News
Food and beverage industry news.
Distribution: Daily Harvest Takes Target; Fishwife Hooks Whole Foods
In this distribution roundup: Daily Harvest continues its brick and mortar expansion, Fishwife launches nationwide with Whole Foods, YUMI adds Walmart to its growing door count and more.
Bolthouse Restructures, Creating New CPG Division Generous Brands
Los Angeles-based private equity firm Butterfly is restructuring Bolthouse Farms, separating its produce segment from its fresh juice and salad dressing business.
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Nutritional Snacks Manufacturers TruFood, Bar Bakers Merge
Two specialty nutritional foods manufacturers have combined as Pittsburgh-based TruFood Manufacturing announced today it has completed a merger with West Coast snacks producer Bar Bakers, LLC.
New Products: Collabs From Oreo and Churn; Mary Jones’ Venture into D9 Gummies
This week’s new product gallery reads something like a superhero team-up comic, thanks to a couple of eye-catching co-branded releases from Mondelez-owned brands Oreo and Sour Patch Kids, as well as grass-fed, flavored butter maker Churn. Plus, Mary Jones makes its first foray into D9 gummies.
Our Home Acquires Sonoma Creamery
Our Home’s better-for-you snack platform is expanding with today’s announcement that it has acquired cheese crisp snack maker Sonoma Creamery for an undisclosed sum.
CPG Week: High Hopes For Hemp And Ampla’s Credit Concerns
In this episode, the CPG Week team talks Beverage Forum insights, the state of the cannabis industry after the news that marijuana will be rescheduled to a Class III drug and the troubling signs coming out of the fintech consumer brand lender Ampla.
Mondelēz Grows Q1 Revenue, Profits Despite Challenging Operating Environment
Mondelēz posted “solid top-line” results in Q1 2024 with net revenue up 1.4% and organic net growing 4.2%; however the multinational chocolate, candy and snack producer saw volume/mix decline 2.1%.
Walmart Doubles Down On Private Label With Premium, Accessible bettergoods Debut
The country’s largest grocery retailer is setting up to capitalize on consumers’ growing affinity for private label offerings amid continued, heightened food prices. Walmart debuted its new store brand, bettergoods, today with over 300 unique products.
High Hopes: THC Edibles Turn to Hemp
Banking on the success of low-dose beverages, the cannabis edibles category is circumventing the regulated market and expanding into hemp-derived THC to reach new consumers in regions where adult-use dispensaries are not accessible.
The Simply Good Foods Company Acquires OWYN
The Simply Good Foods Company announced today it will acquire Only What You Need (OWYN) for $280 million in a cash transaction.