McCormick & Company will purchase the food division of Reckitt Benckiser for $4.2 billion, a deal that will make the French's and Frank's RedHot lines McCormick's second and third biggest brands, respectively. McCormick aims to grow those two lines internationally as part of the deal, which is expected to close by the end of the firm's fiscal year.
Coca-Cola has partnered with Chef'd to bring co-branded meal kits to US consumers. The Refreshing Meal Inspirations kits will include Chef'd meal ingredients with beverage pairings from Coca-Cola's portfolio, such as Shrimp Yakisoba with Dasani Sparkling Blood Orange and Beef Short Rib Tacos with Coke.
Frito-Lay will bring three new Lay's varieties to store shelves next week as part of the brand's "Do Us A Flavor" competition. Fans who vote online will be able to determine whether the Everything Bagel With Cream Cheese, Fried Green Tomato or Crispy Taco flavor will emerge as the contest's winner.
Retailers may seem focused on boosting their store perimeter inventories, but they are still eager for center-store ideas, said Barry Calpino, vice president of innovation with Conagra Brands. "Make center store products fun, engaging and good enough that people will buy [them] online or in the store," he said.
Ninety percent of consumers say they prefer their beverages in glass packaging due to its flavor preservation qualities, according to a study by EcoFocus Worldwide and released as an infographic by GPI. Glass is still a popular packaging choice with craft brewers, and the material is endlessly recyclable, the infographic indicates.
Artisanal, eco-friendly, natural and practical: Glass shares many characteristics and associations with the interests of the millennial generation, writes Tim Croxson, COO of bottle wholesaler Croxsons. New craft beverages and their accompanying glass packaging innovations can underscore these associations to the millennial consumer in a way that benefits everyone, he writes.
Constellation Brands has enjoyed "dramatic success" in its Corona and Modelo Especial beer lines, said CEO Rob Sands, who is now aiming to gain more shelf space with retailers. "As retailers start realizing that they're over-allocated to low-margin, low-growth brands and they need to allocate more space to higher-margin, their go-to is going to be the Constellation portfolio. Period," he said.
Anchor Glass has named Nipesh Shah its new CEO following the news that Jim Fredlake is retiring. The privately-held company manufactures nearly five billion glass containers a year and reported $610 million in annual revenues last fall.
Former Beam Suntory executive Steve Fechheimer will join New Belgium Brewing as CEO beginning next month. New Belgium founder Kim Jordan calls Fechheimer "the perfect cultural and business fit" to run the company, which is the fourth-largest U.S. craft brewer, according to Brewers Association rankings.
Company-based initiatives to craft end-of-life solutions to packaging waste problems have started to take hold in the industry, with brands like Nestle Waters North America aiming to boost its recycling programs. Efforts by organizations such as The Closed Loop Fund and The Recycling Partnership have also helped shape industry policy toward increasing the eco-friendly nature of packaging.
- Page 1