44.73 F
New York
January 16, 2021

consumers

Campbell to shutter Georgia snacks facility

FoodBusinessNews
COLUMBUS, GA. — Campbell Soup Co. has announced plans to close its manufacturing facility in Columbus by the spring of 2022. Campbell Soup employs 326 at the facility, which makes candy, crackers, cookies, nuts and bars. Founded in 1927 by Tom Huston, the Columbus plant has had several owners throughout......

Cargill in talks to sell stake in sugar trader Alvean

FoodBusinessNews
SÃO PAULO, BRAZIL — Cargill is in talks to sell its 50% share in global sugar trader Alvean Sugar SL to Brazil’s Copersucar SA, which already owns the other 50% of the joint venture, according to reports on Reuters, Bloomberg and others. “Alvean continues to be a leader in global......

Aryzta disposes remaining interest in Picard

FoodBusinessNews
SCHLIEREN, SWITZERLAND — Aryzta AG earlier this month reached agreement with Lion Capital and Invest Group Zouari for Aryzta’s remaining 4.64% interest in Picard, a French food retailer that specializes in the frozen food market. The transaction, valued at €24 million ($29.14 million), is expected to close early in the......

Sosland Publishing to launch Dairy Processing

FoodBusinessNews
KANSAS CITY —Sosland Publishing Co. is set to debut Dairy Processing, a new informational brand dedicated to the $9 billion North American dairy processing market. Launching in April 2021, Dairy Processing will provide news and feature stories targeted toward leaders and decision makers in the dairy industry. It joins Sosland......

Barilla buys British pasta maker

FoodBusinessNews
PARMA, ITALY — Barilla, the world’s largest pasta maker, is broadening its portfolio with the acquisition of Pasta Evangelists from Guinness EIS. Financial terms of the transaction were not disclosed, though various media reports suggest the purchase price is approximately €40 million. Founded in 2017 by Alessandro Savelli with a......

Specialty Food Association unveils a new solution for an old supply chain

FoodBusinessNews
NEW YORK — The Specialty Food Association (SFA) has collaborated with Specialty Food Partners to launch Infinite Aisle, an online marketplace connecting brands with distributors and retail buyers. The platform is a free benefit for the group’s member companies, many of which are startups or scaling brands struggling to secure......

Lower valuation multiple leads to lower General Mills target price

FoodBusinessNews
NEW YORK — Credit Suisse has lowered its target price on Minneapolis-based General Mills, Inc. to $62 from $64 “to reflect a lower valuation multiple.” Meanwhile, the ratings agency maintained its “outperform” outlook for the company. “During our meetings, management laid out a strong case for why the company is......

Omnichannel shopping jumps 50% in 2020, Neilsen says

FoodBusinessNews
NEW YORK — Since March 2020, over 18 million consumer packaged goods shoppers have gone online to do their shopping, finds a survey released by Nielsen.  The boom in e-commerce has led to the increase of omnichannel shopping. For many, Nielsen found online channels are a key means to compare......

Omnichannel shopping jumps 50% in 2020, Nielsen says

FoodBusinessNews
NEW YORK — Since March 2020, over 18 million consumer packaged goods shoppers have gone online to do their shopping, finds a survey released by Nielsen.  The boom in e-commerce has led to the increase of omnichannel shopping. For many, Nielsen found online channels are a key means to compare......

Ladera expanding beyond granola

FoodBusinessNews
REDWOOD CITY, CALIF. — Ladera is entering 2021 with a refreshed vision, a new brand identity and a new product line. Brian Tetrud launched the company (formerly Ladera Granola) from his mother’s kitchen in 2011. Fresh out of college and new to the food industry, he started out renting bakery......

Between-meal snacking occasions on the rise

FoodBusinessNews
CHICAGO — A new report from The NPD Group shows the rise in snacking in recent years. Americans added 25 between-meal snacking occasions per capita over the past five years, NPD found, with the number of snacking occasions per capita increasing to 530 in 2020 from 505 in 2015. The......

Butterball investing in Arkansas facilities expansions

FoodBusinessNews
GARNER, NC. — Butterball has announced plans to invest $8.7 million to expand two turkey processing facilities in northwest Arkansas. One expansion will comprise a $4.7 million investment in Ozark, Ark., where the company plans to upgrade processing equipment and expand refrigeration capacity. Butterball also will remodel many of the......

Has coronavirus made us more ethical consumers?

BBC
https://www.bbc.co.uk/news/business-55630144 Take a 2020 global survey by management consultancy firm Accenture. It said that consumers “have dramatically evolved”, and that 60% were reporting making more environmentally friendly, sustainable, or ethical purchases since the start of the pandemic. Accenture added that nine out of 10 of that percentage said were likely......

CJ Foods expanding with new Asian food facility

FoodBusinessNews
LOS ANGELES — CJ Foods USA Inc. (CJ Foods), the US-based affiliate of CJ CheilJedang (CJCJ), has unveiled plans to invest several hundred million dollars to build a 700,000-square-foot Asian food production facility in Sioux Falls, SD. The new facility will include automated food production lines, a warehouse and distribution......

Food Entrepreneur: Investment trends on tap for 2021

FoodBusinessNews
KANSAS CITY — In the year ahead, consumer trends triggered by the coronavirus pandemic are expected to continue, driving further innovation in food production and distribution. Startups tackling key issues in the supply chain are capturing investor attention, said Anne Greven, head of food and agribusiness innovation at Rabobank, New......

T. Hasegawa acquires Mission Flavors & Fragrances

FoodBusinessNews
CERRITOS, CALIF. — T. Hasegawa USA, Inc., a subsidiary of Tokyo-based T. Hasegawa Co., Ltd., has acquired Mission Flavors & Fragrances, Inc., a manufacturer of custom flavor solutions based in Foothill Ranch, Calif. The purchase fits into T. Hasegawa USA’s strategy to broaden its flavor portfolio within the dairy, bakery,......

Tyson Foods investing $26 million to expand bacon production

FoodBusinessNews
SPRINGDALE, ARK. – Tyson Foods, Inc. is starting 2021 with a capital improvement project that will increase production of its Wright Brand Bacon brand. The company is investing $26 million in an expansion of its Vernon, Texas, bacon processing plant where the bacon is made. The project is scheduled for......

Holiday shopping in 2020 brought foot traffic close to 2019 levels

FoodBusinessNews
LOS ALTOS, CALIF. — While the pandemic lowered instore foot traffic throughout 2020, more shoppers came into the store to complete their holiday grocery shopping, coming close to matching 2019 traffic.   Data from Placer.ai took a look at seven top supermarket chains nationwide and saw an average year-over-year decline of just 2.5% on December......

Herbalife Nutrition to move into baked foods category

FoodBusinessNews
LOS ANGELES — Herbalife Nutrition has launched Protein Baked Goods Mix, marking the global nutrition company’s first foray into the baked foods category. According to Herbalife Nutrition, the new Protein Baked Goods Mix has been specially formulated to be combined with the company’s Formula 1 Healthy Meal Nutritional Shake Mix,......

Is 2021 the year of vegan baking?

FoodBusinessNews
NEW YORK — Already a lively subculture, WGSN expects the audience for vegan baking to continue growing in 2021, fueled by concerns about animal welfare, environmental issues and better ingredients. The Ascential-owned trend forecasting company examined data from social media and online retail sales and found social media conversations around......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More