Corporate Operations: Page 94
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2020's 10 biggest M&A deals in the food and beverage industry
Despite the pandemic, companies found ways to streamline their operations as needed and expand their portfolios when opportunities arose. These are some of the largest moves this year.
By Food Dive staff • Dec. 23, 2020 -
Frozen food sales soar with homebound consumers during pandemic
Sales in the category jumped 17.4% between November 2020 and the same month a year earlier. The largest gains came in processed poultry, seafood, snacks and beverages.
By Jessi Devenyns • Dec. 23, 2020 -
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 -
Samantha Liss, Healthcare Dive
Deep Dive5 questions to ask before adopting a coronavirus vaccine policy
Vaccines are still one arrow in an employer's COVID-19 quiver, an attorney said. Incentives and education may also be preferable to mandates.
By Ryan Golden • Dec. 22, 2020 -
Christopher Doering/Food Dive
Zevia closes $200M funding round with Canadian investment firm
The stevia sweetened soda company is planning to use the money and partnership to fuel its global expansion strategy and better manage its assets.
By Jessi Devenyns • Dec. 22, 2020 -
Courtesy of Very Good Butchers
Eat Beyond aims to change the way people invest in protein alternatives
The investment fund — which is currently publicly traded on three exchanges — serves both those who want to support the future of food and smaller companies with big ideas.
By Megan Poinski • Dec. 22, 2020 -
Courtesy of Novavax, Australian Broadcasting Corporation
Food workers should be among the next in line for the vaccine, CDC panel says
Roughly 30 million people fall into this group, including those in food production and manufacturing, but the recommendations still need to be approved by the agency's director and adopted by states.
By Lillianna Byington • Dec. 21, 2020 -
Study: Food industry funding can influence research
About 13% of articles in the top 10 most-cited nutrition journals in 2018 were backed by the industry, and of those, 56% were favorable to their interests, according to a paper published in Plos One.
By Jessi Devenyns • Dec. 18, 2020 -
Permission granted by PepsiCo
ColumnLeftovers: Pepsi to debut 'Cocoa' Cola this winter; PBR combines pretzels, beer and brats
The seasonal soda tastes like a blend of the soft drink, hot chocolate and a hint of marshmallow, and Kellogg is launching a homestyle recipe of its classic Rice Krispies Treats.
By Food Dive staff • Dec. 18, 2020 -
Coca-Cola to cut 2,200 jobs — most in the US — as part of restructuring
The staff reduction comes as the part of a broader overhaul accelerated by the pandemic, which has seen the beverage giant end production of brands including Tab and Odwalla.
By Christopher Doering • Dec. 18, 2020 -
Why Kraft Heinz leaders say their new strategy will drive growth beyond the pandemic
The CPG giant's strategic reset instituted ideas that executives say were good business decisions. This plan, coupled with shifting consumer needs, leads them to say the future is bright.
By Megan Poinski • Dec. 17, 2020 -
NYC comptroller calls on SEC to investigate Tyson Foods
The official is asking for a probe into the meat giant for "flagrantly misrepresenting its poor pandemic response" and making misleading disclosures to investors.
By Lillianna Byington • Dec. 17, 2020 -
Retrieved from Wholesome Sweeteners.
Whole Earth to buy Wholesome Sweeteners for up to $235M
This latest acquisition gives Whole Earth a bigger presence in plant-based and fair-trade certified sweeteners, including sugar, honey and agave nectar.
By Christopher Doering • Dec. 17, 2020 -
As vaccine rollout begins, the food industry jockeys for priority
While CPG trade groups and meat companies lobby to be in the next phase, many are also offering to help officials with distribution and developing plans for what comes next.
By Lillianna Byington • Dec. 16, 2020 -
Courtesy of Eat Just
Deep Dive // Race for regulation of cell-based meatFrom science to reality: What approval of cell-based meat means for the industry
Singapore's approval of cultured meat is the beginning of a journey to bring something new to the business and potentially change how the world makes food.
By Megan Poinski • Dec. 15, 2020 -
Retrieved from Almark Foods.
Post Holdings makes another deal with purchase of hard-boiled egg producer
Almark Foods, which is being acquired for an undisclosed amount, will fold into the company's Michael Foods egg business when the deal closes in the first quarter of 2021.
By Christopher Doering • Dec. 15, 2020 -
Retrieved from Nestle on January 31, 2018
Nestlé explores alternative packaging technologies with startup investment
As part of its deal with Timeplast, a startup investigating ways to minimize the impact of improperly recycled plastic on the environment, the Swiss company will provide financing and additional support.
By Jessi Devenyns • Dec. 14, 2020 -
Permission granted by Mars
Deep DiveBreaking down Mars' maverick move for a more sustainable palm oil supply chain
Reducing its palm oil mills from 1,500 to 50 in three years to meet internal goals is a decisive move that will almost certainly work, but the impact beyond Mars' supply chain is less certain.
By Emma Cosgrove • Dec. 14, 2020 -
Permission granted by PepsiCo
OpinionThe future is not what it used to be: How digitization will revolutionize the food system
While the industry wasn't fully prepared for the pandemic, technological changes in areas like processing and packaging should help it respond to future challenges, said René Lammers, PepsiCo's chief science officer.
By René Lammers • Dec. 14, 2020 -
Courtesy of General Mills
New launches highlight cereal's use as a snack
General Mills and Kellogg's sweet varieties, mixes and portable bars show the products aren't just for breakfast anymore.
By Jessi Devenyns • Dec. 11, 2020 -
Retrieved from Mariah's Cookies on December 04, 2020
ColumnLeftovers: Mariah Carey's cookies delivered to your door; Martha Stewart comes to the freezer aisle
If all you want for Christmas are baked goods bearing the pop diva's name, you're in luck, and Oreo fans can fill their homes with the smell of the signature cookie.
By Food Dive staff • Dec. 11, 2020 -
Ocean Spray partners to create protein-sweetened, reduced-sugar cranberry juice
The cooperative is partnering with Amai Proteins to develop a beverage that has at least 40% less sugar.
By Samantha Oller • Dec. 10, 2020 -
Why natural colors are poised to pop in 2021
As consumers flock to natural ingredients, manufacturers of products such as energy drinks, condiments and dairy alternatives are turning to plants for their hues.
By Jessi Devenyns • Dec. 10, 2020 -
Permission granted by Benson Hill
Benson Hill's mountain of a challenge: Bringing back taste and nutrition lost in food
The 8-year-old company looks to use CRISPR and data analytics to boost flavors, from restoring the natural taste in a store-bought tomato to eradicating the bitterness in yellow peas.
By Christopher Doering • Dec. 10, 2020 -
Courtesy of Nature's Fynd
Nature's Fynd raises $45M and hires CPG veterans
The company, which will make food from an organism first found in geothermal springs, is gearing up for a 2021 product launch.
By Megan Poinski • Dec. 10, 2020 -
Butterball to cut 450 manufacturing jobs in 2021
The turkey company is halving staff at its Missouri processing plant because of tough conditions in the commodities market and a renewed focus on offerings that "better align" with consumer demand.
By Jessi Devenyns • Dec. 10, 2020
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