Investment arm, 301 INC, addresses founder gap through Fearless Fund and Supply Change Capital
April 15, 2022
The investments are part of General Mills’ commitment to standing for good and promoting racial and gender equity in representation through economic opportunity for minority and female food entrepreneurs.
The vertically-integrated snack company expands into a new category
April 13, 2022
LesserEvil, the better-for-you snack brand on a mission to make healthy, organic, less-processed, and sustainable snacks more accessible to everyone, announced that it has acquired a majority stake in Portland, Maine-based R.E.D.D. Bar.
Michael Lynch to take on role as chief executive officer
April 12, 2022
Nutiva, the pioneer of organic plant-based culinary products, and sister brand Coconut Secret, the leading brand of Coconut Aminos, are excited to announce the appointment of CPG industry veteran, Michael Lynch, as chief executive officer.
The company will invest $300 million to expand alternative protein production
April 12, 2022
ADM, a global leader in nutrition, announced that it will invest approximately $300 million to significantly expand its Decatur, Ill., alternative protein production, as the company continues to add capacity to meet strong demand growth. ADM will further enhance its alternative protein capabilities by opening a new, state-of-the-art Protein Innovation Center, also in Decatur.
The Layn Botanical Ingredient Library is an extensive online resource full of valuable information on a growing library of botanical extract ingredients and functions
April 12, 2022
Layn Natural Ingredients, one of the world’s largest innovators and manufacturers of natural botanical extract ingredients and solutions serving the biggest brands in food, beverage, flavor, nutraceutical, personal care, animals and pets, launched a free online botanical library and search tool to enable businesses to explore and learn about key botanical extract ingredients and solutions and easily map them to targeted applications and desired functions.
Q1 results finished less than 3% lower than a year ago as eGrocery continues to evolve
April 12, 2022
The Ship-to-Home segment experienced the largest sales contraction, plummeting over 30% in March compared to a year ago, from $2.1 billion to $1.4 billion. The decline was driven by a 13% reduction in the number of orders placed by Monthly Active Users combined with a 23% drop in the average order value.
The project will complete in Q4 2023 and double the company’s existing capacity
April 7, 2022
Bartek Ingredients commenced construction of a state-of-the-art, vertically integrated facility that will become the world’s largest malic and food-grade fumaric acid production plant.
The company officially broke ground on a gut renovation of a the 17,000sq-ft space that will enable it to reconfigure and better use its existing property
April 7, 2022
Since moving into its headquarters in 2014, Imbibe has added on several new capabilities to its portfolio. This includes its latest efforts to serve the frozen dessert market, the no and low alcohol and segments, and other sweet food categories that can benefit from sweetness modification, maskers, and other taste modulation tools.
IFT FIRST event and expo returns with new in-person, virtual experiences
April 4, 2022
The Institute of Food Technologists (IFT) announced its annual event will return both in-person and online with a new and improved lineup of content and programming. IFT FIRST: Annual Event & Expo, whose updated brand is an acronym for Food Improved by Research, Science and Technology, will take place July 10-13 at McCormick Place in Chicago.
New state-of-the-art Port Redwing Mill in Florida provides increased capabilities to service customers
April 4, 2022
Ardent Mills, a premier flour-milling and ingredient company, announced the opening of its brand-new state-of-the-art Port Redwing Mill in Gibsonton, Fla. The mill builds upon Ardent Mills' strategic growth plan by strengthening supply chain agility, increasing efficiency and product consistency, and expanding the ability to meet customer needs.