Adrianne DeLuca
Posts by Adrianne DeLuca
Court Blocks Albertsons’ $4B Special Dividend Payment To Shareholders
Washington State’s Supreme Court extended the block on Albertsons’ $4 billion special dividend payment to shareholders late last week by granting the state attorney general’s (AG)’s request for emergency injunctive relief.
News Roundup: Ynsect Expands U.S. Capabilities; Blue Apron Provides Funding Update
In this week’s roundup: Ynsect explores synergies with flour ingredient processor Ardent Mills; Blue Apron provides update on funding issues, Mad Capital raises $4M for regenerative ag fund and FDA amends yogurt standard of identity.
Conventional Dairy Leaders Go Vegan, Animal-Free With New And Established Brands
The vegan cheese market has aged; enough so that conventional dairy cheese makers are looking to the category as an opportunity to innovate. But can these products help solidify the category’s long term growth?
Second Nature Brands Looks To Build BFY Sweets And Snacks Platform
Second Nature Brands, parent company to Kar’s Nuts, Sanders Chocolates and Second Nature Snacks, is looking to ramp up its acquisition strategy over the next few years as it seeks to build a platform of better-for-you sweet and snack brands.
Peatos Closes Funding Round To Pursue 2023 Profitability Goal
Snack maker PeaTos announced it has secured new funding as it seeks to hit profitability in 2023. This was the third round of its Series A, dubbed A3, and was led by POST Holdings, Inc. as well as other “high profile private investors.”
NotCo Raises $70M To Build B2B Business And “Operate Like Coca Cola”
Backed by $70 million in new growth capital, plant-based food and beverage company NotCo is aiming to build a business-to-business food technology platform “that operates like Coca Cola.”
News Roundup: Carrot Cracker Business Closes Down; Campbell’s Soup Sales Surge
In this week’s roundup: Upcycled cracker brand Seconds closes up shop, Campbell’s raises FY guidance as soup sales heat up, Second Nature Brands acquires Brownie Brittle and Vital Proteins secures B Corp status.
Watch: Kroger and Albertsons CEOs Take The Stand In Senate Hearing
Senate committee members attempted to extract Kroger and Albertsons’ “side of the story” during a hearing on the $24.6 billion merger. Here are some highlights from the two and a half hour testimony.
Motif Files Four Petitions Against Impossible Heme Patents
Motif FoodWorks announced today it has filed four petitions with the U.S. Patent and Trademark Office to challenge aspects of Impossible Foods’ claim to heme-protein ingredients used in plant-based meat.
Maine Crisp Co. Strategizes Growth As Buckwheat Bakery Brand
Snack manufacturer Maine Crisp Company is eying new baked goods categories as it seeks to scale with the support of a new production facility, distribution gains, updated packaging and an expanded leadership team.
