Finances and Deals: Page 9
-
Permission granted by Clio Snacks
Clio refrigerated bar demand heats up as yogurt offering upends dairy space
CEO John McGuckin said the snacks maker’s sales could reach $500 million as it boosts household penetration and convinces retailers to carry more of its offerings.
By Christopher Doering • Aug. 5, 2024 -
Courtesy of Kellanova
Pringles leads the pack as Kellanova touts sales growth
The snacking company’s CEO Steve Cahillane told investors the chip brand is driving volume improvements in North America.
By Chris Casey • Aug. 2, 2024 -
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 Sarah Sherr @ Hyperion LA
‘Brewless’ instant coffee startup tackles crowded category
Diamond Brew is leaning into TikTok marketing and financial backing from investors like GNC’s CEO to win over Gen Z consumers.
By Chris Casey • Aug. 1, 2024 -
Permission granted by Southern Glazer's Wine and Spirits
Southern Glazer’s Wine & Spirits buys New England alcohol distributor
The largest wholesaler in the industry is set to purchase Horizon Beverage Group, a company with nearly a century of experience in Massachusetts and Rhode Island.
By Chris Casey • July 30, 2024 -
Courtesy of Danone
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 -
Permission granted by Califia Farms
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 -
Permission granted by Tropicana Brands Group
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 -
Christopher Doering/Food Dive
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 -
Courtesy of General Mills
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 -
Courtesy of Bonumose
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 -
Permission granted by Ferrero
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 -
Permission granted by Mama's Creations
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 -
Anna Moneymaker via Getty Images
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, 2024
Deep DiveHow 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 -
Courtesy of Maple Leaf
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 -
Courtesy of Athletic Brewing
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 -
Permission granted by Athletic Brewing
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 -
Courtesy of Herbruck's Poultry Ranch
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 -
Permission granted by Pladis
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 -
Courtesy of Garage Beer
ColumnThe 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 -
Courtesy of Ahold Delhaize USA
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 -
Courtesy of Tender
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 -
Courtesy of Athletic Brewing
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 -
Courtesy of BlueTriton Brands
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 -
Courtesy of Nestle
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
Previous
