Finances and Deals: Page 17

  • the bettering company edibles cannabis
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    Courtesy of The Bettering Company
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    Why Bettering saw an opening for luxury edibles

    The company, which recently launched in Illinois, says its gummies contain minimal ingredients such as brewed tea and real fruits that prioritize a more consistent infusion of THC into the products.

    By • Sept. 20, 2023
  • A rendering of Steakholder Foods' planned future facility: A large open room with windows. Three large bioreactors in the middle, with smaller ones, 3D printers and storage drawers arranged around.
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    Courtesy of Steakholder Foods
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    Food tech venture capital deal sizes decline for the first time in seven years

    Despite the drop, the number of investments increased to 268 in the second quarter as activity rebounded following the collapse of Silicon Valley Bank in March, according to a PitchBook report.

    By Elizabeth Flood • Sept. 19, 2023
  • Mergers and acquisitions Explore the Trendline➔
    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
  • An assortment of Goodles products.
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    Courtesy of Goodles
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    Goodles refreshes leadership as it brings in $13M in Series A funding

    The food brand known for its “better-for-you” boxed mac and cheese named a new CFO, chief marketing officer and senior vice president of sales.

    By Howard Ruben • Sept. 19, 2023
  • chamberlain coffee
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    Courtesy of Chamberlain Coffee
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    How Chamberlain Coffee aims for broad appeal while catering to Gen Z

    The viral brand, launched online in 2020 by YouTube star Emma Chamberlain, has expanded into retail while touting attributes popular across generations, such as accessibility and sustainability.

    By • Sept. 18, 2023
  • Mondelez, dirt kitchen, torr
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    Permission granted by Mondelez International
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    Mondelēz quietly winds down brands it created in its SnackFutures VC arm

    The snacking giant said it no longer sells Dirt Kitchen and CaPao, with the venture capital division shifting its focus to investing in already established startups.

    By • Sept. 18, 2023
  • bacardi ilegal mezcal reposado
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    Courtesy of Bacardi
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    Bacardi buys Ilegal to capture premium mezcal market

    The liquor giant’s acquisition of the beverage brand comes amid growing interest in premium agave-based spirits.

    By • Sept. 14, 2023
  • A view from a silver catwalk of Upside Foods' bioreactors in its EPIC facility and the stairs and walkway for people to access the tops of the machines.
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    Courtesy of Upside Foods
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    Upside Foods announces first large-scale production plant: Rubicon

    The cultivated meat maker selected the Chicago metro area as home for its next phase of growth.

    By Elizabeth Flood • Sept. 14, 2023
  • zoa molson coors energy drink
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    Courtesy of Molson Coors
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    Molson Coors boosts its investment in Zoa Energy

    The two companies partnered in 2021 following the launch of Dwayne “the Rock” Johnson’s co-founded energy drink brand.

    By • Sept. 12, 2023
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    Scott Olson via Getty Images
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    JM Smucker to buy Twinkies manufacturer Hostess Brands for $5.6B

    The purchase will deepen the jam and peanut butter maker’s presence in growing categories and consumer occasions focused on convenience. 

    By • Sept. 11, 2023
  • Josh Tetrick speaks into a microphone standing in front of a wall-sized image featuring pieces of Good Meat chicken.
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    Courtesy of Eat Just
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    Eat Just’s Good Meat division fails to pay $30M worth of invoices

    While it’s unknown why the cultivated meat company did not make the payments as ABEC claims, a source said the two sides are working to reach a settlement. 

    By Elizabeth Flood • Sept. 8, 2023
  • By Gordon Ramsay frozen entrees
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    Retrieved from By Chef Ramsay on September 08, 2023
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    Column

    Leftovers: Gordon Ramsay debuts frozen meals | Banza brings chickpeas to breakfast

    The celebrity chef is entering the freezer aisle with premium entrees, and Nestlé embraces nostalgia with a PB&J-flavored Coffee mate creamer.

    By Food Dive staff • Sept. 8, 2023
  • The Tindle buttermilk burger
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    Courtesy of Tindle Foods
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    Behind the Tindle Foods rebrand and new product launch

    Co-founder and CEO Andre Menezes says the brand “holds itself to a very high standard,” and is focused on launching products with clean ingredients.

    By Elizabeth Flood • Sept. 6, 2023
  • Sprecher, soda, root beer
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    Permission granted by Sprecher Brewing
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    From a regional soda to a national brand: How Sprecher is taking on Coca-Cola and PepsiCo

    The Wisconsin-based company has spent millions of dollars and taken on debt to add production, staff and warehouse capacity to bring its craft beverages into 49 states.

    By • Sept. 6, 2023
  • TreeHouse Foods logo on a white background
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    Courtesy of TreeHouse Foods
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    TreeHouse to sell snack bars business, plant to John B. Sanfilippo for $63M

    The divestiture will allow the private-label giant to focus on high-growth and high-margin categories while enabling John B. Sanfilippo to diversify its offerings.

    By • Sept. 6, 2023
  • hormel skippy spam
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    Justin Sullivan via Getty Images
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    Hormel lowers outlook amid challenging pork and turkey backdrop

    Weak prices offset sales volume growth in the third quarter as the food processor struggled with supply chain issues that resulted in a hefty arbitration payment.

    By Nathan Owens • Sept. 5, 2023
  • An English muffin breakfast sandwich with Just Egg folded patty, tomato and avocado and a split English muffin with a folded egg on one side and avocado on the other sit on a dark wood cutting board
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    Courtesy of Eat Just
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    Eat Just, maker of plant-based eggs and cultivated chicken, gets a funding boost

    The money comes as the company continues scaling in the U.S. and tries to reach profitability.

    By Elizabeth Flood • Sept. 5, 2023
  • A double-decker plant-based burger with lettuce and tomato, American cheese, pickles and other toppings sitting on a white wood-grain surface with white wood paneling in the background.
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    Courtesy of Beyond Meat
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    Plant-based sales in food service surge, rebuffing broader slowdown in category

    With COVID-19 restrictions over, the space is seeing promise in the food service sector after a pandemic-induced decline.

    By Elizabeth Flood • Sept. 1, 2023
  • Hain Celestial
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    Permission granted by Hain Celestial
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    Hain Celestial’s CEO describes her ‘prove it’ strategy as challenges loom

    Wendy Davidson, who took over in January, said the organic and natural products giant has reached “an inflection point” where the 30-year-old business can “unlock” its potential.

    By • Aug. 29, 2023
  • Meati launched the Meati Steak Filet, made from mycelium produced through fermentation.
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    Courtesy of Meati
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    Former Cargill executive joins cultivated meat company Meati

    Nicole Johnson-Hoffman has joined the firm’s board as it commences a nationwide retail launch of its mycelium steak and chicken breast analogs.

    By Elizabeth Flood • Aug. 29, 2023
  • The outside of a factory is seen. A sign with "JBS" in red letters is plastered on the front.
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    Chet Strange via Getty Images
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    Environmental groups petition SEC to halt JBS’ US listing

    Activists say the Brazil-based meat giant's alleged failure to adhere to its climate pledges is a risk for investors. 

    By • Aug. 28, 2023
  • Hu
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    Permission granted by Hu
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    Mondelēz leans on startups to help fuel ambitious growth plans

    The Oreo manufacturer said SnackFutures, its venture capital arm, plans to at least double the number of companies in its portfolio by 2030.

    By • Aug. 28, 2023
  • Hershey, chocolate
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    Scott Olson via Getty Images
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    Hershey to close Dot’s Pretzels factory

    The closure of the North Dakota plant is part of the company's plan to more efficiently increase production capacity at other manufacturing locations. 

    By Kate Magill • Aug. 25, 2023
  • MOSH protein bars
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    Permission granted by MOSH
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    MOSH raises $3M for retail expansion

    Patrick Schwarzenegger — a former investor in trendy CPG products — and his mom, Maria Shriver, bring a unique profile to promote a protein bar focused on brain health.

    By Elizabeth Flood • Aug. 23, 2023
  • highlight, product testing
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    Permission granted by Highlight
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    Product testing firm working with Nestlé, Kraft Heinz raises $18M to fuel growth

    Highlight, which streamlines the product testing process for CPG companies, said the money will be used to expand its business and hire additional employees.

    By • Aug. 21, 2023
  • A brand image of the Eggo brunch cocktail.
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    Courtesy of Eggo, Sugarlands Distilling Company
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    Column

    Leftovers: Kellogg’s Eggo brings boozy brunch to a jar | Entenmann’s debuts ready-to-bake cookies

    The cereal giant partners with spirit specialists from Sugarlands Distilling on a waffle-inspired creamy liqueur, while bakery giant Entenmann’s brings its cookie dough to the refrigerated section.

    By Food Dive Staff • Aug. 18, 2023