Carol Ortenberg
Posts by Carol Ortenberg
Harmless Harvest Looks To New Day Parts with Dessert Launch
As part of its goal to utilize more of its star ingredient, coconut-based product brand Harmless Harvest has announced the launch of a line of coconut puddings.
Oddlygood Raises $28M, Looks to Expand U.S. Presence
Alt-dairy producer Oddlygood wants to be the next alt-dairy dynamo, and now it’s got the cash to do so. The Finnish company announced today that it had raised $28 million from Mandatum Asset Management (MAM) with plans to invest it into a U.S. expansion.
Jack & Annie’s Producer Raises $23M Following New Brand Launch
Alt-meat producer Global Village Fruit, producer of the Jack & Annie’s brand, formally announced today a $23 million funding round that closed this summer.
Coolhaus Sells to Perfect Day, Will Transition to Entirely Animal-Free Offerings
Alt-dairy ingredient provider Perfect Day has reached an agreement to acquire ice cream brand Coolhaus from investment group Sunrise Strategic Partners for an undisclosed fee, the company announced today.
Holy Cow: NadaMoo! Raises $10M
Non-dairy ice cream brand NadaMoo! announced today it had raised roughly $10 million in funding aimed at helping the sixteen year-old company expand its distribution.
Naked Market Raises $27.5M, Will Launch New Confection Brand
Platform CPG company Naked Market announced last week it had raised an additional $27.5 million in capital to fund the growth of its slate of food and beverage brands. The company plans to launch a new confection brand in 2022.
Hershey’s to Buy Fast Growing Pretzel Brand Dot’s
Hershey’s announced today that it had entered into an agreement to buy pretzel brands Dot’s Homestyle Pretzels (which includes the company’s four pretzel seasoning facilities) as well as its copacker, Pretzels Inc. The total purchase price for both companies is $1.2 billion. Combined, the two businesses had an estimated aggregate net sales of roughly $275 million for the 12 months ending September 2021.
Nick’s CEO on $100M Raise: ‘We Choose to Focus on Growth’
Late last month, Swedish better-for-you snacking and ice cream brand Nick’s announced it had raised $100 million. Speaking to NOSH about the raise, Carlos Altschul, Nick’s USA CEO, said the funding will allow the company to take advantage of its current momentum and accelerate its rapid global growth.
Real Good Foods Goes Public, Sees Future in Entrees and Breakfast
On Friday frozen food brand The Real Good Food Company (TRGFC) began trading on the Nasdaq. The company’s plans for growth include increasing its distribution, continuing to cultivate a loyal fan base, and expanding its product portfolio.
Dream Pops Raises $6M, Plans for Expansion Beyond Frozen
Frozen novelty brand Dream Pops has raised $6 million as it seeks to move beyond its current portfolio and expand into the confection aisle. Ultimately CEO David Greenfeld wants to reinvent many of America’s “cult classics” for a new generation.