“Clint’s background and experience will serve him and the team well as they work to grow our Golden Peanut and Tree Nuts business,” said Greg Morris, ADM senior vice president and president, Oilseeds.

Pirate’s Booty is a fast-growing brand in the more than $2.5B cheese puffs category, with retail sales up over 8% on a year-over-year basis, and a market leader for consumers seeking snacks with clean labels and no artificial flavors, colors or preservatives.

The centerpiece of this expansion is the unparalleled Innovation Center, which provides Puratos’ customers with access to the very latest industry equipment, expertise and training, as well as in-depth research into international trends.

According to the FDA, most Americans exceed the recommended limits for added sugars, consuming more than 13% of total calories (~270 calories)/day from added sugars.

Most recently, Slavtcheff served as vice president, R&D for Campbell Snacks and International. Prior to that he was vice president, R&D for the Global Biscuits and Snacks division, a position he has held since 2015.

Briess received the recognition for its Seed to Specialty sustainability program which focuses on the environment, communities and people from seed to finished product.

Cavallo is an accomplished food and beverage industry executive with a global business scope that includes extensive experience in the flavor, extract, food ingredient and specialty chemicals segments.

The portfolio of acquired brands includes the exclusive US rights to the Pillsbury® branded shelf-stable baking and dessert products and use of the iconic Pillsbury Doughboy in these categories.  Also included in the company's portfolio is the Funfetti®, Hungry Jack®, White Lily®, Jim Dandy® and Martha White® brands. 

As part of the new management structure, Serventi will oversee the business globally in his new role as CEO. Bisterzo will continue to be actively involved in the business as the Chairman and Founder overseeing brand marketing, innovation and the company’s charitable work.  

The agreement significantly strengthens Nestlé’s coffee portfolio in the North American premium roast and ground and portioned coffee business. It also unlocks global expansion in grocery and foodservice for the Starbucks brand, using the global reach of Nestlé.