Finances and Deals
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AlexRaths via Getty Images
Glanbia buys Flavor Producers for $300M
The Irish ingredients company said the acquisition will enhance its organic and natural flavor capabilities in the U.S.
By Chris Casey • April 18, 2024 -
Retrieved from Schwan's.
Red Baron pizza owner looks to Korean food for its next $1B offering
Sales from its Bibigo brand, which offers everything from fried rice to frozen dumplings, have jumped more than 1,100% since 2019 amid growing demand for the East Asian cuisine.
By Christopher Doering • April 17, 2024 -
Permission granted by Daring Foods
Daring’s new CEO sees the company as a ‘bright spot’ in a contracting category
The plant-based chicken producer is focusing on profitability while bringing a clean ingredient product to the masses.
By Elizabeth Flood • Updated April 15, 2024 -
Mario Tama/Getty Images via Getty Images
Constellation outperforms Wall Street estimates amid beer boost
While the alcohol giant’s margins in the category are improving, it also saw an 8% decline in its wine and spirits portfolio last quarter.
By Chris Casey • April 12, 2024 -
Courtesy of Sèchey x Target
Sèchey expands curated nonalcoholic beverage range at Target
Brands now part of the big-box retailer’s assortment of alcohol alternatives include Kin Euphorics, Ghia, De Soi, Mingle, Free AF and Edna’s.
By Howard Ruben • April 10, 2024 -
Courtesy of Hain Celestial
Hain Celestial sells Thinsters cookie brand to Dippin’ Dots owner
The divestiture to J&J Snack Foods for an undisclosed amount allows the organic and natural products giant to streamline its portfolio and reduce debt.
By Christopher Doering • April 9, 2024 -
Permission granted by Tony's Chocolonely
Former Starbucks CEO Howard Schultz invests in Tony’s Chocolonely
The producer of slave-free chocolates said it will benefit from the coffee chain executive’s “extensive experience” in building a global consumer brand and company.
By Christopher Doering • April 3, 2024 -
Scott Olson via Getty Images
After collapse of Cooks Venture, chicken farmers look for answers
Poultry growers face stress and financial hardship from the sudden closure of an Arkansas-based company. State intervention made things worse, they say.
By Nathan Owens • April 3, 2024 -
Scott Olson via Getty Images
Cooks Venture tried to raise chickens better. Then 1M birds were killed.
Arkansas farmers were left to pick up the pieces following the unexpected closure of a poultry company known for its free-range chickens.
By Nathan Owens • April 2, 2024 -
Christopher Doering/Food Dive
Feeding Gen Z involves embracing the discord
The generation born between 1997 and 2012 is crucial for success in today's food industry. New research shows how this demographic's interests buck the norm.
By Alexandra Frost • April 2, 2024 -
Courtesy of Aloha
Protein bar maker Aloha gets $68M from venture fund
Semcap Food & Nutrition, which makes minority investments in better-for-you brands like Purely Elizabeth and Good Culture, will help the plant-based business scale.
By Chris Casey • April 2, 2024 -
Courtesy of J.M. Smucker
ColumnLeftovers: Hostess brings the heat with lava cakes | Beyond Meat reformulates crumbles
The sweets company’s latest product features fluffy cakes with chocolate or caramel sauce in the center, and better-for-you frozen yogurt maker Yasso debuts fruit bars.
By Food Dive staff • March 28, 2024 -
Retrieved from Dole.
Dole calls off sale of fresh vegetables division amid DOJ opposition
The Justice Department said the $293 million cash deal with Fresh Express, announced in January 2023, would have reduced competition and led to higher prices.
By Christopher Doering • March 28, 2024 -
Courtesy of Corona Hard Seltzer
Constellation wins hard seltzer battle over AB InBev
An appeals court affirmed a 2023 decision that ruled Constellation did not infringe on the trademarks of AB InBev’s Grupo Modelo by selling seltzer products under that brand.
By Chris Casey • March 27, 2024 -
Courtesy of BuzzBallz, LLC
Fireball maker Sazerac acquires RTD cocktail brand BuzzBallz
Demand for mixed drinks is driving beverage industry heavyweights to elevate their presence in the category through M&A and new product launches.
By Chris Casey • March 25, 2024 -
Courtesy of General Mills
General Mills still dealing with elevated operating costs, CEO says
The Cheerios maker reported higher-than-normal inflation four years after the pandemic began. Input costs have increased by 32% during this time, the top executive said.
By Chris Casey • March 22, 2024 -
Permission granted by Joshua Woods
Bronx-born food collective goes from trendy dinner parties to Target shelves
Ghetto Gastro fuses community and culture to create low-cost plant-based packaged goods.
By Elizabeth Flood • March 19, 2024 -
etiennevoss via Getty Images
From Coke to Hershey, CPGs search for their sweet spot in pack size
Consumers are increasingly interested in smaller portion sizes, as well as value-priced multipacks, for their snacks and soda. These changing sizes can have implications from production to recycling.
By Shefali Kapadia • March 18, 2024 -
Scott Olson via Getty Images
Marlboro maker Altria sells $2B stake in AB InBev
The sale is the latest headache for the alcohol manufacturer as it attempts to shake off a drop in beer consumption and fallout from a controversial 2023 marketing campaign with a transgender influencer.
By Chris Casey • March 15, 2024 -
Retrieved from Sovos Brands.
Campbell Soup a ‘compelling story’ after closing $2.7B Sovos deal
The deal, which closed Tuesday, broadens the CPG giant’s footprint in premium offerings and complements its core meals and beverage business which includes its namesake soup and V8.
By Christopher Doering • March 12, 2024 -
Retrieved from Liquid Death.
Liquid Death valued at $1.4B after latest funding round
The beverage maker, which is reportedly looking to go public this year, said the $67 million in new financing will be used to grow distribution and accelerate product innovation.
By Christopher Doering • March 11, 2024 -
Chris Casey/Food Dive
WK Kellogg focusing on cereal before turning to M&A, CEO says
Five months after being spun off, Gary Pilnick is upbeat that the Rice Krispies maker can modernize its business and improve its product offerings that for years were being “deprioritized” in favor of snacks.
By Christopher Doering • March 11, 2024 -
Courtesy of Clif Bar
Food execs signal a strong appetite for M&A in 2024
As Mondelēz, General Mills and other CPG firms scour the market for deals, high asking prices could remain a sticking point preventing some purchases from taking place.
By Christopher Doering • March 4, 2024 -
Permission granted by Revo Foods
To farm or fabricate? 3D printing’s role in the food industry
As food production startups begin commercializing 3D-printed seafood, some experts question the viability of the technology in the broader market.
By Megan Ruggles • March 4, 2024 -
Joe Raedle via Getty Images
Anheuser-Busch avoids strike in deal with union
Though tentative, the agreement would include wage increases and improved benefits to the 5,000 manufacturing workers represented by the Teamsters.
By Chris Casey • Feb. 29, 2024
