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

While operating for 10 years in the cannabis industry, Punch Edibles and Extracts has built an expansive portfolio, established a co-manufacturing business and has recently acquired Tempo Crackers to meet consumers in the savory categories.

The CPG Week team talks about mergers, acquisitions and restructuring news this week and why a prioritization of production capacity appears to be the through-line in many of the deals.

Don’t call it a turnaround – at least that was the attitude of Laird Superfood CEO Jason Vieth during the nutrition brand’s Q1 2024 earnings call yesterday, declaring that the “turnaround story has officially become a growth story once again.”

Globally-inspired gummy candy maker Better Sour announced today that Steve Wangler has come out of retirement to serve as the company’s SVP of sales.

Meati announced a trio of big moves today, headlined by the closing of a $100 million investment led by Grosvenor Food & AgTech.

After announcing his departure from Super Coffee last week, Tyler Ricks is taking the reins at Caulipower as its new CEO.

In this distribution roundup: Daily Harvest continues its brick and mortar expansion, Fishwife launches nationwide with Whole Foods, YUMI adds Walmart to its growing door count and more.

Los Angeles-based private equity firm Butterfly is restructuring Bolthouse Farms, separating its produce segment from its fresh juice and salad dressing business.

Two specialty nutritional foods manufacturers have combined as Pittsburgh-based TruFood Manufacturing announced today it has completed a merger with West Coast snacks producer Bar Bakers, LLC.

This week’s new product gallery reads something like a superhero team-up comic, thanks to a couple of eye-catching co-branded releases from Mondelez-owned brands Oreo and Sour Patch Kids, as well as grass-fed, flavored butter maker Churn. Plus, Mary Jones makes its first foray into D9 gummies.

Our Home’s better-for-you snack platform is expanding with today’s announcement that it has acquired cheese crisp snack maker Sonoma Creamery for an undisclosed sum.

In this episode, the CPG Week team talks Beverage Forum insights, the state of the cannabis industry after the news that marijuana will be rescheduled to a Class III drug and the troubling signs coming out of the fintech consumer brand lender Ampla.

Mondelēz posted “solid top-line” results in Q1 2024 with net revenue up 1.4% and organic net growing 4.2%; however the multinational chocolate, candy and snack producer saw volume/mix decline 2.1%.

The country’s largest grocery retailer is setting up to capitalize on consumers’ growing affinity for private label offerings amid continued, heightened food prices. Walmart debuted its new store brand, bettergoods, today with over 300 unique products.