News

Mexican-American family-owned food brand Siete Family Foods announced today the close of a $90 million minority investment from Stripes Group in order to help fulfill the company’s growth plan, co-founder and CEO Miguel Garza told NOSH. The brand hopes the news of the investment will inspire other firms to invest in other minority-owned and female-owned brands.

At NOSH Live, Siete co-founder and CEO Miguel Garza sat down with NOSH editor Carol Ortenberg to discuss how the family-owned business developed its own set of values, while at the same time it maintained focus and forged a new path: “living in the hyphen” as a Mexican-American brand.

In recent people moves, private equity firm VMG announced this week that Angad Hira has transitioned from his previous role of vice president to that of CFO and snack brand KIND announced that president and COO John Leahy will retire from the company.

The shift from bars to bites and bark in the confectionary space is becoming more frequent, and now another classic candy maker is joining the fray. This month 35-year-old Lake Champlain Chocolates announced it would be launching Snack Bites — a line of chocolate disks available in resealable pouches.

Jafflz founder and CEO Meryl Van Der Merwe is disrupting the frozen handheld category with a new concept, toasted sandwich pouches filled with premium ingredients. The company aims to make this unique cuisine approachable, giving mom’s a healthy and convenient alternative in the freezer aisle.

Walk any aisle at the grocery store and three trends are inescapable: protein, plant-based and snackability. Although these are staple callouts in the natural set, they’ve yet to enjoy broad adoption by specialty food providers — until now. At this year’s Winter Fancy Food Show, NOSH spotted several specialty food providers embracing these product attributes in a quest to tweak their classic specialty lines to better meet today’s consumer needs.

In January meat snack brand Field Trip announced the launch of Everything Bagel seasoned jerky. Now the new flavor will launch nationwide. Consumers also can expect to see new brands in the Whole Foods granola category.

Plant-based superfood mix brand Your Super announced today the close of a $5 million series A round of funding. Led by PowerPlant Ventures, the round also included Doehler Ventures and several angel investors. The company differentiates itself in the crowded supplement category by both focusing on ingredient sourcing and direct-to-consumer sales.

Food and beverage industry lobbying groups filed comments with the U.S. Food and Drug Administration (FDA) today, ahead of this afternoon’s deadline for public response on the use of dairy terminology for plant-based products.

Oregon Ice Cream has been around for a long time, so maybe it was time to make some changes. The company announced this month a rebrand, a new pint line and the consolidation of its entire branded portfolio under its bestselling Alden’s line.