Finances and Deals
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Danone partners with Microsoft to scale AI projects
As the dairy company looks to technology to drive operational efficiency, it aims to upskill 100,000 workers to become more comfortable with digital tools.
By Chris Casey • July 25, 2024 -
Califia Farms acquires Uproot in bid toward its goal of more sustainable packaging
The deal will help the plant-based milk maker provide products to consumers at more food service locations.
By Elizabeth Flood • July 24, 2024 -
After $3B sale by PepsiCo, Tropicana goes about juicing up its business
The company, which owns its namesake brand, smoothie maker Naked and probiotic drink KeVita, is prioritizing innovation and new consumption occasions to drive growth.
By Christopher Doering • July 24, 2024 -
How a candy lover is bringing discontinued sweets back from the dead
Ellia Kassoff has reintroduced once-popular brands like Wacky Wafers and Hydrox cookies after claiming “corporate mismanagement” caused them to be discontinued.
By Christopher Doering • July 22, 2024 -
General Mills taps CPG veteran to spur growth
Asheesh Saksena, who previously served in the C-suite at Gap, Inc. and Best Buy, will help the food company diversify its portfolio.
By Chris Casey • July 18, 2024 -
Roquette, Bonumose partner to boost tagatose production
The ingredients businesses are joining forces to scale the natural sweetener, giving food and beverage formulators a better-for-you alternative to sugar.
By Chris Casey • July 18, 2024 -
Ferrero’s Famous Amos returns to its original recipe after brand overhaul fails to resonate
The snack maker is altering the nearly 50-year-old cookie’s ingredients list again, redesigning the packaging and lowering the price.
By Christopher Doering • July 17, 2024 -
From meatballs to deli dominance: How a former Mondelēz exec is building a $1B food company
CEO Adam Michaels has cut millions in spending from Mama’s Creations and added dozens of new foods like olives and pasta salad through acquisitions.
By Christopher Doering • July 16, 2024 -
Tyson agrees to sell Georgia poultry complex
The deal with House of Raeford Farms comes after months of cost cutting at the meat and poultry giant, including plant closures and layoffs.
By Nathan Owens • July 12, 2024 -
Retrieved from Instagram on July 10, 2024Deep Dive
How influencers are changing the way food and beverage companies harness social media
The days of relying on expos and conventions are long gone. Companies are now embracing Instagram and TikTok and working with influencers to stay relevant.
By Elizabeth Flood • July 11, 2024 -
Maple Leaf Foods spins off its pork business
The separation will allow the Canadian company to concentrate on its consumer packaged goods while its pork business will operate under a new name and pursue a separate growth strategy.
By Rose Palazzolo • July 10, 2024 -
Nonalcoholic beer maker Athletic boosts coffers with $50M investment
The financing round, which values the brewer at around $800 million, will help fund the fast-growing company’s expansion efforts.
By Christopher Doering • July 9, 2024 -
Beer giants lifting nonalcoholic space with ‘non-compromising’ launches: Athletic CEO
Just five years ago, top brands were absent from the market. Today, Blue Moon, Guinness, Corona, Heineken and Bud offer no- and low-alcohol versions of their popular brews.
By Christopher Doering • July 2, 2024 -
Cal-Maine buys egg producer for $110M to grow presence in the Northeast
The purchase of ISE America expands the company’s dominant position in the protein with the addition of nearly 5 million egg-laying hens to its portfolio.
By Chris Casey • July 1, 2024 -
Godiva owner poised to top $1B in US sales with a slimmed-down portfolio
A Pladis executive says the company has rapidly grown sales through the ultra-premium chocolate and other brands, such as Turtles and Flipz, by being “more comfortable with risk” than its competitors.
By Christopher Doering • June 24, 2024 -
Column
The Weekly Sip: Jason and Travis Kelce join Garage Beer | DavidsTea brings a spark to RTD drinks
The NFL stars have become co-owners of the Ohio-based light beer, and New Jersey’s Asbury Park Brewery is using AI to create its latest offering.
By Food Dive staff • June 20, 2024 -
Kellanova to make Cheez-It crackers with regenerative wheat for East Coast grocery stores in unique pilot
Ahold Delhaize USA, owner of Food Lion, Giant Food and Stop & Shop, is teaming with the snacking giant and grain cooperative Bartlett to reduce emissions from field to shelf.
By Sarah Zimmerman • June 18, 2024 -
Plant-based startup Tender secures deal with fast food chain
The Boston company is using newly acquired cash to expand into restaurants and innovate with new products.
By Elizabeth Flood • June 18, 2024 -
Athletic Brewing buys second San Diego facility
The nonalcoholic beer category leader is expanding its manufacturing footprint in order to capitalize on the growth of its brews.
By Chris Casey • June 17, 2024 -
Primo, Poland Spring owner BlueTriton agree to water merger
The new company, which expects to have combined net revenues of $6.5 billion, will serve millions of consumers across different product formats, channels, price points and usage occasions.
By Christopher Doering • June 17, 2024 -
Nestlé taps into limited-time offerings to boost relevance of DiGiorno pizza
Products with unique toppings tied to the Deadpool & Wolverine movie are designed to increase shelf space and deepen the brand’s relationship with consumers, the food company said.
By Christopher Doering • June 17, 2024 -
Mondelēz CEO says Biscoff will play “unique role” in snack giant’s portfolio
The packaged goods company recently partnered to develop products combining Biscoff's taste and texture with Mondelēz’s chocolate brands.
By Christopher Doering • June 17, 2024 -
Column
Leftovers: GoodPop refreshes ice pops with electrolytes | ‘TikTok’s First Family’ debuts new popcorn flavors
The frozen treats maker launched Hydrating Freezer Pops, while Tyson leans into home cooking with its latest chicken products.
By Food Dive staff • June 14, 2024 -
Column
The Weekly Sip: L.A. Libations to launch startup beverage incubator | Dolly Parton, Snoop Dogg debut alcohol offerings
The incubator announced a new venture to help brands grow quicker, and the music superstars aim to impress drinkers with their latest products.
By Food Dive staff • June 13, 2024 -
From lager to leaf: Behind Green Thumb’s bid for Boston Beer merger
Joining forces could allow the new entity to innovate in categories including edibles and drinks, the cannabis company’s CEO said.
By Chris Casey • June 13, 2024