Finances and Deals: Page 28
-
General Mills to buy frozen pizza crust maker to boost away-from-home business
The purchase of TNT Crust for an undisclosed amount will add to the fold a fast-growing company while increasing the CPG's exposure to the popular meal offering.
By Christopher Doering • May 11, 2022 -
Tate & Lyle buys chickpea ingredients company Nutriati
The acquisition comes six months after the ingredients giant agreed to distribute the upstart's offerings used in non-dairy, plant-based meat and gluten-free products.
By Christopher Doering • May 5, 2022 -
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 -
Whole Earth Brands carves out its sweet spot in alternative sweeteners
The company's portfolio of products like Wholesome and Equal are designed to give consumers more choice and position it to grab a bigger slice of the $100 billion market dominated by sugar.
By Christopher Doering • May 5, 2022 -
Voyage Foods gets $36M investment to scale up
The California company that recreates chocolate, peanut butter and coffee on a molecular level is planning product launches later this year.
By Megan Poinski • May 5, 2022 -
What the stalled Sanderson and Wayne Farms merger says about its potential for closing
As regulators in the Biden administration scrutinize the pending $4.53 billion acquisition, experts point to obstacles that could complicate its approval.
By Chris Casey • May 4, 2022 -
Deep Dive
Lost and found: Brands neglected by large CPGs thrive under new ownership
Krave jerky, Funfetti baking products and Häagen-Dazs are just a few of the lines that have flourished after being divested, with their new owners spending more on marketing, innovation and improving product quality.
By Christopher Doering • May 3, 2022 -
IFF and SimpliiGood collaborate to make spirulina-based smoked salmon
The ingredients powerhouse will provide flavor and aroma attributes to a product that the Israel-based startup plans to make completely out of microalgae.
By Megan Poinski • April 28, 2022 -
Beyoncé participates in Lemon Perfect's $31M funding round
The superstar behind "Lemonade" headlines the clean-label, enhanced hydration brand's Series A round, which it will use to more than double its distribution.
By Megan Poinski • April 28, 2022 -
Mars partners with AI provider to accelerate functional food development
The multi-year agreement with PIPA will bring an algorithm searching biomedical data, scientific publications and clinical trials to the company's human and pet divisions.
By Megan Poinski • April 27, 2022 -
Upside Foods gets $400M investment for commercial-scale facility
The largest single funding round in the cultivated meat space to date included money from Tyson, Cargill and Givaudan, and will help the company bring cell-based animal products to market.
By Megan Poinski • April 21, 2022 -
How Temasek became a leading food tech investor
The Singapore-based firm realized eight years ago the sector held the keys to sustainability and longevity. After $8 billion in investments, its agri-food division head is more bullish than ever on its potential.
By Megan Poinski • April 20, 2022 -
Retrieved from A Shoc.
Energy drink A Shoc raises $29M from investors including Keurig Dr Pepper
The beverage giant was an early investor in 2019 and handles national sales and distribution.
By Christopher Doering • April 19, 2022 -
Retrieved from Austin Cocktails.
Constellation Brands buys remaining stake in RTD drink Austin Cocktails
The acquisition deepens the Corona brewer's presence in the fast-growing category that could control nearly 25% of total alcohol beverage volume by 2025.
By Christopher Doering • April 8, 2022 -
Kerry buys ayurvedic ingredients maker Natreon
The deal brings several functional herbs and extracts associated with Indian traditional health practices to the Irish company's portfolio.
By Megan Poinski • April 7, 2022 -
Tate & Lyle to acquire dietary fiber business in China for $237M
The company said the purchase of Quantum Hi-Tech Biological will strengthen its market position for the popular ingredient while boosting its food and beverage solutions.
By Christopher Doering • April 7, 2022 -
IPOs in Americas plummet 72% during first quarter: EY
Despite several companies going public in recent years, the food and beverage sector has been largely quiet in 2022, with firms like Chobani deciding to delay listing their shares.
By Jim Tyson , Christopher Doering • April 5, 2022 -
Indoor farming to reach an estimated $155.6B by 2026: PitchBook
The space could see a more than 14% growth rate, driven by enthusiasm for the sustainability pitch of players like Bowery Farming and Upward Farms, a new report finds.
By Samantha Oller • April 4, 2022 -
Diageo acquires super-premium tequila brand 21Seeds
The purchase of the startup for an undisclosed amount accelerates the company's move into more trendy and higher-margin beverages.
By Christopher Doering • April 1, 2022 -
MycoTechnology raises $85M for innovation and international expansion
In its Series E round, the fermented mushroom ingredient giant received money from the venture arms of Griffith Foods, Tyson Foods, Bunge, Continental Grain and Maple Leaf Foods.
By Megan Poinski • March 31, 2022 -
Deep Dive
With a portfolio of iconic snacks, Hostess Brands sweetens its business for another century
Just a decade after bankruptcy, the Twinkies maker is thriving under CEO Andy Callahan, who has prioritized innovation and moving its iconic offerings into faster-growing occasions.
By Christopher Doering • March 30, 2022 -
Plant-based food sales hit $7.4B in 2021
Statistics from SPINS, the Good Food Institute and the Plant Based Foods Association showed the segment's growth moderated last year, but continued to increase at a rate three times larger than food in general.
By Megan Poinski • March 30, 2022 -
Ynsect expands to the US with mealworm farm addition
This gives the France-based company a foothold toward making ingredients for human food in America, which are likely to be targeted to the sports nutrition and health markets.
By Megan Poinski • March 29, 2022 -
After a record 2021, food tech investments will keep coming, conference panel says
At Future Food-Tech in San Francisco last week, several investors detailed why people are getting excited about the space and what will lead the dollars to continue to flow.
By Megan Poinski • March 28, 2022 -
CP Kelco makes plant-based a priority with Shiru partnership and new ingredients line
The ingredient company is targeting meat alternative makers that want cleaner labels with more natural options, and working with the tech startup to develop and commercialize similarly functioning proteins in plants.
By Megan Poinski • March 24, 2022 -
Local Bounti to acquire indoor farming operator Pete's for $122.5M
The company's first acquisition since going public last November will allow it to expand its retail distribution footprint from roughly 500 stores to more than 10,000.
By Samantha Oller • March 16, 2022