Corporate Operations: Page 89
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Clif Bar plans to double its sales and positive environmental impact
The health bar brand is adding 50 new roles in analytics and innovation, while cutting approximately 125 others as it leans further into sustainability to stay relevant.
By Barbara Smith • Feb. 25, 2021 -
Courtesy of ChickP
ChickP strikes partnership with Socius Ingredients as part of US product rollout
The 90% chickpea isolate, which is being targeted for use in dairy alternatives, baked products and gluten-free foods, has a dense nutritional profile and neutral flavor.
By Christopher Doering • Feb. 25, 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 -
Smithfield Foods, Bumble Bee among companies joining Consumer Brands Association
Two years after rebranding and overhauling its priorities, the trade group has seen a 35% increase in its membership ranks.
By Megan Poinski • Updated March 16, 2022 -
Permission granted by Elroy's Fine Foods
CBA, beverage group among largest donors to campaigns and lobbyists, study finds
Nonprofit organization Feed the Truth said the top 20 food industry trade associations have contributed at least $33.7 million in political donations since 2007 and spent $303.2 million in lobbying since 2008.
By Christopher Doering • Updated Feb. 26, 2021 -
Agrifood companies drew at least $26.1B in investments in 2020, report finds
AgFunder, a venture capital fund, found that all of last year's investments in the space may be more than a third above those received in 2019.
By Megan Poinski • Feb. 24, 2021 -
How Unilever is turning sustainability into opportunity
The CPG giant is using upcycling, a big plant-based commitment and initiatives to curtail food waste to save money and the environment, says Hanneke Faber, the company's president of foods & refreshment.
By Megan Poinski • Feb. 24, 2021 -
Courtesy of Moet Hennessy
Moët Hennessy buys 50% stake in Jay-Z's premium Champagne brand
The entertainer and businessman has been an owner of Armand de Brignac since 2006, which makes his ownership stake an "essential element of this alliance," the luxury brands powerhouse said. Financial details were not disclosed.
By Megan Poinski • Feb. 23, 2021 -
Courtesy of Mosa Meat
Mosa Meat raises $10M to scale cell-based meat
The investment closes the Dutch company's $85 million Series B round, which it says will help it scale up in order to bring slaughter-free hamburgers to European consumers in 2022.
By Megan Poinski • Feb. 23, 2021 -
Courtesy of Oatly
Oatly files for IPO
The Swedish plant-based company's filing is confidential, so no information is available yet on its proposed valuation or share price.
By Megan Poinski • Feb. 23, 2021 -
Courtesy of General Mills
Q&AGeneral Mills CMO shares outlook on purpose, e-commerce and data as pandemic boosts sales
Ivan Pollard dished on how the company is connecting the physical and digital worlds, while stepping up initiatives into social justice.
By Peter Adams • Feb. 22, 2021 -
Report: Frozen foods heat up as pandemic drives sales growth
Category sales hit $65.1 billion in the U.S. last year, according to figures from the American Frozen Food Institute and the Food Industry Association.
By Rosie Bradbury • Feb. 22, 2021 -
Coca-Cola nears deal to buy majority stake in BodyArmor that values brand at $8B, Bloomberg reports
The soda giant first invested in the premium performance and hydration beverage, which generates more than $1 billion in retail sales, in 2018.
By Christopher Doering • Updated Oct. 29, 2021 -
Courtesy of Follow Your Heart
Danone acquires plant-based pioneer Follow Your Heart
The maker of market-leading dairy-free cheeses, Vegenaise and a powdered vegan egg substitute will help the French company reach its goal of $5.7 billion in segment sales by 2025. Financial terms of the deal were not disclosed.
By Megan Poinski • Feb. 19, 2021 -
Courtesy of The Laughing Cow
ColumnLeftovers: The Laughing Cow debuts hybrid Blends; One Bar Fruity Cereal adds protein to a Saturday morning favorite
The new line is Bel Group's latest effort in products that include dairy and plants, and Jeni's takes its biggest savory step yet with a variety more suited to a deli than an ice cream parlor.
By Food Dive staff • Feb. 19, 2021 -
Courtesy of International Flavors & Fragrances
IFF reaches $1.3B agreement to sell microbial control business
The sale to Lanxess is the second major planned divestment since the ingredients giant merged with the former DuPont Nutrition & Biosciences division in February.
By Megan Poinski • Updated Aug. 26, 2021 -
Courtesy of Kalsec
Kalsec takes an all-natural approach to food trends
The family-owned producer of colors and ingredients has tapped into growing demand for plant-based and sustainable offerings.
By Christopher Doering • Feb. 18, 2021 -
Mondelez to invest in ventures tackling ESG issues
The company's CEO said the Sustainable Futures platform is its first foray into "impact investing" and gives the Oreo maker an opportunity to support environmental and social projects.
By Christopher Doering • Feb. 18, 2021 -
Dole merger with Europe's Total Produce to create global produce giant
The new business, with combined 2020 revenue of about $9.7 billion, would be the world's largest fresh produce company and have a presence in everything from bananas to avocados.
By Christopher Doering • Feb. 18, 2021 -
Courtesy of BlueTriton Brands
Nestlé's North American bottled water business renamed BlueTriton Brands after $4.3B sale
Private equity firm One Rock Capital Partners completed the acquisition and named Dean Metropoulos as chair and interim CEO on March 31.
By Christopher Doering • Updated April 7, 2021 -
Retrieved from Constellation Brands.
AB InBev files lawsuit against Constellation over use of Corona brand name
The alcohol giant said a 2013 agreement between the two companies only allows Constellation to use the brand name in the U.S. when it comes to beer.
By Christopher Doering • Feb. 17, 2021 -
Courtesy of Hershey
Hershey's 'big bet' on better-for-you confections
Producing more low- or no-sugar, organic and bite-size offerings could generate up to $1 billion in additional revenue for the iconic maker of Kisses and Reese's, a top executive said.
By Christopher Doering • Feb. 17, 2021 -
Courtesy of Nature's Fynd
Nature's Fynd launches fermented cream cheese and sausage online
The products, which sold out in hours, are a taste of what the company says it plans to roll out later this year.
By Megan Poinski • Feb. 16, 2021 -
Courtesy of Post Consumer Brands
Grape-Nuts shortage will be over in mid-March, Post says
The cereal brand struggled to stay on shelves as higher consumer demand during the pandemic challenged the company's supply chain.
By Barbara Smith • Feb. 16, 2021 -
Courtesy of General Mills
Nature Valley makes recyclable wrappers for granola bars
The General Mills brand did not patent the packaging technology and welcomes other snack manufacturers to adapt it to their products.
By Megan Poinski • Feb. 16, 2021 -
Courtesy of PepsiCo
PepsiCo CFO: 'The world is permanently shifted'
Hugh Johnston credited the company's successful fourth quarter to its commitment to understanding its new, evolving environment.
By Jane Thier • Feb. 15, 2021
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