Corporate Operations: Page
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Courtesy of ShineWater
Anheuser-Busch to distribute vitamin D-loaded ShineWater
The beer giant will use its own network to expand the functional drink's availability as consumers latch onto products that do more than provide sustenance or refreshment.
By Christopher Doering • Sept. 27, 2021 -
Joe Raedle via Getty Images
AB InBev CFO: 'You can't hide when a pandemic hits'
“The whole debate over finance and ESG, that you either choose one or the other, is a false dilemma. They go hand in hand,” Fernando Tennenbaum said.
By Jane Thier • Sept. 24, 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 -
Courtesy of CJCJ Food, Americas
Red Baron pizza maker aims for a bigger slice of the market
As demand grows for more frozen options, Schwan's is turning to premium, single-serve and better-for-you offerings to boost sales in the $6 billion category.
By Christopher Doering • Sept. 22, 2021 -
Retrieved from Kraft Heinz.
Justice Department requires Polly-O and Athenos divestitures after Kraft Heinz-Lactalis deal
Both sales were in process, but the federal government filed a lawsuit ordering them to happen, saying action is necessary to avoid monopolies.
By Christopher Doering • Updated Nov. 11, 2021 -
Permission granted by Chobani
Yogurt giant Chobani enters the peanut butter category
The company said it will donate profits from the line of enhanced spreads for adults, children and infants to the hunger nonprofit Edesia Nutrition.
By Christopher Doering • Sept. 20, 2021 -
Permission granted by Danone
Danone's Evian partners with Loop on water bottle made with recycled plastic
The new packaging continues the brand's sustainability push, while providing validation for the upstart's technology that has drawn skepticism.
By Christopher Doering • Sept. 20, 2021 -
Sean Gallup via Getty Images
Surge in greenhouse gas pledges from CPGs prompts Cargill to pay farmers to collect carbon
The food and agricultural giant said demand from manufacturers to lower their environmental footprint is robust, but more financial incentives are needed to get producers to meet this growth.
By Christopher Doering • Sept. 16, 2021 -
Courtesy of Gopuff
Gopuff launches small business accelerator for underrepresented CPG entrepreneurs
The program provides brands with monthly workshops, networking events and one-on-one sessions with the e-tailer's marketing, merchandising and supply chain teams.
By Catherine Douglas Moran • Sept. 16, 2021 -
Courtesy of Kraft Heinz
OpinionReady for the 'Great Reset'? How digital transformation can future-proof food manufacturing
Modern technology can remake the sector into a resilient and responsive business, even through the turmoil of the pandemic, writes Keith Chambers of Aveva.
By Keith Chambers • Sept. 16, 2021 -
Permission granted by Mondelez International
Mondelēz tests new snack bar made using mechanical pressure and ultrasound energy
The CPG giant's Dirt Kitchen brand is using technology developed by Israel-based Torr FoodTech to create a product that has a unique multi-texture and maintains the nutritional value of the ingredients.
By Christopher Doering • Sept. 14, 2021 -
Courtesy of Tyson Foods
Consumer Brands Association asks Biden for vaccine regulation clarity
To keep manufacturing lines staffed by employees inoculated against COVID-19, the trade group says it needs to know details about vaccine documentation, testing requirements and how to continue operations.
By Megan Poinski • Sept. 13, 2021 -
Joe Raedle via Getty Images
Anheuser-Busch taps new CMO, adds marketing role in C-suite shuffle
The shakeup sees the brewing company making significant moves toward advancing its consumer-first media strategy.
By Asa Hiken • Sept. 9, 2021 -
Tim Boyle via Getty Images
Kellogg investing $45M to revamp North American supply chain
The CPG giant has cut jobs as part of its effort to meet high demand for ready-to-eat cereal by shifting production to more efficient facilities.
By Chris Casey • Sept. 8, 2021 -
Courtesy of Tyson Foods
Tyson wins union support for worker vaccine mandate
An agreement with the United Food and Commercial Workers International Union granting paid sick leave to fully vaccinated employees comes shortly after the FDA approved Pfizer's COVID-19 shot.
By Jessi Devenyns • Sept. 6, 2021 -
Alex Wong via Getty Images
Kraft Heinz paying $62M to settle SEC investigation over its accounting
The agency said the CPG giant engaged "in a long-running expense management scheme" that resulted in the restatement of several years of financial reporting. The company did not admit to or deny the findings.
By Christopher Doering , Megan Poinski • Updated Sept. 3, 2021 -
Lillianna Byington/Food Dive
Ferrero names insider as new North American president
Former Ferrara CEO Todd Siwak takes over from Paul Chibe, who has been picked as global president for Ferrero Group's sugar confectionery and gums business.
By Samantha Oller , Christopher Doering • Sept. 3, 2021 -
Courtesy of Campbell Soup Company
Campbell Soup eyes at-home eating as key to soup growth
The company is expanding its product portfolio to tap into better-for-you trends and new meal occasions as the lingering pandemic keeps consumers at home.
By Samantha Oller • Sept. 2, 2021 -
Courtesy of Givaudan
Givaudan make strides in fermented ingredients by partnering with other companies
A natural component developed with Manus Bio will be available in 2021, and an agreement with Ginkgo Bioworks will help the Swiss flavor and fragrances giant recreate rare natural substances.
By Megan Poinski • Sept. 2, 2021 -
Courtesy of Nestlé
Nestlé opens its largest R+D Accelerator, dedicated to cross-category innovation
This is the latest in a series of R&D facilities that the world's largest food company has opened to help startups, students and its own employees bring products to market quickly.
By Jessi Devenyns • Sept. 1, 2021 -
Christopher Furlong via Getty Images
Boston Beer subsidiary to launch cannabis beverages in Canada through partnerships
The beer company's BBCCC will work with manufacturer Peak Processing Solutions and grower Entourage Health for drinks slated to go into production at the end of the year, while eyeing a potential future U.S. launch.
By Samantha Oller • Sept. 1, 2021 -
Permission granted by Nestle
Home-bound consumers perk up demand for Nestlé's Nespresso
The world's largest packaged food company said the coffee brand, which is posting double-digit annual growth, is benefiting from an e-commerce presence and the shift toward premiumization.
By Christopher Doering • Aug. 31, 2021 -
B&G Foods cuts 86 jobs in Maine factory sale
The more-than-100-year-old facility where B&M beans were made will become a new high tech and data science hub for Northeastern University.
By Megan Poinski • Aug. 31, 2021 -
Courtesy of AB InBev
AB InBev's Natural Light enters vodka category
The brand, which started out in beer 44 years ago, is launching three flavors of the spirit, including Lemonade, Strawberry Lemonade and Black Cherry Lemonade.
By Christopher Doering • Aug. 30, 2021 -
Permission granted by Tyson Foods
Tyson investing $300M in fully cooked chicken plant
The new facility will produce Any'tizer appetizers and chicken nuggets, and is slated to open in spring 2023.
By Chris Casey • Aug. 30, 2021 -
Courtesy of Sovos Brands
Sovos Brands prices IPO at $12, below expected range
The better-for-you food maker had previously looked to offer its shares between $14 and $16. The stock will trade on the NASDAQ under the ticker symbol SOVO.
By Megan Poinski • Updated Sept. 23, 2021
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