Corporate Operations: Page
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Courtesy of Nestle
Pace of M&A, divestitures likely to increase in 2021, survey finds
Kearney said the financial stimulus, low interest rates, large cash stockpiles and strong equity markets have created a climate favorable for sellers.
By Christopher Doering • June 16, 2021 -
Courtesy of Two Trees
Alcohol maker Two Trees formed to tap into rapid-aging technology
The new company, a merger of three businesses, will use the controversial practice panned by industry traditionalists to make vodka, whiskey and other offerings.
By Lauren Manning • June 16, 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 -
Motif FoodWorks closes $226M funding round
The plant-based ingredients company, which expects to get its first two offerings on the market this year, plans to use the funds for expansion and more R&D.
By Megan Poinski • June 16, 2021 -
Christopher Doering/Food Dive
Deep DiveMolson Coors' CEO has a bold plan to 'fundamentally change' the beer maker. But will it work?
As consumers turn to other beverages, Gavin Hattersley has moved aggressively into energy drinks, diet soda and tequila to revive his company's portfolio — all while combating challenges like COVID-19 and a security breach.
By Christopher Doering • June 15, 2021 -
Courtesy of Chobani
Chobani leans into demand for healthier foods with no-sugar yogurt
The dairy giant has expanded its portfolio during the past few years to include offerings that cater to hot trends in the food space such as probiotics and protein.
By Christopher Doering • June 14, 2021 -
Courtesy of Tyson Foods
Meatpackers fail to secure protection with new OSHA COVID-19 safety rule
The segment was instead issued optional guidance that includes staggering breaks and spacing unvaccinated workers — recommendations that a union leader said are "unenforceable" and place employees at risk.
By Christopher Doering • June 11, 2021 -
Courtesy of Cacao Barry
WholeFruit chocolate launches under Evocao label
Barry Callebaut's high-end sweet made only from cacao fruit is available to chocolatiers in limited quantities right now, but will be expanding next year.
By Megan Poinski • June 10, 2021 -
Jenny Evans via Getty Images
JBS USA is spending $130M to boost beef capacity amid growing demand
The world's largest meat producer also said it is doling out more than $150 million in annualized pay increases to workers across its nine U.S. beef plants.
By Christopher Doering • June 10, 2021 -
Permission granted by Tyson Foods
Tyson pledges to achieve net-zero emissions by 2050
The meat producer's initiatives include eliminating deforestation in its global supply chain and using 50% renewable energy in its U.S. operations by 2030.
By Lauren Manning • June 10, 2021 -
Courtesy of PepsiCo
PepsiCo to invest $200M in plant expansion as snack consumption surges
The investment in Frito-Lay's Rosenberg, Texas, facility will create 160 jobs and add two manufacturing lines for Funyuns and tortilla chips, as well as increase warehouse capacity.
By Christopher Doering • June 9, 2021 -
Joe Raedle via Getty Images
Taste is tops in consumers' yogurt priorities, survey finds
Nearly half of shoppers consider flavor a reason for buying the snack, with health benefits and nutrition also key, according to research from the International Food Information Council.
By Lauren Manning • June 9, 2021 -
Permission granted by Simulate
Simulate raises $50M to expand its plant-based chicken
The latest funding round, which will help it compete in an increasingly popular space, values the maker of Gen Z-styled Nuggs and Discs at more $250 million, according to Bloomberg.
By Megan Poinski • June 9, 2021 -
Paula Bronstein via Getty Images
Deep DiveMeat processors wrestle with worker shortages as US economy reopens from COVID-19
With protein demand soaring, companies like Tyson Foods are offering employees better benefits and flexible hours as they consider wider use of automation throughout their businesses.
By Christopher Doering • June 9, 2021 -
Christopher Doering/Food Dive
General Mills plans to cut up to 1,400 jobs worldwide, Star Tribune reports
The layoffs — which could include up to 800 jobs in the U.S. and Canada and up to 20% of positions at its corporate headquarters — were announced to employees last week in emails and virtual meetings, the paper reported.
By Megan Poinski • June 8, 2021 -
Permission granted by Better Meat Co
The Better Meat Co. unveils mycoprotein fermentation line
During the past three years, the company has been secretly developing a 13,000-square-foot plant where it can produce thousands of pounds each month of the protein, which can serve as a beef, chicken or seafood substitute.
By Megan Poinski • June 8, 2021 -
Courtesy of Bob Evans Farms
Bob Evans Farms debuts portable refrigerated egg products
The Post brand's microwaveable Egg Bites and Omelet Rolls are aimed at satisfying consumers' interest in healthy eating and convenience.
By Lauren Manning • June 7, 2021 -
Courtesy of Molson Coors
Molson Coors settles trademark case involving Vizzy hard seltzer
Terms were not disclosed, but Future Proof Brands, which sued the big brewer for trademark infringement, will no longer be producing its Brizzy drink.
By Megan Poinski • June 4, 2021 -
Courtesy of Ready, Set, Food!
Food allergy prevention startup Ready, Set, Food raises $3.5M
Healthcare system Edward-Elmhurst Heath joined the round, which included more funding from Danone Manifesto Ventures and CPG-focused AF Ventures.
By Lauren Manning • June 4, 2021 -
Courtesy of Nestlé
ColumnLeftovers: DiGiorno celebrates National Donut Day with a pizza twist; General Mills' cold cereals get hot
Nestlé's latest mashup adds mozzarella and tomato sauce to doughnuts, while a startup offers a sweet way to wake up or settle down with functional chocolate bars.
By Food Dive staff • June 4, 2021 -
Retrieved from Mondelez.
Mondelēz to divest Trident, other gum brands in developed markets
The snacking giant said it is reshaping its portfolio with a goal of generating 90% of its revenue from chocolate and biscuits.
By Christopher Doering • Updated May 10, 2022 -
Courtesy of Nayeli Reyes Cuentos Culinarios for Tate & Lyle
Tate & Lyle leaders outline potential company split
The British company best known for sweetener innovation seems likely to divest its division handling corn syrup, acids and non-human food to a majority investor, but no deal has yet been made.
By Megan Poinski • June 3, 2021 -
Permission granted by Sensient
Deep DiveBig Food hit pause on switching to natural colors. What will it take to make the shift?
Manufacturers point to a lack of consumer demand for swapping out artificial colors in brightly hued foods, but new research — and legislation — may force their hands.
By Megan Poinski • June 3, 2021 -
Sean Gallup via Getty Images
Proteins in milk and mealworms have similar positive attributes, study finds
Researchers at Maastricht University found they perform the same when it comes to digestion, absorption and the ability to stimulate muscle growth.
By Lauren Manning • June 3, 2021 -
Permission granted by Tyson Foods
Tyson Foods names COO King to top post as CEO steps down
Company veteran Donnie King will replace Dean Banks, who is leaving for personal reasons. Banks was in the role for eight months after becoming CEO last October.
By Christopher Doering • Updated June 2, 2021 -
Courtesy of Quorn
Quorn will expand chicken alternative products in US
Following parent company Monde Nissin's $1 billion IPO in the Philippines, company execs told Bloomberg and Reuters they plan to spend $335 million to grow the fermented protein brand, especially at fast food restaurants.
By Megan Poinski • June 2, 2021
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