Corporate Operations: Page 90
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Retrieved from Rule Breaker Snacks.
Grupo Bimbo takes minority stake in allergy-friendly snacks maker
The baking giant's venture capital arm, Bimbo Ventures, is investing an undisclosed amount in sweets maker Rule Breaker Snacks.
By Christopher Doering • Feb. 12, 2021 -
Ball, Molson Coors increase production and sourcing to combat aluminum can shortage
Ball Corporation anticipates "demand continuing to outstrip supply well into 2023," President Daniel Fisher said.
By A.B. Brown • Feb. 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 -
Permission granted by Coca-Cola
ColumnLeftovers: Topo Chico twists on the tangerine; Tillamook shows vintage cheese is in
The new fruit flavor is the latest bit of citrus to be added to the Coca-Cola-owned sparkling water brand, and SweetPea has a scoop: Chickpeas can make ice cream.
By Food Dive staff • Feb. 12, 2021 -
Courtesy of International Flavors & Fragrances
IFF gives activist investor seat on board
The ingredient company's agreement with Sachem Head Capital Management would give managing partner Scott Ferguson a 14th seat on its board.
By Megan Poinski • Updated March 8, 2021 -
Permission granted by Coca-Cola
Coke plans data-driven, 'always-on' experiential campaigns as sales dip
The company is looking to drive "greater efficiency across the marketing spend portfolio" and announced plans for Sprite's first global campaign.
By Robert Williams • Feb. 11, 2021 -
Permission granted by Ferrara
Why Ferrara says a socially distanced Valentine's Day is still sweet
While candy has always been important to the holiday, the top manufacturer of non-chocolate seasonal candy is using innovation and lessons from a year of lockdowns to help consumers share the love.
By Megan Poinski • Feb. 11, 2021 -
Courtesy of LIVEKINDLY
Puris partners with Livekindly to accelerate plant-based adoption
The goal of the joint ventures is to bring plant-based crops to other parts of the world while reducing waste when these commodities are turned into food.
By Christopher Doering • Feb. 11, 2021 -
Courtesy of Hu
Mondelez launches program for early-stage snack brands
The CoLab program, created by the company's SnackFutures venture hub, will provide resources and funds to startups as it gains insights from participants.
By Christopher Doering • Feb. 11, 2021 -
Heineken to cut 8,000 jobs as the pandemic hurts sales
The staff reduction, part of a broader effort to save $2.43 billion through 2023, comes as the alcohol maker focuses more on premium offerings and looks to move beyond beer.
By Christopher Doering • Feb. 10, 2021 -
Retrieved from TreeHouse Foods on July 01, 2016
Activist investor Jana nominates 2 directors to TreeHouse Foods' board
The firm is proposing to add former AdvancePierre Foods and Domino’s Pizza executives as the private label maker undergoes a strategic review.
By Christopher Doering • Updated Jan. 4, 2022 -
Courtesy of Aleph Farms
Aleph Farms unveils world's first cell-based ribeye steak
The Israeli company worked with researchers and utilized 3D bioprinting to make a piece of meat that looks like it came from a slaughtered cow, complete with differentiated fat cells.
By Megan Poinski • Feb. 10, 2021 -
Post Holdings prices SPAC units at $10 in deal that could raise more than $300M
The CPG maker, which said in February its SPAC aimed to raise $400 million, is expected to stay close to the food and beverage space as it looks for companies that will benefit from the experience of its management team.
By Christopher Doering • Updated May 26, 2021 -
Courtesy of PepsiCo
Aunt Jemima rebrands as Pearl Milling Company
PepsiCo chose the new name from the Missouri location where the breakfast brand was invented more than 130 years ago.
By Megan Poinski • Updated Feb. 10, 2021 -
Permission granted by Coca-Cola
Coca-Cola transitions to bottles made from 100% recycled plastic
The new packaging and a smaller bottle size will be gradually rolled out during the first half of the year in select states.
By Christopher Doering • Feb. 9, 2021 -
Courtesy of Danone
Danone's 'big runway' for growth is built on brand relevance, N. America CEO says
Shane Grant is feeling optimistic about the company's dominance in dairy and plant-based, even as an activist investor questions its larger strategy.
By Christopher Doering • Feb. 9, 2021 -
Hershey's CFO: Stay-at-home mandates 'played to our strengths'
As the candy giant reflects on a banner year, it is preparing to relaunch its zero sugar line and working on organic products with an eye on the better-for-you confection space.
By Jane Thier • Feb. 8, 2021 -
Permission granted by Nick's Ice Cream
How Nick's plans to redefine better-for-you ice cream
A $30 million funding round, new CEO and a partnership with Perfect Day give the Swedish treat maker a launchpad for U.S. growth in 2021.
By Megan Poinski • Feb. 8, 2021 -
Courtesy of PepsiCo
PepsiCo launches Frutly juice waters for teens
The new line of hydrating, no-added-sugar drinks could capitalize on Gen Z's growing buying power and interest in healthier beverage options.
By Mike De Socio • Feb. 8, 2021 -
Courtesy of The Hershey Co.
ColumnLeftovers: Whozeewhatzit? It's Hershey's new offering; Pebbles cereal enters the ice age
The Pennsylvania chocolate maker launches a new bar to complement the Whatchamacallit, and you can have the mango in Yuengling's new brew.
By Food Dive staff • Feb. 5, 2021 -
Permission granted by Chobani
The road to Chobani's IPOChobani considering 2021 IPO valuing it at up to $10B, WSJ reports
Chobani Founder and CEO Hamdi Ulukaya said the company will look at "all options carefully to fuel our ambitious plans" with a stock offering "definitely one exciting direction."
By Christopher Doering • Feb. 5, 2021 -
IFF and DuPont Nutrition & Biosciences have merged. What's next?
With the deal closed, the two large companies have formed an ingredients behemoth. As they integrate, analysts say the future for the sector as a whole looks bright.
By Megan Poinski • Feb. 4, 2021 -
Permission granted by Pairwise
Pairwise raises $90M to develop new fruit and vegetable varieties using CRISPR
The startup is using the gene-editing technology to make produce more palatable, such as by removing the bitterness from a nutrient-dense green or seeds from the outside of a blackberry.
By Christopher Doering • Feb. 4, 2021 -
Smithfield Foods hit with FTC complaint tied to sustainability claims
The nation's largest pork producer said the filing made by nine consumer and environmental groups "contains false allegations and is without merit."
By Christopher Doering • Feb. 4, 2021 -
Courtesy of Foster Farms
Tyson and Foster Farms begin COVID-19 vaccinations at some plants
The publicly traded meat giant also announced that Matrix Medical Network would address and monitor its efforts to protect workers from the virus.
By Megan Poinski • Updated Feb. 5, 2021 -
Catherine Douglas Moran/Food Dive
Big Food lost $12B in sales to small CPGs and private label in 2020, IRI says
The pandemic accelerated a five-year trend of large manufacturers losing market share to smaller players, but consumers' return to normal travel patterns should slow the momentum.
By Mike De Socio • Feb. 4, 2021
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