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August 4, 2021

food production

Louisiana Fish Fry lands new owner

FoodBusinessNews
NEW YORK — MidOcean Partners, a New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, has acquired Louisiana Fish Fry Products, Inc. from an affiliate of Peak Rock Capital. Financial terms of the transaction were not disclosed. Founded in 1982, Louisiana Fish Fry makes a......

Ohio pizza maker takes on new identity

FoodBusinessNews
COLUMBUS, OHIO — Jane’s Dough Foods, which makes dough and frozen pizza for co-pack and private label customers, in addition to the Sonoma Flatbreads Gluten-Free and Donatos Oven-Ready brands, has changed its name to Jane’s Dough Premium Foods. The company said the name change reflects distribution and demand growing to......

Weston Foods sale process seen progressing well

FoodBusinessNews
TORONTO — The sale of Weston Foods, the baking division of George Weston Ltd., is likely to be announced this fall, said Richard Dufresne, president and chief financial officer of George Weston. Mr. Dufresne updated the investment community about the Weston Foods sale process during a call with analysts July......

Majority of Americans claim to hit whole grain recommendation, according to survey

FoodBusinessNews
BOSTON — Nearly three out of five respondents in the 2021 whole grains survey from the Oldways Whole Grains Council said they eat the recommended daily amount of whole grains, a much higher number than reported in the Dietary Guidelines for Americans 2020. When asked whether they chose whole grain......

Majority of Americans claim to hit whole grain recommendation

FoodBusinessNews
BOSTON — Nearly three out of five respondents in the 2021 whole grains survey from the Oldways Whole Grains Council said they eat the recommended daily amount of whole grains, a much higher number than reported in the Dietary Guidelines for Americans 2020. When asked whether they chose whole grain......

What brands need to know about the post-pandemic grocery shopper

FoodBusinessNews
CINCINNATI — Shoppers are returning to brick-and-mortar grocery stores, but they’re not giving up e-commerce entirely. Consumers settling into new post-COVID habits are exercising their options, from in-store shopping to pickup and delivery, according to a report from 84.51°, a retail data science company and Kroger Co. subsidiary. “We are......

Macaron and sweet goods makers snags investment

FoodBusinessNews
TORONTO — Bond Bakery Brands Ltd., a stakeholder-focused investment platform accelerating the growth of bakery companies, has initiated an investment in Coco Bakery Inc. Headquartered in Mississauga, Ont., Coco Bakery makes French macaron and premium sweet goods for distribution to retail and foodservice customers across North America. “Coco Bakery is......

IFT FIRST: Demand for sustainability certifications is growing

FoodBusinessNews
KANSAS CITY — From the Rainforest Alliance’s frog icon to the recently debuted upcycled certification seal, a growing number of sustainability certifications are showing up on product labels. A roundtable discussion at the Institute of Food Technologists’ FIRST virtual conference explored how those certifications are driving purchasing decisions at every......

Gruma USA metrics strong despite earnings, sales slippage

FoodBusinessNews
MONTERREY, MEXICO — Second-quarter results within the Gruma USA unit of Monterrey-based Gruma SAB de CV reflected a “rebalancing” of the company’s product portfolio, mirroring the paced recovery of the global economy as businesses return to pre-pandemic levels. “The tortilla business, whose footprint expressed mainly in the United States and......

IFT FIRST: Unpacking mission-driven product development

FoodBusinessNews
KANSAS CITY — Consumers are becoming increasingly educated and opinionated on a range of social and environmental issues, and they’re looking to CPG brands to deliver solutions. In a survey this past spring, New York-based Ipsos Marketing asked consumers what sustainability issues they think the United Nations should focus on.......

‘A space to be you’

FoodBusinessNews
PURCHASE, NY. — Progress toward making PepsiCo, Inc. a more diverse and inclusive organization was shared by the company July 21 in its 2020 DE&I Report. PepsiCo said it has launched an “evolved global strategy” underpinned by the tagline, “A space to be you.” “The ultimate objective is to become......

Muffins linked to Listeria recalled by Give & Go

FoodBusinessNews
SHIRLEY, NY. — Give & Go Prepared Foods (USA) Corp., a business unit of Mondelez International, Inc., on July 19 issued a nationwide recall of certain muffin products due to the potential for the products to be contaminated with Listeria monocytogenes. The recall includes certain products sold under the Uncle......

B&G Foods commits to diversity, inclusivity thru scholarship

FoodBusinessNews
PARSIPPANY, NJ. — B&G Foods, Inc. has founded the B&G Foods Scholarship at The Culinary Institute of America (CIA) to support individuals from diverse backgrounds in their pursuits of culinary careers. The B&G Foods Scholarship will award five $10,000 grants to eligible students at the CIA each year with a......

Undercover Snacks receives equity investment

FoodBusinessNews
EAST HANOVER, NJ. — Better-for-you snacks manufacturer Undercover Snacks said it has raised $13.7 million of equity for a minority stake in the company. Led by Octagon Capital Holdings, 900 Chocolate Investors and the company’s founders, funds will be used for marketing initiatives to support the company’s growing retail footprint,......

Bringing health, plant protein to developing markets

FoodBusinessNews
KANSAS CITY — Making food more affordable and available in developing markets was a common topic in a July 19 presentation at the Institute of Food Technologists’ virtual FIRST conference. Michael J. Leonard, PhD, chief technology officer for Motif FoodWorks. Inc., Boston, spoke about how plant protein alternatives, currently a......

IFT FIRST: Today’s trends that will drive growth tomorrow

FoodBusinessNews
KANSAS CITY — Food and beverage industry sales growth in the United States was predictable at 2% to 3% pre-pandemic. Then, in 2020, sales growth shot up to 11% and manufacturers and marketers are now trying to understand how to keep that growth elevated. Several trends stand out as potential......

Specialty snacks maker expanding in Virginia

FoodBusinessNews
RICHMOND, VA. — Red River Foods, Inc., a supplier of specialty snacks, said it will invest $16.5 million to establish a warehouse and processing plant for tree nuts, seeds and dried fruits in Henrico County, Va. The facility will create 60 new jobs. “We have called the Richmond region home......

Private equity firm to buy BakeMark

FoodBusinessNews
PICO RIVERA, CALIF. — Private equity firm Clearlake Capital Group, LP has signed an agreement to acquire BakeMark USA, LLC from Pamplona Capital Management. Financial terms of the transaction were not disclosed. “We are thrilled to partner with BakeMark and support the company in its next stage of accelerated growth,”......

Sensient adds Flavors Solutions

FoodBusinessNews
MILWAUKEE — Sensient Technologies Corp. has acquired the assets of Piscataway, NJ-based Flavor Solutions, Inc., a provider of flavors and flavor technologies to the food, beverage and nutraceutical markets. Financial terms of the transaction were not disclosed. “The acquisition of this business will allow Sensient to expand its flavor portfolio......

Private equity firm acquires Suja Life

FoodBusinessNews
San Diego — Private equity firm Paine Schwartz Partners has acquired cold-pressured, organic beverages manufacturer Suja Life from Goldman Sachs Asset Management and co-investors. Financial terms of the transaction were not disclosed. Founded in May 2012, Suja attracted attention among consumers and investors, gaining a following for its plant-based offerings.......

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