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Bodybuilding.com protein powders to feature Hostess snack cake flavors

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BOISE, IDAHO — Hostess Brands, LLC has partnered with Bodybuilding.com to offer two new varieties of protein powder under the Remix Nutrition brand: Hostess Twinkies and Hostess Chocolate CupCakes flavored protein powders. “Bodybuilding.com is excited to exclusively offer these delicious and functional new products,” said Gwen Bennett, senior vice president......
Food Business News

Kemin hires new leader for Asia innovation efforts

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SINGAPORE — Keith Lim, PhD, has joined Kemin Industries as head of innovation and application excellence for Kemin Food Technologies — Asia. Dr. Lim has more than 15 years of experience in food ingredient application and has actively led product development projects. Prior to joining Kemin, Dr. Lim spent three......
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Banana Wave launches Mango-flavored non-dairy milk

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BOCA RATON, FLA. — Banana Wave launched its newest non-dairy, plant-based milk formula, Banana Wave Mango. Made with whole bananas and fiber-rich oat milk, the mango-flavored beverage is gluten-free, fat-free and non-GMO. It contains no artificial sweeteners, flavors or colorings and is high in essential vitamins A, B12, C, D......
Food Business News

Blue Nalu, Aero Farms highlight sustainable food technology

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NEW YORK — Entrepreneurs are utilizing new technologies to bridge the gap between where food is grown and where it is consumed. San Diego-based BlueNalu, Inc. is pioneering cellular aquaculture, a process by which living cells are taken from fish and grown using culture media to create seafood. “(Seafood) is......
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Jack in the Box CFO to step down

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SAN DIEGO — Lance Tucker, executive vice president and chief financial officer of Jack in the Box Inc., plans to leave the company within the next six weeks, it was announced July 30. Senior members of the finance department will assume his responsibilities on an interim basis until a successor......
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Domino’s names chief marketing officer

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ANN ARBOR, MICH. — Art D’Elia has been promoted to executive vice president and chief marketing officer at Domino’s Pizza, Inc. His expanded role includes responsibility for all global marketing initiatives, leading US marketing and advertising and working with Domino’s master franchise companies around the world. He will report to......
Food Business News

Slideshow: New products from Sara Lee Frozen Bakery, Purely Elizabeth, Earnest Eats

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KANSAS CITY — Consumer routines have been upended by the pandemic. Canceled morning commutes have led to an increase in at-home breakfast consumption. Restricted gatherings mean fewer occasions for multi-serve desserts. New products hitting retail shelves cater to a new normal. Miniature cheesecakes in peel-and-plate packaging are debuting from Sara......
Food Business News

Waters sales sink 21% for Danone in first half

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PARIS — The Essential Dairy and Plant-based (EDP) segment of Danone SA fared well amid the coronavirus (COVID-19) pandemic over the first six months of the year. The same could not be said for the company’s Waters segment as out-of-home demand declined for single-serve bottled water. EDP reported sales of......
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ADM income soars on execution of strategic plan

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CHICAGO — Archer Daniels Midland Co. posted net earnings of $469 million for the second quarter ended June 30, equal to 84¢ per share on the common stock, with improvements seen in its ag services and oilseeds and nutrition segments. This compared with earnings of $235 million, or 42¢ per......
Food Business News

iTi Tropicals debuts 100% vegan coconut milk powder

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LAWRENCEVILLE, NJ. — iTi Tropicals, Inc. launched a 100% vegan coconut milk powder. The new clean label ingredient is free from food starches, stabilizers, emulsifiers and other additives. It is suitable for use in applications ranging from cake and cupcake mixes, pancake mixes, waffle mixes, muffins and more, the company......
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Impairment charge overshadows Kraft’s strong quarter

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PITTSBURGH – A $2.9 billion impairment charge pushed the Kraft Heinz Co. into the red during the second quarter of fiscal 2020. The charge overshadowed organic sales growth of 7.4% when compared to the same period of the previous year and was fueled by increased demand at retail due to......
Food Business News

Kellogg sales hold strong in second quarter

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BATTLE CREEK, MICH. — Second-quarter sales exceeded expectations at Kellogg Co., especially for ready-to-eat cereal and frozen foods, prompting management to raise earnings and sales guidance for the full year. Cereal consumption surged 16% during the quarter, and the company’s Eggo brand enjoyed 26% growth. Kellogg’s net income in the......
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Dunkin’ US to close as many as 800 locations

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CANTON, MASS — About 800 Dunkin’ US locations, including a previously announced 450 limited-menu Speedway locations, may close permanently in 2020 as part of a real estate portfolio rationalization, Dunkin Brands Group, Inc. said July 30 while giving second-quarter financial results. The 800 locations would represent about 8% of the......
Food Business News

Yum! Brands’ sales slide 8.5%

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LOUISVILLE, KY. — Digital orders at KFC and Pizza Hut surged in the second quarter as more people ordered fried chicken and pizza online, but challenges related to the coronavirus (COVID-19) pandemic continued to weigh on parent company Yum! Brands, Inc.’s earnings during the period. Net income for the second......
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Capacity restrictions, consumer caution limit recovery at Dine Brands

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GLENDALE, CALIF.  — Government-imposed capacity restrictions and consumer caution limited recovery at Dine Brands Global, Inc., owner of Applebee’s and IHOP, during the second quarter. “Most geographies imposed a 25% to 50% capacity restriction,” said John C. Cywinski, president of Applebee’s, during a July 29 conference call with financial analysts.......
Food Business News

Great Plains Analytical Lab hires director of microbiology

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KANSAS CITY — Mary L. Bandu, PhD, has joined the technical team at Great Plains Analytical Lab as director of microbiology. Dr. Bandu has more than 17 years of industry experience in clinical and food microbiology. Prior to joining Great Plains she was senior manager of manufacturing science at Thermo......
Food Business News

Inside Ferrara’s transformation of Keebler cookies

FoodBusinessNews
CHICAGO — Under new ownership, the Keebler brand is beginning to roll out updated recipes and packaging for its cookie brands, as well as a new look for Ernie the Elf. A year ago, the Ferrero Group acquired Kellogg Co.’s selected cookie, pie crust and ice cream cone businesses in......
Food Business News

Utz turns in record sales in Q2

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HANOVER, PA. — Utz Quality Foods, LLC posted record sales in the second quarter as new households bought up its broad line of snacks, including potato chips, pretzels, veggie stix/straws and popcorn. Pro forma net sales in the second quarter ended June 28 totaled $242 million, up 11% from $218......
Food Business News

Alternative protein company closes $913 million Series B round

FoodBusinessNews
SAN LEANDRO, CALIF. — Animal-free ingredient company Geltor closed a $913 million Series B round led by CPT Capital. ADM Ventures, the venture arm of Archer Daniels Midland Co., also participated in the round, which brought the total funding raised by the company to $116.3 million. The new funding will......
Food Business News

Immunity claims proliferate in new product launches

FoodBusinessNews
ARNHEM, THE NETHERLANDS — Products carrying an immunity claim, already on the rise before the coronavirus (COVID-19) pandemic, have continued picking up steam. “From 2015 to 2019 … you’re looking at almost a doubling of new product innovation globally for food and beverage launches with an immune health claim,” said......

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