Headlines

Seeking to gain U.S. regulatory approval for their proposed $24.6 merger, grocery giants Kroger and Albertsons are in talks to offload 400 stores to C&S Wholesale Grocers for nearly $2 billion, as reported by Reuters.

Asian-inspired pantry staples maker Momofuku Goods has raised $11.5 million in a funding round led by Alliance Consumer Growth to further its national expansion strategy. This is the “restaurant-grade” brand’s second, eight-figure raise this year.

TreeHouse Foods announced today that it will sell its Lakeville, Minn. manufacturing facility and snack bars business to global nut distributor John B. Sanfilippo & Son, Inc. for approximately $63 million as it shifts focus to becoming a private label leader. The deal is expected to close in the next 30 days.

Confection and nut brand SkinnyDipped raised $12 million, according to an announcement today. The round saw participation from both notable individuals and venture entities associated with celebrities and entrepreneurs.

Eat Just secured an infusion of new capital and, according to an announcement late Friday, the funds will go toward improving the product’s quality and the business’ bottom line.

This month, join us for conversations with an angel investment group, explore DSD secrets that skyrocket case sales, and take a look at stand-out packaging designs from Expo East.

In this week’s roundup of notable new products, Pringles jumps on the everything bagel flavor trend, Yaza looks to bring Americans labneh and GEKI launches what it claims to be the first chili-infused noodles available in the United States.

In this distribution roundup: Seal the Seasons goes chain-wide with local product at Publix, BelliWelli hits the Target bullseye, Laoban Dumplings expands lineup and footprint at Costco, and more.

Hormel Foods today lowered its net sales guidance for the full year to the low single-digit range citing unfavorable pork and turkey commodity markets and weakened demand in China.

Campbell’s Q4 results exemplified the company’s emphasis on its snack brands with an eye towards how it expects the Sovos acquisition might grow margins in the Meals category for the coming year.