Headlines
The Checkout: Jade Leaf Matcha Acquired; PepsiCo Accelerator Focuses on Food Tech
In this week’s Checkout: WM Partners acquires Jade Leaf Matcha; KIND updates its KIND Kids packaging as part of racial inequality commitments; the fifth annual PepsiCo Greenhouse Accelerator turns its focus to food tech companies; and Gainful and CookUnity close funding rounds.
GoodSam Launches Mission-Focused Chocolate Brand
For chocolate maker GoodSam Foods, the latest brand to emerge from incubator and accelerator BeyondBrands, the goal is simple: make products that are “good for you, good for farmers and good for the planet.” Led by BeyondBrands chief strategy officer and Nibmor co-founder Heather K. Terry, the company recently launched with a goal of using chocolate as a springboard for developing into a sugar-free snack platform focused on transparency and sustainability.
Food Brands, Retailers Halt Political Donations
Following the violent attacks on the U.S. Capitol last week, and heeding customers’ increased calls for accountability, food companies, suppliers and retailers alike are adjusting or suspending political donations.
EverGrain Gives Spent Grain a Second Life as Plant-Based Barley Protein Ingredient
The brewing industry produces 9 million metric tons of spent grain annually, and rather than discard it, Anheuser Busch InBev-backed ingredient supplier EverGrain is giving the nutrient-rich brewing byproduct a second chance as a food and beverage ingredient.
With Rebrand, Ice Cream, and New Ownership, Mauna Loa Looks to Mainstream
The company that owns Mauna Loa feels there’s power in the “mighty mac.” With a goal to transform the Hawaiian macadamia nut line from occasional treat to nutritional powerhouse, the brand’s leadership team has embarked on an ambitious plan, launching a new look, marketing campaign and innovation strategy earlier this month. The change follows yesterday’s sale of parent company Hawaiian Host Group to a consortium of private investors.
A Letter from BevNET & NOSH CEO John Craven: Moving From 2020 to 2021, With Gratitude
The year 2020 was challenging in ways that few of us could possibly have anticipated. We have seen food and beverage industry members face a global pandemic that upended worker safety, the supply chain, retailing and distribution networks. The ongoing lockdowns have tested endurance and resources, but have pushed us all to find creative ways to survive and evolve.
High Road Acquires Three Twins Brand, Will Relaunch as More Premium Offering
High Road ice cream founder Keith Schroeder said his company has acquired the organic ice cream brand’s name and other assets; the brand deal follows a November purchase of the company’s Wisconsin manufacturing plant.
New Wave Foods Raises $18M, Readies for Foodservice Launch
Plant-based seafood brand New Wave Foods announced this week the close of an $18 million round of funding as the brand prepares to “disrupt an enormous market” with its seaweed-based shrimp alternative. New Wave plans to launch the line later this year.
The Checkout: Outstanding Foods, Thistle Close Funding Rounds; KarpReilly Invests in CBD Brand Peels
In this week’s Checkout, plant-based snack brand Outstanding Foods and meal delivery service Thistle close funding rounds; citrus-derived CBD brand Peels secures investment from KarpReilly; and Benford Capital Partners recapitalizes Brothers International Food Corporation.
Partake Foods Closes Round, Expands into New Category
Allergen-friendly snack brand Partake Foods today announced it had raised $4.8 million from investors including Marcy Venture Partners, FF2032 (the investment arm of Lotus Bakeries), CircleUp Growth Partners, and others. The investment comes after the brand announced earlier this week that it would expand beyond the cookie category, launching an all-purpose baking mix.