Food Dive’s Post

US FOOD & BEVERAGE WEEKLY ROUND-UP 🥐 🥖 Chicago-based Sweetmore Bakeries added to their 4-site production network with the acquisition of SWEET EDDIE'S INC, a popular manufacturer of cinnamon rolls. 🍨 Elsewhere in tasty treats, premium dessert brand Dessert Holdings completed their acquisition of Kenny's Great Pies, LLC.. 🥛 Saputo Inc. announced changes to their Executive team, with Carl Colizza becoming CEO, having been with the organisation since 1998 - congratulations Carl! 🍎 In an unconventional C-suite appointment, Welch's announced Gordon Ramsay as their CFO (Chief Fruit Officer), emphasising their commitment to producing real fruit snacks. 🌭 Kraft Heinz are considering the sale of their Oscar Mayer portfolio, in a deal that could fetch anywhere between $3B-$5B, amidst falling demand as customers switch to healthier options. 🐖 One of the largest Pork producers in the US, Clemens Food Group, acquired Kunzler & Co Inc, adding 3 production sites in Pennsylvania to their portfolio. 🌶 Manufacturer of the iconic Sriracha Sauce, Huy Fong Foods, Inc., have halted production due to their supply of chilis being 'too green', risking altering the colour of their popular condiment. #foodandbeverage #usfoodandbeverage #foodandbeveragenews #foodandbeveragejobs #manufacturing #usmanufacturing #manufacturingjobs

Campbell's Soup reported better-than-expected quarterly results and raised its annual sales growth forecast, attributing the improvement to increased demand for soups and frozen meals and the acquisition of Sovos Brands, known for Rao's Specialty Foods, Inc. sauce. After a period of decline, Campbell's sales volumes improved sequentially this year, aided by softer price increases and recovering consumer spending. CEO Mark Clouse highlighted gains in the cooking side of the portfolio. With the acquisition of Sovos, Campbell anticipates a 3-4% annual sales growth. Analysts view the acquisition positively for Campbell's growth prospects. Despite a rise in quarterly profit and sales, Campbell adjusted its annual organic sales and profit forecasts downward due to ongoing challenges in its snacks business. Read the full article here: https://lnkd.in/exuaeKVG Branded Hospitality Ventures #innovation #hospitality #technology #marketing #venturecapital Gerald Drummond Robert Furbee Charles Nevin Mike Pierson Dan Poland Carrie Anderson Chris Foley Stewart Lindsay Danielle Brown

How Frito-Lay Dominates the Snack Food Market | Insider Interview Join us for an exclusive interview with Frito-Lay as we discuss their strategies for dominating the snack food market. Discover how they carved out a niche in the barbecue and snack food industry and learn valuable insights from their success. Don't miss out on this inside look at building a thriving brand. #SnackFoodIndustry #FritoLayInsider #NicheMarketSuccess #BrandStrategy #FoodIndustryInsights #BarbecueSnacks #BrandDomination #MarketingStrategies #BusinessSuccess #SnackFoodNiche

Here's what's new in the #cpgindustry this week: Southern Glazer's Wine & Spirits has plans to acquire Horizon Beverage. The deal includes all of Norton, Massachusetts-based Horizon Beverage’s Massachusetts and Rhode Island operations and beer, wine and spirits portfolio, adding two states to the largest bev-alc distributor’s footprint, for a total of 46 states, plus Washington, D.C., Canada, the Caribbean and Central and South America. Oats Overnight has raised $35 million in a Series B funding round intended to help the high-protein oats brand continue to expand its manufacturing capabilities and grow its footprint in retail stores. The round follows a $21 million raise from last year when the company reported around 250 full time employees and a footprint in over 2,000 doors nationwide. Kroger and Albertsons Companies’ $24.6 billion grocery merger is once again in flux after a Colorado judge and the state’s attorneys general agreed today to an order halting the proceedings until the Colorado District Court rules on the state’s lawsuit that seeks to permanently block the deal. The agreement also cancels a nine-day hearing on the preliminary injunction set to start on August 12; instead it consolidates the proceeding with a two-week trial slated to begin on September 30. Ghetto Gastro is adding to its line with the launch of two fall-inspired toaster pastry flavors: sweet potato and brown sugar. The pastries are vegan, formulated with organic roots and grains, non-GMO and include no artificial additives or preservatives. Plant-based whole cuts maker Juicy Marbles has added plant-based Baby Ribs with edible bones to its portfolio. The company said it has been experimenting with its ribs for the past year, selling limited versions of its ribs to its online community but is now offering a retail-ready product. Danone is entering a partnership with Microsoft in order to integrate artificial intelligence throughout its supply chain. The dairy business said the program will include initiatives for its workforce to boost their experience with AI, including the use of predictive forecasting and real-time adjustments to streamline its operations. Siddhi Capital announced the closing of its second fund today at $135 million; the new vehicle marks the firm’s shift from startup to growth equity stage investments and a broadening beyond food and beverage. brekki has expanded its portfolio of ready-to-eat oats with two new flavors: Lemon and Choco Coconut. Plant-based milk and creamer producer Elmhurst® 1925 has made its first foray into the plant-based meat set with its single-ingredient chicken alternative, TerraMeat Plant-Based Chick’n. The new ambient product is made with hemp protein and has 26 grams of protein per serving.

Here's what's up in the #cpgindustry this week: Adult non-alc retailer Boisson is filing for bankruptcy protection, citing financial challenges amidst an “overly aggressive expansion plan” and the “inefficient deployment of capital.” Hemp-based beverage brand Flyers Cocktail Co has closed a Series Seed funding round led by cannabis-focused investment firm Delta Emerald Ventures. Liquid Death has introduced a new 12 oz. Shorty Can format available in Mountain Water Still, Severed Lime Sparkling and Mango Chainsaw Sparkling varieties. Each can contains 7.2 oz. less liquid than the brand’s king-size tallboys. Aplós has announced the launch of Aplos Cocktails, a new line of ready-to-drink (RTD) canned non-alcoholic cocktails. The line debuts with two flavors: Ume Spritz and Chili Margarita. Hain Celestial Group has sold cookie brand Thinsters to Icee and Dippin’ Dots owner J&J Snack Foods Corp in an all-cash transaction. Terms of the deal were not disclosed. The sale aligns with Hain’s previously announced plans to refocus the company’s portfolio of better-for-you brands across five growth categories: snacks, baby and kids’ food, beverages, meal preparation, and personal care. Yasso, Inc. has expanded its lineup of frozen yogurt treats with the addition of Strawberries & Cream Bars, Creamy Mango Bars, and Strawberry Chocolate Crunch Bars. Amy's Kitchen has introduced two new entrees: Penne with Mushrooms & Spinach Bowl and Mole Enchiladas. Barilla Group-owned Tolerant Foods, the maker of organic legume-based pasta products, announced that it has closed its doors and will begin winding down the brand. Former Starbucks CEO Howard Schultz has purchased a 2% stake Tony's Chocolonely. Douglas Lamont, CEO of Tony’s Chocolonely, said that Schultz would allow the chocolate producer to benefit from “his extensive experience of building a global consumer brand and company.” Serenity Kids recently closed a $52 million Series B minority investment and partnership led by Stride Consumer Partners LLC. The Carr’s will maintain ownership and continue to run the company.

🤝 𝐌𝐨𝐧𝐝𝐞𝐥𝐞𝐳 𝐚𝐧𝐝 𝐋𝐨𝐭𝐮𝐬 𝐁𝐢𝐬𝐜𝐨𝐟𝐟 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 🍫 Following the fascinating announcement last week that Mondelēz International and Lotus Bakeries (Biscoff) are partnering to launch new products, Robert Lawson, Managing Partner at Food Strategy Associates cast his view on what may lie ahead in Just Food. "𝘛𝘩𝘦𝘳𝘦’𝘴 𝘯𝘰𝘵𝘩𝘪𝘯𝘨 𝘪𝘯 𝘵𝘩𝘦𝘪𝘳 𝘱𝘰𝘳𝘵𝘧𝘰𝘭𝘪𝘰 𝘸𝘩𝘪𝘤𝘩 𝘐 𝘸𝘰𝘶𝘭𝘥 𝘵𝘩𝘪𝘯𝘬 𝘵𝘩𝘦𝘺 𝘸𝘰𝘶𝘭𝘥 𝘷𝘪𝘦𝘸 𝘢𝘴 𝘤𝘰𝘮𝘱𝘦𝘵𝘪𝘯𝘨 𝘥𝘪𝘳𝘦𝘤𝘵𝘭𝘺 𝘢𝘯𝘥 𝘵𝘩𝘦𝘳𝘦𝘪𝘯 𝘭𝘪𝘦𝘴 𝘵𝘩𝘦 𝘲𝘶𝘦𝘴𝘵𝘪𝘰𝘯: 𝘪𝘴 𝘵𝘩𝘪𝘴 𝘢 𝘧𝘪𝘳𝘴𝘵 𝘳𝘰𝘶𝘵𝘦 𝘵𝘰 𝘴𝘦𝘦 𝘪𝘧 𝘵𝘩𝘦𝘺 𝘨𝘦𝘵 𝘰𝘯 𝘸𝘦𝘭𝘭 𝘵𝘰𝘨𝘦𝘵𝘩𝘦𝘳 𝘢𝘯𝘥 𝘢𝘯 𝘦𝘷𝘦𝘯𝘵𝘶𝘢𝘭 𝘢𝘤𝘲𝘶𝘪𝘴𝘪𝘵𝘪𝘰𝘯?" Link to the article and Robert's full view in the comments below. Food Strategy Associates are seasoned experts in the global Snacking category. With >150 years of combined industry experience in our Senior Team, and having supported >50 strategy and transaction-related projects in the space, we are better placed than anyone to assist with the challenges your Snacking business faces. Please get in touch to learn more about our credentials in the space and how we can help you today. #snacking #foodandbeverage #strategy

The J.M. Smucker Co., which owns Jif peanut butter and Dunkin' pre-made coffee, beat second-quarter profit expectations, helped by higher product pricing and easing input costs. Mark Smucker, chair of the board, president and chief executive officer said, "We are confident in our ability to capitalise on synergies and growth opportunities across snacking, while also continuing to support our other growth platforms in coffee and pet." #food #snacks #sales #profit #quarterlyreport

𝐀 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐆𝐮𝐢𝐝𝐞 𝐨𝐟 "𝐏𝐨𝐩𝐩𝐞𝐝 𝐒𝐧𝐚𝐜𝐤𝐬" 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬: https://lnkd.in/duhmwYEZ Popped snacks are thought to be a #healthier, more #wholesome snack. They can be made of #corn, #rice, #potato, #chickpeas, or a blend of several of these, and most are subjected to heat and pressure until they pop. No #oil or #frying is #involved. #Major_Key_Players: General Mills, The Kellogg Collection PepsiCo Conagra Brands, 𝐖𝐡𝐚𝐭 𝐂𝐚𝐧 𝐛𝐞 𝐄𝐱𝐩𝐥𝐨𝐫𝐞𝐝 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐏𝐨𝐩𝐩𝐞𝐝 𝐒𝐧𝐚𝐜𝐤𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲:  Gain Market Understanding  Identify Growth Opportunities  Analyze and Measure the Global Popped Snacks Market by Identifying Investment across various Industry Verticals  Understand the Trends that will drive Future Changes in Popped Snacks Market  Understand the Competitive Scenario - Track Right Markets - Identify the Right Verticals 𝐀𝐬𝐤 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞: https://lnkd.in/dxcc3XRZ #poppedsnacksmarket #poppedsnacks #popped #snacks #food #foodindustery

𝐏𝐢𝐳𝐳𝐚 𝐂𝐡𝐞𝐞𝐬𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐭𝐨 𝐆𝐚𝐫𝐧𝐞𝐫 𝐁𝐮𝐫𝐬𝐭𝐢𝐧𝐠 𝐑𝐞𝐯𝐞𝐧𝐮𝐞𝐬 𝐛𝐲 𝟐𝟎𝟑𝟎 The study report provides in-depth details on the major key players who are expected to dominate the global market for the predicted time frame. The research has looked at a variety of business tactics used by these firms to establish a presence in the global Pizza Cheese industry. It will aid other companies in better understanding the techniques utilized by industry experts to preserve their leadership in this fiercely competitive climate and grow their clientele in order to command a larger share of the Pizza Cheese global market. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:- https://lnkd.in/ddqN6sDv 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:- Leprino Foods Arla Foods Bel Group Hospitality Sabelli Granarolo S.p.A. Saputo Inc. Fonterra Lactalis Group EURIAL, la branche Lait d’Agrial Kraft Heinz SAVENCIA

#StrategicAcquisition in Food Ingredients Saco Foods' purchase of Solo Foods is a recipe for success in the specialty baking ingredients market. This merger combines Saco's innovative spirit with Solo's century-old legacy, promising to whisk together a diverse and robust product portfolio. Key Takeaways: 🍰 The acquisition is a strategic blend of heritage and modernity, positioning the combined entity to rise as a leader in the specialty baking niche. 🍰 With the potential for cross-selling and market expansion, particularly through e-commerce, this move could significantly increase the combined brands' footprint. 🍰 The fusion of Saco's fresh approach and Solo's traditional excellence ensures a seamless transition for customers, with an enriched product offering. Investment Insights: 💡 The specialty baking sector is heating up, and Saco Foods' expanded portfolio could be the cherry on top for investors looking for growth opportunities. 💡 Strategic synergies from this acquisition may yield a competitive edge, suggesting a sweet spot for market share expansion and revenue growth. 💡 The long-term value proposition of this merger, blending heritage with innovation, could prove to be a sustainable investment with a taste of longevity. In essence, Saco Foods' acquisition of Solo Foods is set to redefine the specialty baking ingredients landscape, offering a delectable mix of tradition and innovation. For investors, this could be the perfect ingredient to diversify portfolios and tap into a market ripe for expansion. 📈 For a deeper dive into this strategic merger and its market implications, reach out to Market Unwinded - Your guide to informed investment decisions. Read More: https://lnkd.in/gPmt5aXV #SacoFoods #SoloFoods #BakingIndustry #MarketExpansion #Innovation #InvestmentOpportunities #MarketUnwinded