Sovos Brands to Purchase Rao’s Specialty Foods

Sovos Brands, a new food and beverage company formed by Advent International private equity investors, has agreed to acquire Rao’s Specialty Foods, Inc., New York. The deal should be completed in the third quarter of this year. Advent formed San Francisco-based Sovos to purchase and build one-of-a-kind brands to establish a scale player in the consumer packaged goods (CPG) industry.

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Move Over Coffee Cake, there’s a Coffee Snack Bar in Town

Founded by a couple of coffee-deprived college students at Northeastern University in Boston, New Grounds Food is rolling out Eat Your CoffeeBar, a new concept in caffeine-focused natural foods. The caffeinated energy bars are infused with a full cup of real coffee (with no synthetic caffeine). Every bar is made with whole ingredients and is organic, vegan and gluten free.

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Clorox Leverages Technology on Speedy Path to Purchase

Digital and mobile commerce allows consumers to go from planning mode to purchasing in a matter of seconds, while auto-replenishment keeps them locked into buyer mode and can shut competing brands out.

CPGs must adapt to the way technology is affecting the retail landscapes if they want to stay relevant, said Tiffany Tan Kohler, associate director, marketing communications, Clorox Co., in September during a session at the Path to Purchase Expo.  “Having really compelling shopper marketing is absolutely critical.”

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Nestle updates frozen food offerings

IMG_1906-30As part of its new business strategy, Nestle is updating its frozen food category to meet consumer demand for foods with healthier, simpler ingredients and to tap into culinary trends. The company is introducing a line of Lean Cuisine products including a gluten-free, no-preservative ranchero braised beef, and plans to launch a digital marketing campaign featuring its “freshly made, simply frozen” slogan.

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Infographic: What’s hot and not in 2015

Insects and tater tots are so 2014.

Housemade condiments, upscale children’s meals and artisan butchery are among the next big menu trends next year, according to the National Restaurant Association’s annual What’s Hot culinary trends forecast. The list is based on a survey of nearly 1,300 professional chefs and members of the American Culinary Federation.

 

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Sale, acquisition give Snyder’s-Lance a Q2 boost, CEO says

IMG_1892-16The second quarter marked “a key turning point” for Snyder’s-Lance, following the company’s acquisition of Baptista’s Bakery and its sale of its private-label division, Snyder’s President and CEO Carl Lee said. “But even more important we’ve been able to continue to execute our strategic plan and achieve a couple of milestones that we truly think are noteworthy and really reposition our company for extended growth and a very bright future,” he said.

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