Chicago-based private equity firm Wind Point Partners has signed an agreement to acquire Shearer’s Foods, a private label salty snack manufacturer based in Brewster, Ohio, reports Sosland Morning Brief. C.J. Fraleigh, most recently CEO of Sara Lee Corp., will join Shearer’s as chairman and CEO.
Labor Day has a rich history centered around workers. This year, it has particular meaning as hundreds of thousands Americans try to get back to work. The latest jobless rate numbers show that unemployment went up from 9.5 to 9.6 percent in August, reports the Huffington Post.
San Diego, Calif.-based Nutrition Capital Network (NCN), which connects growing companies in the nutrition and health & wellness industry with investors, saw a slow-down in mergers and acquisitions, but an increase in financings during the first half of the year.
U.S.-based coconut water brands are probably thanking their lucky stars that the likes of Madonna, Rihanna and Gwyneth Paltrow so readily hopped on the coconut water bandwagon, bringing both attention and glamour to the humble tropical beverage, reports Beverage World.
Kraft Foods has agreed to sell a majority stake in its Back to Nature brand of natural-food products to U.S. private equity firm Brynwood Partners for an undisclosed amount. Kraft will hold a minority stake between 25 percent and 50 percent, and the brand will be held through a joint...
Pizza consumption continues to rise. More than four in 10 (41 percent) consumers polled say they're now eating pizza once a week, compared to 26 percent just two years ago, reports RestaurantNews.com.
Resealability and easy to open/close head up the list of packaging attributes most valued by consumers, followed by the ability to maintain freshness, according to Food and Beverage Packaging Trends in the U.S., a just-released report from Rockville, Md.-based Packaged Facts.
U.S. consumers are less likely to skip their breakfast, lunch and dinner meal times today than they were five years ago, but these meals are often described as mini-meals rather than full meals, according to Chicago-based The NPD Group.
PepsiCo's Mountain Dew, the leading flavored carbonated U.S. soft drink, aims to quench the thirst of consumers with a new can that is one-third larger than their traditional 12-ounce offering, reports Beverage World. But the real news is that the limited edition cans feature color-changing artwork aimed at the brand's...
While people have a strong desire to eat healthy, most aren't exactly sure what healthy eating entails, according to a new study from Denver, Colo.-based iModerate Research Technologies. Some 81 U.S. males and females were queried about their perceptions about two specific food groups: functional foods that contain natural health...