Consumer Packaged Goods
Top stories summarized by our editors
4/17/2019

PepsiCo has finalized its acquisition of the CytoSport line from Hormel Foods for $465 million. Both the Muscle Milk and Evolve lines are part of the CytoSport portfolio.

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PepsiCo, Hormel Foods, CytoSport
4/17/2019

Popular food trends are also extending to pet food, with a jump in spending of 30% per household between 2006 and 2010, according to Nielsen. Fresh offerings, vegan options and clean-label ingredients are becoming more important to pet owners.

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Nielsen
4/17/2019

Honest Tea founder Seth Goldman took a post-college job teaching English in China and says the experience of having to navigate unfamiliar territory and build networks from scratch informed his entrepreneurial appetite. "I think a big mistake people make is that they assume the only way to become an entrepreneur is to work for an entrepreneurial company. But that's not the case," he said.

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Forbes
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Seth Goldman
4/17/2019

Godiva plans to open 2,000 cafes with a full menu during the next six years, with the first opening this week in New York City. Godiva's cafes will have similar core menus, but each will be tailored to the taste of the international region they're located in, said Thierry Muret, Godiva's executive chef chocolatier.

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ABC News
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Godiva, Thierry Muret
4/17/2019

Smarties co-presidents Liz Dee, Sarah Dee and Jessica Dee Sawyer have unveiled the brands' new packaging and logo. The new logo has been updated but remains reminiscent of the original, Liz Dee said.

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Candy Industry
4/17/2019

The Wonderful Company teamed with nutritionist Sharon Palmer for the Plant-Based Nutrition Leadership Symposium, which took place this week in Los Angeles. The event was intended to help attendees use pistachios and other ingredients to create new plant-based snacks.

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Wonderful Company, Sharon Palmer
4/17/2019

One-third of Barry Callebaut's global cocoa volume is now traceable. The company is working to make its Ghanaian and Ivory Coast supply chains completely traceable as part of its goal to source only sustainable ingredients by 2025.

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Candy & Snack Today
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Barry Callebaut, Ivory Coast
4/17/2019

Sales of beer on-site at breweries reached a record 3.1 million barrels in 2018, the Brewers Association reports. Taprooms grew by just over 40% last year, representing 24% of all craft beer growth in 2018.

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Brewers Association, taprooms
4/17/2019

Waste Management will acquire Advanced Disposal Services as part of a $4.9 billion deal. Advanced Disposal Services, based in Florida, mainly serves the eastern US.

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Resource Recycling
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Advanced Disposal Services
4/17/2019

The US is now home to a new organization, the Glass Recycling Foundation, which was created this week in Michigan to fund glass recycling programs throughout the country. "Glass bottles and containers are endlessly recyclable," said GRF Board President Lynn Bragg. "The Glass Recycling Foundation will impact communities by funding projects to recover more and higher quality glass."

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Lynn Bragg