Corporate Operations: Page 96
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Courtesy of Ukko
Ukko raises $40M for AI-enabled food allergy solutions
The company is making a nonallergenic version of gluten and a peanut tolerance treatment based on a safe version of the legume's protein.
By Megan Poinski • Jan. 27, 2021 -
Hippeas raises $50M to fund innovation and expansion plans
The chickpea snack maker also picked C-suite veteran Greg Buscher as its CFO and added investor and former PepsiCo and Mondelez executive César Melo to its board.
By Jessi Devenyns • Jan. 27, 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 Radius Networks
Online packaged food and beverage sales could top $100B in 2021
Grocery is now the top e-commerce CPG category, according to FMI and NielsenIQ, with dollar sales up 125% last year.
By Jeff Wells • Jan. 26, 2021 -
Courtesy of Molson coors
Molson Coors returning commercial operations of Superbird to Casa Komos
The beer giant, which has expanded the tequila-based cocktail into 24 states since a January 2021 partnership was struck, will have a minority stake in the brand’s parent company.
By Christopher Doering • Updated Aug. 22, 2022 -
Courtesy of The Coca-Cola Company
Coke delivers coffee-flavored soda from Walmart by drone
The stunt marks Coca-Cola with Coffee's official debut in the U.S., its 50th market since the product launched in Japan in 2018.
By Robert Williams • Jan. 26, 2021 -
Retrieved from Hungry Planet.
Post's dealmaking push accelerates with plant-based Hungry Planet partnership
Under the agreement, the St. Louis-based CPG company will distribute the upstart's meat-free burgers, chicken patties, sausage and crab cakes in grocery stores and to foodservice.
By Christopher Doering • Jan. 26, 2021 -
Retrieved from PepsiCo on March 07, 2019
PepsiCo and Beyond Meat to debut jerky snack as part of joint venture, Bloomberg reports
The two companies announced a partnership last January to develop, produce and market snack and beverage products made from plant-based protein.
By Christopher Doering • Updated Jan. 20, 2022 -
Bob Nichols. (2013). "20130822-OC-RBN-2946" [photograph]. Retrieved from Flickr.
White House withdraws Trump-era rule to permanently increase poultry line speeds
The USDA said revoking the measure, which would have increased line speeds to 175 birds per minute from 140, is part of a broader review of rules by the new administration.
By Christopher Doering • Jan. 26, 2021 -
Courtesy of Budweiser
Budweiser skips Super Bowl, reallocates ad budget to COVID-19 support
The AB InBev flagship will forgo a big game spot for the first time in 37 years, opting instead for vaccine awareness efforts that include a digital short film.
By Chris Kelly • Jan. 25, 2021 -
Courtesy of Eat Just
Plant-based Just Egg to launch sous vide bites
The egg substitute brand is adding a trendy product as more people look for vegan breakfast options.
By Megan Poinski • Jan. 25, 2021 -
Retrieved from Pilgrim's Pride on September 23, 2020
JBS USA and Pilgrim's offering workers $100 bonus to get COVID-19 vaccine
A small but growing number of food and grocery companies have offered cash or time off to get the shot, including Chobani, Instacart and Lidl.
By Christopher Doering • Jan. 25, 2021 -
Courtesy of Chobani
Chobani to give its 2,220 workers up to 6 hours off to get COVID-19 vaccine
The Greek yogurt maker said it's looking into hosting on-site vaccination clinics as soon as food processing workers become eligible for the shot.
By Christopher Doering • Jan. 22, 2021 -
Retrieved from Unilever on November 17, 2020
Unilever promises living wages to those directly supplying goods and services by 2030
The initiative, which would affect millions of workers across 190 countries, burnishes the company's reputation among consumers and potential hires.
By Jessi Devenyns • Jan. 22, 2021 -
Permission granted by Dr. Praeger’s
Dr. Praeger's Sensible Foods acquired by Vestar Capital Partners
The private equity group is investing in the 27-year-old company at a time when its plant-based and better-for-you frozen foods are exactly what consumers are looking for.
By Megan Poinski • Jan. 22, 2021 -
Ahead of SPAC deal closure, David Lee says AppHarvest 'will not miss a beat'
The company's new president, who was previously CFO of Impossible Foods, joined the firm just as it harvests its first crop and prepares to become publicly traded.
By Jane Thier • Jan. 21, 2021 -
PureCircle settles stevia patent infringement lawsuit
Under terms of the largely confidential settlement, a licensing agreement allows smaller provider Almendra to continue selling its disputed Steviarome ingredients worldwide.
By Megan Poinski • Jan. 21, 2021 -
Retrieved from Kind on August 21, 2020
Kind launches program for free dietitian consultations
The better-for-you snack brand, acquired by Mars last year, will match consumers with a professional in their state who will provide 15-minute nutritional sessions.
By Megan Poinski • Jan. 21, 2021 -
Wine industry sees uncertain future as pandemic and millennials cloud outlook
The alcohol segment could be on pace for continued consumption declines unless it can attract and retain younger and older consumers to the space.
By Christopher Doering • Jan. 21, 2021 -
Danone under pressure as activist investor pushes for change
Bluebell Capital Partners urged the Activia and Oikos maker to start searching for a new chief while splitting its chairman and CEO roles.
By Christopher Doering • Jan. 20, 2021 -
Courtesy of BlueNalu
BlueNalu gets $60M in debt financing to bring cell-based seafood to the US this year
The California company is building out its new 40,000-square-foot headquarters to scale up its never-fished mahi-mahi as it continues discussions with FDA regulators.
By Megan Poinski • Jan. 20, 2021 -
Courtesy of Truly Hard Seltzer
Truly Hard Seltzer targets millennials shunning Dry January
To promote new tea flavors, the brand offered free merchandise to the 62% of drinking-age millennials avoiding the alcohol-free movement.
By Robert Williams • Jan. 19, 2021 -
Deep Dive
Could 2021 be the breakout year for cannabis-infused food and beverages?
Although the pandemic slowed progress, the outlook is brighter as more companies enter the market and the regulatory environment has the potential to change.
By Lillianna Byington • Jan. 19, 2021 -
Campbell Soup to shutter Georgia plant with 326 workers by spring 2022
The closure of the 94-year-old plant, which makes candy, crackers, cookies, nuts and bars, reflects the company's need to increase efficiencies as consumer demand shifts.
By Christopher Doering • Jan. 19, 2021 -
Christopher Doering/Food Dive
How General Mills' CFO prioritizes social justice and sustainability
Sharing a headquarters city with the site of George Floyd’s killing and working to provide food during a crisis has made the company's ESG commitment more than a feel-good effort, Kofi Bruce said.
By Jane Thier • Jan. 15, 2021 -
Specialty Food Association launches 'Infinite Aisle' buying platform
The new marketplace connects retailers with many cottage suppliers and facilitates product shipments directly to stores.
By Jeff Wells • Jan. 15, 2021
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