Perdue expects to introduce its Simply Smart Organics line of cooked tenders, strips and nuggets at about half the cost of comparable organic products. The company has an existing line of Simply Smart chicken products, but the new organic-certified items will debut in October.
KP Tissue Inc. and Kruger Products L.P. announced its plan for a capital investment of $575 million to build a new, state-of-the-art tissue plant featuring Canada’s largest and most modern through-air-dry machine.
Washington-based dairy-farmer cooperative Darigold will upgrade its flagship plant for $100 million. In addition, it plans to add new sales offices in Mexico and Asia, targeting the appetites of a growing global middle class. The cooperative’s export volumes ramped up over the last five years, as it sends upward of 40% of its production to customers in 20 foreign markets.
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.