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

In this week’s roundup: PE firm Kainos Capital closes $1B fund; Nestle, Wholesome Crave and UMass Dining launch plant-based meal program; ADM faces labor union charges and Motif Foodworks expands by offering out bioprocessing capabilities.

Morinaga Nutritional Foods, a subsidiary of Morinaga Milk Industry Co, has acquired Turtle Island Foods, the producer of Tofurky and alt-dairy line Moocho, putting the Japanese-owned company in control of one of the leading plant-based meat brands in the category.

The NOSH team discuss cereal and the wave of successful Asian-American Pacific Island CPG food products. Later, a panel of experts talk about some of the big conversations happening throughout the cell-cultivated protein industry.

Kellogg Co. chairman and CEO Steven Cahillane told investors and analysts during an earnings call today that the company had reassessed its outlook on its Morningstar Farms brand.

Online food marketplace Flashfood has brought on former GIANT Company president Nicholas Bertram as president and COO.

When Rishi Tea & Botanicals founder Josh Kaiser launched his business as a 24-year-old fresh out of college in 1997, he was used to being the youngest one in the room.

The FDA has requested further answers from The J.M. Smucker Company about the company’s food safety response in the wake of a Salmonella outbreak that led to a Jif brand peanut butter recall in May 2022.

Egg & dairy company Vital Farms today announced the hiring of Thilo Wrede as CFO. Wrede will succeed the company’s current CFO, Bo Meissener, in March who has held the position since December 2020.

In this People Moves: Awakened Foods CEO steps down, Organic Valley names new CEO, Jenny Craig gets a new Executive Chef, Country Archer fills VP of marketing role, and more.

The Hain Celestial Group bested analysts’ expectations in its Q2 earnings report today, as the company saw net sales decline just -4.8% while growing its snack business and expanding distribution.

Global food and ingredient manufacturer Kerry Inc. has agreed to pay a $19.2 million fine after pleading guilty to a charge of manufacturing breakfast cereal under unsanitary conditions at an Illinois facility linked to a 2018 salmonella outbreak, the U.S. Department of Justice announced Friday.

In this week’s news roundup, actress Anne Hathaway has invested in food tech company The EVERY Co., Brazilian frozen foods brand Brazi Bites has named La Porteña Foods as the winner of its first Latino Entrepreneur Accelerator Program, and The Hershey Company reports Q4 and FY 2022 earnings.

Hungry for growth, kids beverage maker good2grow has announced its expansion into food with the launch of Snackers baked oat and wheat crackers.

In this week’s new products roundup, Biena expands its snack lineup, Scott’s Protein Balls celebrates American Heart Month and Haagen Dazs unveils an innovation in the novelty set.