Corporate Operations: Page 98
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Courtesy of Tyson Foods
Tyson Foods brings plant-based meats to its Jimmy Dean brand
The new breakfast sandwiches are the first faux meat offering from an existing brand at the Arkansas-based company, which entered the space two years ago.
By Christopher Doering • Jan. 6, 2021 -
Courtesy of Hu
Mondelez buys premium chocolate and snack maker Hu for undisclosed amount
The snacking giant, which took a minority stake in the brand nearly two years ago, has been bulking up its portfolio through deals with brands focused on simpler ingredients.
By Christopher Doering • Jan. 5, 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 -
Permission granted by Fitvine
FitVine aims to upend 'stuffy' wine dominated by big players with better-for-you offering
The company's low-sugar drinks have made the California startup one of the fastest-growing alcohol brands and the top-growing wine label in the U.S.
By Christopher Doering • Jan. 5, 2021 -
Retrieved from USDA photo by Preston Keres via Flikr.
Tyson Foods not protected by executive order keeping plants open, judge rules
The federal court is sending an Iowa lawsuit about a worker's death back to the state level after rejecting the company's claim it was acting at the direction of the federal government.
By Lillianna Byington • Jan. 4, 2021 -
McCormick buys natural flavorings company FONA International for $710M
The acquisition will expand the 132-year-old company's reach into growing categories, such as performance nutrition and health and wellness.
By Christopher Doering • Jan. 4, 2021 -
AB InBev to sell stake in US metal container plants for $3B
Private-equity firm Apollo and other investors will purchase 49.9% of the business, giving the beer giant much-needed cash to pay down debt from its 2016 SABMiller acquisition.
By Christopher Doering • Dec. 28, 2020 -
USDA. (2017). Retrieved from Flickr.
OpinionEarth to the meatpacking industry: 2021 is coming up, exit the time capsule
The manufacturing process must change, and not just for change's sake. Lives, not just reputations, are at stake, writes Phil Kafarakis, president emeritus of the Specialty Food Association.
By Phil Kafarakis • Dec. 23, 2020 -
2020's 10 biggest M&A deals in the food and beverage industry
Despite the pandemic, companies found ways to streamline their operations as needed and expand their portfolios when opportunities arose. These are some of the largest moves this year.
By Food Dive staff • Dec. 23, 2020 -
Frozen food sales soar with homebound consumers during pandemic
Sales in the category jumped 17.4% between November 2020 and the same month a year earlier. The largest gains came in processed poultry, seafood, snacks and beverages.
By Jessi Devenyns • Dec. 23, 2020 -
Samantha Liss, Healthcare Dive
Deep Dive5 questions to ask before adopting a coronavirus vaccine policy
Vaccines are still one arrow in an employer's COVID-19 quiver, an attorney said. Incentives and education may also be preferable to mandates.
By Ryan Golden • Dec. 22, 2020 -
Christopher Doering/Food Dive
Zevia closes $200M funding round with Canadian investment firm
The stevia sweetened soda company is planning to use the money and partnership to fuel its global expansion strategy and better manage its assets.
By Jessi Devenyns • Dec. 22, 2020 -
Courtesy of Very Good Butchers
Eat Beyond aims to change the way people invest in protein alternatives
The investment fund — which is currently publicly traded on three exchanges — serves both those who want to support the future of food and smaller companies with big ideas.
By Megan Poinski • Dec. 22, 2020 -
Courtesy of Novavax, Australian Broadcasting Corporation
Food workers should be among the next in line for the vaccine, CDC panel says
Roughly 30 million people fall into this group, including those in food production and manufacturing, but the recommendations still need to be approved by the agency's director and adopted by states.
By Lillianna Byington • Dec. 21, 2020 -
Study: Food industry funding can influence research
About 13% of articles in the top 10 most-cited nutrition journals in 2018 were backed by the industry, and of those, 56% were favorable to their interests, according to a paper published in Plos One.
By Jessi Devenyns • Dec. 18, 2020 -
Permission granted by PepsiCo
ColumnLeftovers: Pepsi to debut 'Cocoa' Cola this winter; PBR combines pretzels, beer and brats
The seasonal soda tastes like a blend of the soft drink, hot chocolate and a hint of marshmallow, and Kellogg is launching a homestyle recipe of its classic Rice Krispies Treats.
By Food Dive staff • Dec. 18, 2020 -
Coca-Cola to cut 2,200 jobs — most in the US — as part of restructuring
The staff reduction comes as the part of a broader overhaul accelerated by the pandemic, which has seen the beverage giant end production of brands including Tab and Odwalla.
By Christopher Doering • Dec. 18, 2020 -
Why Kraft Heinz leaders say their new strategy will drive growth beyond the pandemic
The CPG giant's strategic reset instituted ideas that executives say were good business decisions. This plan, coupled with shifting consumer needs, leads them to say the future is bright.
By Megan Poinski • Dec. 17, 2020 -
NYC comptroller calls on SEC to investigate Tyson Foods
The official is asking for a probe into the meat giant for "flagrantly misrepresenting its poor pandemic response" and making misleading disclosures to investors.
By Lillianna Byington • Dec. 17, 2020 -
Retrieved from Wholesome Sweeteners.
Whole Earth to buy Wholesome Sweeteners for up to $235M
This latest acquisition gives Whole Earth a bigger presence in plant-based and fair-trade certified sweeteners, including sugar, honey and agave nectar.
By Christopher Doering • Dec. 17, 2020 -
As vaccine rollout begins, the food industry jockeys for priority
While CPG trade groups and meat companies lobby to be in the next phase, many are also offering to help officials with distribution and developing plans for what comes next.
By Lillianna Byington • Dec. 16, 2020 -
Courtesy of Eat Just
Deep Dive // Race for regulation of cell-based meatFrom science to reality: What approval of cell-based meat means for the industry
Singapore's approval of cultured meat is the beginning of a journey to bring something new to the business and potentially change how the world makes food.
By Megan Poinski • Dec. 15, 2020 -
Retrieved from Almark Foods.
Post Holdings makes another deal with purchase of hard-boiled egg producer
Almark Foods, which is being acquired for an undisclosed amount, will fold into the company's Michael Foods egg business when the deal closes in the first quarter of 2021.
By Christopher Doering • Dec. 15, 2020 -
Retrieved from Nestle on January 31, 2018
Nestlé explores alternative packaging technologies with startup investment
As part of its deal with Timeplast, a startup investigating ways to minimize the impact of improperly recycled plastic on the environment, the Swiss company will provide financing and additional support.
By Jessi Devenyns • Dec. 14, 2020 -
Permission granted by Mars
Deep DiveBreaking down Mars' maverick move for a more sustainable palm oil supply chain
Reducing its palm oil mills from 1,500 to 50 in three years to meet internal goals is a decisive move that will almost certainly work, but the impact beyond Mars' supply chain is less certain.
By Emma Cosgrove • Dec. 14, 2020 -
Permission granted by PepsiCo
OpinionThe future is not what it used to be: How digitization will revolutionize the food system
While the industry wasn't fully prepared for the pandemic, technological changes in areas like processing and packaging should help it respond to future challenges, said René Lammers, PepsiCo's chief science officer.
By René Lammers • Dec. 14, 2020
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