Posts by Carol Ortenberg
Today incubator and investment firm Sonoma Brands announced the acquisition of premium jerky brand Chef’s Cut. Terms of the deal were not disclosed.
Jason Karp wants to change what people eat, drink, clean with and put on their bodies. The venture capitalist and co-founder of snack brand Hu Kitchen is pulling back the curtain on his new venture, HumanCo, with last week’s announcement of Amplify executive Will Lisman as the company’s new COO and chief commercial officer.
Americans are eating a lot of snacks, and Sesajal S.A. de C.V. wants a bite. The ingredient processor and owner of condiment brand Chosen Foods announced last week the closing of a minority investment in produce-focused snack brand Rhythm Superfoods.
Refrigerated chocolate bar brand Honey Mama’s announced this week it has closed a $5.8 million round of funding that will go towards supporting the brand’s expansion beyond the natural channel via sales, marketing and innovation efforts.
Citing the “continued impact of the COVID-19 crisis on events and travel,” New Hope this afternoon cancelled Natural Products Expo East 2020, which was to be held September 23-26 in Philadelphia. The decision marks the second pandemic-related cancellation for New Hope this year, having pulled the plug on Natural Products Expo West 2020 in March.
Nestlé Health Science (NHSc) announced yesterday that it had acquired the majority of collagen-focused function food and supplement brand Vital Proteins. Part of the motivation to explore a sale the company said, was to support further expansion into new channels and geographies — particularly Asia and Europe.
A year after raising money from VC firm Sunrise Strategic, Cali’flour foods has changed up its senior staff and acquired its copacker. The moves, Sunrise founder Steve Hughes said, are in response to both the COVID-19 pandemic and to better prepare the brand for expansion.
CrossFit saw several of its food and beverage brand partners end their affiliation with the fitness brand over the last 24 hours in response to a tweet by founder and CEO Greg Glassman about racism and public health.
After weeks of speculation, Utz Quality Foods LLC announced this morning a new partnership with Collier Creek Holdings to combine and go public as a snack food platform under the name Utz Brands. To achieve its goal of becoming the fastest growing pure-play branded snack platform of scale in the U.S,” Utz is planning a variety of operational, marketing and distribution upgrades.
In response to the death of George Floyd, some of the country’s largest food and beverage companies, as well as a large group of entrepreneurs and emerging brands, have offered statements of support, financial donations to advocacy groups and commitments to open a dialogue about racial justice in America.