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Food and beverage industry news.
CPG Week: A Spirits Distributor Exits California. Plus, AG1 Hits Costco
This week, the podcast team discusses the merger of two legacy cheesemakers and the exit of a major beverage alcohol distributor from a key spirits market. Next, the hosts dig into the debut of digitally-native supplement brand AG1 in physical retail and explore why the news of an energy drink startup’s new investor brings fresh opportunities for its growth goals.
Reddy Family Expands Manufacturing With Trillium Foods, Backed by Bain Capital
There’s a new-ish manufacturer in town. After Flavor Reddy Foods grew its food manufacturing footprint via M&A in the past two years, the company is bringing the combined businesses together under one new entity, Trillium Foods.
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Dr. Bronner’s Exits Chocolate Business, Sets Up New Parent Co.
Dr. Bronner’s has transferred ownership of its 10-SKU chocolate bar line to Magic Chocolate Inc., a new entity formed by the brand’s long-term partners to help scale the line independent of Dr. Bronner’s business.
Dietitian-founded Remix Snacks Acquired by Co-Packer
Bean-based snack slinger Remix Snacks is entering a new chapter of growth, announcing yesterday its acquisition by AM Ingredients (2021), its co-packer of four years. Terms of the deal were not disclosed.
Home Cooking Is Back. But CPG Sales Still Could Shrink.
Most Americans are concerned about the economy and recent sentiments from surveys and CEOs signal the same thing: consumers are cooking more at home. But this increase doesn’t necessarily mean CPG sales are about to surge.
Harvest Group Strengthens Costco Capabilities with Acquisition
Commerce agency Harvest Group is strengthening its position in the club channel with the acquisition of Next Step Club Solutions, a Costco-focused brokerage firm. Financial terms of the transaction were not disclosed.
Fed Policies That Drag On Retail Could Be eGrocery’s Gain, Report Suggests
New government policies liable to drag down retail growth could be to the benefit of online grocers, with U.S. online grocery sales expected to outpace brick-and-mortar by 5.2x through 2029, according to a new report from ecommerce data and consulting firm Brick Meets Click.
‘Immediate and Ongoing Harm’: David Sued Over Epogee Acquisition
Last week’s blockbuster investment news about David – including a $75 million round from investors and a post-money valuation of $725 million, according to co-founder Peter Rahal – is also creating a supply chain gridlock for a number of other brands.
‘A Natural Evolution’: Bubbies Ice Cream Expands Beyond Mochi
Bubbies Ice Cream is diversifying its frozen novelty portfolio with the introduction of Mini Ice Cream Cookie Sandwiches, bringing the brand beyond its flagship mochi product.
Reviews: Kencko Snaps Into New Snacking Format; Plus, Pi00a, Forager Project
In this reviews roundup, we chomp into Kencko Fruit Snaps, pi00a frozen pizza and Forager Project’s new plain Greek-style yogurt alternative.