Top Feature
4505 Makes Moves in Meat Snacks
Meat snack brand 4505 Meats has made the jump from salty snacks to meat sticks with the launch of Butcher’s Snacks. The company believes the new line can add incremental sales and increase its D2C business.
Miyoko’s Creamery Raises $52 Million
Plant-based cheese and butter maker Miyoko’s Creamery today announced the closing of a $52 million funding round which the company plans to use to grow distribution and launch new dairy-free cheese innovations.
Alongside New Capital, Sunrise Adjusts Strategy, Brings on Burns
CPG-focused investment group Sunrise Strategic announced late last week that it would bring aboard more food and beverage veterans, notably ex-ONE Brands CEO Peter Burns, to help the firm diversify its capabilities. The news comes as the firm also announced it has raised more capital from its financial partner, Trilantic North America.
Gallery: July’s New Product Releases
July saw a range of notable collaborations and partnerships from brands such as Kraft and Van Leeuwen, and AYO Foods and Top Chef competitor Eric Adjepong. Food companies also introduced a variety of new functional offerings ranging from latte blends to adaptogenic trail mixes from Toodaloo. Check out the gallery for the latest new releases, brand debuts, and limited-edition items including a retro rebrand from Cheerios.
Grupo Bimbo Acquires Emmy’s Organics
With humble beginnings as a maker of “hippie health food,” gluten-free and vegan cookie brand Emmy’s Organics is now a step closer to its goal of becoming a “legacy brand.” The brand has been acquired by Grupo Bimbo, the Mexico-based baked goods giant announced last week, and will join its Bimbo Bakeries USA (BBU) portfolio alongside brands such as Entenmann’s, Thomas, Sara Lee and Arnold.
Fly By Jing Raises $5M to Move into Retail
D2C condiment brand Fly By Jing announced late last week that it had raised $5 million from investment firm Prelude Growth Partners. Over the next few months the company will debut in Sprouts stores nationwide along with launches in some regions of Target, Whole Foods Market and Costco.
The Checkout: Actual Veggies Raises $2.3M; Gopuff Secures $1B
In this week’s Checkout, veggie burger producer Actual Veggies raises $2.3 million; digital delivery platform Gopuff secures $1 billion; HelloFresh Market debuts in the U.S.; and Manitoba Harvest announces a new research partnership.
The New Primal Raises $15M As It Moves Beyond Meat Snacks
If The New Primal was started to help consumers eat like cavemen, then the company has certainly evolved. To help fund this growth, the condiment, sauce and snack company announced today it has raised $15 million from investor Manna Tree.
CPG Companies Discuss Retail Rebounds, Inflation Costs on Earnings Calls
In a recap of this week’s quarterly and half-year earnings calls, Hershey’s salty snacks and bars see sales bumps, while baking declines; Nestlé talks inflation-induced price hikes and Health Science strategy; and Mondelēz reports growth across snacking and confection.
Market Share: Leadership Lessons from Jolie Weber
As a leader, there are always hard decisions to be made — sometimes unpopular or even risky calls. So how do you learn to lean into the fear and uncertainty that can surround these choices in a way that can help your company or your own career? How do you empower and engage your team to move companies forward?
Jolie Weber, the CEO of snack brand Lenny & Larry’s, will delve into these questions, and more, during this episode of Market Share, with host Carol Ortenberg, the editor of NOSH.
