Posts by Carol Ortenberg
Today NextFoods Inc, the producer of GoodBelly Probiotics, announced the close of a $12 million round of funding led by 301 Inc, the venture arm of General Mills.
Whether it’s artisanal cheese or lab grown steaks, consumers are paying attention to where their food comes from and how it’s made — and the industry is taking note. Here’s the news you need to know about new categories, new growth and new endeavors in the natural food industry.
Last week artisanal pasta company Sfoglini announced the close of a $2.5 million round of funding. Investment group Almanac Insights led the round, with Fresh Source Capital and several individual investors taking part.
Large CPG brands are taking note of changing consumer preferences and realizing to stay relevant, they have to evolve. One big company making major changes is Tyson Foods. Long known as a poultry producer, Tyson has taken steps to shift towards protein as a whole, rather then betting the farm on one species.
Yesterday at NOSH Live Summer 2018, frozen baked good company Soozy’s announced it had closed a $2.5 million dollar round of funding.
Today, private equity investor Alliance Consumers Growth (ACG), announced an investment in greek yogurt snacking brand Clio. Sold in over 2,000 doors, Clio produces a chocolate dipped greek yogurt bar.
Over the past year meat producer Tyson has worked to diversify its portfolio into new categories, as well as tackle global issues of sustainability. Today the company announced the debut of ¡YAPPAH!, a line of “protein crisps” made from upcycled chicken breasts, juice byproducts and spent grain from Molson Coors.
Stone Brewing co-founder and executive chairman Greg Koch is moving beyond beer with the launch of with Nutista, an artisanal, stone-ground nut butter line.
The erstwhile jerky and condiment company announced today a new brand identity on the condiment side, which will also include five newly launched sauces. The new identity comes as the company recently completed a 60-day rollout into 2000 new stores and closed a capital round in March.
In a email to suppliers today, Whole Foods Market executives announced that the company will delay the rollout of its planned GMO Labeling Policy.