Summary: B&G Foods has divested two of its tomato brands to a private equity company as part of its strategy to reduce debt and streamline its portfolio. Violet Foods, a newly established entity under Amphora Equity Partners, will take over…
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portfolio
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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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General Mills has maintained its progress in making its entire packaging portfolio recyclable or reusable at 93% in fiscal year 2024, the same rate reported the previous year. The company has set a target to achieve 100% recyclable or reusable…
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Dive Brief: Unilever acquired The Vegetarian Butcher in 2018, experiencing significant growth and expanding globally to over 55 markets. However, under new CEO Fernando Fernandez, Unilever is streamlining its portfolio, leading to the decision to sell The Vegetarian Butcher. The…
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Food News
The Weekly Sip: Duckhorn Portfolio names new CEO | Odwalla reemerges with new juices, smoothies
Welcome to The Weekly Sip, Food Dive’s column dedicated to the latest news in the dynamic and expanding beverage industry. From exciting product launches to major investments and trending topics, this column aims to keep you updated on all things…
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Dive Brief: Butterfly, a private equity firm, has announced its acquisition of the Duckhorn Portfolio luxury wine company for $1.95 billion in cash. After the transaction, Duckhorn will remain operational under its current name as a privately held company based…
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Exciting Acquisition: T. Hasegawa USA Expands Flavor Portfolio with Abelei Flavors On September 3, T. Hasegawa USA made a significant move by acquiring Abelei Flavors, enhancing its flavor offerings in North America. This strategic purchase further solidifies T. Hasegawa’s position…
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Campbell Soup is set to undergo a major transformation by dropping “soup” from its name to reflect its diverse product offerings. The company, known for its iconic soups, is expanding into chips, sauces, cookies, and beverages. Shareholders will vote on…
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Amid rising inflation and financial pressures on U.S. households, PepsiCo has announced plans to reduce prices on select snacks to cater to value-conscious consumers. The food and beverage giant, known for brands like Fritos, Doritos, and Pepsi, highlighted the shift…