Food Industry

The purchase by Heartland Food Products comes as sales for the weight loss brand have plummeted, with more consumers turning to GLP-1 medications.

The yogurt giant reportedly didn’t believe the two companies could work together effectively and wanted to pursue opportunities within its own portfolio.

The Folgers and Café Bustelo owner is planning another hike for “early winter,” its third increase this year. 

Jerry Greenfield said the CPG giant has “silenced” the Cherry Garcia’s maker’s independence and ability to speak out on social issues.

A partnership with Enel builds on the confectionery giant’s “Renewable Acceleration” program, launched in April.

Paul Bulcke is leaving the post earlier than expected after drawing criticism from investors over the company’s performance.

The meat processor is also removing other ingredients associated with ultraprocessed foods by the end of the year, including sucralose and titanium dioxide.

Food-at-home prices rose in August at a 2.7% annual clip, stoked by steep increases in the cost of beef, eggs, coffee and produce.

As sales tumble, the company is taking steps to stabilize its business, including eliminating its North American president role and planning the sale or divestiture of brands.

The plant is expected to can 3 billion energy drinks annually and distribute throughout the U.S.