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Food and beverage industry news.
Hu Products Closes Round, 43 Investors Strong
Today Hu Products, a producer of paleo-friendly, vegan, organic chocolate, announced the close of a round of funding led by Sonoma Brands, the venture fund helmed by CPG veteran Jon Sebastiani.
Taste Radio Ep. 111: CAVU Co-Founder Says ‘You Can’t Read The Book. You Gotta Live It.’
From “kitchen to exit,” this week’s episode features interviews with two founders who have personified the entrepreneurial dream: Clayton Christopher, the co-founder of Sweet Leaf Tea, Deep Eddy Vodka and private equity firm CAVU, and John McDonald, the founder of iconic craft beer company Boulevard Brewing.
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Wildmade Rolls Out First Product Line
Samantha Brands announced last week that it has launched its first product, fruit-based snack line Wildmade, as a sister brand to fruit and veggie snack line Veggie-Go’s.
The Checkout: Minus the Moo Makeover, Batch Takes On New Owners
This week the natural products industry saw new owners, new looks and new products from some of the hottest brands on shelves.
Green Mountain Creamery: We’ve Made a ‘Gateway’ Skyr
The Vermont-based company launched with the mission of making Greek yogurt approachable to consumers that don’t like its traditional taste or texture. Now, the brand is bringing that same mission to a new variety: Skyr.
Ample Foods Raises $2M
The new investment, announced on Tuesday, brings total funding for Ample to $4 million.
Little Secrets Launches New Line, Goes Nationwide with WFM
Today chocolate brand Little Secrets announced that it will launch a line of chocolate wafer cookies — think an all natural Kit Kat — and roll out both of its product lines nationwide in retailer Whole Foods Market in June.
As U.S. Sales Sink, Hain Celestial Outlines Adapted Game Plan
Organic and natural products company Hain Celestial Group saw its stock hit a five-year low yesterday after the company announced it had disappointing U.S. sales this quarter.
IFF Acquires Frutarom for $7.1 B
The New York-based flavor and fragrance giant announced on Monday its plans to acquire Israeli flavors and natural ingredients firm Frutarom for $7.1 billion — its biggest purchase to date. The deal would boost IFF to a second-place spot in the global natural flavors market, seeing as 75 percent of Frutarom’s sales are in natural.
Taste Radio Ep. 110: Foodstirs Founders Explain Importance of Indulging ‘Personal Mission’
Foodstirs co-founders Sarah Michelle Gellar, Galit Laibow and Greg Fleishman bake up “an indulgent experience that’s worth it”; why Vice Cream is betting on “a backlash to the backlash”; rising up times with Weller, a brand of hemp-infused coconut bites