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

The nonprofit trade organization has submitted a proposal to create an updated definition and a set of “harmonized” international guidelines for the use of probiotics in foods and dietary supplements.

Everyone’s heard “15 minutes could save you 15 percent or more in car insurance.” Well folks, we don’t know much about the business of insuring your 2009 Honda Accord, but we can tell you that taking 15 minutes to listen to this special edition of Taste Radio could be a game-changer for you and your company.

With a record amount of money flowing into the packaged food and beverage industry, and with a lot more to come in 2018, cooperation, rather than competition, is the rising tide. Here are some reasons why we anticipate that 2018 will be a landmark year of “Coopetition.”

From a major CPG giant looking to promote a more inclusive workforce to a drinkable refrigerated soup brand looking to broaden its platform, companies large and small grew their staff in recent months. Here is the latest in hiring news within the natural food world.

You don’t have to be a rocket scientist to break into the food and beverage business… but it doesn’t hurt. Just ask Vital Proteins founder Kurt Seidensticker; something’s BRUing in the trendy world of bone broth; is basil seed an ingredient to watch in 2018?

Yesterday, Canadian natural food company GreenSpace Brands announced it had acquired Galaxy Nutritional Foods, the producer of Go Veggie plant-based dairy products, from investment firm Mill Road Capital. The deal allows GreenSpace to bring their other Canadian brands to U.S. stores and enter the plant-based dairy category.

The food world was rocked Monday by two deals that carried a combined $6.5 billion in value, both designed to allow companies with declining core business areas rearrange their portfolios around growing premium snack lines.

Today, Impossible launched a new sales channel with DOT Foods, America’s largest food redistributor, to gets its burgers in more restaurants nationally. On Monday, Beyond Meat announced its first venture beyond burgers with Beyond Sausage.

Friday’s announcement that the U.S. Department of Agriculture would decouple animal welfare standards from federal regulations around organic certification has caused outcry and debate among natural and organic food industry leaders. Now, the Organic Trade Association and its allies believe the rule’s withdrawal will impact food sourcing, pricing and certification, both for packaged and fresh food alike.

Today, two young companies operating in evolving routes to market, Daily Harvest and AxleHire, both found fuel to burn via multi-million dollar investment rounds. The raises are indicative of rising interest in direct-to-consumer sales and subscription models, both for millennial consumers and investors alike.

Today Campbell Soup Company announced the acquisition of snack food company Snyder’s-Lance for $50 per share in an all-cash transaction. For Campbell, acquiring Snyder’s represents a significant shift of their business from soups and meals to snacking — a move that echoes the eating habits of consumers.

The global confectionery leader announced today that it has agreed to acquire Skinny Pop maker Amplify Snack Brands for more than $920 million. The deal, which is expected to close in Q1, will be Hershey’s largest acquisition to date.

In Part III, Stu Strumwasser, founder and managing director of Green Circle Capital, addresses that pink elephant in the virtual room: convertible notes.

Distributors called her a “relentless bitch,” but DRY Soda founder Sharelle Klaus paid little mind to their insecurities. She was too busy building a business; My/Mo CMO talks mochi momentum; Keto FTW: Bear Squeeze founders chat about Showdown triumph.