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Popcorn Startups & CPG in Space: CPG News, Week of May 31-Jun 4

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June 4, 2021
by Sophie Guimaraes
5 minutes

Contents

Unioncrate's curated weekly round-up of CPG & supply chain news. This week's news features investments in an allergen kit, growing sales but flat inventory, and CPG for the space age.

investments-acquisitions

Investments & Acquisitions

Popcorn startup Opopop has raised $5M in its Series A, led by Valor Siren Ventures, ahead of its launch. Food Dive

Allergen introduction kit brand Ready, Set, Food raised $3.5M in a recent funding round. Food Dive

Robertet has acquired natural flavors and extract manufacturer Ecom. BevNet

Canadian cannabis brand BevCanna has acquired beverage manufacturer Naturo Group and is expanding into the US market. Forbes

Prestige Consumer Healthcare has acquired a group of over-the-counter brands from Akorn Operating for $230M. Drug Store News

Post Holdings has acquired TreeHouse Foods’ line of ready-to-eat cereals for $85M. FoodBev

Coty has appointed a new CEO to drive the expansion of Kylie Jenner and Kim Kardashian’s cosmetic brands. Consumer Goods Technology

Athletic Brewing, a product of nonalcoholic beer, has raised $50M in a Series C led by Alliance Consumer Growth and TRB Advisors. Food Dive

Kerry is opening a new taste facility in Irapuato, Mexico in a move intended to reach the Central American and Caribbean market. FoodBev

Coffee brands Snowing In Space and Grit are merging operations under one company: Bread & Table. BevNet

products-partnerships

New Products & Partnerships

RXBAR, an egg white-based protein bar, is going plant-based with two new flavors. VegNews

A new kind of plant-based nugget is coming to the US: Quorn, a UK-based fermented meat brand whose parent company just went public on the Philippine Stock Exchange. Food Dive

Colgate-Palmolive is going… intergalactic? The CPG giant is sending an oral care experiment up to the International Space Station. Consumer Goods Technology

Walmart is teaming up with a fourth-generation rancher to launch McClaren Farms, a private label beef line. Winsight Grocery Business

Ulta has joined the Fifteen Percent Pledge, committing to stocking 15% of its shelves with Black-owned brands. Yahoo

Another notable addition to the private label trend: Bed Bath & Beyond is launching three of its own. Chain Store Age

Kellogg just dropped another new Pringles flavor. This time? Wavy pineapple habanero. FoodBev

…and Kellogg also dropped three new Pop Tarts flavors! FoodBev

Milk Bar is launching a line of ice cream pints for retail sales. FoodBev

Keebler and Girl Scouts are partnering to make Thin Mints-dipped ice cream cones. Food Dive

Bertolli has launched d’Italia, a new line of pasta sauces inspired by Tuscan traditions. FoodBev

An internal company memo for Nestlé cited 60% of its F&B SKUs as “unhealthy.” The company is eyeing a strategy switchup. Bloomberg

Giant Co. is getting creative with Zoom marketing, with plans to have nutritionists to take families on “virtual roadtrips.” Progressive Grocer

Frank's RedHot is launching a cookbook to celebrate cicada season. A cicada cookbook. No further comments. Food Dive

supply-chain

Supply Chain News

Avocado consumption has increased by 33% YOY, creating some possible supply chain challenges. Food Dive

March saw growing sales but flat inventory growth. In response, companies like Walmart and Yeti have lengthened their lead times and turned to alternative ports. Supply Chain Dive

Donnie King, formerly the COO of Tyson Foods, is stepping up as CEO. FoodBev

Global supply shortages are popping up left and right. The New York Times

Not CPG, but a good read nonetheless: American Eagle Outfitters has improved their turn times thanks to a year-long supply chain transformation. Supply Chain Dive

Albertsons is growing its supplier diversity program by partnering with new vendors. Progressive Grocer

Meat giant JBS was cyberattacked last week—and the effects of it are still reverberating across the meat supply chain. The Wall Street Journal

In a new op-ed, a Colgate-Palmolive procurement manager argues that it’s impossible for procurement to ignore market intel. Supply Chain Dive

good-reads

Good Reads

Mondelez is conducting a “strategic review” of its gum lines. Food Dive

In-store sampling is returning at Sam’s Club. Grocery Dive

Eclipse Foods, originally intended for retail locations only, had to shift to a DTC model when the pandemic hit. Read about how they did it. Modern Retail

Apparently the proteins in milk and mealworms are quite similar. Is this the next frontier in plant-based eating? Food Dive

About Unioncrate

Unioncrate is an AI-powered Integrated Business Planning (IBP) platform that delivers demand forecasts with unmatched accuracy, collaborative visibility, and actionable intelligence—enabling CPG brands to plan and execute agile supply chain strategies at the click of a button.

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