Processor of the Year 2017: Pinnacle Foods

Pinnacle Foods’ story reads like the shows on home improvement channels. Metaphorically, the company began as HGTV’s “Fixer-Upper” and “House Hunters,” then segued into “Income Property.” With recent independence and a new strategy going forward, it’s switching channels to DIY’s “This New House,” maybe even “Dream House.”

Read full post here.

Andrew Jacobs Becomes COO of Hostess

Andrew Jacobs, who has been Hostess Brands Inc.’s executive vice president and chief commercial officer, has been promoted to EVP and chief operating officer. It could be a step toward becoming CEO when Bill Toler retires early next year.

Read full post here.

Ocean Spray Modernizes Cranberry Juice

Ocean Spray, an agricultural cooperative owned by more than 700 cranberry farmers, has been busy rolling out new cranberry juice products. Three new beverage lines are:

  • Ocean Spray Organic 100% Juice Blends
  • Ocean Spray Pure Cranberry (Unsweetened) 100% Juice
  • Ocean Spray Mocktails

Read full post here.

Mars Invests in Kind, Third-Largest Maker of Snack Bars

Mars, Inc., McLean, Va., known for confectionery brands like M&M’s and Snickers, plans to announce that it will buy a minority stake in Kind, New York, the maker of wildly popular snack bars, according to a report in The New York Times.

Kind says it will remain independent and still be led by founder and CEO Daniel Lubetzky. Valued at more than $4 billion, the Kind deal marks a significant valuation for one of the most prominent food brands on store shelves in recent years. The move will likely help both companies develop their product portfolios and allow Kind to expand into new worldwide markets.

Read full post here.

Unilever to Acquire Tazo from Starbucks

Unilever p.l.c. says it will buy the Tazo brand from Starbucks, a key brand in the burgeoning specialty tea category in a deal worth $384 million. Under the asset purchase agreement, Unilever will acquire the Tazo brand and all related intellectual property, signature recipes and inventory. Starbucks purchased Tazo in 1999 for $8.1 million.

Read full post here.