When IFF merged with the former DuPont Nutrition & Biosciences last year, it formed a vast mega-corporation capable of addressing various sectors within food, fragrances, ingredients, and chemicals. Since the merger, IFF has focused on integrating the new segments while divesting those that do not align with its business objectives, such as microbial controls and … Read more
Throughout 2022, even as companies faced challenges such as inflation and supply chain issues, senior executives maintained a focus on acquisitions to strategically position their organizations for future success. For many buyers, acquiring an established brand or company that has already been tested in the consumer market offers a quick path to enter a new … Read more
While Kodiak Cakes has established its reputation through its signature whole grain pancakes and waffle mixes, the new CEO Valerie Oswalt is confronted with a significant challenge: persuading consumers that the brand offers more than just these products. Oswalt, who took over from co-founder and former CEO Joel Clark just two months ago, noted that … Read more
A recent report indicates that cocoa companies striving to enhance the sustainability of their supply chains must fundamentally alter their business models to ensure farmers receive higher incomes, thereby achieving true sustainability. The Cocoa Barometer report, published last month by the nonprofit organization Voice Network, highlights several factors intensifying the environmental and human rights challenges … Read more
When Benson Hill launched its Fresh and Ingredients segments, it was logical for the company to pursue two main avenues for product development and commercialization. However, over the past two years, it has become clear that the company’s strongest potential lies within its ingredients business. A year ago, Benson Hill introduced its TruVail non-GMO soy … Read more
Kind is looking to expand its presence in the granola market. The snack company, renowned for its popular bars, is introducing Soft Baked Granola Clusters. This new product, available in Dark Chocolate Peanut Butter and Dark Chocolate Chunk flavors, is crafted from 100% whole-grain oats along with ingredients like dark chocolate, creamy peanut butter, and … Read more
In response to a question regarding mergers and acquisitions during Kerry’s latest earnings call in October, CEO Edmond Scanlon stated that he would describe their pipeline as “continuing to be quite active.” Naturally, many investors and analysts were likely curious about the companies that Kerry was considering for acquisition. Back in 2020, the company expressed … Read more
Consumer packaged goods (CPGs) are persistently seeking methods to enhance the nutritional quality of their food offerings. For Kellogg, the inclusion of vitamin D serves to add a valuable and sought-after nutrient to products such as cereal, which have historically faced perceptions of being unhealthy. The company last updated its vitamin D fortification in international … Read more
Rob’s Backstage Popcorn has introduced a new product in partnership with Grammy-winning artist Kelly Clarkson, named Kelly’s Classic BBQ. The brand, which is co-owned by pop band the Jonas Brothers and The Naked Market, made its retail debut last year. This collaboration stemmed from the brothers’ appearance on Clarkson’s talk show last April when they … Read more
With Roxie, Molson Coors is embracing several trends that reflect a shift in consumer beverage preferences. The company announced its intention to create a drink for those who opt not to consume alcohol, aiming to replicate what one might order at a bar. Molson Coors collaborated with bartenders and mixologists, along with beverage incubator L.A. … Read more