Finances and Deals: Page 30
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Courtesy of Purely Elizabeth
Purely Elizabeth raises $50M for expansion
The funding round boosts the money the clean-label breakfast brand has raised more than 16-fold.
By Megan Poinski • Jan. 31, 2022 -
Courtesy of Redefine Meat
Redefine Meat raises $135M for global expansion
The Israeli company makes 3D printed plant-based meat currently served in more than 200 high-end restaurants in its home country, as well as the U.K., Germany and the Netherlands.
By Megan Poinski • Jan. 27, 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 -
Courtesy of Walmart
Vertical farming company Plenty raises $400M, partners with Walmart to supply greens
The retailer, which also invested in the indoor agriculture company, will carry its produce at all of its California stores.
By Jeff Wells , Samantha Oller • Jan. 26, 2022 -
Courtesy of Molson Coors
Coca-Cola, Molson Coors to partner on Simply Spiked Lemonade
The RTD alcoholic beverage, which is set to hit shelves this summer, is the second drink to be developed by the two companies, following the launch of Topo Chico Hard Seltzer in 2021.
By Christopher Doering • Jan. 25, 2022 -
Permission granted by Upside Foods
Upside Foods acquires cell-based lobster company Cultured Decadence
The purchase of the Wisconsin firm brings more scientists and technology to the California cultivated meat maker, as well as expertise in crustaceans and other seafood.
By Megan Poinski • Jan. 25, 2022 -
Permission granted by Hain Celestial
Hain Celestial CEO zeroing in on M&A, with 'a lot of firepower' at his disposal
After several years of shedding brands, Mark Schiller said the health and wellness company has about $1 billion it can tap to boost its presence in snacks, plant-based meats and non-dairy beverages.
By Christopher Doering • Jan. 18, 2022 -
Permission granted by Unilever
Report: Unilever to lay off thousands of managers
The decision, first reported by Bloomberg, comes after the CPG company walked away from its bid to buy GlaxoSmithKline's consumer unit and activist investor Nelson Peltz took on a stake.
By Megan Poinski • Updated Jan. 24, 2022 -
Justin Sullivan via Getty Images
Monster Energy enters alcohol with $330M purchase of Canarchy Craft Brewery
The decision to jump into beer and hard seltzer comes as nonalcoholic beverage companies aim to cover more drinking occasions and spur growth.
By Christopher Doering • Updated Jan. 13, 2022 -
Justin Sullivan via Getty Images
Dole seeks acquisitions, sourcing shifts to grow produce supply
The company is focusing on growing its presence in high-selling categories like berries and avocados as it navigates supply disruptions to other products.
By Sarah Zimmerman • Jan. 10, 2022 -
Courtesy of Oterra
Oterra makes first US acquisition with Food Ingredient Solutions
The purchase of the New Jersey-based natural color and antioxidant producer adds to a string of deals by the former Chr. Hansen division.
By Samantha Oller • Jan. 6, 2022 -
Retrieved from Coca-Cola.
Coca-Cola and Constellation Brands launch Fresca cocktails
The pre-mixed drinks, which contain real spirits and zero sugar, are available in two varieties: Vodka Spritz and Tequila Paloma.
By Christopher Doering • Updated Sept. 8, 2022 -
Courtesy of Remilk
Remilk raises $120M for animal-free dairy
The Israel-based company, which already has facilities in the U.S. and Europe, plans to use the funds to scale its proteins for use as ingredients.
By Megan Poinski • Jan. 6, 2022 -
Courtesy of Liquid Death
Liquid Death raises $75M in funding round that values water brand at more than $500M
The company, which sources water from the Alps, is introducing flavored varieties with names such as Berry It Alive and Mango Chainsaw.
By Christopher Doering • Jan. 6, 2022 -
Mark Wilson via Getty Images
2021's top M&A deals in the food and beverage industry
The past year saw several instances where both buyers and sellers emerged in a position that offered more sustainable growth in the years ahead.
By Food Dive staff • Jan. 3, 2022 -
Delmaine Donson via Getty Images
M&A deals that shaped the ingredients space in 2021
Consumer trends toward clean label, gut health and sweeteners helped drive some of the biggest acquisitions over the past year.
By Food Dive staff • Dec. 23, 2021 -
IPOs surge to record in 2021 with most issuers hitting target price: EY
Fiscal stimulus, low interest rates and abundant capital are some of the forces driving robust IPO and SPAC deal activity in sectors including food and beverage, the consulting firm said.
By Jim Tyson • Dec. 23, 2021 -
Courtesy of Impossible Foods
Top 10 food funding rounds of 2021
The year has had 13 unique investment periods where companies received more than $100 million — a trend that is not likely to end soon, experts say.
By Megan Poinski • Dec. 23, 2021 -
Courtesy of Future Meat Technologies
Future Meat Technologies raises $347M and makes a $1.70 cell-based chicken breast
The Israeli cultivated meat company also has plans to break ground on a U.S. facility in 2022, with operations beginning in 2024.
By Megan Poinski • Dec. 20, 2021 -
JM Smucker sells juice and grains businesses, and will shut down plant
Nexus Capital Management will buy R.W. Knudsen juices and TruRoots easy-to-cook ancient grains for $110 million, and a Wisconsin facility that makes jams, jellies and ice cream toppings will close its doors in 2022.
By Megan Poinski • Dec. 16, 2021 -
Courtesy of The Urgent Company
Coolhaus acquired by Perfect Day-affiliated The Urgent Company
The premium ice cream maker, which is being purchased for an undisclosed price, will eventually make all of its dairy products with animal-free proteins.
By Megan Poinski • Dec. 13, 2021 -
Retrieved from Parm Crisp.
Hain Celestial spends $259M for better-for-you cheese crisp and cookie brands
The organic and natural food giant said the addition of ParmCrisps and Thinsters will deepen its position in the snacking category and further establish it as a high-growth, healthy food manufacturer.
By Christopher Doering • Dec. 13, 2021 -
Courtesy of Strong Roots
McCain invests $55M in plant-based frozen brand Strong Roots
The global potato giant adds the Irish company known for Cauliflower Hash Browns and veggie burgers to its portfolio of partners in the trendy better-for-you space.
By Megan Poinski • Dec. 8, 2021 -
Courtesy of The Every Company
The Every Company gets $175M investment
The funds will help the animal-free egg white company continue its expansion and commercialization of its ingredients made by precision fermentation.
By Megan Poinski • Dec. 7, 2021 -
Permission granted by LiveKuna
Bakery giant Grupo Bimbo investing in superfood maker LiveKuna
The owner of Sara Lee and Thomas' English Muffins also will partner with the upstart to expand distribution in North America of its products made from ingredients like quinoa and chia.
By Christopher Doering • Dec. 6, 2021 -
Permission granted by Florida Food Products
Comax Flavors sells majority stake to Florida Food Products
The natural flavors company will become part of FFP's taste division and further expand its portfolio of clean label ingredients.
By Samantha Oller • Dec. 2, 2021
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