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

Gaming-themed sour snacks producer Final Boss Sour announced yesterday it has raised $3 million in a seed round led by CPG investment and brand development firm Science Inc., the initial investor behind canned water powerhouse Liquid Death.

Marco Sweets & Spices is ceasing operations after four years on the market, citing financial difficulties following a widespread product recall earlier this summer by the company’s sole manufacturer.

The Kraft Heinz Company reported lower-than-expected net sales and income as volume struggles and consumer demand for key brands continued to decline in its third quarter.

Mondelēz International posted strong Q3 results yesterday as sales and volume growth remained steady amid a host of challenges including volatile cocoa prices and changes to consumer demand in the wake of continued high grocery costs.

Snack brands Pipcorn and Spudsy have joined together under a newly formed entity, UpSnack Brands, to leverage their combined scale and accelerate a pathway to profitable growth.

Private equity firm Encore Consumer Capital has finalized its acquisition of New York pizza dough producer DeIorio Foods this week. Terms of the deal were not disclosed. Based in Utica, N.Y., DeIorio’s is a legacy dough supplier, celebrating the 100th anniversary of its founding this year.

It’s time to reveal the finalists for the Nosh Live Pitch Slam, our business pitch competition for the packaged food industry. Finalists will compete during Nosh Live Winter 2024, taking place on December 5 + 6 in Marina del Rey, CA.

Daily Crunch Sweet & Spicy Sichuan Sprouted Cashews & Edamame is debuting at Whole Foods Market. The snack mix features sprouted cashews and crispy edamame seasoned with Fly By Jing Mala Spice Mix, which has Sichuan chili pepper, coconut sugar, salt, garlic, mushroom powder and spices.

Don’t miss your chance to submit nominations for the Nosh Best of 2024 Awards. The deadline is this Friday, November 1st.

Chubby Snacks has been hit with a class action lawsuit alleging the company mislabeled the amount of sugar in its frozen sandwiches.

Plant-based food company Chunk Foods has moved into retail with its whole muscle, meat alternatives. The launch is beginning with independent specialty retailers in Los Angeles and New York with plans to expand into bigger chains in 2025.

7 Mile Brands, the CPG brand incubator created by multi-exit entrepreneurs Jason Cohen and Sammy Kestenbaum, announced today a $3 million investment in refrigerated donut maker Drumroll Snacks to fuel the brand’s expansion.

Cottage cheese’s curious climb to coolness can be arguably traced back to one person. Nearly a decade ago, Jesse Merrill spotted an opportunity to reinvent the sad salad bar staple into a premium, protein-rich superfood with the launch of his brand Good Culture.

In this week’s notable new products roundup, A-Sha expands its product collaboration with First We Feast’s Hot Ones, MiLa joins forces with pastry chef Dominique Ansel to create its first dessert soup dumpling, and Nestle Toll House celebrates football season with a mashup of two fan-favorite foods.