General Mills Inc. has finalized the sale of its Brazil business to Grupo 3corações, a food and beverage company, as part of its ongoing portfolio transformation. The $153 million transaction, which was announced earlier this year, includes popular local brands…
Food News
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Kraft Heinz is investing $30 million to upgrade a marshmallow and caramel plant in Kendallville, Indiana. The money will be used to enhance production lines and make broader improvements across the plant “to better position us to meet the evolving…
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Haribo, a 106-year-old confection industry stalwart, is renowned for its iconic gummy candies such as Goldbears, Twin Snakes, and Peaches. Despite fierce competition in the gummy market, Haribo holds the top spot as the No. 1 gummy candy brand in…
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Key Highlights: Nestlé has agreed to sell its mainstream vitamins, minerals, and supplements business to Yellow Wood Partners for $1 billion, with the deal expected to close by the first half of 2027, pending regulatory approvals. The transaction includes seven…
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KANSAS CITY — The Möcean (pronounced “motion”) brand of energy drinks is targeting a more mature market by offering adaptogens and prominently labeling caffeine content on their products. Tony Vieira, CEO and co-founder of Mōcean, with over 37 years of…
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More Food and Beverage Companies Facing Lawsuits Over Zero-Sugar Labels Several food and beverage companies using the sweetener allulose are now grappling with class action lawsuits regarding their zero-sugar labels. The FDA’s recent stance against the industry has spurred renewed…
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The coffee, energy drink, and tea industries are eagerly anticipating the US Food and Drug Administration’s decision on caffeine labeling. Will it be a mere guidance or a binding rule? Where will the FDA recommend placing caffeine content on packaging?…
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Sauces: The Flavor Innovation Powerhouse Sauces are no longer just a finishing touch; they have become a key player in flavor innovation across CPG and foodservice industries. With the rise of the “foodie” culture, consumers are actively seeking out unique…
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Hormel Foods Corp. experienced a decline in volume in its Retail operating unit for the third consecutive quarter, impacting its fiscal third-quarter results. John Ghingo, president and CEO-elect of Hormel, attributed this decline to the divestiture of the whole bird…
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Here are some interesting product ideas that have caught our attention recently. From Pringles’ new thickest crisp to Pop-Tarts’ collaboration with BuzzBallz and Snoop Dogg’s new popsicles, there’s a lot going on in the world of snacks and beverages. Pringles…