News
Food and beverage industry news.
Cali’Flour Foods Goes Up For Sale
Cali’Flour Foods is heading to the auction block. According to a press release issued today, the cauliflower-based frozen food company will go to a public sale on September 8, conducted by GemCap Solutions, LLC, an asset-based lender that provides loans to low and middle market businesses.
The Urgent Company Acquired, Surperlatus Ramps Up Biz Plans
Animal-free dairy ingredient provider Perfect Day has sold The Urgent Company, its consumer business platform, to publicly traded TRxADE, which is currently also undergoing a reverse merger with food technology and distribution company Superlatus
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Distribution: GoNanas, Egglife Get Whole Foods Pickup, Target Expands Tea Drops
GoNanas and egglife find nationwide distribution at Whole Foods while Just Date and Red’s make it onto Sprouts Farmers Market shelves. Tea Drops expands its at-home boba and latte kit partnership with Target adding 1,000 stores.
Slow Rise: Why A Steady Pace is Pinsa Love’s First Priority
The frozen pizza set is about to welcome a new style of premium pies. Pinsa Love is heading to the frozen aisle of 120 Giant stores this month after quietly scaling in the Washington D.C-area over the past two years.
Notable New Products: Justin’s Snack Mix & Klatch Limited Edition Varietal Coffee
In this week’s New Products Roundup, Momofuku step back into noodles, Harvest Snaps gets spicy and Justin’s hits the trail with a nut mix.
Boxed Bought From Bankruptcy by Distributor
Boxed.com is getting a second chance, with regional distributor MSG buying up the beleaguered online bulk food and household goods provider, the company announced today.
“First Family of TikTok” the D’Amelios Launching Be Happy Snacks
Armed with a new investment from Fifth Growth Fund (FGF), social media stars the D’Amelios are hoping that their 200 million TikTok followers follow them into CPG with the launch of Be Happy Snacks this fall.
NOSH Podcast: For Better Or Worse, Treat Investment Like A Marriage
On this week’s NOSH podcast, the team discuss the recent acquisition of Sovos Brands by Campbells and a discussion with two NOSH Notable “Backers” on the current environment for CPG food investment.
Hacking Hostess: Can The Better Bakehouse Redefine Donuts?
It’s been a two-year wait, but better-for-you baked goods company the Better Bakehouse recently debuted its first brand, Donutful, exclusively at select Wegmans stores. While the concept of creating a cleaned up circular sweet may sound pretty uncomplicated, getting the business off the ground and the donuts on-shelf was not a piece of cake.
Heading South: ALDI to Acquire Winn-Dixie, Harveys stores (Updated)
Grocery chain consolidation continues: ALDI has announced today it is acquiring Southeastern stores Winn-Dixie and Harveys from Southeastern Grocers (SEG).