Headlines
Clio Nabs Second Investment from ACG, Will Diversify Product Line
After a first course, investment firm ACG has found that it wants another bite of Clio Snacks. Earlier this month the group reinvested in the chilled yogurt bar brand. The investment will help the brand complete a new plant as well as launch new product lines.
Powered by Pipsnacks, SPINS and More, Factory Moves into High Gear
In picking up petite popcorn brand Pipsnacks last month, Factory, an innovation center for food, drink and pet brands, has now fueled itself with five brand investments.
IRI State of the Snack Industry Webinar Recap
Generational snacking was a major focus of consumer research group IRI’s recent State of the Snacking Industry webinar, which examined how snacking behavior and needs varies between Gen Z, millennials, Baby Boomers and seniors.
Safe and Fair Wants Allergic Consumers to Eat Cake — and Spaghetti, Too
Safe and Fair set out to make quality snacking easy, tasty and affordable for consumers with allergies. Now the food company is expanding its purview to make mealtime and parties better too.
Elevator Talk: Brass Roots Makes High Protein Puffs with a Mission
Aaron Gailmor is the founder and CEO of Brass Roots, a puff snack brand from New Orleans. The mission-based company has developed high protein salty snacks for young parents that can feel good about sharing it with their kids.
Tyson Exits Beyond Meat, Will Launch Its Own Alt Protein Play
Tyson Ventures, the investment arm of meat producer Tyson Foods, is no longer an investor in Beyond Meat. Tyson told NOSH that it remains committed to offering alternative proteins and plans to launch its own products into the category.
Stryve Plans to Fuel U.S. Consumers with Biltong
Meat snack producer Stryve doesn’t just want to be the country’s leading biltong brand; it wants to be the manufacturer of choice for the growing category. The company last week announced the close of a $16.5 million round of funding to not only grow its own brand but to grow its manufacturing facilities as well.
Kraft Heinz Names Former A-B InBev CMO as Next CEO
Former Anheuser-Busch InBev chief marketing officer Miguel Patricio has been tapped to lead The Kraft Heinz Company as its next CEO. Patricio, who will supplant outgoing Kraft Heinz CEO Bernardo Hees on July 1, 2019, spent about two decades with A-B InBev.
Beyond Meat to Raise Up to $183M in IPO, Updates SEC Filings
The company initially announced its IPO in November 2018; over the past month it has submitted updated filings that provide more insight into the company’s sales and progress to date, as well as its plans for the future.
Can Two Legacy Dairy Companies Make Cottage Cheese Cool?
Despite its long association with diet food, two legacy dairy brands think cottage cheese is ready for a comeback. To modernize the snack, they’re looking to non-traditional, savory flavors.