Corporate Operations: Page 97
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Home food consumption to fall in 2021 as normal spending patterns return: Moody's
Still, the firm added that "residual benefits from the pandemic ... will support solid earnings growth for 2022 and beyond," with large food makers as the biggest beneficiaries.
By Christopher Doering • Nov. 13, 2020 -
Courtesy of Perdue Farms
ColumnLeftovers: Perdue debuts turkey nuggets for an unconventional Thanksgiving; chocolates get a Truly hard seltzer infusion
The century-old poultry giant is launching limited quantity frozen turkey meat nuggets in the shape of the bird, and Pringles is cranking up the heat with the launch of its Scorchin' line.
By Food Dive staff • Nov. 13, 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 -
ADM invests in microbiome fund
The company said this fits into its larger strategy of pursuing the development of ingredients that are functional and provide health benefits to consumers.
By Jessi Devenyns • Nov. 12, 2020 -
IFF completes $26.2B merger with DuPont unit
The combined company has an estimated 2020 pro forma revenue of more than $11 billion and EBITDA of approximately $2.5 billion.
By Megan Poinski • Updated Feb. 1, 2021 -
Courtesy of Beyond Meat
Beyond Meat acquires co-packer to tackle unit costs
The $14.5 million deal will provide the company opportunities to test new processes and more quickly scale up products, CEO Ethan Brown said.
By Emma Cosgrove • Nov. 12, 2020 -
Permission granted by Truco Enterprises
Utz buys chips and salsa maker On The Border for $480M
The nearly 100-year-old snacking company's second acquisition since going public in August will help it enter new categories and grow its national footprint.
By Christopher Doering • Nov. 12, 2020 -
Deep Dive
Once mocked, nonalcoholic beer creates a buzz as traditional brew sales stagnate
New offerings from brands like Guinness and Budweiser are flooding the space as the segment, which pulls in nearly $200 million in sales, suddenly heats up.
By Christopher Doering • Nov. 12, 2020 -
Retrieved from McDonald's on July 25, 2019
McDonald's plants its flag in the alternative meat space
The QSR giant will start testing its McPlant product line in 2021, but controversy has already arisen over which company is supplying the products.
By Emma Liem Beckett • Nov. 11, 2020 -
Courtesy of Mars Wrigley
Mars Wrigley doubles down on digital to align with shifting c-store shopping behavior
E-commerce strategy and innovative new products help chart the confectioner's success this year in convenience stores and beyond, company officials said.
By Megan Poinski • Nov. 11, 2020 -
Consumers say snacking is a 'lifeline' during pandemic, with 88% doing it more or the same
A report from Oreo and Ritz maker Mondelez International also found 70% of millennials and 67% of those working from home prefer snacking over meals.
By Jessi Devenyns • Nov. 11, 2020 -
Kendall Davis/Industry Dive/Food Dive, data from Marc Nozell
What could Biden's win mean for the CPG industry?
The Consumer Brands Association outlined its expectations for the new administration, saying it could lead to policy shifts in regulation and the federal response to COVID-19, but uncertainty on the legislative front.
By Jessi Devenyns • Nov. 10, 2020 -
Permission granted by Mondelez International
Mondelez CEO touts growth after pandemic as CPG keeps tight focus on snacking
Dirk Van de Put said while he played a bigger role guiding the Oreo maker early during coronavirus, the company has shifted back to normal operations and expects sales hurt by the outbreak to recover.
By Christopher Doering • Nov. 10, 2020 -
Opinion
The food industry is not recognized for sustainability. How can we fix that?
Companies are making real progress with environmentally friendly policies, but rarely are recognized. Puris Holdings CEO Nicole Atchison looks at how that could be changed.
By Nicole Atchison • Nov. 9, 2020 -
Permission granted by Celsius Holdings
Deep DiveHow a Monster competitor plans to be the next $1B brand in energy drinks
Fast-growing Celsius Holdings has shaken the $14 billion beverage segment dominated by deeper-pocketed players like Red Bull by eschewing questionable ingredients and promising faster calorie burning during exercise.
By Christopher Doering • Nov. 9, 2020 -
Smithfield Foods will pay $83M to settle pork price-fixing claims
The meat supplier told Reuters the settlement eliminates a "substantial portion" of its exposure in the litigation and that it denied liability in agreeing to settle.
By Jessi Devenyns • Updated June 30, 2021 -
Courtesy of MTN Dew
ColumnLeftovers: Mtn Dew hot sauce is a fiery mashup; Godiva sparkles for the holidays
The PepsiCo soda brand partnered with iBurn and the NBA's Joel Embiid to launch the extremely limited bright green condiment, and Quest Nutrition makes peanut butter cups with less sugar.
By Food Dive staff • Nov. 6, 2020 -
Permission granted by SweeGen
SweeGen debuts new stevia ingredient Reb I
This newest sweetener has less bitterness and a clean profile, the company says, putting it in line with current trends in the space.
By Jessi Devenyns • Nov. 5, 2020 -
How Kellogg prepared for the e-commerce surge by boosting its tech and talent
The 114-year-old company's online sales have nearly doubled as it has spent the last two years investing in hiring specialized digital experts and building out its platform.
By Lillianna Byington • Nov. 5, 2020 -
Retrieved from SweetWater Brewing Company on November 04, 2020
Cannabis company Aphria to acquire SweetWater Brewing for $300M
This deal, which is expected to close by the end of 2020, will give the Canadian company an established distribution network in the U.S., while also expanding the Georgia craft brewer's reach.
By Lillianna Byington • Nov. 5, 2020 -
TreeHouse buys regional pasta brand maker for $242.5M
The majority purchase of Riviana Foods — the first acquisition for the private label manufacturer in years — brings brands including Prince, Creamette, American Beauty and San Giorgio into its portfolio.
By Megan Poinski • Nov. 5, 2020 -
Courtesy of MolsonCoors
Molson Coors considers scrapping some offerings amid can shortage
The decision to cut SKUs comes as the beer giant accelerates its expansion into nonalcoholic offerings, such as full-flavored seltzers and a plant-based diet soda.
By Christopher Doering • Nov. 5, 2020 -
USDA. (2017). Retrieved from Flickr.
Lawmaker calls for probe into JBS' government subsidies
Rep. Rosa DeLauro sent a letter to USDA Secretary Sonny Perdue renewing her calls for an investigation after the meatpacker's parent company pleaded guilty to violating the Foreign Corrupt Practices Act.
By Lillianna Byington • Nov. 4, 2020 -
Butter sales surge as consumers spend more time baking at home
Dairy producer Land O'Lakes, which is selling record amounts of the ingredient, expects sales to increase more than 20% in 2020.
By Jessi Devenyns • Nov. 4, 2020 -
Courtesy of The Hershey Company
Hershey bets on product mashups by weaving licensing into marketing
As it expands into categories in which it doesn't have experience or distribution, the confections juggernaut sees unexpected partnerships as key to its success.
By Aaron Baar • Nov. 3, 2020 -
Permission granted by Tyson Foods
Deep DiveMeat processors expedite plans to implement robotics as pandemic increases pressure
The future of meat manufacturing could include 3D scanners and automated cutting. Tyson, Smithfield, Cargill and JBS are all looking at ways to incorporate more automation.
By Lillianna Byington • Nov. 2, 2020
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