News
Food and beverage industry news.
On the Rise: Hero Bread Closes $15M to Grow National Distribution
Bakery brand Hero Bread announced today it has closed $15 million in funding to help the brand meet consumer demand and fuel future product innovation. The capital raise comes as the San Francisco-based brand shifts its focus to physical retail.
Are SPACs Back? Above Foods To Go Public
Vertically-integrated ingredient supplier, agriculture company and CPG producer Above Foods will go public via a reverse merger with blank check company Bite Acquisition Corp. The deal values Above at roughly $319 million
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Butter Buds Announces Michael Shrear As Regional Sales Manager
Butter Buds Inc., a global leader in dairy and non-dairy concentrates, recently named Michael Shrear as Regional Sales Manager. In his new role, Shrear will be responsible for overseeing and managing sales of Butter Buds products to customers across the East Coast.
Heirloom Coffee Roasters Launches 100% Paper Foodservice Packaging
Heirloom Coffee Roasters, a leading regenerative coffee roasting company, announces the launch of the first-ever 100% paper foodservice coffee packaging. This innovative packaging is ultra-durable and has no plastic or metal, eliminating waste from the supply chain.
Le Sauce & Co. Launches New Classic Demi-Glace Flavor
Le Sauce & Co., a women-owned family business, is launching a new delicious flavor that until now was only available at your local steakhouse. This Classic Demi-Glace flavor is a rich flavored steak sauce that can create a more simple kitchen for consumer’s so they don’t have to spend lots of time cooking.
GFI: Taste, Price Still Impeding Growth for Plant-Based Proteins
Despite significant gains in recent years, mass-market adoption of plant-based meat, seafood, eggs and dairy remains limited by taste and pricing-related challenges, according to the Good Food Institute’s (GFI) State of the Industry report.
Moving into Meals, Omsom Takes a ‘Saucy’ Approach to Instant Noodles
Omsom is taking its unique branding approach to the quick-ready meal category with a 4-SKU line of Saucy Noodles, marking the brand’s first major line extension since the company hit the market in May 2020.
May 2023: Sign Up For This Month’s Community Calls
Community Call is a recurring series of open meetings dedicated to pressing topics impacting food and beverage businesses. This month, we welcome a range of guests covering topics such as current hiring trends, using social media to drive sales, how to scale your sales team, and avoiding deduction surprises.
As Costs Rise, Brands Reconsider D2C; ‘I Think it’s the Beginning of a Trend’
D2C sales growth is leveling out from its explosive heights and the opportunities for startups in the space have tightened to the point that many are simply giving up.
Mondelēz: Consumers Remain Loyal to Brands, Clif Reports Strong Financial Improvement
Mondelēz reported strong top line growth on its Q1 earnings call yesterday. In the first quarter, executives noted, 2022 acquisition Clif Bar showed double-digit revenue growth.