Shauna Golden

J.M. Smucker is continuing to cull its portfolio, announcing on Friday it has agreed to sell its Cloverhill and Big Texas value-positioned brands, as well as certain private label products, to JTM Foods, LLC in a deal valued at approximately $40 million.

After making a name for itself with lower-sugar gummy worms and ‘90s gross-out culture-inspired branding over the past 15 months, Rotten is expanding its portfolio with the launch of Gummy Cruncheez, a better-for-you take on the wildly popular (and successful) Nerds Gummy Clusters. The new innovation, a gummy ring covered in tart candy pieces, is… Read more »

Global confectionery giant Ferrero Group is venturing deeper into the better-for-you sector with the proposed acquisition of U.S.-based protein snack purveyor Power Crunch from Bio-Nutritional Research Group, Inc. Terms of the deal were not disclosed.

Roughly two years after splitting from Rollin’ n’ Bowlin’, snack platform realsy is doubling down on nontraditional distribution efforts for its nut butter-filled dates, securing deals with corporate campuses like Spotify North America HQ and professional sports teams like the Chicago Bulls.

Ready-to-eat meal purveyor Proper Good, Inc. announced today that it closed a $3.5 million funding round in the fourth quarter of 2024, backed by internal investors. The capital infusion will help fuel brick-and-mortar growth and increase household penetration.

Global private equity firm Advent International announced today it has agreed to acquire condiment, seasoning, and spice platform Sauer Brands from Falfurrias Capital Partners for an undisclosed sum.

Despite posting better-than-expected Q2 results, Cheerios and Betty Crocker maker General Mills announced yesterday that it has lowered its profit outlook for fiscal 2025 as it implements short-term promotions to attract budget-conscious consumers.

For a vast number of chocolate makers, this year has been anything but sweet. Amidst surging cocoa prices – which are still on a wild roller coaster ride – conglomerates like The Hershey Company and Mondelēz International have resorted to passing price hikes on to consumers to reduce the impact on their balance sheets, while investors have expressed increased interest in high-tech startups producing alt-cocoa products with methods like fermentation and plant cell culture.

History has repeated itself as Hershey’s controlling owner yesterday rejected a preliminary takeover offer from candy and snacking rival Mondelēz International, according to a Bloomberg News report citing people familiar with the matter.The Hershey Trust – which holds approximately 80% of the voting power at the company – labeled the offer as too low.

Today we are examining how a continued shift to private label and ecommerce will shape volume and sales growth amid high food prices in 2025.