Sales
Snacking Giant Mondelēz Acquires Hu
Today snacking and confection powerhouse Mondelēz International announced it was acquiring Hu Master Holdings, the parent company of Hu Products. In 2019 Mondelēz took a minority stake in the company, which included a right of first refusal to acquire the company in an eventual sale. Hu will operate as a separate business, continuing to produce all products at current manufacturing facilities.
What We Know About the Stonyfield Farm Sale
The New Hampshire-based company’s owner, Danone, announced earlier this year its plans to sell Stonyfield, which saw 2016 sales of $370 million. The brand is proving to be a hot commodity for big food companies outside of the U.S.. This week’s headlines indicate that least two bids — one by Inner Mongolia Yili Industrial, another by Mexico’s Grupo Lala– have been placed for the organic yogurt maker.
Hunger for Holiday Food Gifting Leads to Boom in Sales
The season of giving for consumers can turn into a season of growth to most food brands. Especially if they’ve got Oprah’s blessing.
Organic Valley Passes $1 Billion Milestone
On Tuesday, December 22, CROPP Cooperative / Organic Valley reached a remarkable milestone: The farmer-owned cooperative surpassed $1 billion in sales. Founded in 1988, Organic Valley now has a membership of 1,800 farmers producing organic food in 35 states. It is the first billion-dollar organic-only foods company.