Corporate Operations: Page
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Permission granted by Benson Hill
ADM acquires non-GMO soy ingredients maker Sojaprotein
The purchase of the Serbia-based company for an undisclosed amount continues the agribusiness giant's push to expand its plant protein manufacturing capabilities.
By Lauren Manning • July 29, 2021 -
Retrieved from TreeHouse Foods on July 01, 2016
TreeHouse to pay $27M to settle class action following 2016 purchase of Conagra unit
An Illinois judge granted preliminary approval of a deal reached as part of a case filed five years ago claiming the private label food maker overstated how its business was performing.
By Christopher Doering • July 29, 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 -
Ulet Ifansasti via Getty Images
Surge in coffee prices to a multi-year high could impact major CPGs
Lower output of the commodity following frost in Brazil may squeeze manufacturers of the beverage, including Nestlé, J.M. Smucker and Coca-Cola.
By Lauren Manning • July 29, 2021 -
Permission granted by Zevia
Fresh off its IPO, stevia-sweetened soda maker Zevia aims for beverage dominance
CEO Paddy Spence said his company, which competes against Coca-Cola, PepsiCo, LaCroix and Monster, is considering entering coffee and sports drinks.
By Christopher Doering • July 28, 2021 -
Permission granted by American Bakers Association
Fewer than half of food execs are prepared for the future of work, study finds
Nine in 10 people are investing in future-of-work-related initiatives, but only 11% are putting significant funds there, according to Deloitte and the Food Industry Association.
By Megan Poinski • July 28, 2021 -
Courtesy of Wicked Kitchen
Wicked Kitchen launches at 2,500 Kroger and Sprouts stores nationwide
A week after closing a $14 million investment round, the U.K. brand, which made its name at Tesco and is headed by big names in the U.S. food business, brings a wide variety of SKUs to consumers.
By Megan Poinski • July 27, 2021 -
Adeline Kon and Christopher Doering/Food Dive
Deep DiveThe thrill-seeking, concert-loving CEO behind Hain's rapid turnaround
Mark Schiller, whose rare blend of humor and business savvy played a part in reviving brands at PepsiCo and Pinnacle Foods, is immersed in his biggest challenge yet: Hain Celestial.
By Christopher Doering • July 27, 2021 -
Joe Raedle via Getty Images
Consumers are feeling the heat from summer inflation, report says
Sixty percent of consumers surveyed by data firm Numerator said they’ll switch to lower priced brands if significant inflation continues.
By Jeff Wells • July 26, 2021 -
Megan Poinski/Food Dive
Utz builds out top ranks with 3 C-suite appointments
With the creation of a COO role and appointment of a new CFO and chief people officer, the snack maker continues a rapid makeover of its executive office while growing its portfolio through acquisitions.
By Christopher Doering • July 26, 2021 -
Courtesy of NotCo
Plant-based NotCo gets $235M for expansion
The funds bring the valuation of the Chilean company, which uses artificial intelligence to create realistic plant-based substitutes, to $1.5 billion.
By Megan Poinski • July 26, 2021 -
Adeline Kon and Christopher Doering/Food Dive
Deep DiveInside Hain Celestial's fight to regain its swagger
Once a disjointed collection of brands and close to having its stock delisted, the organic and natural products leader has cut money-losing products, prioritized innovation and improved its credibility with retailers.
By Christopher Doering • July 26, 2021 -
Courtesy of The Good Crisp Company
ColumnLeftovers: Feel-good cheese balls offer a functional snack; Dogfish Head gets into plant-based ice cream
The Good Crisp Company taps a clinically proven immune booster for its new offering, and Shrubbly adds some lift to vinegar-based beverages.
By Food Dive staff • July 23, 2021 -
Courtesy of Truly Hard Seltzer
Boston Beer overestimated demand for hard seltzer as once-hot category shows signs of slowing
CEO Dave Burwick told analysts there are too many brands that are the same and not enough shelf space, leading to the prediction that some will be discontinued.
By Christopher Doering • July 23, 2021 -
Permission granted by Nobell Foods
Plant-based cheese maker Nobell Foods raises $75M for expansion
The California-based company, which gets casein protein from bioengineered soybeans, is eyeing a late 2022 product launch.
By Megan Poinski • July 23, 2021 -
Courtesy of Tate & Lyle
Tate & Lyle works to meet 'extreme' surge in allulose demand
The British company that was the first to put the natural sweetener on the market is trying to increase capacity for the ingredient as need outpaces supply.
By Megan Poinski • July 22, 2021 -
Courtesy of PepsiCo
Frito-Lay bucks the trend of supply chain simplification
The snack brand is embracing complexity, which demands a supply chain that's primed for efficiency.
By Shefali Kapadia • July 22, 2021 -
Ben & Jerry's butts heads with Unilever over brand's presence in Israel
The clash speaks to the potential limits of marketing consumer brands around divisive social causes, particularly at a time when such issues are in the international spotlight.
By Peter Adams • July 21, 2021 -
Courtesy of Quinn
Snack maker Quinn secures $10M to fuel growth and innovation
The maker of popcorn and other offerings, which counts Hershey as an investor, has benefited from its focus on sustainability, transparency, traceability and the popularity of snacking.
By Christopher Doering • July 21, 2021 -
How will plant-based chicken impact traditional poultry?
The industry has been largely silent about threats the analogs may pose, with some poultry companies even dabbling in alternative products.
By Megan Poinski • July 21, 2021 -
Courtesy of Daring Foods
Deep DiveWhy chicken is taking over plant-based meat
With Beyond Meat and Impossible Foods entering the space and new options filling freezer cases, the potential for the poultry analog suddenly seems limitless.
By Megan Poinski • July 20, 2021 -
Retrieved from RXBar.
Kellogg's RX brand launches protein-rich cereals
The move into better-for-you cereal marks the latest in a series of extensions that has included kid snacks, nut butters and oats.
By Lauren Manning • July 20, 2021 -
Courtesy of Nature's Fynd
Nature's Fynd closes $350M investment round
The fermented protein company will use the funds to accelerate growth, with plans for a wide-scale 2022 product launch.
By Megan Poinski • July 19, 2021 -
Courtesy of Impossible Foods
Impossible Foods plans to debut chicken nuggets this fall
The plant-based company will introduce prototypes at a trade show this week, and told Bloomberg it is eyeing a launch in foodservice, then retail.
By Megan Poinski • July 16, 2021 -
Courtesy of Kraft Heinz
ColumnLeftovers: Kraft Macaroni & Cheese enters the ice cream aisle; Coors Light crafts a game-winning brew
The food company partners with Van Leeuwen to mix together two iconic comfort foods, and Johnsonville turns sausage into bacon-like strips.
By Food Dive Staff • July 16, 2021 -
Mark Wilson via Getty Images
Rising costs a top concern of food and beverage leaders, survey finds
A recent jump in commodity and delivery expenses ranked among the leading issues for industry executives, while healthier and plant-based options offer growth potential, according to a report by Mazars.
By Samantha Oller • July 15, 2021
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