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
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.
Kellogg’s Completes Corporate Split
As of this morning The Kellogg Company is no more. The global food giant completed its previously announced business split into two new separate entities: Kellanova and The W.K. Kellogg Company.
Blue Apron Sold For $130 M
Blue Apron announced this morning that Wonder Group, the privately held, vertically-integrated “Fast Fine” dining delivery services founded by Marc Lore, will acquire the company for $13 per share or approximately $130 million in equity value.
Wellfull Relaunches Jenny Craig As D2C Meal Platform
Wellful, an omnichannel health and wellness company, is rebooting weight management company Jenny Craig as a direct-to-consumer meal platform.
Aerofarms Emerges “Fully-Funded” From Chapter 11 Filing
After filing for Chapter 11 bankruptcy in June, Aerofarms announced today it has restructured the organization to be “fully-funded” following the court’s approval of its asset purchase agreement.
Quinn Foods Announces Long Awaited New CEO
Gluten-free snack brand Quinn Foods has ended over a year and a half searching elevating chief commercial officer Al Matulis to CEO who has been with the company since 2019.
Meati Trims Off Another 10% of Workforce
In a “incredibly difficult,” mycelium-based alt meat brand Meati has restructured its 300 person company, laying off 30 employees and moving another 30 into new roles as it seeks to prioritize profitability.
Cali’Flour Foods Goes Up For Sale
Cali’Flour Foods is heading to the auction block. According to a press release issued today, the cauliflower-based frozen food company will go to a public sale on September 8, conducted by GemCap Solutions, LLC, an asset-based lender that provides loans to low and middle market businesses.
Miyoko’s Creamery Appoints New CEO
Miyoko’s Creamery has a new name leading the charge. The plant-based dairy brand today announced Stuart Kronauge, former Beyond Meat and Coca Cola exec, will assume the top role, concluding the six-month search for a new CEO.
Meati Gets Lean, Cuts 5% Of Workforce
Meati is cutting its workforce by about 5%, affecting about 17 employees of the 300-person company less than six months after the mycelium-based protein company opened a new 100,000 sq. ft. production facility.