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

Child labor, unfair wages, deforestation and unsustainable sourcing methods have long plagued the global cocoa supply chain, but two social impact-focused companies are joining forces in an attempt to change that narrative.

Things are about to look a bit more rosy in the condiment and sauce set as Dave’s Gourmet partners with TikTok star Chef Pii to re-launch her viral Pink Sauce that shot to fame this summer.

Last week, low-alc aperitif brand Haus announced that it would shut down after a funding round fell through, leaving the company without the necessary cash on hand to continue operating. But rather than filing for federal Chapter 7 or Chapter 11 bankruptcy protections, the California-based brand instead looked to a different type of common law… Read more »

In the latest episode of Elevator Talk, we feature leaders from Bonito, Heartbeat Hot Sauce, Raw Rev, Sundial Foods and Leto Foods. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week’s special co-host is Alex Sonageri, an investor with VMG Partners, who shared his thoughts, questions and feedback with the participants.

ADM is digging deeper into the animal-free dairy market through a new partnership with Bay Area-based food tech company New Culture. The alliance will accelerate development and commercialization of New Culture’s animal-free dairy products, beginning with a mozzarella variety.

Chamberlain Coffee, the Los Angeles-based specialty coffee brand founded by YouTube sensation Emma Chamberlain, announced it has closed a $7 million funding round to fuel omnichannel business growth.

Private equity firm Butterfly announced today it has closed its sophomore fund, securing commitments from an undisclosed number of institutional investors, family offices, entrepreneurs, and food investors to invest a total of $1 billion in “seed to fork” food-focused entities.

After spending decades at some of the leading food and beverage companies, longtime CPG exec Sarah Meis is moving to the driver’s seat as CEO and co-founder of snack brand The Humble Seed.

Global ingredient supplier SunOpta is banking on its new production facility, sustainability measures and culture of innovation to bring new levels of success as consumers demand more plant-based beverages and food choices.

The teams at BevNET and SuperCoffee are hosting a food and beverage industry meetup on Thursday, September 15th from 4:30 PM to 7 PM CT. The meetup will feature live interviews with the editor and producer of Taste Radio Ray Latif. Join us to network and meet members of the Super Coffee, BevNET, NOSH, and Taste Radio teams including John Craven, Carol Ortenberg, Jacqui Brugliera and Mike Schneider.

This week’s roundup of notable new products saw brands creating better-for-you iterations of classic sweet treats, gearing up for the fall season with Halloween-inspired offerings and launching new Vietnamese coffee products.

TreeHouse Foods is selling the majority of its meal preparation business of pastas, sauces and baking goods among other private-label brands to a U.K.-based private equity firm for $950 million.

Laird Superfood is downgrading its full-year guidance after announcing that net sales dropped 6% year-over-year to $8.7 million during Q2 2022, citing structural headwinds in online channels in addition to inflationary pressures.

CPG brands are broadly split on whether the ongoing supply chain disruptions have fueled or hindered innovation, according to a new report by supplier management company TraceGains. Around 35% of companies reported that they experienced a slight, moderate or significant decrease in product innovation since June 2020, while 36% said market conditions have led to… Read more »