Corporate Operations: Page 92
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Leftovers: Hostess launches Crispy Minis; Twisted Tea gets a little saucy
The small wafers layer creme between cookies in a resealable pouch, and Soonish debuts a better-for-you beer that includes banana, millet, sorghum and honey.
By Food Dive staff • June 18, 2021 -
How The Live Green Co. reformulates products using modern technology and ancestral wisdom
The buzzy Chilean startup has garnered a lot of attention with its Charaka algorithm, which recommends plant-based and sustainable alternatives for highly processed ingredients.
By Megan Poinski • June 17, 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 -
Constellation takes minority stake in 'Breaking Bad' actors' Dos Hombres mezcal
The spirit brand founded by actors Bryan Cranston and Aaron Paul is the second smoky premium liquor the alcohol maker has invested in.
By Megan Poinski • June 17, 2021 -
ReGrained's flour earns Upcycled Food certification
Processed from spent grain used to make beer, the company said the product contains more fiber and protein than whole-grain flours, and uses less water to produce.
By Samantha Oller • June 17, 2021 -
Retrieved from Vita Coco on September 02, 2020
Vita Coco prices IPO below expected range at $15 per share
The beverage maker, which plans to list on the Nasdaq under the symbol COCO on Thursday, previously expected to offer its stock at between $18 and $21.
By Christopher Doering • Updated Oct. 21, 2021 -
Pace of M&A, divestitures likely to increase in 2021, survey finds
Kearney said the financial stimulus, low interest rates, large cash stockpiles and strong equity markets have created a climate favorable for sellers.
By Christopher Doering • June 16, 2021 -
Alcohol maker Two Trees formed to tap into rapid-aging technology
The new company, a merger of three businesses, will use the controversial practice panned by industry traditionalists to make vodka, whiskey and other offerings.
By Lauren Manning • June 16, 2021 -
Motif FoodWorks closes $226M funding round
The plant-based ingredients company, which expects to get its first two offerings on the market this year, plans to use the funds for expansion and more R&D.
By Megan Poinski • June 16, 2021 -
Deep Dive
Molson Coors' CEO has a bold plan to 'fundamentally change' the beer maker. But will it work?
As consumers turn to other beverages, Gavin Hattersley has moved aggressively into energy drinks, diet soda and tequila to revive his company's portfolio — all while combating challenges like COVID-19 and a security breach.
By Christopher Doering • June 15, 2021 -
Chobani leans into demand for healthier foods with no-sugar yogurt
The dairy giant has expanded its portfolio during the past few years to include offerings that cater to hot trends in the food space such as probiotics and protein.
By Christopher Doering • June 14, 2021 -
Meatpackers fail to secure protection with new OSHA COVID-19 safety rule
The segment was instead issued optional guidance that includes staggering breaks and spacing unvaccinated workers — recommendations that a union leader said are "unenforceable" and place employees at risk.
By Christopher Doering • June 11, 2021 -
WholeFruit chocolate launches under Evocao label
Barry Callebaut's high-end sweet made only from cacao fruit is available to chocolatiers in limited quantities right now, but will be expanding next year.
By Megan Poinski • June 10, 2021 -
JBS USA is spending $130M to boost beef capacity amid growing demand
The world's largest meat producer also said it is doling out more than $150 million in annualized pay increases to workers across its nine U.S. beef plants.
By Christopher Doering • June 10, 2021 -
Tyson pledges to achieve net-zero emissions by 2050
The meat producer's initiatives include eliminating deforestation in its global supply chain and using 50% renewable energy in its U.S. operations by 2030.
By Lauren Manning • June 10, 2021 -
PepsiCo to invest $200M in plant expansion as snack consumption surges
The investment in Frito-Lay's Rosenberg, Texas, facility will create 160 jobs and add two manufacturing lines for Funyuns and tortilla chips, as well as increase warehouse capacity.
By Christopher Doering • June 9, 2021 -
Taste is tops in consumers' yogurt priorities, survey finds
Nearly half of shoppers consider flavor a reason for buying the snack, with health benefits and nutrition also key, according to research from the International Food Information Council.
By Lauren Manning • June 9, 2021 -
Simulate raises $50M to expand its plant-based chicken
The latest funding round, which will help it compete in an increasingly popular space, values the maker of Gen Z-styled Nuggs and Discs at more $250 million, according to Bloomberg.
By Megan Poinski • June 9, 2021 -
Deep Dive
Meat processors wrestle with worker shortages as US economy reopens from COVID-19
With protein demand soaring, companies like Tyson Foods are offering employees better benefits and flexible hours as they consider wider use of automation throughout their businesses.
By Christopher Doering • June 9, 2021 -
General Mills plans to cut up to 1,400 jobs worldwide, Star Tribune reports
The layoffs — which could include up to 800 jobs in the U.S. and Canada and up to 20% of positions at its corporate headquarters — were announced to employees last week in emails and virtual meetings, the paper reported.
By Megan Poinski • June 8, 2021 -
The Better Meat Co. unveils mycoprotein fermentation line
During the past three years, the company has been secretly developing a 13,000-square-foot plant where it can produce thousands of pounds each month of the protein, which can serve as a beef, chicken or seafood substitute.
By Megan Poinski • June 8, 2021 -
Bob Evans Farms debuts portable refrigerated egg products
The Post brand's microwaveable Egg Bites and Omelet Rolls are aimed at satisfying consumers' interest in healthy eating and convenience.
By Lauren Manning • June 7, 2021 -
Molson Coors settles trademark case involving Vizzy hard seltzer
Terms were not disclosed, but Future Proof Brands, which sued the big brewer for trademark infringement, will no longer be producing its Brizzy drink.
By Megan Poinski • June 4, 2021 -
Food allergy prevention startup Ready, Set, Food raises $3.5M
Healthcare system Edward-Elmhurst Heath joined the round, which included more funding from Danone Manifesto Ventures and CPG-focused AF Ventures.
By Lauren Manning • June 4, 2021 -
Column
Leftovers: DiGiorno celebrates National Donut Day with a pizza twist; General Mills' cold cereals get hot
Nestlé's latest mashup adds mozzarella and tomato sauce to doughnuts, while a startup offers a sweet way to wake up or settle down with functional chocolate bars.
By Food Dive staff • June 4, 2021 -
Retrieved from Mondelez.
Mondelēz to divest Trident, other gum brands in developed markets
The snacking giant said it is reshaping its portfolio with a goal of generating 90% of its revenue from chocolate and biscuits.
By Christopher Doering • Updated May 10, 2022