When Mondelēz International launched SnackFutures in 2018, it marked a significant step in the company’s journey to solidify its position as a leader in the snacking industry. Over the years, SnackFutures has shifted its focus from investing in new brands…
Tag:
investment
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Kraft Heinz has announced a $3 billion investment in its U.S. manufacturing facilities, marking the largest investment in its plants in decades. Pedro Navio, president of Kraft Heinz’s North America operations, revealed to Reuters that this investment could potentially add…
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Food News
Chobani makes biggest plant investment in its history by spending $500M to expand Idaho facility
Key Highlights: Chobani is investing $500 million in expanding its Twin Falls, Idaho facility to increase production by 50%. The timeline for construction has not been disclosed. The expansion will result in an additional 500,000 square feet of space and…
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Summary: Athletic Brewing recently closed a $50 million equity financing round led by General Atlantic and other investors, bringing its valuation to around $800 million, as reported by The Wall Street Journal. The nonalcoholic beer company plans to utilize the…