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

Kraft Heinz didn’t dive into rumors on today’s earnings call that it may be the latest food conglomerate to divide up and sell off certain business segments, but it did make an effort to reassert its confidence in the company’s future.

The Hershey Company reported Q2 net sales growth, while net income and adjusted EPS both declined amid a “volatile” cocoa pricing market.

Benford Capital Partners-owned Turri’s Italian Foods has acquired Joseph’s Gourmet Pasta from LaSalle Capital in a deal announced on Tuesday.

Rising sales in Europe helped offset weak domestic demand for Mondelēz International’s chocolate and biscuit products during the second quarter.

Known for its craft beef jerky, Righteous Felon has spent the last few years reallocating resources toward its meat stick offerings, with sales rapidly growing as a result.

Famed New York City bakery brand Baked By Melissa is no stranger to unconventional collaborations. The cupcake maker’s mash-up with Frito-Lay brand SunChips is just the latest in a series of partnerships with popular savory brands.

Welch’s, the 156-year-old juice and jelly manufacturer, has named Cees Talma as its new CEO, replacing outgoing chief executive Trevor Bynum, effective immediately. Talma has held a number of CPG leadership roles in a three-decade career.

Today, Mars, Inc. emphasized its commitment to U.S.-made food with a $2 billion investment to grow operations by the end of 2026. But before the current administration takes credit for turning the tide on food investment overall, it makes sense to note that the U.S. food manufacturing sector was already growing

Starco Brands has executed a letter of intent to acquire its contract manufacturers, The Starco Group (TSG), aiming to create a vertically integrated CPG platform.

Longevity supplement maker NOVOS Labs has launched into the bar category with its first food product aimed at combating aging.

The J.M. Smucker Company has settled its lawsuit accusing now-defunct frozen sandwich startup Chubby Snacks of false advertising, trademark violations and disparagement in “years of advertising designed to tarnish the name and reputation” of Smucker’s competing Uncrustables brand.

Private equity firm Warburg Pincus today announced it has agreed to acquire FlavorSum, a supplier of natural flavors and extracts, from global investment firm The Riverside Company. Financial terms were not disclosed.

Many have made the jump from foodservice to freezer shelves, and now upstart stuffed pasta maker Ripi is homing a chef-quality position – but hurdling the checkered tablecloths and heading straight for stores.

Elavi launches its protein brownies at select Whole Foods stores, Afia expands into Costco, and My Better Batch hits Target.