B&G Foods, Inc. has acquired the McCann’s Irish Oatmeal brand from TreeHouse Foods, Inc. for approximately $32 million in cash, subject to customary closing and post-closing adjustments.
Small, medium and large companies are all looking at buying and selling opportunities. Merger and acquisition mania in the convenience and gas (C&G) sector remains very strong.
Walmart has signed a five-year deal with Microsoft that will integrate the tech company’s cloud-based solutions, artificial intelligence and machine learning tools into the retailer’s systems. The goal is to make digital shopping faster and more efficient and stay competitive with Amazon.
In this special “Tobacco Deep Dive” report we present exclusive data and analysis of the cigarettes and other tobacco products categories that will help c-store retailers stay on top.
The conventional snacking market declined 2% annually over the past three years, while “health and wellness” snacking grew 6% annually, according to Mintel and SPINS. Mintel estimates this was driven by outsized growth from fresh snacking which increased 8% annually. The percentage of fresh snacking product launches in the U.S. increased by about four times between 2008 and 2017.
The sports nutrition market is no longer a niche sector. Rather, these specialty products are designed for appealing to a mass-market health-conscious lifestyle. Today’s shoppers seek out varied food formats — including baked goods — to get the nutrients they need to perform at their best.
ThinkThin has launched its first line of Protein & Probiotics Hot Oatmeal. The shelf-stable product provides a hot breakfast option complete with 1 billion CFUs of live probiotics to support overall wellness, 6 grams of fiber to help support digestion, and the benefit of 10 grams of protein to help provide satiety and energy to start the day.
J.M. Smucker has introduced new peanut-powered snacks under the Jif brand: Jif Power Ups Chewy Bars and Jif Power Ups Creamy Clusters. Both are made with peanuts as the first ingredient, as well as no high-fructose corn syrup.
US venture capital firm Halen Brands has launched a range of cauliflower-based snacks under its From The Ground Up brand. From The Ground Up is a vegan line of cauliflower-based crackers and pretzels that also feature cassava flour and vegetable blend powders.
Target’s One-Day sale appears to be a test of the retailer’s omnichannel capabilities ahead of the holiday season. The company held a One-Day sale in response to Amazon’s Prime Day, with day-long deals on a broad assortment of Target-exclusive brands and top national brands.