By Megan Poinski • April 7, 2021 -
Retrieved from Nestle on October 18, 2018
Many at-home trends adopted during COVID-19 to remain after pandemic, Nestlé says
A survey commissioned by the CPG giant found 48% of respondents are likely to have their first cup of coffee at home before work, and more than a third are likely to bring a frozen meal for lunch.
By Christopher Doering • April 6, 2021 -
Courtesy of Brynwood Partners VIII LP
Brynwood Partners acquires frozen breakfast food maker De Wafelbakkers
With the pandemic leading to an increase in home cooking, the pancake, waffle and French toast manufacturer makes an appealing addition to the private equity firm's portfolio.
By Lauren Manning • April 5, 2021 -
Opinion
How Tyson is rethinking the online shopping experience for fresh meat
The COVID-19 pandemic has accelerated consumers' use of e-commerce to buy food. The fresh meat company is leveraging tech to improve the occasion, writes Jennifer Fitting, director of e-commerce for Tyson Foods.
By Jennifer Fitting • April 5, 2021 -
Permission granted by Anheuser-Busch
Anheuser-Busch invests $100M to upcycle barley used to make beer
The company's subsidiary EverGrain will scale up production of the saved grain on the brewer's St. Louis campus and is currently in discussion with "all the major CPGs" to use it.
By Christopher Doering • April 1, 2021 -
Courtesy of White Claw Hard Seltzer
White Claw, a brand built on social buzz, focuses on fans in first global campaign
Improvised moments animate the effort that looks to shore up White Claw's place at the top of an increasingly crowded hard seltzer category.
By Peter Adams • April 1, 2021 -
Campbell Soup to sell Plum Organics to Sun-Maid for undisclosed amount
The divestiture marks a further unwinding of some acquisitions made under the CPG giant's prior CEO and will allow it to focus more on its soups, sauces and beverages.
By Christopher Doering • April 1, 2021 -
Courtesy of Sweet Earth
Nestlé's Sweet Earth riding 'the chicken wave' as demand for plant-based offerings grows
The food giant launched its Mindful Chik'n line in 2019 and has seen the brand outperform expectations, giving executives confidence to push ahead with new product launches.
By Christopher Doering • April 1, 2021 -
Permission granted by Albert Yee
IRI names Google exec as president and CEO
Kirk Perry also served in leadership and marketing roles at Procter & Gamble.
By Jeff Wells • March 31, 2021 -
Molson Coors incident shines a light on industrial cyberattack vulnerabilities
The international brewery continues to face delays and financial impacts amid a wave of attacks against manufacturing.
By David Jones • March 30, 2021 -
Retrieved from Ebro Group.
Post's private label division to buy Ronzoni in deal valuing pasta brand at $95M
The purchase, which complements the company's existing offerings in the category, comes amid a frenzy of recent acquisitions including Peter Pan peanut butter.
By Christopher Doering • March 29, 2021 -
Retrieved from Pilgrim's Pride on September 23, 2020
Pilgrim's Pride issues $1B sustainability-linked bond
The meat producer is tying the bond to its progress on emissions targets as consumers and stakeholders demand proof of progress around industry commitments.
By Lauren Manning • March 29, 2021 -
Courtesy of LiveKindly Collective
LiveKindly Collective closes $335M funding round
In its first year, the platform company dedicated to increasing plant-based eating has raised $535 million. These latest funds will support expansion to the U.S. and China, acquisitions, partnerships and innovation.
By Megan Poinski • March 29, 2021 -
Permission granted by Erica Liu Williams
Q&AHungry for diversity: Female startup founders take on the challenges of growing a food business
From perfecting pitches to walking trade show floors, the execs of Partake Foods, Gr8nola and Siren Snacks share their survival strategy — and appetite for success.
By Barbara Smith , Samantha Oller • March 29, 2021 -
Why plant-based business pioneers say the sector has just gotten started
The animal-free meat, dairy and cheese businesses are booming, but Seth Goldman, Miyoko Schinner and Alan Hahn said at a virtual conference last week that price parity, tech developments and more shifts in consumer preferences will drive it further.
By Megan Poinski • March 25, 2021 -
Permission granted by Campbell Soup
From soup to chips, more everyday foods find a place at the table as ingredients
Companies like Campbell Soup and PepsiCo are optimistic that homebound consumers discovering new uses for their products now could become more frequent buyers after the pandemic.
By Christopher Doering • March 25, 2021 -
Permission granted by PepsiCo
PepsiCo overhauls Evolve in bid to make plant-based brand a household name
The food and beverage giant, which acquired the maker of bars, shakes and powders from Hormel in 2019, is hopeful new packaging, advertising and flavor profiles will raise brand awareness.
By Christopher Doering • March 24, 2021 -
Permission granted by Tyson Foods
Inside Tyson Foods' COVID-19 vaccine rollout at its Council Bluffs, Iowa, plant
In one day, 1,100 workers, or roughly 65% of people at the facility and a nearby pepperoni plant, were vaccinated.
By Christopher Doering • March 24, 2021 -
Courtesy of Meatable
Cultured meat startup Meatable raises $47M to fund growth
The investment will be used to develop a small-scale production facility in the Netherlands as well as to diversify its product offerings in beef, pork and potentially other cell-based species.
By Lauren Manning • March 24, 2021 -
Courtesy of Kellogg Media Relations
Kellogg revives Cereal Straws after 12-year hiatus
After recording major growth in the cereal segment last year, the CPG giant is bringing back the treat in October after it was discontinued in 2009.
By Barbara Smith • March 23, 2021 -
Courtesy of Eat Just
Eat Just gets $200M investment
The funding round, led by the Qatar Investment Authority, will help the plant-based egg and cell-based meat company build capacity, increase R&D and grow its brands in international markets.
By Megan Poinski • March 23, 2021 -
Permission granted by Bel Brands USA
Bel Brands launches 100% plant-based Nurishh brand
As the French cheesemaker works to create a plant-based version of each of its signature cheeses, it's also developed this suite of non-dairy slices and shreds — with more in the works.
By Megan Poinski • March 23, 2021
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