Investment

A bipartisan bill in Congress will offer SNAP recipients access to frozen produce, Motif FoodWorks is launching a foodservice portfolio of its plant-based meat products and NFL quarterback Aaron Rodgers’ private equity firm RX3 Growth Partners announces a $150M fund II.

Bakery brand Hero Bread announced today it has closed $15 million in funding to help the brand meet consumer demand and fuel future product innovation. The capital raise comes as the San Francisco-based brand shifts its focus to physical retail.

Vertically-integrated ingredient supplier, agriculture company and CPG producer Above Foods will go public via a reverse merger with blank check company Bite Acquisition Corp. The deal values Above at roughly $319 million

The Kellogg Company reiterated preliminary details about the company’s future structure during its annual shareowner meeting today, held nearly a year after it first announced plans to divide up the business.

In this week’s roundup: Hershey invests in social, environmental supply chain programs in the Ivory Coast; Burcon makes a bid for Merit Functional Foods; Citibank issues new ESG warnings for beef, soy producers; and layoffs reach Tyson and Utz.

Amy’s Kitchen is promoting longtime company executive Paul Schiefer to President, one of several personnel changes announced by the organic and natural food maker today.

Happy Moose Juice has acquired Growers’ Refrigeration in a deal that both solved its own refrigerated storage issues and those of cold-chain CPG brands in the region where capacity has historically been hard to find.

Opposition surrounding the proposed merger between Kroger and Albertsons continues to mount, as the leading grocery giants are fighting legal action from their own customers.

Italian food importer, distributor and producer Colavita has acquired California-based O Olive Oil & Vinegar for $6.23 million, giving Colavita another foothold in the domestic olive oil and wine vinegar category.

Blue Apron expands its Heat & Eat meals partnership with DoorDash into 11 new locations, Foxtrot Market names its new CEO and Indian foods chef Maya Kaimal has released her third cookbook.