News

CPG suppliers Roland Foods and Dot Foods have entered a strategic partnership, with Roland acquiring Dot’s Savor Brands business in exchange for an equity interest in the company. Financial terms of the deal were not disclosed.

Conagra Brands is continuing to prune its portfolio, particularly across frozen categories. The company will exit its Celeste Pizza business and begin rationalizing the nearly 400 SKUs.

In distribution news, GOOD GOOD gets its no added-sugar product in Target as meat stick brands Jack Link’s and Lorissa’s Kitchen also enter the mass channel.

In this week’s new products roundup, Cheez-It gives its crackers a protein boost, Skittles capitalizes on growing demand for multi-textured confections, and Sauz expands its next-gen pasta sauce lineup.

PIM Brands, the makers of Welch’s Fruit Snacks, has integrated a custom AI manufacturing system to streamline production across its portfolio.

On this episode, the team covers new Recess appointments, inflation’s impact on grocery and rumors of a popular oil brand seeking a buyer.

Magic Spoon has overhauled its packaging design to better encapsulate its broader food portfolio which now spans cereal, puffed treats, oatmeal, granola and toaster pastries.

As the company fights to reverse declining sales, General Mills has named longtime executive and current COO Dana McNabb as its next chief executive officer, succeeding outgoing CEO Jeff Harmening, effective January 1.

Despite eye-catching packaging and a solid slate of initial flavors, Takeaways can’t quite distinguish itself within a crowded market for protein-enhanced snacks.

Stride Consumer Partners has closed its second fund at $550 million, bringing its total assets under management to about $1.3 billion.