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August 11, 2020

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Food Business News

Using dairy to deliver a premium experience

FoodBusinessNews
by FoodBusinessNews04
CHICAGO — From butter coffee to whey water, a growing number of value-added beverages rely on dairy ingredients for nutrition and flavor. Some dairy ingredients add richness in the form of creamy and even frothy textures, while others dissolve into clear solutions. Most dairy ingredients are embraced for their protein......
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Food Business News

Molecular coffee startup raises $9 million

FoodBusinessNews
by FoodBusinessNews012
SEATTLE — Atomo Coffee Inc. raised an additional $9 million in seed funding to help scale its molecular coffee product, bringing the total amount raised by the company to $11.6 million. Existing investor Horizon Ventures participated in the round, along with new investors S2G Ventures, AgFunder and Bessemer Venture Partners.......
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Food Business News

Little Debbie to launch new mini muffin flavor

FoodBusinessNews
by FoodBusinessNews06
COLLEGEDALE, TENN. — McKee Foods Corp. is adding to its baked foods offerings with the launch of Little Debbie Birthday Cake Mini Muffins. The new product is a fresh, smaller spin-off of the company’s Little Debbie Birthday Cakes snack cakes. “Birthday Cake Mini Muffins were the obvious next choice when......
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Food Business News

noosa enters drinkable yogurt category

FoodBusinessNews
by FoodBusinessNews010
BELLVUE, COLO. — Sovos Brands subsidiary noosa yoghurt LLC is entering the drinkable yogurt category with a new line of fruit smoothies. Available in strawberry, strawberry banana, mixed berry and mango flavors, the smoothies combine whole milk yogurt with a puree made from fruit, cane sugar and wildflower honey. Each......
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Food Business News

McDonald’s sues former CEO to recover severance

FoodBusinessNews
by FoodBusinessNews08
CHICAGO – When McDonald’s Corp. fired Stephen Easterbrook, then chief executive officer, he received a severance package valued at nearly $42 million, according to executive compensation experts at Equilar. Now, the company is suing Mr. Easterbrook for the return of the money and a lot more after an investigation found......
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Food Business News

CBD still seeking mainstream acceptance

FoodBusinessNews
by FoodBusinessNews06
CHICAGO — With a plethora of cannabidiol (CBD) beverages in the marketplace, it surprises some to learn they are technically illegal. It is not a gray area, nor is it something some states allow. They are illegal, but they are out there. In fact, the CBD drink category had more......
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Food Business News

Florida Food Products acquires Amelia Bay

FoodBusinessNews
by FoodBusinessNews019
EUSTIS, FLA.— Florida Food Products (FFP) has acquired Amelia Bay, LLC, a Johns Creek, Ga.-based provider of fresh brewed tea extracts, coffee extracts and botanicals. “We are extremely excited to partner with a company that has the scale and capabilities of FFP,” said Jason Crandall, president of Amelia Bay. “This......
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Food Business News

Rowdy Bars adds keto-friendly prebiotic bar

FoodBusinessNews
by FoodBusinessNews02
RENO, NEV. — Rowdy Bars is entering the keto category with the launch of a new prebiotic-powered protein bar. The Keto Chocolatey Cookie Dough Rowdy Bar combines bovine collagen protein and Yacon root, a prebiotic, low-glycemic sweetening agent. Other key ingredients include almond butter, egg white protein, whey protein concentrate,......
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Food Business News

In flat bread market, Flowers cuts long-term targets

FoodBusinessNews
by FoodBusinessNews04
THOMASVILLE, GA. — Flowers Foods, Inc. is lowering its long-term goals for sales growth and changing its benchmarks for earnings, even as the company dials up its efforts to gain market share and to cut costs. The plans were shared by company executives Aug. 7 in an investor day presentation......
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Food Business News

Shift in sports nutrition demand impacts BellRing’s third quarter

FoodBusinessNews
by FoodBusinessNews07
ST. LOUIS – Inflated customer inventory building during the second quarter pressured BellRing Brands, Inc.’s fiscal 2020 third-quarter earnings and sales. Adding to the pressure has been a W-shaped recovery that accelerated as April progressed, dipped in May and not reached pre-COVID levels until July, according to the company. Net......
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Food Business News

DFA Ingredients launches e-commerce platform for small manufacturers

FoodBusinessNews
by FoodBusinessNews06
KANSAS CITY, KAN.  – DFA Ingredient Solutions, a business unit of Dairy Farmers of America, has launched an e-commerce store that allows manufacturers to order smaller quantities of its dairy ingredients. The new platform initially will feature dairy-based ingredients, including seasoning blends, specialty powders and concentrated pastes. Previously only available......
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Food Business News

Wendy’s sees ‘ton of upside’ in breakfast

FoodBusinessNews
by FoodBusinessNews05
DUBLIN, OHIO – The Wendy’s Co. is planning to invest an additional $15 million during the second half of fiscal 2020 to drive greater awareness of its breakfast program. Breakfast has been a bright spot for the quick-service restaurant (QSR) chain as it has adapted to challenging business conditions caused......
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Food Business News

Tolerant debuts single-ingredient pasta for children

FoodBusinessNews
by FoodBusinessNews011
CHICAGO — Tolerant, a maker of organic, legume-based pasta and rice alternatives, has launched a new line of single-ingredient pasta geared toward children. Tolerant Kids’ new line of shaped pasta includes Organic Kids Chickpea Alphaland, Organic Kids Red Lentil Galaxy, and Organic Kids Green Lentil Safari. The pasta is made......
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Food Business News

Slideshow: New menu items from Sonic, TGI Fridays, Tim Hortons

FoodBusinessNews
by FoodBusinessNews015
KANSAS CITY — Dessert mashups are sweetening seasonal menus at national restaurant chains. Sonic Drive-In combines two summertime staples in its latest creation, the Toasted S’mores Shake, blending vanilla ice cream with chocolate chunks and graham cracker crumbs, topped with marshmallow. “With a crunch you can’t get enough of balanced......
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Food Business News

Real Good Foods hires White for VP post

FoodBusinessNews
by FoodBusinessNews08
lOS ANGELES — Jack White has joined Real Good Foods as senior vice president of sales. Real Good Foods is a leader in the frozen food industry making nutrient-dense foods across multiple categories. In his new role Mr. White will lead the emerging brand’s sales team and distribution strategy across......
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Food Business News

Flowers Foods sees higher sales, profits in quarter

FoodBusinessNews
by FoodBusinessNews013
THOMASVILLE, GA. — While overall quarter sales at Flowers Foods, Inc. rose 5% in the second quarter ended July 11, the company saw sensational swings, both higher and lower, between its various categories of business, and total sales volume fell 3.3%. Branded retail sales during the quarter jumped 18% from......
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Food Business News

Sauer Brands names new CFO

FoodBusinessNews
by FoodBusinessNews011
RICHMOND, VA. — David Starr has been named executive vice president and chief financial officer at Sauer Brands, Inc., parent company of Duke’s Mayonnaise, Kernel Seasons, The Spice Hunter, Tasty Shakes, Sauer’s, Gold Medal and BAMA. He joins the condiments and spices company from Chicago Custom Foods, which was acquired......
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Food Business News

TreeHouse Foods navigates choppy second quarter

FoodBusinessNews
by FoodBusinessNews011
OAK BROOK, ILL. – Private label food and beverage manufacturer TreeHouse Foods, Inc. faced numerous challenges during the second quarter of fiscal 2020, most notably the starting and stopping of manufacturing plants due to the coronavirus (COVID-19). The intermittent shutdowns lowered service rates and delivered results slightly below company guidance.......
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Food Business News

Hostess opens new Innovation Lab

FoodBusinessNews
by FoodBusinessNews018
LENEXA, KAN. — Hostess Brands has opened a new Innovation Lab to support ongoing product development. Located in Lenexa, Kan., the laboratory employs around 20 researchers, product testers and bakers. It houses a laboratory where product prototypes are developed along with custom-built sensory booths and a focus group room. The......
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Food Business News

Banking industry bracing for prolonged economic downturn

FoodBusinessNews
by FoodBusinessNews014
KANSAS CITY — Most discussion about the future of the US economy during the early days of the coronavirus (COVID-19) pandemic focused on letters like V, L, U and W. Optimists promoted a V-shaped recovery, with the abrupt economic deceleration followed by acceleration and a return to normal. Pessimists pointed to......
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