Micro Markets News
Illycaffè boosts half-year 2023 sales, profits
July 25, 2023
Illycaffè reported significant sales and profit gains for the first half of 2023 over the prior year, according to a press release.
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J&J Snack Foods opens Texas distribution center
July 25, 2023
J&J Snack Foods Corp. opened its first owned distribution center in Terrell, Texas, according to a bakingbusiness.com report. The 117,000-square-foot…
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Campbell Soup to invest $160M in Utah plant, create 80+ jobs
July 25, 2023
Campbell Soup Co. will invest approximately $160 million in its Richmond, Utah, manufacturing facility to expand production of Goldfish crackers to help meet…
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JDE Peet’s to acquire Maratá’s coffee and tea business
July 24, 2023
JDE Peet's, which is owned by JAB Holdings and owns Peet's Coffee, Douwe Egberts, Jacobs and other brands, has signed an agreement to acquire the Brazil based…
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Sodexo to acquire AH Management
July 24, 2023
Sodexo PLC, a Paris-based food and facilities management provider, has agreed to acquire A.H. Management, a Rolling Meadows, Illinois-based convenience…
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Keurig Dr Pepper signs licensing, manufacturing, distribution pact for La Colombe K-Cups
July 21, 2023
Keurig Dr Pepper Inc. has signed a licensing, manufacturing and distribution agreement with La Colombe for La Colombe branded K-Cup coffee pods, according to a…
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Bevi surpasses 5,000 customer milestone for commercial water coolers
July 20, 2023
Bevi, a provider of internet-connected water coolers for commercial spaces, has exceeded 50% annual recurring revenue growth, serving more than 5,000 customers…
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Tata Coffee lifts Q1 2023 sales, earnings
July 19, 2023
Tata Coffee, a subsidiary of Mumbai, India-based Tata Consumer Products Ltd., lifted its sales and profits for Q1 2023 over the prior year period driven by…
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Russia seizes Danone unit and Carlsberg brewery
July 17, 2023
Russia has seized control of Danone's Russian operating unit as well as Baltika, a Carlsberg owned brewery, according to a Seeking Alpha report.
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Campbell to close Connecticut office, cut 44 positions
July 17, 2023
The Campbell Soup Co. will close its Norwalk, Connecticut corporate office, as previously announced, beginning in September, according to a nbcconnecticut.com…
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Kraft Heinz to build $400M Illinois distribution center, create 150 jobs
July 14, 2023
The Kraft Heinz Co. will invest more than $400 million to build a 775,000-square-foot distribution center in DeKalb, Illinois, one of the largest automated CPG…
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Monster Beverage gets green light to acquire Bang Energy
July 13, 2023
A bankruptcy court has approved Monster Beverage Corp.'s bid to acquire Bang Energy out of Chapter 11 for $362 million and settle litigation between the…
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Hormel Foods promotes Scott Aakre to retail leadership role
July 13, 2023
Scott Aakre Hormel Foods Corp. has named Scott Aakre group vice president and chief marketing officer of its retail business, according to a press…
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Conagra Brands suffers earnings drops despite sales gains for Q4 and FY 2023
July 13, 2023
Conagra Brands Inc. reported hefty losses against sales gains for Q4 and FY 2023 compared to the prior year period, according to an earnings report. Highlights…
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PepsiCo boosts Q2 2023 results, lifts full year expectations
July 13, 2023
PepsiCo Inc. lifted its sales and earnings for Q2 2023 over the prior year period and upgraded its full year results, according to a press release. Highlights…
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McKee Foods brings Little Debbie Cosmic Brownies to vending
July 12, 2023
McKee Foods Corp. is adding Little Debbie Cosmic Brownies with a sell-by date code to the vending industry this month, according to a press release. The…
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Sodexo Canada names SVP/sales
July 12, 2023
Nancy Zuccarelli Sodexo Canada has named Nancy Zuccarelli senior vice president of sales, according to a press release.
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Bernick’s expands Wisconsin headquarters
July 11, 2023
Bernick's, a convenience services provider and Pepsi bottler, has broken ground on an expansion project at its Waite Park, Wisconsin headquarters, according to…
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Utz Brands taps Clif Bar’s Jennifer Bentz for marketing, innovation role
July 10, 2023
Jennifer Bentz Utz Brands Inc. has named Jennifer Bentz executive vice president, insights, innovation and marketing services, reporting to CEO…
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Lavazza predicts earnings fall from rising costs
July 7, 2023
Lavazza, the Turin, Italy based coffee and coffee equipment manufacturer, has warned it will suffer a double-digit drop in earnings this year caused by coffee…
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