Corporate Operations: Page
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Courtesy of Tate & Lyle
Tate & Lyle sells controlling stake of corn-based products arm to private equity
The British company will retain the division that makes alternative sweeteners, texturizers and soluble fibers, but still receive some of the proceeds from the commodity business that will be run by KPS Capital Partners.
By Megan Poinski • July 15, 2021 -
Scott Olson via Getty Images
Boston Beer and Beam Suntory launch Sauza Agave Cocktails
The beverages, created through a partnership to bring several of their products into the fastest-growing beverage alcohol segments, is the tequila brand's first RTD offering.
By Christopher Doering • Updated March 16, 2022 -
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 -
Matthew Stockman via Getty Images
JBS USA latest food maker to tie environmental performance goals to executive pay
The meat processor, while avoiding specifics on the commitment, joins other CPGs such as Unilever and Danone that have made similar pledges.
By Christopher Doering • July 15, 2021 -
Courtesy of Oatly
Oatly accused by short seller of overstating revenue and sustainability efforts
Spruce Point Capital's 124-page report says it believes the Swedish company will never be profitable and that its stock could be 70% overvalued.
By Christopher Doering , Megan Poinski • July 14, 2021 -
Courtesy of Future Meat Technologies
Nestlé works with Future Meat Technologies to explore cell-based meat's potential
The announcement stops short of disclosing any guarantees of product development between the two companies.
By Megan Poinski • July 14, 2021 -
Barry Brecheisen via Getty Images
PepsiCo says it's grabbing market share from Coca-Cola, smaller players
CFO Hugh Johnston told CNBC the beverage giant is seeing strong demand for classic brands like Pepsi and Tropicana and new offerings like Mtn Dew Rise Energy.
By Christopher Doering • July 13, 2021 -
Courtesy of Coca-Cola
Coca-Cola changes taste of Zero Sugar to be more like Coke
The flavor, which was achieved by tweaking the ingredient mix, also includes a new package design. The product will start hitting U.S. shelves this month.
By Christopher Doering • July 13, 2021 -
Courtesy of Smithfield Foods
Smithfield Foods names its second CEO in less than a year
Company veteran Shane Smith will assume the top role at the pork processor. He takes over immediately for Dennis Organ, who is stepping down for personal reasons.
By Christopher Doering • July 12, 2021 -
Alex Wong via Getty Images
Biden plans to crack down on meat price fixing
As prices for consumers climb, a White House blog post runs down the initiatives the administration is pursuing to level the playing field.
By Megan Poinski • Updated Sept. 8, 2021 -
Permission granted by General Mills
ColumnLeftovers: Yoplait offers a taste of the Skittles rainbow; PB&J 'Candwiches' make their vending debut
General Mills puts Mars' popular candy into its latest yogurt mashup, while NuttZo takes a stab at a better-for-you chocolate spread.
By Food Dive staff • July 9, 2021 -
Courtesy of BlueTriton Brands
Water bottler BlueTriton names former J&J, Procter & Gamble exec as CEO
Jorge Mesquita will oversee brands such as Poland Spring and Deer Park, which were purchased earlier this year from Nestlé for $4.3 billion.
By Lauren Manning • July 9, 2021 -
Retrieved from Molson Coors.
Molson Coors ending production of Coors Seltzer, Brewbound reports
The discontinuation of the product allows the beverage giant to focus its efforts in the category on more promising brands such Topo Chico Hard Seltzer and Vizzy.
By Christopher Doering • July 9, 2021 -
Courtesy of Mars Wrigley
Chewing gum sales see post-pandemic bump
As mask-wearing mandates expired this spring, consumers in seek of fresher breath triggered a category revival after years of decline.
By Samantha Oller • July 8, 2021 -
Jack Taylor via Getty Images
Better Juice raises $8M to cut sugar in orange juice
The company's technology reduces the amount of the sweetener by up to 80% by converting fructose, glucose and sucrose into prebiotic dietary fibers and other non-digestible molecules.
By Lauren Manning • July 8, 2021 -
Courtesy of Beyond Meat
Beyond Chicken Tenders launch in foodservice
Beyond Meat's new offering, which is primarily made with fava bean protein, is available at hundreds of locations nationwide starting today.
By Megan Poinski • July 8, 2021 -
Courtesy of Kellogg
Researchers create snack prototypes that change the gut microbiome
Washington University is studying how various fibers interact with the body and how they are absorbed to determine which ones would have the greatest impact on human health.
By Christopher Doering • July 8, 2021 -
Courtesy of Aleph Farms
Aleph Farms closes $105M funding round to bring cell-based meat to market in 2022
The Israeli company, which has partnerships to produce cultured meat in several countries, will use the funds to scale manufacturing, expand its international presence and develop products and technology.
By Megan Poinski • July 7, 2021 -
Courtesy of Meati
Meati raises $50M for whole-cut meat alternatives
The Colorado company that uses mycelium to make analogs of steak, chicken and jerky will use the funds to complete its 80,000-square-foot plant as it eyes a 2022 launch for its products.
By Megan Poinski • July 7, 2021 -
Courtesy of Chobani
The road to Chobani's IPOChobani files confidentially for IPO
The New York-based food company has long been rumored to be interested in going public, but details of its potential offering were not disclosed.
By Megan Poinski , Christopher Doering • Updated July 7, 2021 -
Catherine Douglas Moran/Food Dive
Opinion3 metrics CPG startups should play to their advantage
As up-and-coming brands struggle to stand out in today’s competitive food and beverage landscape, here’s how they can demonstrate their value, writes Susan Dunn of NielsenIQ.
By Susan Dunn • July 6, 2021 -
Courtesy of Future Farm
Brazil's Future Farm launches its US expansion with the mission to democratize plant-based meat
The South American brand has spread to 23 countries since 2019, but plans to draw up to 65% of its sales from the U.S. market within a couple years, says U.S. CEO and former Red Bull exec Alexandre Ruberti.
By Megan Poinski • July 6, 2021 -
Permission granted by Tyson Foods
Tyson recall expands to nearly 9M pounds of ready-to-eat frozen chicken
The USDA updated poundage figures after receiving more information about the affected product, which has been linked to three cases of listeriosis.
By Christopher Doering • Updated July 9, 2021 -
Courtesy of Nestle
Nestlé invests $100M to expand operations at frozen foods factory in SC
The company will use the funds to increase production of popular brands like Lean Cuisine and Stouffer's as consumers continue to flock to frozen meals.
By Lauren Manning • July 2, 2021 -
Justin Sullivan via Getty Images
Dole targets $2.1B valuation in IPO
As it launched its pre-IPO roadshow this week, the company said it expects its IPO price to be between $20 and $23 per share.
By Megan Poinski • Updated July 22, 2021 -
Permission granted by Home Chef
Meal kit sales will sharply decelerate this year, report predicts
Coresight Research expects industry growth to slow from 70% in 2020 to roughly 18% in 2021 as pandemic-fueled interest wears off.
By Catherine Douglas Moran , Jeff Wells • July 2, 2021
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