News

Mondelez International’s SnackFutures Ventures announced this week it has taken a minority stake in air-fried, low-sugar donut brand Urban Legend. Financial terms of the investment were not disclosed.

With a majority of its nearly year-long reorganization efforts now complete, the U.S. Food and Drug Administration (FDA) is ushering in a new era.

The number of serious illnesses caused by a Listeria outbreak linked to contaminated deli meat continues to climb, according to the Centers for Disease Control and Prevention, which last week reported a total of 59 hospitalizations and 10 deaths across 19 states since its investigation began in July.

United Natural Foods Inc. (UNFI) posted a 10% year-over-year increase in net sales to $8.2 billion during Q4 2024 amid the Health and specialty food distributor’s ongoing transformation efforts, according to an earnings report released this morning.

Once Again announced today it has acquired California-based, organic almond manufacturer Big Tree Organic Farms as it seeks to increase efficiencies and reduce its environmental impact for its West Coast industrial customers.

Stoked Oats announced it is moving beyond the breakfast aisle for the first time with the launch of a new innovation today: Stoked OatRice.

Ferrero North America announced the opening of its new $214 million Kinder Bueno production facility in Bloomington, Ill., this week, marking the company’s first chocolate factory located outside of Europe. The 169,000 sq. ft. facility is part of an expansion of its existing campus, which produces Crunch, 100 Grand, Raisinets and other chocolate products, and… Read more »

BevNET’s Taste Radio podcast team is excited to announce a series of free food, beverage, and beer industry meetups in London, taking place on Tuesday, October 15 and Wednesday, October 16.

Protein bar maker Mezcla is unveiling new branding as it enters its next phase of growth following a recent funding round that brings its total backing to more than $8 million. Additionally, the plant-based bars, which feature a puff-crispy texture, are rolling out to more retail shelves by year-end.

PepsiCo, Inc. announced this morning it has entered into a definitive agreement to acquire Siete Foods for $1.2 billion. The transaction is expected to close in the first half of 2025, pending regulatory approval and customary closing conditions.