Uncertain times require warp-speed decision making from company leaders
April 21, 2020
The CPG industry has never been under more pressure as it faces a global pandemic, an impending recession, soaring unemployment, ubiquitous social distancing and unparalleled consumer fear across the US.
Wixon announced two new hires for its industrial ingredients division—Rob Kerfin for a newly created position of business development manager and Lori Paslaski, for a sales position focusing on Midwestern states. Both positions will report to Terry Yakes, the division’s director of sales.
General Mills and its Foundation enable 5.5 billion meals, commit to advancing regenerative agriculture
April 21, 2020
General Mills released its 2020 Global Responsibility Report, highlighting progress made on the company’s long-term global commitments. The annual update, which marks 50 years of reporting for the company, outlines significant progress against and investments in four priority areas: Food, Planet, People and Community.
The round was led by DSM Venturing BV, the venture capital arm of DSM
April 20, 2020
The company will increase its capability to perform turnkey direct to consumer fulfillment with investments in new hardware and an ERP system to help support growth.
Daniel Warzinski to take on role as sales account manager
April 20, 2020
AIDP, Inc. announced the addition of Daniel Warzinski as a sales account manager for the northeast. Warzinski previously held various industry positions for the past 10 years and has expertise in both selling to the dietary supplement and sports nutrition markets.
At the onset of the coronavirus pandemic in the US, grocery shopping behavior changed seemingly overnight. The question for many retailers and manufacturers is how the current crisis will impact future shopping behavior once the country returns to a new normal.
Specialty Food Association pivots to help members through COVID-19
April 13, 2020
The Specialty Food Association's (SFA) 66th annual Summer Fancy Food Show scheduled for June 28-30 at the Jacob Javits Center in New York will not take place as planned due to events outside SFA's control - notably the national and global response to the COVID-19 pandemic, including travel restrictions, and the Javits Center's critical service in fighting the pandemic that impacts the facility's availability.
Company purchases 175,000-sq-ft facility in Effingham, Ill.
April 10, 2020
Continental Mills, Inc., the maker of premium baking, breakfast and snack brands, including the beloved Krusteaz speed-scratch mixes and others, purchased a 175,000 square foot facility in Effingham, Ill., located adjacent to its existing manufacturing facility in Effingham.
Grecian Delight is a leading manufacturer and marketer of Greek and Mediterranean inspired cuisine
April 9, 2020
Entrepreneurial Equity Partners, a Chicago-based private equity firm focused on the food and consumer packaged goods industries, announced that Kronos Foods, one of e2p’s portfolio companies, has reached an agreement to merge with Grecian Delight Foods, Inc., a Parthenis family business. Financial terms of the transaction were not disclosed.
Transaction benefits customers, drives growth synergies and significant savings for both companies
April 9, 2020
Ingredion Incorporated and PureCircle Limited have reached an agreement on the terms for Ingredion to acquire a controlling 75% stake in PureCircle, one of the leading producers and innovators of stevia sweeteners for the global food and beverage industries. Ingredion is a leading global provider of plant-based ingredient solutions to diversified industries.