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Food and beverage industry news.
Amplify Snack Brands’ CEO Says Snack Business is Popping
The stock market hasn’t loved its parent company, but hot popcorn brand SkinnyPop is nevertheless still growing like crazy, Amplify Snack Brands’ CEO said this week. Speaking at strategic communications and advisory firm IRC’s annual conference in Florida this week, Amplify CEO Tom Ennis discussed the continued growth of the popcorn brand and gave glimpses of a future platform that he hopes will allow the company to take more territory in the broader snack category.
Chobani Vets Score $11m for Skyr Startup
Icelandic Provisions, a new dairy startup, believes they have the recipe for success in the yogurt category by using skyr to target consumer needs for higher protein and lower sugar cultured dairy. The company leadership recently closed an investment of $11 million dollars led by healthcare and technology VC Polaris Ventures.
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Rhythm Superfoods Collects $3 Million; General Mills’ 301 INC Leads Round
Kale chip maker Rhythm Superfoods has become the first direct investment from General Mills’ new 301 INC venture capital arm. The $3 million raise was led by 301 INC via a fund it has set up on CircleUp, a crowdsourced investment platform.
Edible Ventures Launches As Angel Fund for Food & Beverage Companies
2016 marks the official launch of Edible Ventures, the nation’s first angel group investing solely in high growth, ready-to-eat, ready-to-drink CPG companies. Project NOSH sat down with Edible Ventures’ Managing Director, Jeremy Halpern, to find out why there’s a need for this group, why the time is right for its launch and what the group is looking for in entrepreneurs and companies.
Industry Responds to New Federal Dietary Guidelines
The U.S. Department of Agriculture and the Department of Health and Human Services released their final draft of the nation’s federal dietary guidelines yesterday. Since then numerous industry groups and companies have issues statements lauding or disagreeing with the new guide.
EPIC Founder Talks General Mills Acquisition
Today consumer foods giant General Mills announced that it has acquired upstart meat snack company EPIC Provisions. The brand will operate under General Mills-owned Annie’s Organics. Both Taylor Collins, Epic’s co-founder, and John Haugen, General Mills’ VP & General Manager of 301 Inc, spoke with NOSH about the acquisition.
Tessemae’s to Switch to Organic & Reformulate Dressings
Quickly putting a recent $5 million investment round to use, the team at Tessemae’s All Natural is re-launching their line of salad dressings and condiments.
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FDA to Extend Comment Period on Use of the Term “Natural”
The Food and Drug Association has extended the comment period for use of the term “Natural.” by 90 days. Originally comments were due February 10th, but now have been moved to May 10th.
What Will 2016 Hold for Food Companies?
It’s that time of the year when marketing companies, flavor houses and research firms dust off their crystal balls, peer deeply into the future, analyze some data, and issue their predictions for what the next year will hold. We combed through the lists to bring readers what we think are some of the most unique, well thought out, and creative trends for 2016.