Headlines

Private equity firm Butterfly announced today it has closed its sophomore fund, securing commitments from an undisclosed number of institutional investors, family offices, entrepreneurs, and food investors to invest a total of $1 billion in “seed to fork” food-focused entities.

After spending decades at some of the leading food and beverage companies, longtime CPG exec Sarah Meis is moving to the driver’s seat as CEO and co-founder of snack brand The Humble Seed.

Global ingredient supplier SunOpta is banking on its new production facility, sustainability measures and culture of innovation to bring new levels of success as consumers demand more plant-based beverages and food choices.

The teams at BevNET and SuperCoffee are hosting a food and beverage industry meetup on Thursday, September 15th from 4:30 PM to 7 PM CT. The meetup will feature live interviews with the editor and producer of Taste Radio Ray Latif. Join us to network and meet members of the Super Coffee, BevNET, NOSH, and Taste Radio teams including John Craven, Carol Ortenberg, Jacqui Brugliera and Mike Schneider.

This week’s roundup of notable new products saw brands creating better-for-you iterations of classic sweet treats, gearing up for the fall season with Halloween-inspired offerings and launching new Vietnamese coffee products.

TreeHouse Foods is selling the majority of its meal preparation business of pastas, sauces and baking goods among other private-label brands to a U.K.-based private equity firm for $950 million.

Laird Superfood is downgrading its full-year guidance after announcing that net sales dropped 6% year-over-year to $8.7 million during Q2 2022, citing structural headwinds in online channels in addition to inflationary pressures.

CPG brands are broadly split on whether the ongoing supply chain disruptions have fueled or hindered innovation, according to a new report by supplier management company TraceGains. Around 35% of companies reported that they experienced a slight, moderate or significant decrease in product innovation since June 2020, while 36% said market conditions have led to… Read more »

The Food Industry Association’s webinar – “Peering Into Food Inflation’s Black Box” – painted a nuanced picture of rising grocery prices, one that showed nominal increases in the cost of food relative to inflation over the past three decades.

SunOpta reported one of its strongest quarters in company history, posting a record $145.9 million in revenue on the back of a record 31% growth in plant-based food and beverage.