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
Mondelez’s SnackFutures Invests In U.K. Donut Company
Mondelez International’s SnackFutures Ventures announced this week it has taken a minority stake in air-fried, low-sugar donut brand Urban Legend. Financial terms of the investment were not disclosed.
PB&J Wars: Why Is Smucker Suing Chubby Snacks?
Earlier last week, The J.M. Smucker Company filed a lawsuit against crustless sandwich producer Chubby Snacks, accusing the startup of false advertising, trademark violations and disparagement in “years of advertising designed to tarnish the name and reputation” of Smucker’s competing Uncrustables brand.
How Big CPG Attracts A Cost-Constrained Consumer
Execs from big CPG food and beverage companies share their approach to the current state of consumer spending, or the lack thereof.
Insider Daily Briefing: Why Eat The Change Is Tossing Chews
Also in this edition: Treehouse Foods posts Q2 loss, inside the rumors around Kellanova’s acquisition by Mars, details on Agrovision’s $100 million raise and a roundup of new pumpkin products.
Above Food Outlines Path Ahead In First Public Co. Update
Regenerative ingredient platform company Above Food marked its first month trading on the Nasdaq with an update and overview last week highlighting that the overall business has grown at a CAGR of 34% since fiscal 2021.
Meati Raises $100M, Locks In Kroger Deal As ‘Path to Profitability’ Accelerates
Meati announced a trio of big moves today, headlined by the closing of a $100 million investment led by Grosvenor Food & AgTech.
Mondelēz Grows Q1 Revenue, Profits Despite Challenging Operating Environment
Mondelēz posted “solid top-line” results in Q1 2024 with net revenue up 1.4% and organic net growing 4.2%; however the multinational chocolate, candy and snack producer saw volume/mix decline 2.1%.
Post-Foxtrot, Early Stage Brands Feel They’ve Lost A Bridge to Growth
When Outfox Hospitality abruptly shuttered its doors earlier this week, it left a lot of CPG brands caught in the fray, including many emerging brands and new product concepts. Many of them feel as if the industry has lost a major stepping stone account.
Barilla-Owned Pasta Company Tolerant Foods Closes Up Shop
Tolerant Foods, the maker of organic legume-based pasta products, announced Thursday in an Instagram post that it has closed its doors and will begin winding down the brand.
Meati: New CEO to Prioritize ‘Right Sizing’ Workforce Amidst New Round of Layoffs
Just two weeks into his tenure as CFO at Meati, Phil Graves is getting a promotion. The mycelium root-based protein company this week elevated Graves, a former Patagonia exec, to CEO, following the departure of president/COO Scott Tassani earlier this month.