Natural & organic industry sales 32% higher than five years ago, growth outpacing overall food and beverage market
October 10, 2016
While traditional value drivers—price, taste, and convenience—continue to be the most important influencers of consumer shopping behavior, Americans also weigh "evolving drivers"—health and wellness, safety, social impact, experience, and transparency—in their food purchasing decisions.
Grey Mountain’s growth capital to help Kronos better serve new and existing customers
October 7, 2016
Grey Mountain Partners (“Grey Mountain”) acquired Kronos Foods, Inc. (“Kronos”). Kronos is a Mediterranean food manufacturer and distributor, primarily serving the foodservice market.
Digital, print properties to be merged into BNP Media’s Beverage Industry publication
October 6, 2016
BNP Media has acquired Beverage World as well as its successful BevOps Fleet Summit. Through this acquisition, BNP Media will continue to produce and expand the BevOps Fleet Summit, while merging Beverage World’s digital and print properties into BNP Media’s Beverage Industry.
Cargill names Chuck Gitkin North America protein business chief marketing officer
September 22, 2016
Cargill has selected Chuck Gitkin, a veteran consumer packaged goods (CPG) and meat industry marketer, to lead its North America protein business marketing efforts in a newly created role as chief marketing officer (CMO), effective Sept. 19, 2016. He will also be a member of the Cargill Protein Group’s leadership team.
David Michael & Co. event showcases the work of more than 70 food scientists
September 22, 2016
David Michael & Co. recently held its Innovation Roadshow, which showcases more than 70 food scientists, flavor chemists, color engineers, chefs and technicians.
Food and beverage brands are increasingly launching products for consumption at particular times of day
September 16, 2016
Over a quarter of global consumers (27%) consider food and drink to be appealing if products are advertised for consumption at a specific time of day, according to research by consumer insight firm Canadean.
Nellson announces plans to relocate manufacturing facility in southern California
September 15, 2016
Nellson, a full-service nutrition bar and powder provider in, announced plans to replace its aging Irwindale, California operation with a new facility nearby. Nellson has secured a new site in Ontario, California and will invest $40-50 million to create a world-class production facility.
The transaction, funded from existing resources, is expected to add approximately $85 million in revenue in 2017
September 14, 2016
International Flavors & Fragrances Inc., an innovator of sensory experiences that move the world, announced that it has entered into an agreement to acquire David Michael & Company, Incorporated.