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

The Simply Good Foods Company, a producer of nutritional foods and snacking products, announced yesterday it will acquire protein-centered brand Quest Nutrition for $1 billion in cash.

Former Shark Tank winner Pipsnacks is growing its family of heirloom corn snacks, launching new cheese balls and corn chip dippers into retail this month. The Brooklyn-born company is also rebranding its image, pivoting away from its artisanal roots as it seeks to expand.

CBD-infused drink mix maker OLEO, Inc. announced today it has raised $1.5 million in a convertible note round, which will help the Seattle-based brand scale distribution for its line of products.

Smashmallow is ready to move beyond its marshmallow roots. The snack brand announced today the close of a minority round of funding by CPG venture firm, Alliance Consumer Growth (ACG), in part, to support the launch of a line of low-sugar gummies. It’s a move that Sebastiani said will allow the brand to begin to build a larger platform.

Teddie Natural Peanut Butter president/CEO Mark Hintlian explained why the company’s obsessive commitment to quality and dedication to its employees have been bedrocks of its success. He also spoke about how Teddie communicates the nutritional benefits of its products.

Guacamole and hummus producer Hope Foods believes American consumers are ready for a new kind of dip. The Colorado-based brand announced today the launch of a line of Cashew and Almond Dips, designed to offer shoppers creative, plant-based snacking options with clean ingredient lists.

Earlier this week, Inc. released the 2019 edition of the Inc. 5000 list — a ranking of the fastest-growing privately held companies in the U.S. This year’s list featured dozens of natural food and beverage companies, showing the industry’s increasing impact on the American economy.

Misfit Foods co-founder Ann Yang opened up about how the stress of entrepreneurship led to unhappiness and depression, and, ultimately, her decision to leave the company. She also explained how therapy has become a critical part of her life, her belief that we live in a culture that “mythologizes who the entrepreneur is,” and the resulting pressure to build “a personal brand.”

In this video from NOSH Live Summer 2019 in New York City, Daniel Grubbs, managing director of PepsiCo Ventures Group, goes behind the scenes on how the snack and beverage giant lends a helping hand to new brands.

Vegan pork rind brand Snacklins has named Kevin Blesy CEO. Blesy was previously head of strategy at Washington, D.C.-based pizza chain &pizza. On his transition to CPG, Blesy told NOSH that regardless of format, “food is the ultimate unifier.”

Having made breakfast, lunch and dinner a little easier, direct-to-consumer frozen food maker Daily Harvest is turning its attention to snack time. The company announced today the launch of the Bites collection, its first ready-to-eat product.

Snack brand Biena announced today the close of an $8 million round of funding. “It just made a lot of sense for us to go out and raise money to take advantage of the growth opportunities in front of us with the brand platform,” Founder Poorvi Patodia told NOSH about the round. The brand will use the capital for sales, marketing and innovation — possibly expanding beyond its current focus on chickpeas.

Shibani Baluja is the founder and CEO of lil’ gourmets, a company focused on elevating the food that kids are eating. The company aims to introduce kids to fresh, flavorful vegetables at an early age to jumpstart healthy eating habits.

Continuing on its goal to create better-for-you, kid-friendly American staples, frozen brand Farmwise is looking toward the start of a meal, launching a new line of appetizers into retail this month.