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

Nestlé has reached an agreement to fully acquire Seattle’s Best Coffee, a dry coffee brand owned by Starbucks, four years after the Swiss conglomerate obtained global marketing and distribution rights to the brand. Terms of the transaction were not disclosed. The acquisition is expected to close by the end of the year following regulatory approval… Read more »

Pittsburgh-based snack food copacker TruFood has been acquired by asset management firm Mubadala Capital, the company announced in a press release. Financial details of the transaction were not disclosed.

Five years since Don Lee Farms first sued Beyond Meat, four months since it alleged “something is really wrong” at the alt-meat brand, and three days into the trial proceedings, the plant-based meat brand and its former co-manufacturer have reached a settlement.

In the latest episode of Elevator Talk, we feature leaders from Gallivant Mawa Ice Cream, Mercado Famous, Maya’s Mills and Yalla Oats. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week’s special co-host is Brendan Murphy, the Vice President, Team Lead for Select Brands, who shared his thoughts, questions and feedback with the participants.

Tinned seafood may be having a moment, but Scout Canning believes it can give the category more than its fifteen minutes of fame. The Canadian company announced today the closing of $4 million in funding to fuel distribution growth and launch of new products designed for a broader audience.

Alt-meat brand Beyond Meat has officially launched its long awaited plant-based steak. Released as steak tips, the new SKU can already be found on Walmart and Jewel Osco’s ecommerce sites and in stores.

The 2022 U.S. Access to Nutrition Initiative reported that healthy products make up less than half of food sales by the 11 largest U.S. food manufacturers.

Plant-based superfood brand Your Super announced on Monday it has been acquired by The Healing Company, a new wellness-oriented platform. The announcement marks its first brand acquisition since launching earlier this year.

In this distribution roundup: Current Foods brings sea-free salmon to retail; Revive Superfoods launches corporate delivery program; Bloom breaks out of DTC with Target; African Dream Foods expands Sprouts partnership and more.

Laird Superfood is shutting down its Sisters, Oregon production and fulfillment facility and laying off all workers at the end of this year, the company announced this week.

Kroger will purchase fellow grocery retailer Albertsons in a $24.6 billion deal that has left members of the industry wondering about the long term ramifications for brands and shoppers.

Grocery inflation continued to rise in September, hitting 13.3% versus a year ago; yet, a smaller 1% inflation increase from September to August shows promise for food and beverage prices to moderate in the future.

This week’s roundup of new products saw brands venturing into new categories, creating better-for-you sweet treats and getting a head start on winter seasonals.

After closing the book on his last food and beverage venture Smári Organics, Smári Ásmundsson’s new brand has the Icelandic-born, California-based entrepreneur thinking Bygg. Ásmundsson announced on LinkedIn this month his latest venture, Bygg Foods, which will create foods and beverages made using upcycled barley grain, beginning with a plant-based milk set to launch in… Read more »