Hormel Foods strikes $850m deal to buy premium deli meat brand Columbus
Hormel Foods has struck an $850m deal to buy premium deli meat and salami company Columbus Manufacturing, Inc from Chicago-based Arbor Investments.
Archives for October 31, 2017
Cargill adds EpiCor to ingredients stable
Cargill has moved to purchase the parent company of Embria, makers of EpiCor, a major immune health ingredient.
$125m CircleUp fund will take ‘human bias’ out of early stage CPG investments
CircleUp has announced CircleUp Growth Partners, a new $125m venture fund targeting early-stage consumer brands that utilizes a machine learning platform called Helio claimed to enable more data-driven investment decisions.
Califia Farms balances demands for sugar reduction with desire for a touch of sweetness
As the war on sugar gains momentum, plant-based beverage company Califia Farms is cutting back the sugar content across its product portfolio by 40% while still offering consumers who want something sweet options that are more in-line with World Health...
Kellogg and Conagra Brands invest in Chicago food incubator to fuel organic snacks growth
Kellogg and Conagra Brands have confirmed they are the only CPG investors behind Chicago-based food incubator The Hatchery, which is moving to a new location.
FDA issues black licorice ‘overdose’ warning before Halloween
Eating two ounces of black licorice a day for at least two weeks could land a person older than 40 years old in the hospital with an irregular heart rhythm, the US Food and Drug Administration (FDA) warned the day before Halloween this year.
Smithfield taps into China’s huge online market
US pork processor Smithfield Foods has penned an exclusive deal to sell meat on Chinese website JD.com, expanding its presence in the world’s largest consumer market.