News

Breakout Boston-based pickle brand Grillo’s Pickles has been sold to bakery company King’s Hawaiian in a deal that closed earlier this year.

The confection aisle is a tough nut to crack but SkinnyDipped believes it has the perfect recipe with its emphasis on clean ingredient decks, indulgence and lower-sugar formulations. Last week, the company announced that it would add to its flagship line of coated nuts, launching a new line of nut butter cups and chocolate bars.

In this week’s Checkout, Misfits Market raises $200 million to support growth into new categories and expansion to the West Coast; Nestlé reports strong growth on its first quarter earnings call; and the food and beverage industry celebrates Earth Day.

Anheuser-Busch InBev’s global investment and innovation group ZX Ventures yesterday announced an R&D partnership with animal-free protein maker Clara Foods. The hope is that by utilizing A-B’s fermentation expertise the two can work together to establish new technologies producing Clara’s proteins at large scale, a strategy A-B hopes to also implement at other fermentation-focused companies.

In this episode of Category Closeup, NOSH editor Carol Ortenberg and reporter Erin Cabrey will interview executives and brand leaders from emerging confection companies to discuss company strategy, and how changes within the category affect new product development and marketing.

Foodtech company Perfect Day, which produces a whey protein isolate from non-animal sources for use in dairy alternative food and beverage products, announced this week the formation of its Sustainability & Health Advisory Council, intended to consult the company on environmental concerns and health and wellness issues.

Covering all manner of treats, selling confections might seem like a sweet gig — but getting space on shelf or capturing a consumer’s eye can be tricky in this candy wonderland — especially against large incumbents with the resources to fund innovation and marketing plans. In this month’s Category Closeup: Expert Analysis, we’ll hear from a group of industry leaders and explore both the market dynamics facing confection brands as well as the opportunities within the category.

Twenty years after inception, investor 2X Growth Partners is shaking things up in a continued effort to help CPG brands reach new heights. The group announced yesterday its name was changing to Loft Growth Partners, a moniker it says better expresses the firm’s operating practices. The change comes as the firm also announced the close of its third fund.

Caue Suplicy, the founder and chairman of Barnana, which markets premium snacks made from upcycled bananas, spoke about how the company analyzed consumer demand to better understand how to market and promote the brand and its strategy for sourcing and utilizing sales data.

LiveKindly Collective is on a mission to make plant-based eating “the new norm” globally. Aiming to help consumers seamlessly swap out traditional animal products, the company has amassed a portfolio of four plant-based meat brands sold in over 40 countries. It’s an aggressive plan, but the company is quickly gaining momentum, raising $535 million in its first year and finding a sweet spot between multi-category consumer goods giants and smaller start-ups by creating a global company hyper-focused on the plant-based meat segment.