Investment

Tosi Snacks has installed its board chair Kevin Rutherford as CEO and raised a new tranche of funding to fuel new marketing campaigns in the coming year.

The CPG Week podcast jumps into the latest M&A news with the failure of the Kroger-Albertsons merger, a denied proposal by Mondelēz to acquire Hershey and Lamb Weston acquisition rumors.

Cameron Smith jumped back into the CPG game this month, supported by a handful of his Kodiak colleagues, with the launch of protein pretzel brand Kindling Snacks.

The chocolate sector is closing out a year plagued by adverse weather conditions and supply chain woes in West Africa on an increasingly bitter note.

The Kroger Company and Albertsons Companies this week terminated the proposed $24.6 billion merger agreement that was initially announced more than two years ago, after a federal judge sided with the Federal Trade Commission suing to block the deal and Washington and Oregon state courts put permanent injunctions in place to halt the transaction.

History has repeated itself as Hershey’s controlling owner yesterday rejected a preliminary takeover offer from candy and snacking rival Mondelēz International, according to a Bloomberg News report citing people familiar with the matter.The Hershey Trust – which holds approximately 80% of the voting power at the company – labeled the offer as too low.

The proposed $24.6 billion Kroger-Albertsons megamerger was temporarily blocked today by a federal judge, who ruled in favor of the Federal Trade Commission (FTC) suing to block the deal.

Mondelēz International is exploring a possible acquisition of candy and snack rival Hershey, according to a Bloomberg News report citing private sources familiar with the matter. The combination would bring together such brands as Oreo, Ritz, Reese’s and SkinnyPop and generate annual sales of almost $50 billion.

The EVERY Company has combatted a tough investment terrain to become the latest food tech outfit to lock in funds, totaling $2 million, from the U.S. Department of Defense, according to an announcement this week.

Lillie’s Q Sauces & Rubs has been sold to manufacturing company OWS Foods as it looks to accelerate growth within new channels including conventional grocery, foodservice and club stores.