Food Industry

The ketchup maker plans to invest $600 million in its products as it focuses on “returning the business to profitable growth.”

The purchase of Bachan’s expands the dip and dressing maker’s presence in the sauce category and taps into better-for-you and global flavor consumer trends.

The Uncrustables maker is also sharpening its focus on artificial intelligence with a newly created chief technology role.

The pork giant will lay off 190 workers and transfer production of charcuterie-style meats to other facilities.

Dutch beverage giant Refresco is buying the producer as it expands into the better-for-you category.

The update comes as the brand looks to combat declining sales amid supply chain issues and increased competition.

Peter McGuinness will oversee Bel Group North America as the company looks to capitalize on a growing demand for intentional eating.

The Reese’s maker is building a formidable portfolio centered on pretzels, popcorn and other offerings that touch on the latest consumer trends.

The candy brand is debuting new sayings reflecting the realities of modern romance, while Sparkling Ice teams with Life Savers on a candy-inspired sparkling water.

The CPG veteran will take over in April for Nicolas Catoggio, who recently became the company’s chief operating officer.