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Food and beverage industry news.
Toosum Raises Its Bar with KUTOA Acquisition
Toosum Healthy Foods announced last week its acquisition of KUTOA, a non-GMO, vegan nutrition bar company. Terms of the deal were not disclosed. Toosum founder Peter Guyer told NOSH that Grassia will remain “very involved” with the business and will have minority ownership. Currently Garcia is focused on helping the two brands come together and continuing to build customer relationships with new and existing retailers.
Analysts React to Stonyfield Acquisition
Last week, Danone cleared the final hurdle in announcing Stonyfield’s acquisition by its fellow French dairy company, Lactalis, for $875 million. After enjoying over a decade of growth under Danone, the New Hampshire-based company is beginning a new chapter. In discussing the deal with NOSH, analysts and experts in the organic grocery space noted that while the deal was ostensibly about freeing Danone to secure the bigger prize of acquiring WhiteWave, it also affirms the long-term value of a strong organic brand.
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Watch: Staff Picks From the Summer Fancy Food Show
One of the highlights from last month’s Summer Fancy Food was the sheer variety of options. Watch the video below to learn what the Project NOSH team chose as their staff picks and why.
A Snackable Opportunity for Drinkable Soups, Yogurts
As consumers continue to seek convenience, nutrition, and satiation from their beverages, drinkable soup and yogurt brands are seeing opportunity in marketing their products as meal replacement drinks or in-between meal snacks.
Watch: Experts Give Insight Into Specialty’s 5 Year Forecast
During the Summer Fancy Food Show in New York City last month, Shelley Balanko, of the Hartman Group, and David Lockwood, of Mintel, gave a presentation on the current state of the specialty food industry, and spoke about how they think it will fare in years to come. The duo crunched the numbers, surveyed and conducted numerous focus group interviews to create sales projections for each category for the next five years. Watch to hear what they had to say.
4 Brands Embrace Makeovers This Summer
Many showed off new-and-improved appearances during last month’s Summer Fancy Food Show in New York City. From package redesigns to complete rebrands, here are four companies that are touting new looks this summer.
Rampolla to “Work For Free,” Joins Beanfields as CEO
What do you do once you’ve sold your beverage brand to Coca-Cola for millions, written a book about the experience and started a new plant-based investment fund? If you’re Mark Rampolla, the answer is you take a job for free. Today Beanfields Snacks announced Rampolla will be joining the company as CEO but draw no salary in the role.
How These Dairy Darlings Could Change the Yogurt Aisle
The yogurt aisle is getting a makeover in the wake of major strategic changes by three of the category’s biggest companies. The shift comes at a time when these players are not only trying to steal market share from each other, but also bring back growth to a category whose once fast sales are now slowing.
IFT 17: Category Developments and Innovations
If you were at this year’s Institute of Food Technology (IFT) show, held this week at the Sands Expo and Convention Center in Las Vegas, you likely caught a glimpse of the future. The venue hosted over 20,000 attendees and 1,200 exhibitors showcasing a range of ingredients, flavorings, colorings, sweeteners and everything in between, painting a broad portrait of the current state of the industry and pointing the way towards further developments and innovations that are only just beginning to emerge.
Tastemaker Capital Launches with Biena Investment
Capital can come in many forms. At some stages, cold hard cash has its role, but some, entrepreneurs are looking to investors who can also bring social capital and strategic advice to their companies. Darren Rovell, a sports business reporter at ESPN, sought to meet that need when he brought together a group of 25 high net worth investors and family offices to make up his new investment group, Tastemaker Capital Partners.









