Corporate Operations: Page 91
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Courtesy of Future Farm
Brazil's Future Farm launches its US expansion with the mission to democratize plant-based meat
The South American brand has spread to 23 countries since 2019, but plans to draw up to 65% of its sales from the U.S. market within a couple years, says U.S. CEO and former Red Bull exec Alexandre Ruberti.
By Megan Poinski • July 6, 2021 -
Permission granted by Tyson Foods
Tyson recall expands to nearly 9M pounds of ready-to-eat frozen chicken
The USDA updated poundage figures after receiving more information about the affected product, which has been linked to three cases of listeriosis.
By Christopher Doering • Updated July 9, 2021 -
Explore the Trendline➔
Courtesy of Instacart
TrendlineTop 5 stories from Food Dive
The food and beverage industry is changing rapidly and the actions companies take this year are likely to play a major role in defining their future.
By Food Dive staff -
Courtesy of Nestle
Nestlé invests $100M to expand operations at frozen foods factory in SC
The company will use the funds to increase production of popular brands like Lean Cuisine and Stouffer's as consumers continue to flock to frozen meals.
By Lauren Manning • July 2, 2021 -
Justin Sullivan via Getty Images
Dole targets $2.1B valuation in IPO
As it launched its pre-IPO roadshow this week, the company said it expects its IPO price to be between $20 and $23 per share.
By Megan Poinski • Updated July 22, 2021 -
Permission granted by Home Chef
Meal kit sales will sharply decelerate this year, report predicts
Coresight Research expects industry growth to slow from 70% in 2020 to roughly 18% in 2021 as pandemic-fueled interest wears off.
By Catherine Douglas Moran , Jeff Wells • July 2, 2021 -
Courtesy of The Hershey Co.
Hershey and Land O'Lakes partner to reduce dairy's environmental impact
The food CPGs are collaborating with a Chesapeake Bay nonprofit to cut greenhouse gas emissions and boost water quality around Pennsylvania farms supplying milk to the candy and snack giant.
By Samantha Oller • July 1, 2021 -
Scott Olson via Getty Images
How Hershey chocolate bar sales caught fire amid surge in s'mores consumption
Demand for the confectioner's 6-packs of chocolate bars, popular among consumers making the gooey treat, is expected to remain robust in 2021 after increasing more than $70 million last year.
By Christopher Doering • July 1, 2021 -
Courtesy of Soft Robotics
Tyson invests in AI-enabled robotics firm to boost worker productivity
The meat and poultry processor's venture capital arm took part in a $10 million funding round for Soft Robotics, a provider of technology for handling fragile and irregularly shaped items.
By Samantha Oller • June 30, 2021 -
Permission granted by Harmless Harvest
Danone buys majority stake in coconut products maker Harmless Harvest
The CPG giant, which first invested in the water, yogurt and smoothie manufacturer in 2017, didn't disclose how much it owns or the amount of money it spent to acquire a controlling share.
By Christopher Doering • June 30, 2021 -
Megan Poinski/Food Dive
Sabra snags former Seventh Generation CEO
Joey Bergstein has a reputation of being outspoken on progressive issues, potentially signaling a change in how the hummus company presents itself.
By Megan Poinski • June 30, 2021 -
Courtesy of General Mills
General Mills launches Good Measure snacks for consumers watching their blood sugar
The new line of low-sugar, low-carbohydrate bars, created by the company's Innovation Lab, are designed for diabetics and pre-diabetics — a category wide open for CPG snacks.
By Megan Poinski • June 29, 2021 -
Courtesy of Clif Bar
Clif launches clean label cereal line
The new breakfast offering is made with 30% to 40% less sugar than others in the space, with at least 7 grams of protein and fiber per serving.
By Lauren Manning • June 29, 2021 -
Courtesy of AB InBev
AB InBev names company veteran to head its Anheuser-Busch division
Brendan Whitworth succeeds Michel Doukeris, who is transitioning to the role of global CEO of the beer giant starting July 1.
By Christopher Doering • June 29, 2021 -
Courtesy of Mondelez
Mondelēz's Triscuit is the latest brand to embrace traceability
The snacking giant said the transparency pilot, which allows consumers to follow the journey of white-winter wheat from fields in Michigan to the bakery, is the first of its kind for the company.
By Christopher Doering • June 25, 2021 -
Courtesy of Hershey
ColumnLeftovers: Reese’s takes a chip off the old block; Kraft Heinz further cracks into breakfast-to-go
The Hershey candy favorite is adding crispy potato bits to get a salty/sweet combo, while Kashi launches no-sugar-added shredded wheat cereal with raisins.
By Food Dive staff • June 25, 2021 -
Christopher Doering/Food Dive
Zevia makes market debut at $14 share price
The maker of stevia-sweetened soda, tea and energy drinks has seen net sales increase 32% annually during the last decade with further growth expected as consumers curtail their sugar intake.
By Megan Poinski • Updated July 22, 2021 -
Courtesy of Future Meat Technologies
Cell-based meat plants come online for Future Meat Technologies and Wildtype
The Israeli company plans to commercialize its products for the U.S. and other markets at its facility, while the high-end seafood startup has built an educational center and sushi tasting room at its San Francisco factory.
By Megan Poinski • June 24, 2021 -
David McNew via Getty Images
Premium chocolate maker Scharffen Berger returns to private ownership
Recently sold by Hershey, the artisan label has assembled a leadership team with candy industry expertise as it aims to re-establish its bean-to-bar reputation.
By Lauren Manning • June 23, 2021 -
Courtesy of PepsiCo
PepsiCo moves deeper into nonalcoholic cocktail mixers with Unmuddled
The snack and beverage giant said the offering is targeted at consumers who seek experimentation, flavor variety and a bar quality experience at home.
By Christopher Doering • June 23, 2021 -
How Bush's plans to keep people interested in beans beyond the pandemic
With product innovations and a rebrand as "That Beautiful Bean Co.," the 113-year-old manufacturer is angling for the attention of younger consumers.
By Megan Poinski • June 23, 2021 -
Courtesy of Sabra
Equinom raises $20M to further non-GMO crop breeding
The Israel-based company recently started high-profile sesame seed partnerships with Sabra and Dipasa, and plans a concentrated pea protein launch later this year.
By Megan Poinski • June 22, 2021 -
Sanderson Farms considers sale, WSJ reports
After rejecting an unsolicited takeover offer in October, the nation's third-largest chicken producer has reportedly hired advisers and is attracting interest from smaller poultry providers.
By Megan Poinski • June 22, 2021 -
Courtesy of Impossible Foods
Deep DiveHow Impossible Foods is getting Gen Z interested in plant-based meat
With its products in public school cafeterias and a teen-focused website that connects animal agriculture to global warming, the company aims to feed and educate the next generation.
By Megan Poinski • June 21, 2021 -
Courtesy of Nature's Fynd
Nature's Fynd protein gets green light from FDA
Regulators had no questions about the company's research into the safety of its fermented protein, which it plans to use as a meat and dairy analog and in a myriad of other products in launches later this year.
By Megan Poinski • June 21, 2021 -
Barry Brecheisen via Getty Images
PepsiCo pursues trademark for Rockstar-branded beer and hard seltzer, Bloomberg reports
The application was filed under a provision that said the soda and snack giant plans to use the trademark for alcoholic beverages, but has yet to do so.
By Christopher Doering • June 21, 2021
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