A few weeks after Keurig snapped up Dr. Pepper, Conagra Brands is buying Pinnacle Foods for approximately $10.9 billion, including Pinnacle Foods’ outstanding net debt.
Alina Morse, the 12-year-old founder of Zolli Candy, The After You Eat Treat, announced that she has expanded her 250k Smiles Program to 1 Million Smiles as her line expanded into 4,000 plus Walmart stores.
The new line is part of CEO Mindy Grossman’s efforts to position the company beyond its core focus of helping people shed pounds.
Economies of scale can be a double-edge sword. For a company with an efficient, optimized manufacturing base and supply chain it can generate substantial benefits.
Growth in the deli category is outstripping that of the rest of the grocery store by more than four times, and Hormel has launched a new deli division to capitalize on that demand, said CEO Jim Snee. “Our new deli division represents almost $1 billion in annual sales and will be the company’s next growth engine,” Snee said.
US retail sales of culinary coconut oil – a category demonstrating explosive growth in recent years – have continued to decline, according to new data from SPINS, with the strongest reversal of fortunes in the conventional (MULO) channel, where sales soared by 38.8% in 2015, but fell 5.2% in 2016, and sank 25.9% in 2017.
Chobani is offering a free cup of yogurt to everyone in the US to celebrate the brand’s tenth year as a national brand. “We have millions and millions of people buying our product and we want to invite more to come into our brand,” said CEO Hamdi Ulukaya.
The nut butter aisle has expanded well beyond the humble peanut in recent years, with almond, cashew and hazelnut options in many retailers. But walnuts present more of a challenge, says new market entrant Wellnut Farms.
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.