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Food and beverage industry news.
Insider Daily Briefing: Profitable Performance & Purpose-based Product Positions
Also in this edition: Oats Overnight soaks up $35 million, Siddhi closes on $135 million Fund II, details from Sprouts’ earnings and how Above Food is building on regenerative ingredients.
Siddhi To Deploy New $135M Fund II For Growth Stage Investments
Siddhi Capital announced the closing of its second fund today at $135 million; the new vehicle marks the firm’s shift from startup to growth equity stage investments and a broadening beyond food and beverage.
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Oats Overnight $35M Series B to Support Retail, Production
Oats Overnight announced today it has raised $35 million in a Series B funding round intended to help the high-protein oats brand continue to expand its manufacturing capabilities and grow its footprint in retail stores.
Above Food Outlines Path Ahead In First Public Co. Update
Regenerative ingredient platform company Above Food marked its first month trading on the Nasdaq with an update and overview last week highlighting that the overall business has grown at a CAGR of 34% since fiscal 2021.
Distribution: Serenity Kids Goes to Albertsons; Munk Pack Hits the Bullseye
Shelf-stable baby and toddler food brand Serenity Kids has expanded its distribution footprint with the addition of 2,000 Albertsons locations nationwide.
Cultured Protein Maker Taps Beef Industry Vet, Eyes Supplier Role
Dutch cultured meat maker Meatable announced its a appointed beef industry executive as its CEO to lead the food tech outfit into a role partnering with established meat companies.
New Products: Tantos’ Puffed Pasta Chips & Juicy Marbles’ Reformulated Plant-Based Ribs
In this week’s new products roundup, Ready. Set. Food! teams up with beloved children’s TV character Daniel Tiger to launch a line of puree pouches, Juice Generation makes its first foray into the gelato category and Bubbies unveils a TEA-riffic new flavor.
Insider Daily Briefing: Gastronomy At The Summer Games
Also in this edition: this week’s hot new products, news from Kroger/Albertsons deal deliberations, inside Gopuff’s new ad platform and why Ferrero is upping its frozen manufacturing investments.
Kroger/Albertsons: Parties Agree In Colo. To Put Mega-Merger on Hold
Kroger and Albertsons’ $24.6 billion grocery merger is once again in flux after a Colorado judge and the state’s attorneys general agreed today to an order temporarily halting the proceedings.
CPG Week: What’s New At IFT & PRIME’s Latest Legal Dilemma
On this episode of CPG Week, the podcast team talks expensive energy drink-themed accessories, IFT First and the latest legal quandary for Logan Paul’s drink brand, PRIME.