Campbell Soup Co. has completed the acquisition of Snyder’s-Lance Inc. for $50 per share in an all-cash transaction, which represents an enterprise value of approximately $6.1 billion. “Snyder’s-Lance represents a strategic and transformative acquisition for Campbell, creating a $10 billion company with nearly half of our annual net sales in the faster-growing snacks category,” said […]
Category: Center Store
Posted inSpecialty, Center Store, Grocery News, Home Page Latest News, Southeast, Suppliers
Olé Mexican Foods Celebrating Its 30th Anniversary This Year
In 1988 Veronica Moreno sold her first order of tortillas from a recipe she learned from her grandmother. Today, 30 years later, Olé Mexican Foods Inc., maker of Olé and La Banderita tortillas, says it still aims to create “great food that brings friends and family together at the table.” On its 30th anniversary, Olé […]
Posted inNortheast, Center Store, Grocery News, Independent Store News, Store News
Key Food, Goya Unite On 40K-Lb. Food Donation To City Harvest
Key Food Stores Co-operative teamed up with Goya Foods to donate 40,000 pounds of food to New York’s City City Harvest in mid-March. In total, Key Food and Goya will be donating 60,000 pounds of food as part of the Goya “Can Do” campaign. City Harvest will distribute this donation to 500 community food programs throughout […]
Posted inOrganic Natural, Amazon Fresh, Center Store, Grocery News, Home Page Latest News, National, New Products, Snacks Brands, Suppliers, Whole Foods
Unilever Enters Organic Snack Category With Growing Roots Brand
Unilever is launching Growing Roots, an organic, plant-based snack brand with a social mission. The company will donate half of all Growing Roots’ profits to support Unilever’s urban farming partnerships. The brand builds on Unilever’s multi-year urban farming commitment, which establishes and funds partnerships to unlock access to fresh foods and nutrition education in communities […]
Posted inGrocery News, Albertsons, Center Store, Grocery Industry, Home Page Latest News, National, Suppliers
General Mills Acquiring Blue Buffalo Pet Products For $8B
General Mills Inc. and Blue Buffalo Pet Products Inc. have entered into a definitive agreement under which General Mills will acquire Blue Buffalo for $40 per share in cash, representing an enterprise value of approximately $8 billion. General Mills expects the transaction to establish it as the leader in the U.S. “wholesome natural” pet food […]
Posted inGrocery News, Beverage News, Center Store, Executive News, Home Page Latest News, National, Produce News, Suppliers
Chacko To Succeed Papadellis As President Of Ocean Spray Cranberries
Randy Papadellis, president and CEO of Ocean Spray Cranberries Inc., announced Feb. 15 that he plans to leave the cooperative on July 1, 2018, capping an 18-year career. Effective immediately, Bobby Chacko, who has been serving as SVP and chief growth officer since 2017, has been promoted to president and COO. Papadellis, whose career in the food […]
Posted inHealth & Wellness, Center Store, Dairy News, Home Page Latest News, Merchandising News, National, Suppliers
Guiding Stars Changes Algorithms To Reflect FDA Nutrition Changes
Guiding Stars has updated the formula it uses to assign stars to thousands of foods in North America. The changes align with the Food and Drug Administration’s (FDA) updated recommended Daily Values (DV) for vitamins, minerals, sodium and fiber and reflect consensus of nutrition science regarding omega-3 fatty acids, DHA, EPA and artificial colors. Guiding […]
Posted inGrocery News, Beverage News, Center Store, Home Page Latest News, Suppliers
KDP Will Be Formed By Merger of Keurig, Dr Pepper Snapple
Dr Pepper Snapple Group (DPS) and Keurig Green Mountain announced a merger agreement on Jan. 29. The new company will be Keurig Dr Pepper (KDP). A completed merger would create a company comprising beverage brands Dr Pepper, 7UP, Snapple, A&W, Mott’s, Sunkist and Green Mountain Coffee Roasters; the Keurig single-serve coffee system; and more than […]