Corporate Operations: Page 87
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Retrieved from Grenade.
Mondelez buys majority stake in sports nutrition company Grenade
The U.K.-based maker of high protein bars, shakes and spreads gives the Oreo and Triscuit owner a larger presence in better-for-you snacking.
By Christopher Doering • March 22, 2021 -
Deep Dive
Help wanted: Food manufacturers compete over workers as big data, e-commerce stoke hiring frenzy
While employers prioritize adding people who can pivot across multiple jobs, prospective employees are placing more value in what companies stand for before they accept a job.
By Christopher Doering • March 22, 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
ColumnLeftovers: Pepsi combines cola and mango with newest flavor; Harpoon takes a swing at better-for-you beer
Pepsi debuts its first permanent flavored cola in five years, and LaCroix adds three new "naturally essenced" varieties to its lineup.
By Food Dive staff • March 19, 2021 -
Retrieved from Brave Robot on July 17, 2020
$3.1B invested in alternative proteins in 2020, report says
The record-breaking number represents more than half of all the cash raised by companies in the plant-based, fermented and cell-based segments in the last decade, the Good Food Institute found.
By Megan Poinski • March 19, 2021 -
Courtesy of AB InBev
Corona debuts circular packaging made from barley straw
The beer brand's upcycled six-pack cartons will launch in South America in 2021. It hopes to eliminate the need to harvest virgin timber to produce cardboard.
By Lauren Manning • March 18, 2021 -
Givaudan launches FlavorFinders to consider consumers' taste preference in product design
How someone thinks about food has very little to do with traditional demographics, says the flavorings company. This system uses years worth of data to bring that aspect into new concepts.
By Megan Poinski • March 18, 2021 -
Courtesy of PepsiCo
PepsiCo launches Mtn Dew energy drink amid push into functional offerings
The beverage, which has vitamins, antioxidants and nearly twice the amount of caffeine as a cup of coffee, is being endorsed by NBA superstar LeBron James.
By Christopher Doering • March 18, 2021 -
Permission granted by Chobani
Chobani reaches distribution deal with PepsiCo for some products ahead of possible IPO
The pilot program in the northeastern U.S. will allow the yogurt maker to tap into PepsiCo's large distribution network while giving the soda and snack giant an early look at products under development.
By Lauren Manning , Christopher Doering • March 18, 2021 -
Permission granted by Benson Hill
Benson Hill doubles down on plant-based ingredients with new business units
The divisions will help the food technology company improve yellow pea and soy ingredients for plant-based offerings while maximizing the functional potential of produce.
By Samantha Oller • March 18, 2021 -
Courtesy of Mars Wrigley
Mars Wrigley strikes a deal to develop biodegradable candy wrappers
Danimer Scientific is designing the new package for Skittles, which should be on shelves by late 2021 or early 2022, according to the confectioner.
By Megan Poinski • March 17, 2021 -
How the COVID-19 pandemic has changed investing in food
At a session at last week's Future Food-Tech virtual conference, leaders from venture firms and finance said while much of the strategy is the same, the target is becoming more defined through careful choices and the advent of SPACs.
By Megan Poinski • March 17, 2021 -
Courtesy of SweeGen
SweeGen receives GRAS status for stevia ingredient Reb B
The company is expanding its portfolio of clean label sweeteners to target the growing demand for low- and no-sugar products that don't compromise on taste or texture.
By Lauren Manning • March 17, 2021 -
Courtesy of Jane Ablaza
Once Upon a Farm debuts brand refresh as it expands into children's snacks
The company aims to move beyond organic baby food with a new look and revamped website, as the demand for healthier options for kids grows.
By Barbara Smith • March 17, 2021 -
Permission granted by American Bakers Association
Aryzta sells North American bakery business to private equity firm for $850M
The divestiture to Lindsay Goldberg comes as the owner of Otis Spunkmeyer and other brands focuses its operations in European and Asia-Pacific markets.
By Lauren Manning • March 17, 2021 -
Courtesy of Bel Brands USA
Deep DivePlant-based cheese is full of startups. Will dairy providers get into the segment?
New companies and entrenched plant-based food makers are bringing growth and innovation to the sector, while most traditional cheese makers are hanging back. Are they missing an opportunity, or is it not worth their effort?
By Megan Poinski • March 16, 2021 -
Courtesy of Spindrift
Spindrift enters the alcoholic beverage space with new hard seltzer
The new brand offers consumers a clean label option — but it has steep competition from established beverage manufacturers in the segment.
By Lauren Manning • March 15, 2021 -
Retrieved from Molson Coors.
Molson Coors 'illegally' touting health attributes of its Vizzy Hard Seltzer, consumer groups say
CSPI and CFA say the beverage maker violates FDA rules that prohibit misleading claims and discourage companies from fortifying alcoholic drinks with vitamins.
By Christopher Doering • March 15, 2021 -
Permission granted by Nick's
Nick's gets into sweets with new keto-friendly bars
The Swedish company known for its better-for-you ice cream is launching its healthier candy competitor on its website today.
By Megan Poinski • March 15, 2021 -
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 -
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
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