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
Seal the Seasons Lays Off Employees In Pursuit Of Profitability
Seal The Seasons is one of the most recent brands to make staff cuts. As it implements additional cost cutting measures, the company expects these actions to bring the business to profitability this quarter.
Upward Farms Closes “Infinitely Complex” Vertical Farming Operation
Vertical farming company Upward Farms announced last Thursday that it would be ceasing operations at its Brooklyn headquarters and will not be opening its large-scale production facility in Pennsylvania.
Report: Good Eggs Secures Critical Capital At Significant Markdown
Good Eggs has raised a new round of capital to help the reportedly struggling online grocer, meal kit and ready-to-eat meal provider continue operating.
New Age Eats Shuts Down, Cites Financial and Regulatory Challenges
Alternative protein player New Age Eats, formerly New Age Meats, won’t be ushering in a new age of proteins under either moniker. On Friday New Age’s founder and CEO announced that the food tech startup is shutting down.
Green Zebra Grocery: Portland’s Experimental Healthy Convenience Store Chain Shuttering
Better-for-you, Portland-based convenience store concept Green Zebra Grocery is shutting down all three locations at the end of the month citing the pandemic and inflation making the cost of business too steep to continue.
Patagonia Provisions Acquires Moonshot Snacks
Climate neutral cracker brand Moonshot Snacks has been acquired by Patagonia Provisions, the food and beverage division of outdoor-centric brand Patagonia. The news marks Patagonia’s first acquisition in over twenty years.
Plant Protein Maker Merit Functional Foods Announces Receivership
Canadian pea and canola plant protein maker Merit Functional Foods has been placed in receivership with creditors filing court order Wednesday.
Eat Just: Layoffs Hit 18% Of Staff As It Aims For Vegan Egg Product Profitability
Plant-based food company Eat Just recently laid off about 40 of its over 300 employees, totaling 18% of its JUST Egg division. The California-based company’s cultured protein business, GOOD Meat, was not impacted.
Miyoko Leaves Miyoko’s Creamery
Vegan dairy brand Miyoko’s Creamery has seen its namesake, founder and CEO Miyoko Schinner, formally depart the company, according to an announcement from the brand today.
News Roundup: Kainos Capital Raises $1B Fund; Nestle Aims To Grow Plant-based Menus On College Campuses
In this week’s roundup: PE firm Kainos Capital closes $1B fund; Nestle, Wholesome Crave and UMass Dining launch plant-based meal program; ADM faces labor union charges and Motif Foodworks expands by offering out bioprocessing capabilities.