Lab-Grown Lobster and Amazon Aplenty: CPG News, Week of Apr 12-16

by Sophie Guimaraes

5 minutes

Contents

Unioncrate's curated weekly round-up of CPG & supply chain news. This week's news features big bucks for alternative bacon, cell-based lobster, and a new private label food brand for Amazon.

investments-acquisitions

Investments & Acquisitions

Cultured Decadence, manufacturer of lab-created lobsters, has raised $1.6M in its pre-seed round. The Spoon

Hain Celestial is selling its Dream and WestSoy alt milk brands to SunOpta for $33M. Food Dive

Atlast Food Co. has raised $40M to make alternative bacon out of mushroom mycelium. Food Dive

Private equity firm Kainos Capital has sold foodservice distributor Ferraro Foods to Kelso & Company, another private equity firm, for an undisclosed sum. FoodBev

Riviana Foods has invested $15M into its Memphis instant rice production facility. FoodBev

Impossible Foods has a new Chief Experience Officer: Steve Turner, previously of Apple. Consumer Goods Technology

SpartanNash has a new Chief Supply Chain Officer: David Petko, previously of C&S Wholesale Grocers. Supermarket News

Hippeas has a new CEO: Paul Nardone, previously of Annie’s. Food Dive

General Mills has partnered with other investors to funnel $20M into jarred desserts maker Pots & Co. Food Business News

Hazel Technologies has raised a $70M Series C to prevent food waste, which it does by putting packets into produce that “inhibit the release of the ripening agent ethylene.” Food Dive

CVS is now offering frozen food from Beyond Meat, Birds Eye, and Amy’s Kitchen. Winsight Grocery Business

BODYARMOR has a new $5B sales target. BevNet

products-partnerships

New Products & Partnerships

Amazon has launched Aplenty, its private label snack brand to be offered at Amazon Fresh locations. Grocery Dive

Canadian alternative meat brand The Very Good Food Co. is distributing through Colorado-based Green Spoon Sales in an effort to increase its US presence. Winsight Grocery Business

Kraft-Heinz has launched snackable Jet-Puffed marshmallows covered in chocolate. Food Business News

Simulate has gained new distribution with Walmart. Read about the 21-year-old founder’s journey. Business Insider

Grove Collaborative is launching at Target, its first retail location. Modern Retail

Nestlé is incorporating Banza pasta into one of its newest dishes in its Life Cuisine line. Food Dive

BLD is a new brand of protein bars—a savory one. Food Business News

In The Raw’s newest sweetener blends monk fruit, stevia, allulose, and erythritol to emulate the taste and texture of granulated sugar. Food Dive

Coca-Cola and Jel Sert have partnered to produce a line of frozen Powerade pops. FoodBev

supply-chain

Supply Chain News

Conagra has accrued $15M in supply chain costs in order to keep up with their demand. Seems as though they may need better demand forecasts, I don’t know from whom, but. Supply Chain Dive

Kroger, in partnership with UK retailer Ocado, has launched two robotic fulfillment centers in Ohio and Florida. Winsight Grocery Business

Keurig Dr. Pepper pledges to cut its use of virgin plastic by 25% by the year 2025. Food Dive

Merit Functional Foods has opened a 94,000-square-foot facility in Manitoba, Canada to process canola protein. Food Dive

Target has tested fulfilling DTC orders in Minneapolis using a sortation center and contractors from Shipt. CNBC

Amazon’s most recent investor letter is out. Modern Retail

good-reads

Good Reads

Despite a wild 2020 and its continued consequences in 2021, PepsiCo’s revenue has risen 6.8%. CNBC

The pandemic opened up opportunities for smaller food brands to gain market share—and they’re continuing to thrive. Food Business News

Gen Z’s main spending priority? Food, in all of its glory. Food Dive

The agrifoodtech industry is booming in China, especially when it comes to startups. Read more on how agrifoodtech startup investing increased by 66.1% YOY compared to the global rate of 34.5% YOY. AgFunder

Did you know that spinach serves as a great exoskeleton for bovine cell cultivation? Yeah, that one’s a brainfull. Read more in Green Queen.

About Unioncrate

Unioncrate is an AI-powered Supply Chain Planning Platform that gives CPG brands the technology they need to compete and win in a rapidly changing consumer landscape. Our automated demand and supply forecasts deliver unmatched accuracy, collaborative visibility, and actionable intelligence, simplifying a manual-heavy process and slashing hours from your week.

Stay in the loop

Get the latest CPG insights delivered straight to your inbox.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Unioncrate respects your privacy and will not share your personal data. View our Privacy Policy.