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

Alter Eco has shifted hands once again. Today, Texas-based investment firm Trek One Capital announced it has acquired the Fair Trade, regenerative confections and pantry staples producer. The deal closed on December 22, and terms were not disclosed.

When Norma Chu founded DayDayCook in 2012, the Hong Kong-based company was simply an online recipe sharing platform. Twelve years later, with Chu still at the helm as CEO, it’s become a publicly traded global CPG portfolio business specializing in Asian food brands.

Instacart is facing a pair of lawsuits from disgruntled shareholders seeking to recover damages for losses incurred after the online shopping platform allegedly knowingly exaggerated its growth prospects.

M&A activity continues to accelerate. This morning we are bringing you updates on the changing snack landscape as Our Home expands its platform with tried-and-true Utz Brand muscle. Additionally we run down news that distressed salad dressing maker Tessemae’s has found a new home and share details on a growing pasta platform.

The co-founders of Singing Pastures Farm talked to Nosh about bringing the message of regeneratively farmed and pasture-raised pork to the meat snacks category.

Despite touting fiscal year 2023 as its “best year ever” with record gross profit dollar growth of $2.2 billion, Mondelez International will continue raising prices on some of its products in 2024 to combat cocoa inflation.

In the latest episode of Elevator Talk, we feature leaders from Harken Sweets, Rotten, Soom Foods and Philosopher Foods. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week’s special co-host is Wade Yenny, the vice president of center store for The Fresh Market, who shared his thoughts, questions and feedback with the participants.

California-based FreshRealm announced this morning it had acquired the U.S. operational assets and supply chain infrastructure of global meal kit provider Marley Spoon for $24 million.

CPG industry veteran Craig Dubitsky launched today a new coffee brand called happy products that seeks to pair a philanthropic mission and unique business structure with the clout of a recognizable face to compete in the $17 billion coffee category.

Aiming to put a troubled period behind it, meal kit maker Blue Apron is embracing a leaner business model in 2024 that prioritizes flexibility and accelerates innovation targeted at consumers’ growing interest in convenient, clean label offerings.

In a special dispatch from Las Vegas, the Nosh team spoke with Specialty Food Association trendspotters about the latest food and beverages on display at this year’s Winter Fancy Food Show.

In this week’s notable new products gallery, TCHO releases Choco Nachos just in time for the Super Bowl, Enzymedica launches its first CPG food product and Oreo hopes to transport consumers’ taste buds to outer space.

From cauliflower-packed puffs to dehydrated fruit-based brittles to freeze-dried salsas, emerging brands are experimenting with ingredients and processing technologies to develop healthier and more sustainable spins on snacks and staples.

With this week’s launch of A2/A2 Whole Milk Shakes, children’s fresh food brand Once Upon a Farm is seeking to fill a gap for no-added-sugar dairy-based pouches targeted at young consumers.