PepsiCo launches pep+ to guide renewed focus on sustainability, healthy foods

USA – American snack and food beverage giant PepsiCo has launched a new strategic plan dubbed pep+ (“pep positive”) which is aimed at refocusing the company’s key strategic goals around sustainability and production of healthier foods.  According to a statement from the company, the pep+ will guide how PepsiCo improves its business operations, from sourcing ingredients using regenerative agriculture, to manufacturing, packaging, and selling its products in a more circular way.  Under the new strategy, the maker of Lays and Doritos snack brands also plans to prioritize more on chickpeas,…

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Kroger partners Instacart to launch 30-minute delivery service as Zomato shutters grocery delivery service

US –  American retail company Kroger is teaming up with Instacart on a new delivery service that can get grocery items to customers in as little as 30 minutes.   Called Kroger Delivery, the service will offer customers up to 25,000 items to choose from and is targeting to reach up to 50 million homes, the company said in a statement.   Kroger which boasts of more than 2,700 stores, will offer the service for its namesake stores as well as Ralphs, Fred Meyer, King Soopers, Fry’s, Mariano’s, and Smith’s locations.  Chairman and CEO Rodney McMullen noted that the fast delivery will help the…

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Coca-Cola’s Odwalla brand finds new owner a year after discontinuation

USA – The Coca-Cola Company has offloaded the rights to Odwalla brand to Full Sail IP Partners, a Warburg Pincus-backed investment firm that acquires brands. According to reports by Reuters, the deal does not include production and delivery of the juice and smoothie offering. The move, according to Full Sail IP Partners, a joint venture between Warburg Pincus and brand licensing consultant LMCA, is aimed to revive the juice and smoothie label that the soft drinks giant discontinued last year. The company plans to popularize Odwalla, which was founded in…

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Benson Hill to acquire US soy crushing operation to scale plant-based protein ingredients

USA – Food tech company Benson Hill has agreed to purchase a soybean crushing facility from Indiana-based Rose Acre Farms, as it looks to expand its ingredients infrastructure. The investment is part of plans to scale the production of soybean products, including Ultra-High Protein soybean ingredients. The deal which is subject to customary closing conditions and is expected to close by the end of this month, will be funded through the expansion of Benson Hill’s debt facility with Western Technology Investment. Describing it as “a significant milestone,” Benson Hill revealed…

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FrieslandCampina CEO Schumacher named new Global Dairy Platform Chair, Anheuser-Busch shuffles leadership team

USA – Global Dairy Platform (GDP), a not-for-profit industry association representing the international dairy sector, has announced the appointment of Hein Schumacher, Chief Executive Officer of Royal FrieslandCampina, as Chair of its Board of Directors. GDP membership, which includes more than 95 leading corporations, companies, associations, scientific bodies and other partners, has operations in more than 150 countries and collectively produces approximately 1/3 of all the world’s milk. Schumacher succeeds Rick Smith, President and Chief Executive Officer of Dairy Farmers of America, who completed a four-year term as GDP Chair.…

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Sonae acquires Gosh! Food owner for US$89m as Kellogg spends $45m in supply chain optimization

UK – Sonae Food4Future, a subsidiary of Portugal-based Sonae, is expanding its international footprint with the acquisition of Claybell, the owner of vegan and free-from brand Gosh! Food.   According to a report by FoodBev, Sonae spent around £64 million (about US$89 million) for a 95.4% stake in the UK food company.   UK-based Gosh! Food portfolio includes a range of vegan and free-from products, including bites, sausages, and burgers, both sold through the Gosh! Brand.  The company is also a private label partner to customers in the retail and foodservice channels. For the…

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JBT-Avure enhances efficiency, versatility of high-pressure pasteurization with launch of FlexiBulk

US – JBT-Avure, formally known as JBT Corporation, has unveiled a new bulk high-pressure pasteurization (HPP) technology aimed at enhancing the efficiency of the pasteurization process.   Known as FlexiBulk, the new technology boasts fill speeds of up to 55 gallons per minute. The machine HPPs both individually packaged products, and food and beverage bulk products, simultaneously.  With FlexiBulk, filling and unfilling is done outside the HPP press, resulting in the FlexiBulk being able to fill bags, in baskets, while other bags are being pressed and unfilled.   The new technology also has an added advantage…

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Impossible Chicken Nuggets debuts in US restaurants as USDA seeks comments on labeling of cell-based meat

US – Plant-based Impossible Chicken Nuggets have made their first debut in the US consumer market, launching in some restaurants across the United States as the company gears up for  a retail distribution later this month.  The nuggets are soy-based with sunflower oil, and do not use any of Impossible Foods’ plant-based heme — the company’s signature ingredient that gives meat its distinctive taste.   Impossible Chicken Nuggets have 40% less saturated fat and 25% less sodium than animal-based chicken nuggets, the company says.   They also do not use titanium dioxide,…

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Lactalis sells leading US feta cheese brand Athenos to Emmi Roth

USA – Lactalis Group, the world’s largest dairy company, is selling its US feta cheese manufacturer Athenos to Emmi Roth USA, a business unit of the Emmi Roth Group.  Athenos has an extensive presence in the US retail and foodservice sectors and generated approximately US$90 million in sales in 2020.  Lactalis Group acquired the Athenos business as well as several other cheese brands this past September from the Kraft Heinz Co. in a US$3.2 billion transaction.   Antitrust regulators in the United States raised concerns about some aspects of the…

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Mondelēz debuts US$2.4B Green Bond Offering as Kraft Heinz pays SEC US$62m for accounting irregularities

USA – American multinational snack and food company Mondelēz International, Inc., has debuted the group’s first green bond, whose proceeds will be used to support the company’s key sustainability initiatives.   According to Mondelēz, the €2.0 billion (US$2.4 billion) bond will be the largest ever green bond in the Packaged Foods and Consumer Goods Industry.   The green bond issued by Mondelez International Holdings Netherlands B.V., a wholly-owned subsidiary of Mondelēz International, Inc., consists of €650m of 0.250% notes due September 2029, €650m of 0.625% notes due September 2032, and €700m of…

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