News
Food and beverage industry news.
Oatly Gets to Profitable Growth in Q3, Despite Falling U.S. Sales
Oatly achieved its first quarter of profitable growth since going public, reporting gains in revenue and volume, despite nearly suffering a 10% drop in North American sales.
Kraft Heinz: ‘On-Track’ To Split In 2026
Kraft Heinz reported sales declines and narrowing margins in Q3 as it prepares to separate into two companies during the second half of 2026.
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Fruitist Bags $150M In Funding To Build Berry Business
Fruitist closed $150 million in equity funding to accelerate retail expansion for its line of premium packaged berries. The round was led by J.P. Morgan Asset Management, alongside new and existing investors. The Los Angeles-based company is reportedly valued at $1 billion.
Forward Consumer Partners Buys Justin’s From Hormel
After nearly a decade under the ownership of massive protein company Hormel Foods Corp., Justin’s – the nut butter and confection company started by entrepreneur Justin Gold in 2004 – is coming back under private ownership, with Gold and former CEO Peter Burns returning to the company.
PepsiCo Highlights ‘Depth and Diversity’ of Portfolio With New Corporate Brand Identity
In conjunction with its 60th anniversary, PepsiCo has unveiled a new visual identity to “highlight the depth and diversity” of its portfolio that includes over 500 brands.
Frozen Fruit Pop Maker HUNDY! Nabs $350K in Fresh Funding
Organic frozen fruit pop purveyor HUNDY! has secured $350,000 in fresh equity funding, according to a filing with the U.S. Securities and Exchange Commission (SEC).
People Moves: Fody Foods Names Ex-Bulletproof 360 Exec as CEO
After nearly a decade at the helm of IBS-focused food brand Fody Foods, founder Steven J. Singer is stepping down as CEO. Taking over the role is Andy van Ark.
Self-Manufacturing, Shelf-Stable Snacks Drive JonnyPops’ Expansion
JonnyPops has launched a freeze-dried innovation as it uses its manufacturing capabilities to scale further in conventional grocery.
Distribution: Hero Lands At Walmart, Daily Crunch Goes All In At Albertsons
Hero Bread is releasing seven items at 700 Walmart stores across Texas, Florida, California, Ohio and Pennsylvania this month. The brand’s fiber- and protein-packed assortment includes sliced breads, tortillas, buns and bagels, baked with simple ingredients including resistant wheat starch, wheat protein, fava bean protein, jerusalem artichoke fiber, olive oil and yeast.
B&G Foods Sells Green Giant, Le Sieur Brands in Canada to Nortera Foods
B&G Foods announced today it has agreed to sell the Green Giant and Le Sieur frozen and shelf-stable vegetable product lines in Canada to Nortera Foods.

