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Posts Categorized: Supplier News

Another CPG giant is born

June 28, 2018

A few weeks after Keurig snapped up Dr. Pepper, Conagra Brands is buying Pinnacle Foods for approximately $10.9 billion, including Pinnacle Foods’ outstanding net debt. Full story  

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Hormel names deli its “next growth engine”

February 28, 2018

Growth in the deli category is outstripping that of the rest of the grocery store by more than four times, and Hormel has launched a new deli division to capitalize on that demand, said CEO Jim Snee. “Our new deli division represents almost $1 billion in annual sales and will be the company’s next growth… Read more »

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Has coconut oil lost its luster?

February 28, 2018

US retail sales of culinary coconut oil – a category demonstrating explosive growth in recent years – have continued to decline, according to new data from SPINS, with the strongest reversal of fortunes in the conventional (MULO) channel, where sales soared by 38.8% in 2015, but fell 5.2% in 2016, and sank 25.9% in 2017…. Read more »

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Chobani giving free yogurt to everyone in the US

February 14, 2018

Chobani is offering a free cup of yogurt to everyone in the US to celebrate the brand’s tenth year as a national brand. “We have millions and millions of people buying our product and we want to invite more to come into our brand,” said CEO Hamdi Ulukaya. Full story

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Keurig makes deal to acquire Dr Pepper Snapple Group

January 31, 2018

Dr Pepper Snapple Group will be acquired by Keurig Green Mountain, creating a united beverage firm with about $11 billion in yearly revenue. Keurig CEO Bob Gamgort will serve as leader of the new company, which will be known as Keurig Dr Pepper, while current Dr Pepper CEO Larry Young will join the firm’s board… Read more »

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