Corporate Operations: Page 88
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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 -
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 -
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 -
Permission granted by Pepsi
Pepsi deploys customized voice-overs to balance personalization, reach in Zero Sugar push
The soda maker is targeting middle-aged men as beverages that eschew the popular sweetener play a bigger role in its growth strategy.
By Peter Adams • March 1, 2021 -
Courtesy of J.M. Smucker Co.
Smucker to cut 80 jobs closing Virginia coffee plant in 2022
The closure was announced along with a liquid coffee business partnership with JDE Peet's.
By Megan Poinski • Updated March 25, 2021 -
Deep Dive
Let's make a deal: How Nestlé is using M&A and multibillion-dollar divestitures to shape its portfolio
With more than $30 billion in transactions since 2018, the world's largest food company is refocusing its offerings on faster-growing categories popular with consumers.
By Christopher Doering • March 1, 2021 -
Courtesy of Kraft Heinz
Kraft Heinz pilots recycled plastic packaging as roofing material
If the post-consumer plastic boards being tested on two factories work well, the CPG company may someday be repairing its facilities with packaging from the products it makes.
By Megan Poinski • Feb. 26, 2021 -
Courtesy of Klondike
ColumnLeftovers: What would you do for a Klondike Cone? Cheez-It explodes into a new snack
The Unilever-owned ice cream treat adds two new portable formats, and dairy proteins are used to create a kid-targeted hydration drink.
By Food Dive staff • Feb. 26, 2021 -
Permission granted by Beyond Meat
Beyond Meat signs global partnerships with McDonald's and Yum Brands
The plant-based meat producer will be the "preferred supplier" for the patty in the planned McPlant sandwich, and is creating menu items for KFC, Taco Bell and Pizza Hut.
By Alicia Kelso • Feb. 26, 2021 -
Courtesy of PepsiCo
PepsiCo launches line of cocktail mixers as drinking at home surges
The nonalcoholic Neon Zebra brand can be used in margaritas, mojitos and other beverages. The offering is the latest drink from the beverage giant targeting new consumption occasions.
By Christopher Doering • Feb. 26, 2021
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