Food Industry News, Insights, and Education for the CPG Community

Don’t call it a comeback: Within seven years, Brad Charron transformed a distressed company into a profitable, employee-owned B Corporation with more than $100 million in sales.

On CPG Week, the podcast team talks co-branding, energy drink and protein supplement licensing with sweets makers, and the evolution of cannabis in sports recovery drinks.

After announcing the sale of its North American yogurt business last week, CPG giant General Mills plans to shift its focus to bolt-on acquisitions of “smaller size assets” to enhance growth, said chairman and CEO Jeff Harmening in today’s Q1 earnings report.

Wellness Bars are seeing some growth in sales. Meanwhile, granola & snack bars have seen a slight decline in both sales and units.

Daily Crunch has scooped up $4 million in a Series A funding round led by Launch Tennessee with participation from various strategic investors.

Mars has promoted Daniel Calderoni, a manager within its pet nutrition division, to be the new CEO of KIND Snacks North America.

PRIME has joined forces with Feastables to introduce Lunchly, a kid-friendly meal kit positioned as a better-for-you competitor for Kraft Heinz’s Lunchables.

Expect Korean foods and flavors to roll out to more retail shelves in the coming year as the cuisine continues to gain traction on U.S. menus.

Nooish founder Sarah Nathan talked to Nosh about her instant matzah ball soup product and why she decided to launch a brand despite knowing the challenges that come with being a CPG food operator.

In this week’s new products roundup, Mike’s Hot Honey unveils yet another co-branded product, SPAM takes inspiration from a popular Korean condiment, and Krusteaz ventures into the refrigerated aisle.

Simpli is helping define what regeneratively grown products look like as it expands across multiple grocery categories while working to inform new consumers about the benefits.

The numbers don’t lie: Over half of Americans are actively trying to shed pounds. The U.S. faces a weight problem with obesity rates more than doubling since 1980 and remaining stubbornly high for over two decades.

General Mills announced today it has agreed to sell its North American yogurt business to French dairy companies Lactalis and Sodiaal in cash deals valued at an aggregated $2.1 billion.

After two decades of focusing on decorated cookies, Fancypants Baking Co. is ushering in a new era of growth centered around a line of bite-sized, sustainability-focused cookies crafted with “pantry ingredients.”