Top Feature
Get that Cheddar: Goodles Raises $13M to ‘Out Weird’ the Competition
Mac and Cheese and pasta brand Goodles announced yesterday a $13 million in new capital as it looks to take on its blue box and bunny competitors.
Hostess Sells To J.M. Smucker For $5.6B
J.M. Smucker will buy longtime Twinkie, Ho-Ho, Voortman Cookie and Ding-Dong maker Hostess for $5.6 billion, according to an announcement today.
NOSH Podcast: Can Natural Foods Compete In Conventional Cold Cases?
This week Red’s Natural Foods CEO and founder Michael Adair shares the lessons he has gathered while operating a clean label frozen brand for 14 years. Also, the team talks club store purchases before discussing how conventional channels are becoming more popular with natural food brands.
Meati Raises $50M “Economic Cushion” For Growth Trajectory
Mycelium-based food startup Meati is rumored to have raised a $50 million Series C extension round. Investors include Bond, Congruent Ventures and Revolution Growth, among others.
To Move Merger Forward, Kroger, Albertsons Unveil $1.9B Divestiture Plan
Kroger and Albertsons today announced they have entered into a $1.9 billion divestiture agreement with C&S Wholesale Grocers intended to appease antitrust regulators reviewing the companies’ proposed $24.6 million merger.
Following Teen’s Death, Paqui Pulls “One Chip Challenge” From Shelves
Following the death of a Massachusetts teen who took the Paqui “One Chip Challenge,” Amplify Brands, a subsidiary of parent company Hershey’s, said it will pull the product from stores.
From Liquid Death to Sour Stamina: Science Inc. Launches Final Boss Sour
CPG investment and brand development firm Science Inc. – the initial investor behind runaway beverage hit Liquid Death – is asking consumers to pucker up for its latest in-house product: a new brand of gaming-themed snacks called Final Boss Sour.
Kroger, Albertsons Could Sell Over 400 Stores to C&S for $2 Billion: Report
Seeking to gain U.S. regulatory approval for their proposed $24.6 merger, grocery giants Kroger and Albertsons are in talks to offload 400 stores to C&S Wholesale Grocers for nearly $2 billion, as reported by Reuters.
Momofuku Goods Raises $11.5M in Second Round This Year
Asian-inspired pantry staples maker Momofuku Goods has raised $11.5 million in a funding round led by Alliance Consumer Growth to further its national expansion strategy. This is the “restaurant-grade” brand’s second, eight-figure raise this year.
TreeHouse Sells Snack Bar Business To Strengthen Balance Sheet
TreeHouse Foods announced today that it will sell its Lakeville, Minn. manufacturing facility and snack bars business to global nut distributor John B. Sanfilippo & Son, Inc. for approximately $63 million as it shifts focus to becoming a private label leader. The deal is expected to close in the next 30 days.