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

In this week’s roundup: Stoneyfield expands plant to make 46M yogurt pouches per year; Taco Bell tries to liberate Taco Tuesday; Target faces backlash as Pride Month approaches and SNAC International releases annual State of The Industry Report

This week, Carol speaks with Jorge Gaviria, CEO and founder of Masienda, and its creative director Daniel Klein about how the company’s focus on video and storytelling has fueled new growth in customer acquisition and retail placements — and led to several James Beard award nominations this year.

Israeli food tech ingredient business Incredo LTD, formerly DouxMatok, announced it has closed a $30 million funding round this week which it will use to expand its research, development and commercialization strategy, as well as accelerate commercial partnerships.

KeHE Distributors has entered into an agreement to acquire DPI Specialty Foods, a West Coast food and beverage distributor, the company announced on Wednesday. Financial terms of the agreement were not disclosed.

Century-old Flowers Foods is no stranger to reinvention but now the bakery conglomerate sees a future strategy in snacking. Portfolio brand Dave’s Killer Bread (DKB) expanded beyond its namesake category for the first time with the launch of a 3-SKU lineup of Organic Snack Bars.

In the latest episode of Elevator Talk, we feature leaders from Little Sesame, Churn Foods, Something Sweet Dough, Struesli and Sea Monsters. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week’s special co-host is Tom Spier, the founder and managing partner of food and beverage investment firm BFG Partners, who shared his thoughts, questions and feedback with the participants.

The aisles of the Sweets & Snacks Expo 2023 were packed with a wide array of new innovations from both new and existing brands. With 16,000 expected attendees, 2023 marked the last year the show will be held in Chicago, instead rotating between Indianapolis and Las Vegas moving forward.

While doubling down on its efforts to become a snacking powerhouse, The Hershey Company is embedding responsible and sustainable practices into its business transformation, as outlined in its 2022 Environmental, Social and Governance (ESG) report released on Tuesday.

Fresh from raising seven-figures for its line of frozen clean-ingredient mac and cheese, 8 Myles has rebranded to Myles Comfort Foods and relaunched its flagship product with a new look and new SKUs.

Wicked Kitchen has acquired plant-based “raw” seafood provider Current Foods, a transaction that deepens the company’s food service offerings and grows its portfolio of plant-based products following its 2022 acquisition of Good Catch. Exact terms of the non-cash deal were not disclosed.

Scharffen Berger is going deeper into snacking with the launch of BREAKS chocolate bark, offering the chocolatier and its president a chance to take on its former owner and employer, respectively.

In this week’s roundup: PepsiCo opens Impacto Accelerator applications; Acosta dubs sweets and snacks ‘accessible luxuries;’ All Yall’s Food brings on its first investor and a food safety lawyer launched campaign against Salmonella in poultry.

The USDA’s purview is regulating agricultural products and livestock that become food, but its reach in the industry stretches into other areas of health, nutrition, food access and safety. Here is a brief explainer about some of the current administration’s priorities pertaining to CPG food.

In this week’s notable new products roundup, Bob’s Red Mill takes inspiration from an ice cream parlor favorite, Rumiano unveils a new look for its cheese products and Dr. Praeger’s launches a new littles flavor.