TreeHouse to sell snack bars business, plant to John B. Sanfilippo for $63M
The divestiture will allow the private-label giant to focus on high-growth and high-margin categories while enabling John B. Sanfilippo to diversify its offerings. Lire la suite >>
JM Smucker to buy Twinkies manufacturer Hostess Brands for $5.6B
The purchase will deepen the jam and peanut butter maker’s presence in growing categories and consumer occasions focused on convenience. Lire la suite >>
Campbell Soup to buy Rao’s maker Sovos Brands for $2.7B
The purchase, the largest in five years for the CPG giant, also will allow the soup and snacks maker to expand its portfolio with brands such as Michael Angelo’s frozen… Lire la suite >>
Nestlé taps startup to advance regenerative agriculture in beef production
The CPG will work with Grassroots Carbon to pay ranchers for practices that restore soil health and reduce emissions. Lire la suite >>
VC funding for food and beverage plunging amid challenging environment, data shows
From the last quarter of 2020 until the second quarter of 2022, food and beverage startups were in a highly favorable environment to raise cash. Lire la suite >>
Amazon Go closing 8 locations
Amazon is permanently closing eight Go convenience stores — two in Seattle, two New York City and four in San Francisco — on April 1, a spokesperson from the company… Lire la suite >>
Nearly three in four consumers plan to keep buying private label when the economy settles, survey says
As inflation and higher prices have impacted consumers, 73% of people have acquired a taste for private label brands and plan to keep buying them even as the economy improves,… Lire la suite >>
Tracking sustainable food and beverage packaging innovation
As sustainability has come into greater focus in the food and beverage industry, CPGs are tackling the significant carbon footprint accrued from product packaging. The amount of plastic waste ballooned… Lire la suite >>
From science to CPG series
During the last decade, several companies formed by scientists and entrepreneurs who believed in harnessing the power of science to create food for the future. Lire la suite >>
Nestlé aims for bigger bite of $600M thaw and eat category
The nascent segment, which is growing at a 25% CAGR, allows food makers to get their brands into the hands of on-the-go consumers who don’t have immediate access to an… Lire la suite >>
Kraft Heinz launches plant-based cheese slices through NotCo joint venture
Kraft Heinz and NotCo are launching NotCheese, a plant-based version of the iconic Kraft American cheese, CEO Miguel Patricio said in prepared remarks with Kraft Heinz’s quarterly earnings report Wednesday. Lire la suite >>
Ben & Jerry’s partners with Tony’s Chocolonely to end modern slavery in chocolate
Ben & Jerry’s is working with socially conscious confection maker Tony’s Chocolonely to end modern slavery and child labor in the chocolate industry, the companies said in a statement. Lire la suite >>