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Food and beverage industry news.
CPG Week: Keurig Dr Pepper’s Drink Mix Deal and Black Rifle’s Legal Combat
On the CPG Week podcast, Nosh managing editor Monica Watrous and senior reporter Lukas Southard discuss Keurig Dr Pepper’s acquisition of Dyla Brands, the legal drama surrounding veteran-owned Black Rifle Coffee Company, and formation of a new collective advocating for higher standards across the food system, and the challenges and triumphs of dehydrated fruit company BranchOut Food.
Beyond Drops ‘Meat’ From Name in Shift Toward Wider Plant-Based Platform
Beyond Meat, one of the most recognizable players in plant-based protein, is ditching the second half of its name to reframe itself from a meat alternative to a protein business.
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Philadelphia, Primal Kitchen Drive Gains as Kraft Heinz Weighs What’s Next
Kraft Heinz didn’t dive into rumors on today’s earnings call that it may be the latest food conglomerate to divide up and sell off certain business segments, but it did make an effort to reassert its confidence in the company’s future.
Hershey: Cocoa Pricing Dominates Q2 Earnings, Outlook
The Hershey Company reported Q2 net sales growth, while net income and adjusted EPS both declined amid a “volatile” cocoa pricing market.
PE-Backed Turri’s Adds Joseph’s Premium Frozen Products
Benford Capital Partners-owned Turri’s Italian Foods has acquired Joseph’s Gourmet Pasta from LaSalle Capital in a deal announced on Tuesday.
Mondelēz Signals New Wave of Price Hikes Amid ‘Unprecedented’ Cocoa Inflation
Rising sales in Europe helped offset weak domestic demand for Mondelēz International’s chocolate and biscuit products during the second quarter.
Righteous Felon Rides Meat Stick ‘Rocket Ship’ To New Heights
Known for its craft beef jerky, Righteous Felon has spent the last few years reallocating resources toward its meat stick offerings, with sales rapidly growing as a result.
Marketing: Baked By Melissa Teams Up With SunChips
Famed New York City bakery brand Baked By Melissa is no stranger to unconventional collaborations. The cupcake maker’s mash-up with Frito-Lay brand SunChips is just the latest in a series of partnerships with popular savory brands.
Welch’s Names Cees Talma as CEO, Effective Immediately
Welch’s, the 156-year-old juice and jelly manufacturer, has named Cees Talma as its new CEO, replacing outgoing chief executive Trevor Bynum, effective immediately. Talma has held a number of CPG leadership roles in a three-decade career.
U.S. Food Manufacturing Is Growing, But Can It Continue?
Today, Mars, Inc. emphasized its commitment to U.S.-made food with a $2 billion investment to grow operations by the end of 2026. But before the current administration takes credit for turning the tide on food investment overall, it makes sense to note that the U.S. food manufacturing sector was already growing