Investment

Powered by Real Food From the Ground Up continues to expand its salty snack business with the acquisition of tortilla chip brand Food Should Taste Good from General Mills.

In this week’s roundup: Albertsons launches emerging brand competition; Post Holdings sues LA-based rock band OK Go; Whole Foods aims to increase store expansions three-fold; Campbell’s consolidates snack offices and SPAM gets stylish.

Kerry Group announced last week its intention to sell its sweet ingredients portfolio in order to further focus on functional ingredients and innovation in biotechnology for food.

Walmart announced a partnership with Salesforce to help the retailer drive profitability in its delivery and curbside pickup apps. New Age Eats puts pilot production facility up for sale and Beyond Meat sheds another executive.

Less than two years after the baking mix brand was sold to Sovos Brands, Birch Benders announced today it has been acquired by baking platform Hometown Food Company.

JPG Resources has acquired RodeoCPG’s Brooklyn-based R&D team allowing JPG to better serve brands in the Big Apple, while Rodeo pivots toward becoming a targeted, tech-forward sales management platform.

Grillo’s is taking Wahlburgers to court over pickles, a data company unveils its cattle carbon credits at the CES Convention, Jenny Craig launches a ready-made, meal delivery platform and precision fermentation company Liberation Labs closes seed funding round.

Private equity firm Butterfly is expanding its “seed to fork” strategy with its acquisition of vertically integrated dairy ingredient maker Milk Specialities Global.

New York City-based edible and bakeable cookie dough brand DŌ announced yesterday that it has been acquired by Neil Hershman, the owner and CEO of self-serve frozen yogurt franchise 16 Handles.

Belgium-based Lotus Bakeries announced it has taken a minority stake in functional food brand IQBAR leading the bar maker’s Series B funding round through its venture arm, Fast Forward 2032.