Corporate Operations: Page 95
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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 -
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 Chobani
Chobani doubles down on probiotics as consumers seek immunity-boosting products
The dairy giant is debuting a line of yogurt cups and drinks that spotlight the microorganisms, as well as an extension geared toward children.
By Christopher Doering • Dec. 10, 2020 -
Kendall Davis/Food Dive
Dive Awards
The Food Dive Awards for 2020
From Impossible Foods' retail shift to Mondelez's growing online presence, these are the companies and executives that quickly changed strategies as the industry was upturned by the pandemic.
By Food Dive Team • Dec. 9, 2020 -
Courtesy of Impossible Foods
Dive Awards
Innovator of the Year: Impossible Foods
This year, the plant-based meat maker quickly pivoted its business strategy as the pandemic hit, accelerating its launch into grocery stores while also debuting a prototype for Impossible Milk.
By Megan Poinski • Dec. 9, 2020 -
Yujin Kim/Food Dive, data from Utz
Dive Awards
Executive of the Year: Dylan Lissette, Utz
This year, the longtime CEO led the snack company to a deal with blank check firm Collier Creek Holdings, and was at the helm as it went public on the NYSE and acquired two more snack brands.
By Lillianna Byington • Dec. 9, 2020 -
Permission granted by Mondelez International
Dive Awards
Company of the Year: Mondelez
The Oreo maker quickly pivoted early in the pandemic to boost its e-commerce channels, simplify its portfolio and offer right-sized packages for consumers during peak stockpiling.
By Christopher Doering • Dec. 9, 2020 -
Retrieved from Bang Energy.
PepsiCo remains 'exclusive distributor' of Bang Energy drinks, arbitrator rules
The interim order, which said Bang must honor the terms of the agreement, prevents social media posts without approval and the release of "disparaging statements" on the soda giant.
By Christopher Doering • Dec. 8, 2020 -
Brynwood Partners acquires Arytza's US frozen pizza business
The divestment comes as there is an offer on the table from Elliott Management to fully buy the struggling Swiss and Irish bakery company for $890 million.
By Jessi Devenyns , Megan Poinski • Dec. 8, 2020 -
Courtesy of Gotham Greens
Indoor produce grower Gotham Greens raises $87M to fuel expansion plans
The flourishing indoor greenhouse segment has been popular for investors in 2020, with BrightFarms, Revol Greens and AppHarvest also raising money for their development efforts.
By Christopher Doering • Dec. 8, 2020 -
Sam Silverstein/Food Dive
CPG portfolio reshaping will accelerate in 2021, analysts predict
Food and beverage companies have long relied on M&A, and a new report from Credit Suisse said that strategy will gain further traction after a windfall of sales during the pandemic increased financial flexibility.
By Jessi Devenyns • Dec. 8, 2020 -
McDonald's the latest restaurant chain to accuse Tyson, Pilgrim's Pride of price fixing
The fast-food giant joins other restaurants, CPG companies, grocery chains and distributors who have levied similar changes against the chicken processors.
By Lillianna Byington • Updated April 7, 2021 -
Retrieved from Conagra Brands.
Conagra Brands to sell Peter Pan peanut butter to Post Holdings
Financial terms of the transaction, which is expected to close in the first quarter of 2021, were not disclosed.
By Christopher Doering • Dec. 7, 2020 -
USDA photo by Preston Keres. (2017). "20170428-OSEC-PJK-1465" [photograph]. Retrieved from Flickr.
JBS removes vulnerable workers during coronavirus spike in community
The 202 at-risk employees removed from the Greeley, Colorado, beef plant are receiving full pay and benefits as cases in the area rise.
By Lillianna Byington • Dec. 7, 2020 -
Courtesy of Mosa Meat
Mosa Meat gets $19.7M to scale up and continue moving toward cell-based meat products
The Dutch company that created the world's first cell-based hamburger has now raised a total of $91 million, and hopes to have products on the market in 2022.
By Megan Poinski • Dec. 7, 2020 -
Permission granted by General Mills
ColumnLeftovers: General Mills brings Sesame Street to cereal; Wicked Weed brews donut-flavored beer
The boxes featuring characters from the 51-year-old educational TV show will arrive on shelves next month, and Borden Dairy is mixing it up with three varieties of creamy salsa.
By Food Dive staff • Dec. 4, 2020 -
Courtesy of Barry Callebaut
Barry Callebaut to expand La Morella Nuts globally in 2021
The premium Spanish nut company was acquired in 2012 for its synergies with the chocolate ingredient leader's primary business. The line will be available in North America next year.
By Megan Poinski • Dec. 3, 2020 -
Permission granted by Tate & Lyle
Tate & Lyle acquires stevia manufacturer Sweet Green Fields
Before taking full ownership, the British company had both a minority stake and a global distribution partnership with the U.S.-based firm.
By Jessi Devenyns • Dec. 3, 2020 -
Nestlé to invest $3.6B to curb emissions and boost sustainability
The world's largest food company says it will use the money over the next five years as part of its long-term goal to cut its emissions in half by 2030 and reach net-zero emissions by 2050.
By Christopher Doering • Dec. 3, 2020 -
Labeling on plant-based meat is 'potentially misleading,' judge rules
An Oklahoma court issued the first ruling that favored state labeling restrictions on the segment, denying the motion for an injunction as the case continues.
By Megan Poinski • Dec. 3, 2020 -
Courtesy of Lidl/Businessnewswire
Lidl launches ethically sourced, private label chocolate bar
Way To Go products guarantee farmers receive the Fairtrade Minimum Price for cocoa, along with extra money to boost their income and develop higher-yield farming techniques.
By Rosie Bradbury • Dec. 3, 2020 -
Courtesy of Eat Just
Race for regulation of cell-based meatEat Just lands first regulatory approval for cell-based meat
Singapore has greenlighted the company's chicken bites, which will be sold at a restaurant on the island nation in the near future.
By Megan Poinski • Dec. 2, 2020 -
Molson Coors boosts production capacity for seltzers, hit products by over 400%
The beer giant said the investments will allow it to keep up with demand for recent introductions such as Vizzy, Coors Seltzer and LightSky while preparing for new launches.
By Christopher Doering • Dec. 2, 2020 -
Jones Soda promotes Mark Murray to CEO
The former Kraft Foods executive quickly made his mark on the small beverage maker since becoming its president in September. Sales during the company's third quarter rose 17% from 2019.
By Christopher Doering • Dec. 2, 2020 -
The image by Department of Foreign Affairs and Trade, Photo taken by Irene Scott for AusAID is licensed under CC BY 2.0
Supreme Court rules in favor of Nestlé USA and Cargill in human rights abuses case
The ruling reversed a lower court decision allowing the lawsuit to proceed. The companies were accused of not doing enough to monitor their cocoa suppliers in Africa where there have been allegations of child slavery and labor.
By Lillianna Byington • Updated June 17, 2021
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