News
Food and beverage industry news.
Kroger, Albertsons Could Sell Over 400 Stores to C&S for $2 Billion: Report
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.
CCD Innovation and JPG Resources Form Powerhouse Partnership
CCD Innovation (CCDI) of the San Francisco Bay Area announces its partnership with JPG Resources of Battle Creek, MI to expand their chef-inspired innovation, product development, and commercialization services.
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Momofuku Goods Raises $11.5M in Second Round This Year
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 Sells Snack Bar Business To Strengthen Balance Sheet
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.
Seeking Category, Channel Expansion, SkinnyDipped Raises $12M for Growth
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.
Ciranda Hires New Sales VP and Food Safety and Quality Assurance Manager
Ciranda is pleased to announce the addition of two new team members who will further strengthen Ciranda’s sales and FSQA teams: Carol Willenbring, Vice President of Sales, and Jessica Belz, Food Safety and Quality Assurance Manager.
Eat Just Secures Capital For Continued Profitability Push
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.
BevNET & NOSH Community Calls This September: CPG Investments, DSD Secrets, Packaging Design
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.
Notable New Products: Chili-Infused Noodles & Everything Bagel Crisps
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.
Distribution: Seal The Seasons Goes Local; BelliWelli Hits The Bullseye
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.