A holding company linked to top executives at Monster Beverage recently acquired the iconic Thrifty Ice Cream brand along with a healthcare business for $19.2 million. The purchasing entity, known as Hilrod Holdings, is owned by Hilton Schlosberg, CEO of…
Tag:
business
-
-
Key Points: Jones Soda has sold its cannabis beverage business, including the Mary Jones brand, to MJ Reg Disrupters for $3 million. The sale is part of Jones’ strategy to streamline operations and focus on its core soda offerings, functional…
-
Summary: Archer-Daniels-Midland Co. CEO Juan Luciano stated that the ingredients business is “on the path to recovery” after facing challenges from a broad accounting scandal in the nutrition unit.broad accounting scandal. Luciano mentioned in an earnings call that demand for…
-
To cater to the growing demand for protein in consumers’ diets, Cargill’s latest annual Protein Profile report dives deep into the trends, behaviors, and cultural shifts driving the need for more protein in 2025 and beyond. The report uncovers valuable…
-
The US Department of Agriculture (USDA) and the US Food and Drug Administration (FDA) are working together to strengthen oversight of food manufacturers, especially meat and poultry processors, in order to reduce the incidence of foodborne illnesses. In 2024, the…
-
Summary: Ingredion is investing over $100 million to enhance the efficiency and production capabilities of its Indianapolis facility. The investment will enable the company to increase the production of texture-based ingredients and introduce new offerings to its product portfolio. Ingredion…
-
Breaking News: The world’s largest meat company, JBS, is making a bold move into the egg industry with a strategic merger in South America. JBS announced on Monday its acquisition of a 50% stake in Mantiqueira Brasil, a major egg…
-
Dive Brief: Alico Inc, a major orange grower in the U.S., has announced its decision to exit the citrus industry due to the impact of hurricanes and plant diseases on its Florida production. The company, a supplier to Tropicana, will…
-
Key Points: Louis Dreyfus is set to acquire BASF’s Food and Health Performance Ingredients Business, expanding its presence in the plant-based space. The acquisition includes a production facility in Germany and three labs, with 300 BASF employees transitioning to Louis…
-
Post Holdings Faces Egg Supply Challenges Amid Bird Flu Outbreak Post Holdings, a major player in the consumer foods industry, recently revealed that an outbreak of bird flu at one of its subsidiaries, Michael Foods, has significantly impacted its egg…
Newer Posts