Exciting News: Danone Acquires Majority Stake in Kate Farms Yogurt leader Danone announced on Monday that it has agreed to acquire a majority stake in Kate Farms, a renowned producer of plant-based nutrition shakes. This strategic acquisition will enhance Danone’s…
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Key Points: Hain Celestial is in search of a new CEO following Wendy Davidson’s departure. The company is conducting a comprehensive review of its portfolio to enhance value. Despite its focus on healthier foods, Hain has seen a decline in…
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PepsiCo CEO Ramon Laguarta announced that the company will be expediting its shift towards natural ingredients in response to growing consumer demand and pressure from the White House to eliminate artificial colors from foods. Laguarta revealed during PepsiCo’s first-quarter earnings…
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Welcome to our Blog! Exciting news in the snack industry as Hershey announces its intent to acquire LesserEvil, a brand known for its organic snacks with bold flavors and better-for-you ingredients. The deal, valued at approximately $750 million, is another…
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Food News
The Weekly Sip: Monster’s bet on alcohol stumbles | Sparkling Ice maker pops into prebiotic soda
Welcome to our Beverage Buzz column, where we bring you the latest news and updates from the ever-evolving world of beverages. From new product launches to industry trends, we’ve got you covered. Monster Faces Setback with Alcohol Impairment Charge Energy…
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The CEO of Mondelēz International, the company behind Cadbury, is optimistic that consumers will continue to indulge in chocolate despite rising cocoa prices leading to higher costs for the popular treat. Chocolate manufacturers have raised prices significantly due to supply…
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Ball Expands Manufacturing Operations in Southeast and Northwest During an earnings call on Tuesday, Ball Corporation announced plans to expand its manufacturing presence in the Southeast and Northwest regions through a combination of acquisition and new buildout. One of the…
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Key Highlights: Hormel Foods CEO James Snee to retire after nearly four decades with the company at the end of fiscal year 2025. A search committee has been formed to find a successor for Snee, considering both internal and external…
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Summary: The Department of Labor discovered that Dean Sausage Co.’s meat processing facility in Atalla, Alabama repeatedly violated safety standards, exposing employees to unsafe working conditions over the past three years. Recent citations from the Occupational Safety and Health Administration…
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Summary: Danone, a dairy giant, has increased its offer to acquire the remaining shares of kefir products maker Lifeway Foods for approximately $307 million, or $27 per share. This offer comes after Danone’s initial proposal of $283 million, or $25…