News
Food and beverage industry news.
Shore Capital Partners Closes $450 Million Food & Beverage Fund III
Shore Capital Partners announced today the close of its third food and beverage fund with over $450 million in capital commitments.
More Than Hummus: Refrigerated Dips Abound At Summer Fancy Food
At the Specialty Food Association’s Summer Fancy Food Show, brands showcased authentically diverse offerings in the refrigerated dip set that lean into health trends and global flavors.
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Marubeni Corporation Enters U.S. Ice Cream Manufacturing With Bubbies Acquisition
Japanese trading and investment company Marubeni Corporation has acquired Phoenix, Ariz.-based Bubbies Ice Cream, marking its entrance into the U.S. ice cream market. Terms of the deal were not disclosed. As part of the transaction, Bubbies will join Marubeni American Corporation, based in New York City, while continuing operations out of Phoenix, per a press… Read more »
Tazzy Pivots From Candy To Cookies With Eyes On Bakery Set
Tazzy Candy has pivoted from its inaugural product type to a new 3-SKU line of Cookie Bites along with the yet-to-be launched second endeavor, with both debuting at the Summer Fancy Food Show this week.
Bearded Brothers to Expand Multi-Brand Bar Platform with SANS Acquisition
Organic foods brand Bearded Brothers has acquired fellow bar maker SANS Meal Bar, SANS founder and CEO Nathan Gordon announced on LinkedIn Friday.
Cup Noodles Maker Eyes GLP-1 Craze at Fancy Food Show
Nissin Foods, the maker of Cup Noodles instant ramen, is targeting GLP-1 weight loss drug users with a new product line debuting this week at the Summer Fancy Food Show in New York. Kanzen Meal, the company’s first foray into the single-serve frozen meal market, was developed using proprietary technology and Japanese culinary techniques to precisely deliver key nutrients while optimizing flavor, according to Nissin Foods.
In The Dark, Brands Await UNFI Cyberattack Fallout
United Natural Foods, Inc. (UNFI) says it’s back up and running after a cyberattack hobbled the distributor’s national network earlier this month, but brand operators anticipate continued disruption for some time, and many remain in the dark about the ongoing impact.
Marketing: Vital Farms Whisks Up Ad Spot for ‘The Bear’; Hellmann’s Enters the Great Mayo Debate
Pasture-raised egg producer Vital Farms has cooked up a new sponsorship and custom ad spot for the fourth season of Disney and FX’s hit series “The Bear.”
Loma Linda Parent Up For Auction After Failed SPAC
Atlantic Natural Foods has entered into an asset purchase agreement with Century Pacific North America Enterprise, Inc., to restructure its supply chain after terminating a three-year relationship with Above Foods Ingredients, Inc.
New Products: Favalicious Does Pasta, B.T.R. Nation Teams With Blue Bottle, Heyday Soup-ifies Lasagna
From root beer-flavored barbecue sauce to dill pickle-flavored cheese shreds, this week’s new product innovations span all sides of the industry.