Corporate Operations: Page 91
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Permission granted by Anheuser-Busch
Anheuser-Busch to spend $1B on hard seltzer, sustainability in US plants
The maker of Bud Light and Michelob Ultra has been aggressively moving into the popular beverage, which has become a growth segment for many alcohol producers.
By Christopher Doering • Feb. 4, 2021 -
Hormel completes $3.35B purchase of Planters from Kraft Heinz
The acquisition by the Minnesota company complements its Skippy and Justin's offerings while allowing Kraft Heinz to focus its portfolio on faster-growing, trendier brands.
By Christopher Doering • Updated June 7, 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 -
USDA
Cargill and National Beef added to Congressional probe on worker safety at meat processors
The two meat companies join JBS USA, Tyson Foods, and Smithfield Foods in facing inquiry from the House Select Subcommittee on the Coronavirus Crisis about outbreaks at their facilities.
By Christopher Doering • Updated Sept. 17, 2021 -
Uber buys alcohol delivery platform Drizly for $1.1B
The stock and cash deal comes as the profitable startup has seen demand surge during the pandemic with the service now offered in more than 1,400 cities.
By Christopher Doering • Feb. 2, 2021 -
Courtesy of Impossible Foods
Impossible Foods cuts grocery store prices 20%
The price decrease is the first since the plant-based burgers hit grocery shelves in 2019. It follows two 15% reductions in price to foodservice distributors during the past 12 months.
By Megan Poinski • Feb. 2, 2021 -
Courtesy of Peatos
Post Holdings leads $12.5M investment in PeaTos
This is the first Big Food funding for the challenger to PepsiCo's Frito-Lay and the latest move into the plant-based space by the CPG company best known for its breakfast offerings.
By Mike De Socio • Feb. 2, 2021 -
Spirits sales rose in 2020, but the pandemic and tariffs drag on future prospects
Distillers have the opportunity to ride a new wave of growth as vaccination rates grow and off-premise opens up, but they will need to maximize the tools at hand.
By Samantha Oller • Feb. 1, 2021 -
Smithfield pledges 10% sugar and sodium reduction in all products
Along with a promise for cleaner labels, the meat company added a health and wellness pillar to its sustainability commitment at a time when consumers want food that is better for them.
By Mike De Socio and Samantha Oller • Feb. 1, 2021 -
Courtesy of Future Meat Technologies
Future Meat Technologies makes cell-based chicken costing $7.50 and gets $26.75M funding
The Israel-based cultured meat company is planning to get its products on plates in 2022 — or earlier if regulatory agencies move faster.
By Megan Poinski • Feb. 1, 2021 -
Christopher Doering/Food Dive
Bang owner files suit against PepsiCo over distribution of new hard seltzer beverage
Quash Seltzer, which has common ownership with the energy drink brand, said the CPG giant is blocking its efforts to create a distribution network — causing economic harm "in the billions of dollars."
By Christopher Doering • Feb. 1, 2021 -
Courtesy of Kraft Heinz
ColumnLeftovers: Kraft Heinz thinks pink with Candy Mac & Cheese; Slice of Sauce makes condiments mess-free
The CPG giant puts a sweet spin on a pantry staple, and Gr8nola taps into girl power to create its latest peanut butter variety.
By Food Dive staff • Jan. 29, 2021 -
Courtesy of Hellowater
Hellowater partners with agricultural company on toxin-fighting beverage line
The collaboration with Brandt, which develops technologies to boost crop yields, represents the latest leap in functionality for the competitive enhanced water segment.
By Jessi Devenyns • Jan. 29, 2021 -
Courtesy of Stryve Foods
Stryve Foods set to go public with closing of SPAC deal
The merger with SPAC Andina Acquisition Corp. III was approved on Monday, with the biltong maker expected to begin trading on the NASDAQ on or about July 21.
By Christopher Doering • Updated July 20, 2021 -
Megan Poinski/Food Dive
Utz retires century-old Husman's snack brand
Flagging sales pushed the company to shutter the longtime Pennsylvania label, as it focuses on developing a salty snacks platform that is in line with modern consumer preferences.
By Jessi Devenyns • Jan. 28, 2021 -
Courtesy of BioNTech
CPG makers feel impact of 'inconsistent' vaccination program, trade group says
In a memo to the White House, the Consumer Brands Association said states and counties have "have outright de-prioritized frontline essential workers," which includes 1.7 million of its members.
By Christopher Doering • Jan. 28, 2021 -
Courtesy of DouxMatok
DouxMatok names executives to bring Incredo Sugar to the US
The Israel-based maker of a sweetener that can reduce sugar content by 40% plans to have the ingredient in products this year.
By Megan Poinski • Jan. 28, 2021 -
Courtesy of Stony Brook WholeHeartedFoods
Pumpkin seeds shift beyond seasonal as their functional qualities shine
A good source of nutrients and crunch, the high-protein, highly versatile ingredient is taking center stage in snacks, cereals and even oils.
By Samantha Oller • Jan. 28, 2021 -
Courtesy of Courtesy of Sproud
Sproud raises $6.6M for North American expansion of pea-protein milk
The company is tackling the crowded U.S. dairy alternatives market with a sustainability hook, and the potential of repeating the success of fellow Swedish plant-based milk manufacturer Oatly.
By Samantha Oller • Jan. 27, 2021 -
Courtesy of Ukko
Ukko raises $40M for AI-enabled food allergy solutions
The company is making a nonallergenic version of gluten and a peanut tolerance treatment based on a safe version of the legume's protein.
By Megan Poinski • Jan. 27, 2021 -
Hippeas raises $50M to fund innovation and expansion plans
The chickpea snack maker also picked C-suite veteran Greg Buscher as its CFO and added investor and former PepsiCo and Mondelez executive César Melo to its board.
By Jessi Devenyns • Jan. 27, 2021 -
Courtesy of Radius Networks
Online packaged food and beverage sales could top $100B in 2021
Grocery is now the top e-commerce CPG category, according to FMI and NielsenIQ, with dollar sales up 125% last year.
By Jeff Wells • Jan. 26, 2021 -
Courtesy of Molson coors
Molson Coors returning commercial operations of Superbird to Casa Komos
The beer giant, which has expanded the tequila-based cocktail into 24 states since a January 2021 partnership was struck, will have a minority stake in the brand’s parent company.
By Christopher Doering • Updated Aug. 22, 2022 -
Courtesy of The Coca-Cola Company
Coke delivers coffee-flavored soda from Walmart by drone
The stunt marks Coca-Cola with Coffee's official debut in the U.S., its 50th market since the product launched in Japan in 2018.
By Robert Williams • Jan. 26, 2021 -
Retrieved from Hungry Planet.
Post's dealmaking push accelerates with plant-based Hungry Planet partnership
Under the agreement, the St. Louis-based CPG company will distribute the upstart's meat-free burgers, chicken patties, sausage and crab cakes in grocery stores and to foodservice.
By Christopher Doering • Jan. 26, 2021 -
Retrieved from PepsiCo on March 07, 2019
PepsiCo and Beyond Meat to debut jerky snack as part of joint venture, Bloomberg reports
The two companies announced a partnership last January to develop, produce and market snack and beverage products made from plant-based protein.
By Christopher Doering • Updated Jan. 20, 2022
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