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Courtesy of MyForest Foods


INSIDE MYFOREST FOODS’ STRATEGY TO MAKE MYCELIUM BACON SIZZLE

Research, ingenuity and inspiration to “do something useful” are leading the
up-and-coming startup to eventually grow 3 million pounds of mushroom roots a
year at its Swersey Silos facility. Read more ➔


TOP STORIES


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 2. MONDELĒZ INTERNATIONAL TO SELL GUM BUSINESS FOR $1.35B


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 4. HAIN CELESTIAL TO SELL ITS WESTBRAE NATURAL BRAND TO BUSH BROTHERS

 5. Column
    
    
    LEFTOVERS: NEW KELLOGG TREATS MAKE WINTER SWEET; STONY CREEK AND BIGELOW TEA
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THE LATEST

 * 
 * Courtesy of B&G Foods
   
   
   B&G FOODS TO SELL BACK TO NATURE BRAND TO BARILLA AMERICA
   
   CEO Casey Keller said the sale is part of the company’s portfolio focusing
   effort, and can help reduce long-term debt. Terms of the deal were not
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   Finances and Deals
 * Permission granted by The Ibotta Performance Network
   Sponsored by The Ibotta Performance Network
   
   
   2023 FORECAST: THE ACCELERATED RISE OF PRIVATE LABEL
   
   Economic weakening, fluctuating consumer behavior, and the latest rise of
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   Packaging / Labeling
 * Courtesy of Ben & Jerry’s
   
   
   UNILEVER SAYS BEN & JERRY’S ISRAEL BUSINESS LAWSUIT IS SETTLED
   
   The independent board affiliated with the ice cream brand filed the initial
   lawsuit during the summer, arguing the CPG company overstepped its authority
   by selling its arm in the Middle Eastern country.
   
   Manufacturing
 * Permission granted by Coca-Cola
   
   
   HOW COCA-COLA TURNS TO ITS FREESTYLE MACHINE TO CREATE SHELF-READY FLAVORS
   
   The CPG’s 50,000 dispensers, which pour more than 11 million drinks each day,
   have inspired four beverage creations that have made it to bottles and cans.
   
   Corporate Operations
 * 
 * Courtesy of Oobli
   
   
   OOBLI LAUNCHES PROTEIN-SWEETENED CHOCOLATE BAR
   
   The company, previously known as Joywell Foods, has three varieties available
   for online presale, all of which have 70% less sugar than traditionally made
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   Food Tech
 * Permission granted by Whole Earth Brands
   
   
   EQUAL SWEETENER OWNER WHOLE EARTH ANNOUNCES CEO TRANSITION PLAN
   
   The company’s board appointed member Michael Franklin to serve as its interim
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   Ingredients
 * Courtesy of Novozymes
   
   
   CHR. HANSEN WILL MERGE WITH NOVOZYMES IN A $12.3B DEAL
   
   The sale, which is expected to close in the fourth quarter of 2023 at the
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   Finances and Deals
 * Dimas Ardian via Getty Images
   
   
   INVESTORS PRESSURE FOOD COMPANIES TO SET CONCRETE DEFORESTATION PLANS
   
   Groups representing trillions of dollars in assets say CPGs must do more to
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   Manufacturing
 * 
 * Courtesy of Papa Pita Bakery
   
   
   FLOWERS FOODS BUYS PAPA PITA BAKERY FOR UNDISCLOSED AMOUNT
   
   With the purchase of the Utah company, the baking giant adds several regional
   brands to its portfolio, as well as a state-of-the-art manufacturing facility
   and distribution network.
   
   Finances and Deals
 * Courtesy of Mars
   
   
   MARS ENTERS PERFORMANCE NUTRITION WITH SNICKERS HI PROTEIN BARS
   
   The product has the same chocolate, caramel and peanut ingredients as the
   iconic treat, but 20 grams of protein and only four grams of sugar.
   
   Manufacturing
 * Courtesy of Poppi
   
   
   FUNCTIONAL SODA POPPI RAISES $25M
   
   The beverage maker also bulked up its C-suite by appointing former
   Anheuser-Busch executive Lana Buchanan as its chief marketing officer.
   
   Finances and Deals
 * Hispanolistic via Getty Images
   
   
   DROUGHT LEADS TO 80% JUMP IN VEGETABLE PRICES
   
   Prices from producers increased 38% in November, and could continue to be
   unstable if weather conditions don’t improve.
   
   Ingredients
 * Courtesy of NotCo
   
   
   NOTCO RAISES $70M TO MAKE ITS AI AVAILABLE TO OTHER COMPANIES
   
   The Chile-based company will build on its recent joint venture with Kraft
   Heinz to bring the power of its Giuseppe algorithm to an array of
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   Finances and Deals
 * Courtesy of Ynsect
   
   
   YNSECT PLANS US INSECT FARM AND PARTNERS WITH ARDENT MILLS
   
   The facility will produce more than 55,000 tons of ingredients a year, which
   the milling company will explore for use in healthy and sustainable food.
   
   Ingredients
 * Courtesy of Orbillion Bio
   
   
   ORBILLION BIO PARTNERS WITH SOLAR BIOTECH TO MAKE 4M POUNDS OF CULTIVATED
   MEAT A YEAR
   
   The startup making Wagyu beef, elk and lamb from cells is the latest in the
   food space to work with the biomanufacturing company.
   
   Food Tech
 * Courtesy of Equinom
   
   
   EQUINOM RAISES $35M FOR NEW NON-GMO PLANT PROTEIN INGREDIENTS
   
   The Israel-based company is nearly doubling its lifetime funding with this
   round and will use the money to get its precision-bred pea, soy and sesame
   ingredients to the market faster.
   
   Finances and Deals
 * Courtesy of Believer Meats
   
   
   BELIEVER MEATS BREAKS GROUND ON WORLD’S LARGEST CULTIVATED MEAT PLANT
   
   The company, formerly known as Future Meat Technologies, will be able to make
   at least 11,000 tons of cultivated meat in custom bioreactors once the North
   Carolina facility opens.
   
   Food Tech
 * Courtesy of General Mills, IHOP
   Column
   
   
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   The CPG giant and pancake restaurant joined forces for the breakfast
   offering, and Ben & Jerry’s teams up with award-winning director Ava DuVernay
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   Ingredients
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   PERNOD RICARD TO SPEND $250M BUILDING CARBON-NEUTRAL DISTILLERY IN KENTUCKY
   
   The spirits maker said the investment “doubles down” on the future
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   Manufacturing
 * Courtesy of Chobani
   
   
   CHOBANI BOLSTERS C-SUITE WITH HIRING OF CHIEF COMMUNICATIONS AND IMPACT
   OFFICER
   
   The appointment of insider Nishant Roy, who will oversee communications,
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   Corporate Operations
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   DEL MONTE TO DEBUT CARBON-NEUTRAL PINEAPPLES
   
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   Sustainability
 * Courtesy of C4
   
   
   KEURIG DR PEPPER SPENDS $863M FOR STAKE IN C4 ENERGY MAKER
   
   The beverage giant will own 30% of Nutrabolt with opportunities to increase
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   Finances and Deals
 * Courtesy of Bel Brands
   
   
   BEL BRANDS GETS INTO ANIMAL-FREE CHEESE WITH PERFECT DAY PARTNERSHIP
   
   The French company continues its embrace of alternative dairy by launching
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   Food Tech
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   IFF PLANS JOB CUTS AS PART OF COMPANY RESTRUCTURING
   
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   Finances and Deals
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   Finances and Deals
 * Courtesy of DSM Food & Beverage
   
   
   DSM DEBUTS CLEAN-LABEL CANOLA-BASED PROTEIN INGREDIENTS
   
   The ingredients manufacturer said its new offerings have textural benefits
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   Ingredients

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 3. How Coca-Cola turns to its Freestyle machine to create shelf-ready flavors
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WHAT WE’RE READING

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