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Food and beverage industry news.
Hain Celestial Buys Thinster and ParmCrisps Maker
Hain Celestial will acquire better-for-you food incubator That’s How We Roll, the owner of Proven Brands, Inc. and KTB Foods, Inc., from private equity firm Clearlake Capital Group in a $259 million deal, Clearlake announced today.
Coolhaus Sells to Perfect Day, Will Transition to Entirely Animal-Free Offerings
Alt-dairy ingredient provider Perfect Day has reached an agreement to acquire ice cream brand Coolhaus from investment group Sunrise Strategic Partners for an undisclosed fee, the company announced today.
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The Checkout: Capital City Brings Mambo Sauce To KFC; U.S. Identity Preserved Certification Launches
In this week’s checkout: Capital City brings its Sweet Hot Mambo Sauce to KFC, The Specialty Soya and Grains Alliance launch U.S. Identity Preserved Certification, Kraft Heinz to combine U.S. and Canada Businesses and Forever Cheese brings on specialty food veteran Tyler Hawes.
Marketing Roundup: Wonderful Pistachios Says “Almost Everyone Loves No Shells”; Harmless Harvest Debuts “Spooning Season”
With everything from an angry and animated tortoise to a TikTok Tastemonial challenge, these latest activations have embraced a variety of brand building tactics including user-generated content and a unique group of brand ambassadors.
The EVERY Company Raises $175 Million To Scale Production
Food tech ingredient platform The EVERY Company, formerly Santa Clara Foods, announced this week it has closed a $175 million Series C capital round co-led by McWin and existing investor, Rage Capital. Temasek, Grosvenor’s Wheatsheaf Group, TO Ventures and Prosus Ventures also participated.
Retailers Increase Ultra-Fast Delivery Options
Over the course of the pandemic retailers and food delivery services continuously invested in delivery platform innovations, creating an expedited process of grocery shopping with virtually no contact. However, as lockdowns begin to lift, innovation hasn’t slowed and consumers have now become accustomed to this efficiency, prompting retailers to find creative ways to bring the store to them, almost instantly.
Holy Cow: NadaMoo! Raises $10M
Non-dairy ice cream brand NadaMoo! announced today it had raised roughly $10 million in funding aimed at helping the sixteen year-old company expand its distribution.
LiveKuna Closes Funding Round To Support North American Expansion
Superfood snack maker LiveKuna announced today it closed a Series A funding round led by global bakery company Grupo Bimbo with participation from SOSV and AMADEO. LiveKuna said it will use the funds to support distribution expansion throughout the U.S., Canada and Mexico and to continue growing its team across North America.
NOSH Live Day Two Recap: Acid League And Whole Foods Announce Continued Collaboration
Natural food companies convened for day two of NOSH Live Winter 2021 today in Santa Monica to discuss how brands can position themselves for success with regards to the current state of the industry including continued supply chain constraints, shifting consumer interests and a dynamic landscape for brand building.
Coconut Spread Maker Kokada Crowned Pitch Slam 11 Champion
Coconut spread maker Kokada was crowned champion at NOSH Live Pitch Slam 11, walking away with the title after impressing the judges with its allergen-friendly alternative to nut butters.