News
Food and beverage industry news.
CPG Week: What’s With All The Recent M&A Deals?
The CPG Week team talks about mergers, acquisitions and restructuring news this week and why a prioritization of production capacity appears to be the through-line in many of the deals.
Laird Superfood: Q1 Earnings Marks Return to ‘Growth Story’
Don’t call it a turnaround – at least that was the attitude of Laird Superfood CEO Jason Vieth during the nutrition brand’s Q1 2024 earnings call yesterday, declaring that the “turnaround story has officially become a growth story once again.”
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Better Sour Names Former Good Crisp Company Exec Steve Wangler SVP of Sales
Globally-inspired gummy candy maker Better Sour announced today that Steve Wangler has come out of retirement to serve as the company’s SVP of sales.
Meati Raises $100M, Locks In Kroger Deal As ‘Path to Profitability’ Accelerates
Meati announced a trio of big moves today, headlined by the closing of a $100 million investment led by Grosvenor Food & AgTech.
Tyler Ricks Named CEO at Caulipower
After announcing his departure from Super Coffee last week, Tyler Ricks is taking the reins at Caulipower as its new CEO.
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.
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.