Latest
The latest sourced reporting across the consumer-products economy.
Ingredion strikes deal to buy Tate & Lyle for $3.6B
The combined company will generate nearly $10 billion in annual revenue and have a broad portfolio to address more consumer needs such as clean label and lower sugar.
Nestlé buys rest of ready-to-drink meals brand
The purchase of the remaining 51% of yfood Labs comes three years after the food giant’s initial investment, and will give Nestlé a bigger presence in healthier, portable offerings.
IFF to sell food ingredients business for $4.3B
The transaction with CVC Capital Partners marks the latest step by IFF to improve growth and boost profitability.
Tyson Foods hires Jeff Schomburger as CEO
The executive takes over for Donnie King, who has been with the meat and chicken processor for 43 years, including the last five as CEO.
Danone exits stake in Lifeway Foods
The dairy giant is selling off its shares in the kefir maker, ending a long and tumultuous relationship between the two companies.
Ingredion makes $3.7B offer to buy ingredients rival Tate & Lyle
A potential acquisition would expand Ingredion’s position in texture and mouthfeel.
Beyond Meat puts protein drinks at the center of turnaround plan
CEO Ethan Brown said it’s been acting as a “beverage company in hiding,” with a board of executives from Coke, Boston Beer and more.
Sara Lee owner to invest $1B in US business
Grupo Bimbo said the funding will support innovation and affordability efforts as the Mexico-based company expands its reach in one of its largest regions.
Activist investor ups pressure on Lamb Weston as french fry maker reaches ‘critical juncture’
Starboard said the food company has failed to restore investor confidence and show that it’s on a path toward “sustainable” growth.
Babybel parent buys Brainiac snacks to expand better-for-you portfolio
The acquisition comes as the GoGo squeeZ maker looks to expand its U.S. presence and become a leader in functional foods.
DOJ confirms antitrust investigation into top beef producers
A top official said the Justice Department is using “every law enforcement tool available to help reduce food prices.”
Molson Coors brings back Keystone Ice after 5 years
The beer maker is reintroducing the brand as it looks to improve its value offerings.
Jack Daniel’s owner ends merger talks with Pernod Ricard
A combination, which would have created a global spirits giant, broke down after Brown-Forman said it couldn’t come to agreeable terms with the Absolut maker.
Sazerac nabs minority stake in Kendall Jenner’s 818 Tequila
The investment continues a run of dealmaking for the spirits giant as it looks to appeal to the next generation of drinkers.
Laird Superfood buys better-for-you food maker Terrasoul for $48M
The acquisition, funded with the help of a private equity firm, is "a significant step forward” in building a superfoods and functional nutrition giant, Laird’s CEO said.
Sara Lee parent moves US headquarters to Texas
The relocation to Dallas will give Bimbo Bakeries USA a more centralized location and better position it to grow.
