business

Dive Brief: TreeHouse Foods Acquires Harris Tea for $205 Million Acquisition includes Harris Tea’s manufacturing facilities in New Jersey and Georgia, with 300 employees joining TreeHouse. TreeHouse’s strategic acquisitions and divestitures aim to improve margins and drive growth in the…

Key Highlights: Tyson Foods reported a strong finish to its fiscal year, with improvements in the chicken business offsetting ongoing beef challenges. Sales increased by 2% to $13.6 billion in the fourth quarter, driven by high demand for beef and…

General Mills has announced the expansion of its pet food business with the acquisition of Whitebridge Pet Brands’ North American premium cat feed and pet treats business, valued at $1.45 billion. The purchase will enhance the company’s position in the…

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…

Key Points: Lyons Magnus acquires Hormel Foods’ Health Labs division for undisclosed amount. Health Labs specializes in products for individuals with specific dietary needs, including dysphagia, malnutrition, diabetes, and cancer treatment. Hormel’s decision to sell Health Labs aligns with its…

The Origin Story of Blake’s Hard Cider Blake’s Hard Cider traces its roots back to a promise made by Gerald Blake to his wife Lovely after returning home from World War II alive. The promise was to leave the city,…

Exciting News from Nura! Nura, a California-based company, has recently introduced a range of innovative ingredient products to the market. These include Yestein Yeast Protein, Postbiotics EF-2001, beLP1, and the sweetener Madblend Stevia Extract Blend. The focus of these new…

Smithfield Foods Spins Out European Operations Smithfield Foods, Inc., announced on Tuesday that it will be spinning out its European operations in preparation for a public listing in the United States. The move is expected to create growth opportunities for…

PepsiCo Spin-Off Tropicana Poised for Growth Just three years after PepsiCo sold Tropicana and a portfolio of other smaller brands, a top executive said the spin-off is poised to accelerate growth for its drinks through innovation and expansion into new…

Maple Leaf Foods, a prominent Canadian food company, has announced its plan to spin off its pork division, leading to the creation of two distinct public companies. This strategic move aims to sharpen the focus of each entity, enabling them…