Grocers are under renewed threat as online retailers ramp up their food options. But traditional food stores still have a vital card to play: freshness. To date, the vast majority of online competitors have focused on dry goods and non-food. Now – led by Amazon Fresh – they are launching an assault on fresh food.
Millennials might be perpetually young in the public’s perception, but the group now ranges in age from 21 to 35 and their dining needs are as diverse as their life stages, writes Datassential’s Mike Kostyo. Still, a survey reveals some common traits: Millennials are more likely than other groups to dine out and order in, especially at lunch, and they’re looking further afield for new grocery options.
Hispanic shoppers buy significantly more natural, organic and better-for-you items than the overall US population, which suggests manufacturers in the space could generate even higher sales by targeting the demographic, according to new research from the full-service marketing firm Acosta.
US retail sales of packaged foods are estimated to increase by an “anemic” 1.2% in 2017, predict analysts at market research provider, Euromonitor International. FoodNavigator-USA caught up with Jared Koerten, lead analyst, and Dewey Warner, research analyst, to delve into a few key categories.
Tyson Foods acquired Original Philly Holdings, a producer of Philly-style sandwich steak and cheesesteak appetizer products. The company operates two plants in Philadelphia, PA, and the deal will help expand its distribution footprint.
Vestar Capital Partners will acquire Nonni’s Food Group from Wind Point Partners. Nonni’s produces artisanal cookies and baked snacks, and the deal will help the company develop customer relationships, enter new channels and introduce new products.
Evans Food Group acquired Gaytan Foods Inc., a pork rind producer. Evans’ parent company Wind Point Partners will continue growing the Evans platform through a combination of organic growth, innovation and complementary acquisitions.
Germany-based Freiburger will acquire Richelieu Foods for $435 million. Richelieu is a producer of private label frozen and deli pizza, as well as sauces and dressings. The company operates out of five facilities, reported ACQ5.
Nestle will acquire Chameleon Cold-Brew, a producer of organic cold-brew concentrates and ready-to-drink products. The deal will support Nestle’s expansion strategy for the coffee market.
The acquisition aligns with DFA’s strategy to expand its commercial investments and ownership to include extended shelf life processing. Innovation Foods LLC is not included in the transaction.