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October 19, 2020

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Food Business News

BBU expands availability of The Rustik Oven

FoodBusinessNews
by FoodBusinessNews016
HORSHAM, PA. — After more than a year in test marketing in California, Bimbo Bakeries USA is rolling out The Rustik Oven signature artisan bread line nationwide. The Rustik Oven is available in three varieties — sourdough, artisan white, and hearty grains and seeds. The bread is Non-GMO Project verified......
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Food Business News

Coca-Cola retiring Tab, Zico brands

FoodBusinessNews
by FoodBusinessNews015
ATLANTA — The Coca-Cola Co. plans to discontinue Tab diet soda and Zico coconut water, among other brands in the United States, as part of its ongoing portfolio refresh. Other retired products include Odwalla, Coca-Cola Life and Diet Coke Feisty Cherry, plus regional offerings such as Northern Neck Ginger Ale......
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Food Business News

Kitchens of Sara Lee on the block

FoodBusinessNews
by FoodBusinessNews033
SYDNEY, AUSTRALIA — McCain Foods (Aust) Pty. Ltd. has hired Rothschild Australia’s investment bankers to auction the Kitchens of Sara Lee frozen bakery business, according to The Australian Financial Review. McCain acquired the Sara Lee business from Hillshire Brands Co. in 2013 for approximately $85 million. At the time, the......
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Food Business News

Pilgrim’s Pride expanding Minnesota poultry plant

FoodBusinessNews
by FoodBusinessNews031
COLD SPRING, MINN. — Pilgrim’s Pride Corp. announced on Oct. 13 that it will expand its Cold Spring, Minn., poultry facility as part of a $75 million investment. According to the Greater St. Cloud Development Corp. (GSDC), when construction is completed in early 2021, about 130 new jobs will be......
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Food Business News

Four flavor themes stand out in McCormick forecast

FoodBusinessNews
by FoodBusinessNews020
HUNT VALLEY, MD. — Smoked cinnamon, chilies and chia seeds all could factor into upcoming flavor innovation, according to the McCormick Flavor Solutions’ Flavor Forecast released Oct. 14. The forecast focused on four themes: sweet and seasonal satisfaction, spicy revolution, global finds, and empowered eating and drinking. McCormick Flavor Solutions,......
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Yelp searches reveal season’s trending foods and flavors

FoodBusinessNews
by FoodBusinessNews023
SAN FRANCISCO — The season’s top food and drink trends, according to restaurant review hub Yelp, include, unsurprisingly, pumpkin spice lattes and apple cider donuts. A breakout star on the platform, with searches up 6,218% over last year, is suadero tacos. An authentic Mexican street food, tacos de suadero feature......
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Food Business News

Six megatrends shaping the food industry

FoodBusinessNews
by FoodBusinessNews019
BOSTON — Major food companies are seeing increased competition from smaller brands and rising costs of production, even in the face of industry wide growth, according to a new report from Lux Research. “While it was once beneficial to be big, to have an integrated supply chain and costly capital......
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Food Business News

PepsiCo puts Green Bond funds toward packaging, decarbonization

FoodBusinessNews
by FoodBusinessNews044
PURCHASE, NY. — PepsiCo, Inc. has put nearly $450 million of its $1 billion Green Bond to use in support of packaging, decarbonization and water, the company announced on Oct. 13. Funds also have been allocated toward advancing several of the UN’s Sustainable Development Goals, PepsiCo said. The company’s first-ever......
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Food Business News

Premium meats in high demand

FoodBusinessNews
by FoodBusinessNews018
KANSAS CITY, MO. – Despite tough economic times for many Americans, consumer demand remains high for premium cuts of meat sold at grocery retail, and the nation’s top suppliers are rolling out new products to meet it. This summer, Tyson Fresh Meats, a division of Tyson Foods, Inc., celebrated the......
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Food Business News

Conagra benefiting from modernized portfolio

FoodBusinessNews
by FoodBusinessNews020
CHICAGO — While consumers increasingly have turned toward specialty brands and fresher products over big-name processed foods in recent years, classic brands and comfort foods are enjoying a resurgence as shoppers seek familiarity and easy-to-make meals during the coronavirus (COVID-19) pandemic. Prior to the pandemic, issues like healthier ingredients, cleaner......
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Recalculating at retail: Shoppers to seek more deals

FoodBusinessNews
by FoodBusinessNews030
NEW YORK — Experiencing or anticipating financial restraint, Americans will recalibrate their shopping habits, according to Nielsen’s COVID-19 Shopper Survey that contacted people in early July. They will seek discounts, promotions and lower prices. When asked what would happen if economic conditions worsen, 52% of respondents said they will cook......
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Food Business News

Southeastern Mills now Summit Hill Foods

FoodBusinessNews
by FoodBusinessNews024
ROME, GA. — Southeastern Mills has rebranded to Summit Hill Foods. The rebranding initiative is the result of a year-long effort that includes a new company name, brand manifesto, company logo and corporate and foodservice websites. The effort was inspired by a need for a name that better aligns with......
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Food Business News

Ferrero affiliate agrees to buy UK biscuit business

FoodBusinessNews
by FoodBusinessNews024
LUXEMBOURG — CTH, a Belgian holding company affiliated with the Ferrero Group, has reached an agreement to acquire part of the Fox’s Biscuits business from 2 Sisters Food Group, which is part of Boparan Holdings Ltd., for £246 million ($317.18 million). As part of the transaction, CTH would acquire Fox’s......
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Food Business News

Aryzta sets sights on better crisis approach

FoodBusinessNews
by FoodBusinessNews019
SCHLIEREN, SWITZERLAND — Aryzta AG remains in “measured crisis mode,” Kevin E. Toland, chief executive officer, said during an Oct. 6 conference call to discuss fiscal 2020 results. “That’s a better crisis approach, having the right focus and data points, being agile and adaptable, and having very short frequent communication......
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Food Business News

Food Entrepreneur: Finding a sweet spot in the children’s snacking space

FoodBusinessNews
by FoodBusinessNews017
LOS ANGELES — This past spring, a team of industry veterans launched Mavericks, a brand of lunchbox-ready cookies and crackers for children. And then the pandemic shuttered schools across the United States. “Looking back, had we known we were launching a healthy kids snack brand and school lunches and after-school sports weren’t......
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Food Business News

Dreyer’s Eskimo Pie rebranded as Edy’s Pie

FoodBusinessNews
by FoodBusinessNews028
NEW YORK — Dreyer’s Grand Ice Cream, a subsidiary of global ice cream maker Froneri, announced its Eskimo Pie ice cream bars will now be called Edy’s Pie. The company also removed imagery featuring an Arctic child in a fur coat from the product’s packaging. Froneri in June said it......
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Food Business News

Seed breeder Equinom debuts R&D facility

FoodBusinessNews
by FoodBusinessNews018
GIVAT BRENNER, ISRAEL — Equinom, Ltd., the first company to design seeds exclusively for the food industry, has opened a new R&D center in Kibbutz Givat Brenner. The new facility brings together all the company’s departments — biochemistry, applications, sensory and breeding — and will enable the departments to work......
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Food Business News

Unique Pretzel transforms into Unique Snacks

FoodBusinessNews
by FoodBusinessNews034
READING, PA. — Unique Pretzel Bakery, Inc., a sixth-generation family business based in southeastern Pennsylvania, is undertaking a corporate rebranding to become Unique Snacks. The initiative comes in advance of the company’s 100th anniversary, which will take place in February 2021. The company said the rebranding was spurred in part......
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Food Business News

Eurazeo takes stake in Dewey’s Bakery

FoodBusinessNews
by FoodBusinessNews037
PARIS — Global investment firm Eurazeo has completed a $25 million minority investment in Dewey’s Bakery, a Winston-Salem, NC-based cookie and cracker manufacturer. Eurazeo Brands, the division of Eurazeo focused on differentiated consumer brands with global growth potential, is investing alongside Scott A. Livengood, chairman and majority owner of Dewey’s,......
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Food Business News

American Egg Board white paper breaks down comfort food trend

FoodBusinessNews
by FoodBusinessNews046
CHICAGO — The American Egg Board released a new white paper examining the psychological characteristics successful comfort foods share in common. The paper, “Comfort & Convenience: Consumers Reach for it All,” shows consumers have merged their desire for comfort foods with convenience trends. Comfort foods also may further the growing......
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