Finances and Deals: Page 28


  • BERKELEY, CA - SEPTEMBER 23: Boxes of Cheerios ceral, made by General Mills, sit on the shelf at a grocery store September 23, 2009 in Berkeley, California. General Mills Inc. reported a 51 percent ju
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    Justin Sullivan via Getty Images
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    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 May 11, 2022
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    Dan Kitwood via Getty Images
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    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 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, sugar, sweetener, equal
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    Permission granted by Whole Earth Brands
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    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 May 5, 2022
  • An apple dipped in Voyage Foods' peanut-free peanut butter
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    Courtesy of Voyage Foods
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    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 May 5, 2022
  • Sanderson Farms, chicken
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    Permission granted by Sanderson Farms
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    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 May 4, 2022
  • Krave, jerky
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    Permission granted by Sonoma Brands
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    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 May 3, 2022
  • smoked salmon (actual salmon -- not a plant-based analog)
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    Courtesy of SimpliiGood
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    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 April 28, 2022
  • Lemon Perfect's product lineup
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    Courtesy of Lemon Perfect
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    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 April 28, 2022
  • A scientist uses PIPA's LEAP system to get information about functional ingredients.
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    Courtesy of PIPA
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    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 April 27, 2022
  • Chicken tacos made with Upside Foods' cultured meat
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    Permission granted by Upside Foods
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    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 April 21, 2022
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    Courtesy of Impossible Foods
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    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 April 20, 2022
  • a shoc, energy drink
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    Retrieved from A Shoc.
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    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 April 19, 2022
  • Austin, cocktails, Constellation Brands
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    Retrieved from Austin Cocktails.
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    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 April 8, 2022
  • Kerry acquired ayurvedic ingredients company Natreon in 2022.
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    Courtesy of Kerry
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    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 April 7, 2022
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    Dan Kitwood via Getty Images
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    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 April 7, 2022
  • A picture of the street sign stating "Wall Street." American flags drape over a nearby building
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    Kena Betancur via Getty Images
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    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 , April 5, 2022
  • Bowery Farming
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    Courtesy of Bowery Farming
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    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, 21 Seeds
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    Courtesy of Diageo
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    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 April 1, 2022
  • The offices of fermented mushroom ingredient company MycoTechnology
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    Courtesy of MycoTechnology
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    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 March 31, 2022
  • Hostess Brands, Donettes, Twinkies
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    Permission granted by Hostess Brands
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    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 March 30, 2022
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    Courtesy of Eat Just
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    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 March 30, 2022
  • A worker in one of Ynsect's insect farms.
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    Courtesy of Ynsect
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    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 March 29, 2022
  • A panel of investors at Future Food-Tech 2022 in San Francisco.
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    Megan Poinski/Food Dive
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    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 March 28, 2022
  • Lightlife's plant-based burger
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    Courtesy of Lightlife
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    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 March 24, 2022
  • Local Bounti
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    Courtesy of Local Bounti
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    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