Tyson Foods Inc. will acquire packaged food business AdvancePierre Foods Holdings in a deal valued at $4.2 billion. Tyson also said it is looking to sell its Sara Lee Frozen Bakery, Kettle and Van's units to focus more on its meat- and protein-based categories.
Chris Reed has resigned from the CEO role at the beverage company he founded and will now serve as chief innovation officer. Coca-Cola vet and Reed's Inc. Director Stefan Freeman has been named the company's interim CEO.
Some 58% of consumers shop for products that include humane treatment claims such as free-range, humanely raised or cage-free, according to new research from Packaged Facts. Food brands should display their animal welfare practices on packaging and capitalize on non-meat alternatives that appeal to consumers who are seeking more plant-based options, said Packaged Facts.
Frito-Lay's latest packaging innovation features a music player based on a vintage cassette deck that plays the entire "Guardians of the Galaxy Vol. 2" soundtrack straight from a Doritos bag. The melodious Doritos package is rechargeable and features music from the Marvel film, including such artists as Fleetwood Mac, Cheap Trick and George Harrison.
TreeHouse Foods is selling its Soup and Infant Feeding unit to newly-formed firm Riverbend Foods. "This strategic transaction allows us to simplify our business and concentrate our efforts toward more dynamic categories that support our customers' corporate brand initiatives while offering consumers the best balance of both quality and cost," said TreeHouse Foods CEO Sam Reed.
Americares partner Nestle Waters North America will soon deliver its 10 millionth bottle of water to people affected by US natural disasters and humanitarian crises. "It is about giving back and being good stewards in the community, more than it being about brand and company recognition," said Nestle Waters' Kevin Cleary.
PepsiCo recently recruited comedian and actor Paul Scheer and top-notch bartender Pam Wiznitzer to help serve two new flavor varieties of its 1893 soda line at an event in New York City.
International growth and innovative products from key brands will be important for Bazooka in the future, according to Bazooka Candy President Tony Jacobs. "Our target is to be growing double-digit, so we want to be up 10% at least [in the US], and international markets significantly more than that, about 15% to 20%, and it varies by country," said Jacobs of the company's growth goals.
Mentos has launched a line of swimwear and windbreaker jackets in Italy. The brand, Yes I Am for Mentos, was developed through a partnership with fashion brand Yes I Am and launched at a party hosted by Milan concept store M Collective.
Project 7 has partnered with Weight Watchers after noticing that many fans of the gourmet gum brand were discussing their weight loss goals on social media. As part of the partnership, Project 7 gum will feature SmartPoints and Weight Watchers' universal product codes on its packaging, while Weight Watchers will stock eight flavors of the company's gum at its US-based meeting centers.
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