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Food Business News

PepsiCo to acquire PopCorners snacks maker | 2019-12-03

FoodBusinessNews
PURCHASE, N.Y. — PepsiCo, Inc. has entered into a definitive agreement to acquire BFY Brands, maker of air-popped chips and veggie crisps. The Middleton, N.Y.-based company will be managed by PepsiCo’s Frito-Lay North America division. Financial terms of the transaction were not disclosed. BFY Brands was formed in 2015, after a...
Food Business News

Taco Del Mar takes Beyond Meat system wide | 2019-12-03

FoodBusinessNews
DENVER — Taco Del Mar is taking the Beyond Meat Taco systemwide. The fast-casual chain announced it will offer the plant-based menu item at all locations for a limited time beginning Dec. 3, with the possibility of extended availability into the future. The Beyond Meat Taco features Beyond Beef Feisty...
Food Business News

Making a match in co-manufacturing | 2019-12-02

FoodBusinessNews
SAN FRANCISCO — Finding a co-packer is like finding a spouse,” said Jonathan Milo Leal, the owner of Milo’s Co-Packing in Athens, Ohio. “You really want to find someone you mesh well with and who you trust.” Businesses of all sizes may benefit from partnering with a co-manufacturer or co-packer, who,...
Food Business News

Hodgson Mill recalls all-purpose flour | 2019-12-02

FoodBusinessNews
EFFINGHAM, ILL. — Hodgson Mill voluntarily recalled specific lots of its Unbleached All-Purpose White Wheat Flour 5-lb bags. “We are taking this voluntary precautionary step because of the potential presence of pathogenic E. coli that was discovered through sampling raw uncooked flour,” Hodgson Mill said. Hodgson Mill has not received any...
Food Business News

Canopy Growth debuts ‘Cannabis 2.0’ portfolio | 2019-12-02

FoodBusinessNews
SMITH FALLS, ONT. — Canopy Growth is rolling out 13 cannabis-infused drinks and a line of cannabis-infused chocolate as part of its Cannabis 2.0. portfolio. The launch coincides with the second wave of national legalization in Canada. While the country legalized recreational marijuana sales last year, regulatory green light for...
Food Business News

Vanilla prices drop by a third from recent highs | 2019-12-02

FoodBusinessNews
MOUNT ROYAL, QUE. – Current vanilla bean prices in Madagascar, which provides most of the world’s supply, are about one-third lower than a recent peak price of $600 per kilogram, according to a report released Nov. 27 by Aust & Hachmann Ltd. “As we approach the end of 2019 it...
Food Business News

Hostess Brands to acquire Canadian cookie company | 2019-12-02

FoodBusinessNews
KANSAS CITY — Hostess Brands, Inc. has entered into an agreement to acquire Voortman Cookies Ltd. from the private equity company Swander Pace Capital for approximately $320 million. The companies expect the transaction to close in January 2020. Voortman Cookies is a manufacturer of wafers, sugar-free and specialty cookies that...
Food Business News

Adding value with extracts | 2019-10-02

FoodBusinessNews
KANSAS CITY — Extracts are the go-to ingredients for food and beverage product developers intent on formulating products with a clean, clear or natural marketing approach. As the ingredients panel on packaged foods is scrutinized by some consumers for so-called no-no ingredients, extracts offer formulators an opportunity to preserve a formulation...
Food Business News

Sugar prices soar after U.S.D.A. cuts supply forecast | 2019-11-27

FoodBusinessNews
WASHINGTON — The U.S. sugar market situation addressed in this column two weeks ago has deteriorated even more with prices soaring to seven-year highs amid limited offers. Based on the U.S. Department of Agriculture’s Nov. 8 Crop Production report, the sugar beet crop in the largest U.S. sugar-producing region could...
Food Business News

Slideshow: New menu items from Dairy Queen, Auntie Anne’s, Tim Hortons | 2019-11-27

FoodBusinessNews
KANSAS CITY — Hot cocoa is climbing in popularity as a holiday flavor, especially combined with peppermint. Dairy Queen is debuting the Peppermint Hot Cocoa Blizzard Treat, featuring candy cane pieces, chocolate chunks and cocoa fudge blended with vanilla soft serve. The dessert is then finished with whipped topping and...
Food Business News

Functional foods at the forefront | 2019-11-27

FoodBusinessNews
KANSAS CITY — Mainstream brands are catering to consumer desire for functional benefits in food and beverages. Shoppers are seeking snacks or drinks that promote digestion, heart health, brain benefits and more. A recent example comes from Tyson Foods, Inc., Springdale, Ark., which launched a line of refrigerated snack bites formulated...
Food Business News

KFC testing plant-based chicken in Canada | 2019-11-27

FoodBusinessNews
VAUGHAN, ONT. — KFC, a subsidiary of Yum! Brands, Inc., is launching a second one-day test of plant-based chicken. New meatless popcorn chicken and fried chicken sandwiches will be available at a Mississauga, Ont., location on Nov. 27. KFC tested Beyond Meat nuggets and boneless wings at an Atlanta store...
Food Business News

Report: All-day snacking on the upswing | 2019-11-27

FoodBusinessNews
ARNHEM, THE NETHERLANDS — Snacking has become an “all-day habit” in the United States, according to a new study. While 46% of consumers eat salty snacks between meals in the afternoon and 37% in the evening, more consumers are also replacing traditional meals with quicker bites, according to the study,...
Food Business News

U.S.D.A. announces refined sugar import increase | 2019-11-27

FoodBusinessNews
WASHINGTON — The U.S. Department of Agriculture on Nov. 25 announced that the U.S. Department of Commerce, at the U.S.D.A.’s request, approved an additional 100,000 short tons, raw value, of refined sugar imports from Mexico during 2019-20 (October-September marketing year). “In recent weeks, prospects for U.S. sugar production have declined...
Food Business News

Takasago opens flavors facility in Indonesia | 2019-11-27

FoodBusinessNews
ROCKLEIGH, N.J. — The Takasago Group opened a new, 16,000-square foot facility in Indonesia. It is the company’s first flavors and fragrances plant in the country and twelfth worldwide. Indonesia was chosen for its geographic location, stable economy, skilled workforce and good infrastructure, Takasago said. The plant will serve the...
Food Business News

First Choice Ingredients launches toasted cheese concentrates | 2019-11-27

FoodBusinessNews
GERMANTOWN, WIS. — First Choice Ingredients, Germantown, has introduced a toasted cheese line that includes toasted cheddar and toasted Parmesan concentrates. They are available in paste and powder form and at a variety of concentration levels. “Our partners are constantly looking for unique, authentic, on-trend cheese and dairy ingredients that...
Food Business News

Food origin, method of production influence taste perception | 2019-11-27

FoodBusinessNews
COPENHAGEN, DENMARK — Consumers want to know more about the food they eat. Millions of people engage in online conversations about responsible sourcing every day, and the Center for Food Integrity predicts the number of consumers concerned about the origin of their food will hit 50 million by 2021. Most...
Food Business News

Hormel Foods faced challenges in fiscal 2019 | 2019-11-27

FoodBusinessNews
AUSTIN, MINN. — Weak performances from Hormel Foods Corp.’s Grocery Products and International & Other business units hindered the company’s performance during fiscal 2019, ended Oct. 27. The Grocery Products business, which includes such brands as Spam and Skippy, was pressured by the divestment of CytoSport. During the year, Grocery...

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