Corporate Operations: Page 94
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Dole merger with Europe's Total Produce to create global produce giant
The new business, with combined 2020 revenue of about $9.7 billion, would be the world's largest fresh produce company and have a presence in everything from bananas to avocados.
By Christopher Doering • Feb. 18, 2021 -
Courtesy of BlueTriton Brands
Nestlé's North American bottled water business renamed BlueTriton Brands after $4.3B sale
Private equity firm One Rock Capital Partners completed the acquisition and named Dean Metropoulos as chair and interim CEO on March 31.
By Christopher Doering • Updated April 7, 2021 -
Explore the Trendline➔
Andrea Verdelli via Getty Images
TrendlineHow AI is transforming the food and beverage industry
The technology helps Coca-Cola, Unilever and other companies with everything from writing product descriptions and designing packaging to measuring product demand and assessing shelf life.
By Food Dive staff -
Retrieved from Constellation Brands.
AB InBev files lawsuit against Constellation over use of Corona brand name
The alcohol giant said a 2013 agreement between the two companies only allows Constellation to use the brand name in the U.S. when it comes to beer.
By Christopher Doering • Feb. 17, 2021 -
Courtesy of Hershey
Hershey's 'big bet' on better-for-you confections
Producing more low- or no-sugar, organic and bite-size offerings could generate up to $1 billion in additional revenue for the iconic maker of Kisses and Reese's, a top executive said.
By Christopher Doering • Feb. 17, 2021 -
Courtesy of Nature's Fynd
Nature's Fynd launches fermented cream cheese and sausage online
The products, which sold out in hours, are a taste of what the company says it plans to roll out later this year.
By Megan Poinski • Feb. 16, 2021 -
Courtesy of Post Consumer Brands
Grape-Nuts shortage will be over in mid-March, Post says
The cereal brand struggled to stay on shelves as higher consumer demand during the pandemic challenged the company's supply chain.
By Barbara Smith • Feb. 16, 2021 -
Courtesy of General Mills
Nature Valley makes recyclable wrappers for granola bars
The General Mills brand did not patent the packaging technology and welcomes other snack manufacturers to adapt it to their products.
By Megan Poinski • Feb. 16, 2021 -
Courtesy of PepsiCo
PepsiCo CFO: 'The world is permanently shifted'
Hugh Johnston credited the company's successful fourth quarter to its commitment to understanding its new, evolving environment.
By Jane Thier • Feb. 15, 2021 -
Retrieved from Rule Breaker Snacks.
Grupo Bimbo takes minority stake in allergy-friendly snacks maker
The baking giant's venture capital arm, Bimbo Ventures, is investing an undisclosed amount in sweets maker Rule Breaker Snacks.
By Christopher Doering • Feb. 12, 2021 -
Ball, Molson Coors increase production and sourcing to combat aluminum can shortage
Ball Corporation anticipates "demand continuing to outstrip supply well into 2023," President Daniel Fisher said.
By A.B. Brown • Feb. 12, 2021 -
Permission granted by Coca-Cola
ColumnLeftovers: Topo Chico twists on the tangerine; Tillamook shows vintage cheese is in
The new fruit flavor is the latest bit of citrus to be added to the Coca-Cola-owned sparkling water brand, and SweetPea has a scoop: Chickpeas can make ice cream.
By Food Dive staff • Feb. 12, 2021 -
Courtesy of International Flavors & Fragrances
IFF gives activist investor seat on board
The ingredient company's agreement with Sachem Head Capital Management would give managing partner Scott Ferguson a 14th seat on its board.
By Megan Poinski • Updated March 8, 2021 -
Permission granted by Coca-Cola
Coke plans data-driven, 'always-on' experiential campaigns as sales dip
The company is looking to drive "greater efficiency across the marketing spend portfolio" and announced plans for Sprite's first global campaign.
By Robert Williams • Feb. 11, 2021 -
Permission granted by Ferrara
Why Ferrara says a socially distanced Valentine's Day is still sweet
While candy has always been important to the holiday, the top manufacturer of non-chocolate seasonal candy is using innovation and lessons from a year of lockdowns to help consumers share the love.
By Megan Poinski • Feb. 11, 2021 -
Courtesy of LIVEKINDLY
Puris partners with Livekindly to accelerate plant-based adoption
The goal of the joint ventures is to bring plant-based crops to other parts of the world while reducing waste when these commodities are turned into food.
By Christopher Doering • Feb. 11, 2021 -
Courtesy of Hu
Mondelez launches program for early-stage snack brands
The CoLab program, created by the company's SnackFutures venture hub, will provide resources and funds to startups as it gains insights from participants.
By Christopher Doering • Feb. 11, 2021 -
Heineken to cut 8,000 jobs as the pandemic hurts sales
The staff reduction, part of a broader effort to save $2.43 billion through 2023, comes as the alcohol maker focuses more on premium offerings and looks to move beyond beer.
By Christopher Doering • Feb. 10, 2021 -
Retrieved from TreeHouse Foods on July 01, 2016
Activist investor Jana nominates 2 directors to TreeHouse Foods' board
The firm is proposing to add former AdvancePierre Foods and Domino’s Pizza executives as the private label maker undergoes a strategic review.
By Christopher Doering • Updated Jan. 4, 2022 -
Courtesy of Aleph Farms
Aleph Farms unveils world's first cell-based ribeye steak
The Israeli company worked with researchers and utilized 3D bioprinting to make a piece of meat that looks like it came from a slaughtered cow, complete with differentiated fat cells.
By Megan Poinski • Feb. 10, 2021 -
Post Holdings prices SPAC units at $10 in deal that could raise more than $300M
The CPG maker, which said in February its SPAC aimed to raise $400 million, is expected to stay close to the food and beverage space as it looks for companies that will benefit from the experience of its management team.
By Christopher Doering • Updated May 26, 2021 -
Courtesy of PepsiCo
Aunt Jemima rebrands as Pearl Milling Company
PepsiCo chose the new name from the Missouri location where the breakfast brand was invented more than 130 years ago.
By Megan Poinski • Updated Feb. 10, 2021 -
Permission granted by Coca-Cola
Coca-Cola transitions to bottles made from 100% recycled plastic
The new packaging and a smaller bottle size will be gradually rolled out during the first half of the year in select states.
By Christopher Doering • Feb. 9, 2021 -
Courtesy of Danone
Danone's 'big runway' for growth is built on brand relevance, N. America CEO says
Shane Grant is feeling optimistic about the company's dominance in dairy and plant-based, even as an activist investor questions its larger strategy.
By Christopher Doering • Feb. 9, 2021 -
Hershey's CFO: Stay-at-home mandates 'played to our strengths'
As the candy giant reflects on a banner year, it is preparing to relaunch its zero sugar line and working on organic products with an eye on the better-for-you confection space.
By Jane Thier • Feb. 8, 2021 -
Permission granted by Nick's Ice Cream
How Nick's plans to redefine better-for-you ice cream
A $30 million funding round, new CEO and a partnership with Perfect Day give the Swedish treat maker a launchpad for U.S. growth in 2021.
By Megan Poinski • Feb. 8, 2021
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