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Red River Foods Invests $15.5M in Virginia Expansion
Red River Foods is poised to invest $15.5 million into its Henrico County, Va., headquarters, according to Governor Glenn Youngkin’s office. The project is expected to centralize much of Red River’s processing capabilities in Virginia.
With Cocoa Prices In Chaos, Mid-Day Squares Buys in Bitcoin
Canadian chocolate bar brand Mid-Day Squares announced on social media it has begun buying cocoa from international suppliers using Bitcoin, with co-founder Nick Saltarelli stating that traders in many countries now “trust this method of payment more than fiat” currencies issued by governments.
Once Again Aims To ‘Remain Competitive’ With Big Tree Acquisition
Once Again has added manufacturing muscle and additional ingredients to its portfolio with its latest acquisition as the company seeks to remain competitive both as a B2B supplier and standalone CPG brand.
Additional Content
Accelerating Ag: Inside Snacktivist’s Pivot From CPG to Supplier
Snacktivist Foods, a regenerative agriculture-focused baking mix brand, is putting its CPG line on the back burner while it works to spearhead a new ingredient supply and brokerage service.
Manufacturing Matchmaker: Keychain Uses AI To Bring “Transparency” To CPG Production
Keychain’s AI-driven B2B digital tool aims to bring transparency and simplicity to the CPG landscape by streamlining matchmaking between brands and retailers searching for compatible manufacturing partners.
Start to Finish: Why Ingredient Companies Launch CPG Brands
An innovative, novel ingredient — such as a fermented protein found inside volcanic rock — can be difficult to explain. As a result, ingredient suppliers often find themselves creating or evolving into CPG brands to showcase their unique ingredients before outside brands are willing to commit. It’s a move that can help drive ingredient sales, but also requires new capital, skills, labor and time to execute.
Anvyl Gives Companies a Window Into Supply Chains
As CPG e-commerce grows, and new brands need to quickly scale, siloed, manual supply chains create a huge issue — one that software hub Anvyl is looking to simplify for brands and suppliers.
IFF Acquires Frutarom for $7.1 B
The New York-based flavor and fragrance giant announced on Monday its plans to acquire Israeli flavors and natural ingredients firm Frutarom for $7.1 billion — its biggest purchase to date. The deal would boost IFF to a second-place spot in the global natural flavors market, seeing as 75 percent of Frutarom’s sales are in natural.
‘Mill’ Over This: Why Ardent Mills Invested in Ancient Grains
The Denver-based flour supplier announced earlier this month the launch of its new business unit, The Annex, which is a 15-person team dedicated to providing food companies and foodservice operators with “next” grains and plant-based ingredients. The goal for the “company within a company” is to establish itself as a thought leader and problem-solver in the grain market.
Ingredient Suppliers Show Love for Small Businesses
Some of CPG’s most prominent ingredient and flavor suppliers have created purchasing and consulting options for startup companies. Why? It’s not for a lack of business with large brands.
Innophos Builds Nutrition Platform
The acquisition will bring Innophos deeper into the branded, functional ingredient space, and help the company launch a new health and nutrition platform of ingredients for brands.
Global Organics Announces Fair Trade Certified Organic Cane Sugar
The Fair Trade Certified label means that products are made with respect for people and the planet – empowering agricultural communities who produce and process products to develop thriving businesses and a healthy environment. This has been the mission of Global Organics since 1992.
PureCircle Produces New StarLeaf Stevia Extract
The extract from this non-GMO proprietary leaf variety provides beverage and food developers a plant-based, zero-calorie sweetener to produce finished products with more upfront sweetness, no bitter linger and a sugar-like taste.