Corporate
Featured Corporate Content
A Year In Food Industry Upheaval: Trump, Tariffs and Titanium Dioxide
This year will go down in the history books as one marked by an unprecedented federal focus on the food industry, sparking strategic overhauls of, and a bit of panic within, Big Food operations; a flurry of state-level action against a plethora of synthetic ingredients; and the adoption of some new acronyms – UPFs and MAHA, just to name a few.
Stockeld Dreamery Sells Assets To Bettani Farms
Stockeld Dreamery has offloaded a portion of its assets to plant-based food tech entity Bettani Farms, formerly known as Climax Foods.
Horizon Acquires Maple Hill Creamery
Horizon Family Brands has acquired organic, grass-fed dairy company Maple Hill Creamery, strengthening the company’s retail presence, which already includes a selection products under the Horizon Organics and Wallaby Organics brands.
Additional Content
Delayed Ops: Beyond Meat Sees Chief Supply Chain Officer Depart
Just two days after Beyond Meat suspended its COO Doug Ramsey, the alt-meat company is losing another operations executive. The company said that chief supply chain officer Bernie Adcock announced on September 20 that he would be stepping down, effective September 30.
Chobani Pulls IPO Plans
Chobani scuttled its public offering plans on Friday, citing “current market conditions.” The news comes over a year after it filed with the SEC and six months after announcing it would delay its public offering.
Very Good Food Company Appoints New CEO
The Very Good Food Company (VGFC) has announced Parimal Rana, previously VP of operations, as its new CEO effective immediately, a move that brings stability to the c-suite after a series of executive changes that saw the plant-based food company’s founders, president/CFO and interim CEO all depart in rapid succession.
Instacart Files Confidentially to Go Public
Delivery service Instacart announced late yesterday that it has confidentially filed a draft registration statement with the Securities and Exchange Commission (SEC) to go public. The announcement comes after the company slashed its valuation and other companies are postponing their own IPOs.
Lancaster to Divest from Bantam Bagels Citing ‘No Foreseeable Path to Profitability’
Less than four years after acquiring the brand, Lancaster Colony Corporation plans to divest from the frozen food maker Bantam Bagels later this summer.