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

Broad-based volume gains helped beverage and fruit snacks producer SunOpta deliver “outstanding” second quarter results, according to CEO Brian Kocher.

Plant-based poultry producer Daring Foods has been acquired by Australian alt-protein company v2food, with backing by Ajinomoto Co, Inc. Financial terms of the transaction were not disclosed. Jeff Gendelman, CEO of Daring Foods, told Nosh the partnership will leverage the scale and frozen food expertise of Ajinomoto and the proprietary protein technology of v2food, bringing the brand into new protein formats and meal occasions across retail and foodservice channels.

Frozen food brand Jesse & Ben’s House Cut has secured a “seven-figure” seed round investment to support its expanded retail footprint in the natural channel.

Japanese barbecue sauce slinger Bachan’s may be the latest condiment brand to explore an exit, according to Axios Pro.

The latest episode of Elevator Talk features leaders from Sohha Savory, Coro Foods, La Pêche, SaladSprinkles, and Cedar F&B. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. Our special co-host is Beth Brown, founder and principal advisor at growth-stage consultancy S3 Connect, who shared her thoughts, questions and feedback with the participants.

The CPG Week podcast covers lawsuits against Chobani and Uncle Nearest Whiskey as well as Beyond’s name-change.

Amylu Foods has secured an investment from TowerBrook Capital Partners and Prelude Growth Partners that will support continued retail expansion.

While reporting a bleak second quarter on Wednesday, Beyond Meat announced plans to shrink its North America workforce by 6%.

Laird Superfood has made progress toward its goal of achieving “sustainable profitability,” continuing a growth trend in its Q2 earnings as it prioritizes its wholesale segment.

Recent distribution moves include Nightingale Ice Cream Sandwiches expansion into more Whole Foods regions, Yo Mama’s in-store debut at Costco, Doughlicious’ new partnership with Wegmans, and more.

After nearly 22 years at Whole Foods Market, Holly Long is entering a new chapter as Director of Community Engagement at SFA.

While investment in food manufacturing appears to be growing, conflicting data and industry analysis reflect a more complex story.

The clock is ticking on a potential acquisition by Danone of kefir category leader Lifeway, as the French dairy giant is pressuring company leadership to again discuss a deal that has already been attempted twice in the past year.

Prelude Growth Partners closed its third fund with $600 million in total commitments, bringing its total assets under management to $1.3 billion.