News
Food and beverage industry news.
SNAC Time: Industry Association Discusses 2024 Priorities, Expectations
SNAC International discussed its approach to the FDA’s 2024 regulatory agenda pertaining to sodium reduction, food labeling and processed foods and also made predictions on how flavor and function might play into bringing new consumers to the category.
Is This $9 Toaster Pastry a Pop-Tarts Killer?
Flings, a Montreal startup’s modern twist on a billion-dollar brand, is rolling out to Target stores nationwide.
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A Recipe for Success? Why Plant-based Brands Are Building In Foodservice
As consumers increasingly lean into food-away-from-home occasions and plant based producers look for ways to differentiate and diversify their businesses, foodservice has emerged as an essential channel.
Seth Rogen’s Houseplant Bringing ‘Contemporary Cannabis Culture’ To Coffee Via Cometeer Collaboration
Seth Rogen is the latest Hollywood name looking to be a part of your morning cup with Houseplant Coffee, a collaborative venture announced this morning between the actor’s Houseplant brand and frozen coffee capsule platform Cometeer.
New Products: Savory Granola, Hot Girl Pickles & Influencer-Approved Chocolate
In this week’s notable new products roundup, Elmhurst 1925 announces the release of its first food product, Streusli brings its granola into new eating occasions and Good Girl Snacks releases Hot Girl Pickles.
Need Some Pierogi? Ask Your Polish Jaju
Boston-based Jaju Pierogi has slowly built a “grassroots” brand and in the process learned the ups-and-downs of getting bigger and carving out a niche in the frozen dumpling category.
Organic Chocolatier Alter Eco Announces Acquisition By Trek One Capital
Alter Eco has shifted hands once again. Today, Texas-based investment firm Trek One Capital announced it has acquired the Fair Trade, regenerative confections and pantry staples producer. The deal closed on December 22, and terms were not disclosed.
DayDayCook Wants to Become the “General Mills for Asian Food”
When Norma Chu founded DayDayCook in 2012, the Hong Kong-based company was simply an online recipe sharing platform. Twelve years later, with Chu still at the helm as CEO, it’s become a publicly traded global CPG portfolio business specializing in Asian food brands.
Instacart Shareholders Claim It Overstated Growth Potential In Class Action Suits
Instacart is facing a pair of lawsuits from disgruntled shareholders seeking to recover damages for losses incurred after the online shopping platform allegedly knowingly exaggerated its growth prospects.
Deal Dive: Our Home Buys From Utz and Tessemae’s Acquired
M&A activity continues to accelerate. This morning we are bringing you updates on the changing snack landscape as Our Home expands its platform with tried-and-true Utz Brand muscle. Additionally we run down news that distressed salad dressing maker Tessemae’s has found a new home and share details on a growing pasta platform.
