Schwan’s Co. created Schwan’s Strategic Partner Solutions, a business unit focused on growing the company’s private-label and contract-packing businesses with select retailers and manufacturers. Pizza will be a focus for the unit, but other products will include ice cream, pies, snacks and appetizers, smoothies, sauces and aluminum packaging. Joe Pacinelli will lead the unit.
The food manufacturer is entering a crowded sector, with other players in the space including Gerber, Once Upon a Farm and Campbell’s Plum Organics.
Charcoal brand Kingsford has partnered with CBQ to launch a line of pre-cooked meats including ribs, beef brisket and pulled pork. The new line, which features hardwood-smoked meats, will hit grocery shelves in December.
Florida’s produce industry losses from Hurricane Irma will be grim, and vegetable crops near harvest in Moultrie, Ga., were also hurt, industry leaders contacted Sept. 12 said.
The protein giant didn’t disclose the size of the investment, but it was part of $17 million in funding that also included Richard Branson and Bill Gates. This is the first investment by a traditional meat company in the “clean meat” segment, where companies use cutting-edge cell-replicating technology to grow beef, poultry and fish from living animal tissue.
The nation’s largest private-label manufacturer also posted a 1.2% drop in sales during Q2 as the company’s CEO said the firm faced “adverse market conditions.”