Food News

Hershey Expands Sweets Portfolio with Acquisition of Sour Strips Hershey recently acquired Sour Strips, a popular sour candy brand founded by Maxx Chewning in 2019. This strategic move aims to broaden Hershey’s sweets portfolio and tap into the growing demand…

J&J Snack Foods Introduces New Artisanal Soft Pretzel J&J Snack Foods, known for its popular Icee and Dippin’ Dots products, is now venturing into the retail market with its new Bavarian-style Brauhaus Pretzel. Hand-crafted with premium ingredients and free from…

Expanding its reach beyond beer, Molson Coors has taken a majority ownership stake in Zoa, the energy brand founded by Dwayne “The Rock” Johnson. The financial details of the transaction were not disclosed. This acquisition grants Molson Coors influence over…

Ingredients in Focus: Taurine and Heart Health Ingredients in Focus is Food Dive’s bite-size column highlighting interesting developments in the ingredients sector. Taurine is a common ingredient found in energy drinks and scientists are now finding it may have a…

Exciting News: Great news for Better Meat on Tuesday as they have received a patent for their innovative process of producing mycoprotein, an alternative protein made through fermenting a fungus known as Neurospora crassa. This breakthrough will enable the company…

Editor’s note: This article is based on insights shared during an engaging live virtual event hosted by CIO Dive and CFO Dive on October 30. You can watch the recorded sessions here. Enterprises have been intrigued by the potential of…

Waterloo Sparkling Water Sees Opportunity in the Growing Nonalcoholic Cocktail Trend As the trend of nonalcoholic cocktails continues to gain momentum, Waterloo Sparkling Water is seizing the opportunity to expand its reach in the $8.2 billion ready-to-drink mocktail market. Kathy…

Dive Brief: Lifeway Foods has turned down an acquisition offer from Danone on September 23, valuing the kefir maker at $283 million, or $25 per share. Danone, a significant shareholder in Lifeway, currently holds 23.4% of its common shares. In…

Key Insights: Recent trends indicate a resurgence in M&A activity within the food and beverage industry, driven by shifting consumer preferences, favorable interest rates, and a strategic focus on portfolio optimization, as highlighted by CoBank. In contrast to previous years,…

Kellanova is optimistic about its outlook for 2025 following a strong performance in its most recent quarter, fueled by increased demand for its snack products. The company, known for its Pringles brand and set to be acquired by Mars for…