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Consumer-Products Accelerator Seeks Innovative Brands for Third Cohort

SKU has worked with more than 100 alumni, including a variety of innovative and successful brands, including EPIC Provisions, Siete, DUDE Wipes and Seaweed Bath Co.
April 18, 2022

Ideal candidates are market-validated companies with compelling founders and innovative products in hot categories. Brands can be from a wide range of areas in CPG, including food, beverage, apparel, personal care, and household products.. 


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Misfits Market Announces Private Label ‘Odds & Ends’ to Help Consumers Save on Quality Pantry Staples

The new private label will offer shoppers consistent access to quality groceries at an affordable price
April 18, 2022

Misfits Market, the online grocery platform focused on accessibility, affordability, and sustainability, launched its first-ever private label, Odds & Ends. The launch of Misfits Market’s private label – which currently includes pantry staples such as coffee and snacks like nuts, dried fruit, and dark chocolate-covered mini pretzels – ensures Misfits Market’s customers can easily stock up on all of their favorite high-quality, affordable groceries during their weekly shop.


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General Mills Invests $15 Million in Funds for Minority, Female Entrepreneurs

Investment arm, 301 INC, addresses founder gap through Fearless Fund and Supply Change Capital
April 15, 2022

The investments are part of General Mills’ commitment to standing for good and promoting racial and gender equity in representation through economic opportunity for minority and female food entrepreneurs.



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LesserEvil Acquires R.E.D.D., Expanding Product Offering Into Bars

The vertically-integrated snack company expands into a new category
April 13, 2022

LesserEvil, the better-for-you snack brand on a mission to make healthy, organic, less-processed, and sustainable snacks more accessible to everyone, announced that it has acquired a majority stake in Portland, Maine-based R.E.D.D. Bar. 


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Food Industry News

Nutiva, Coconut Secret Name New Leadership

Michael Lynch to take on role as chief executive officer
April 12, 2022

Nutiva, the pioneer of organic plant-based culinary products, and sister brand Coconut Secret, the leading brand of Coconut Aminos, are excited to announce the appointment of CPG industry veteran, Michael Lynch, as chief executive officer. 


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ADM to Expand Capacity, Open New Innovation Center

The company will invest $300 million to expand alternative protein production
April 12, 2022

ADM, a global leader in nutrition, announced that it will invest approximately $300 million to significantly expand its Decatur, Ill., alternative protein production, as the company continues to add capacity to meet strong demand growth. ADM will further enhance its alternative protein capabilities by opening a new, state-of-the-art Protein Innovation Center, also in Decatur. 


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Layn Natural Ingredients Launches Free Interactive Botanical Ingredient Library

The Layn Botanical Ingredient Library is an extensive online resource full of valuable information on a growing library of botanical extract ingredients and functions
April 12, 2022

Layn Natural Ingredients, one of the world’s largest innovators and manufacturers of natural botanical extract ingredients and solutions serving the biggest brands in food, beverage, flavor, nutraceutical, personal care, animals and pets, launched a free online botanical library and search tool to enable businesses to explore and learn about key botanical extract ingredients and solutions and easily map them to targeted applications and desired functions.


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US eGrocery Sales Total $8.7 Billion in March

Q1 results finished less than 3% lower than a year ago as eGrocery continues to evolve
April 12, 2022

The Ship-to-Home segment experienced the largest sales contraction, plummeting over 30% in March compared to a year ago, from $2.1 billion to $1.4 billion. The decline was driven by a 13% reduction in the number of orders placed by Monthly Active Users combined with a 23% drop in the average order value.


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Bartek to Construct Malic, Fumaric Acid Facility

The project will complete in Q4 2023 and double the company’s existing capacity
April 7, 2022

Bartek Ingredients commenced construction of a state-of-the-art, vertically integrated facility that will become the world’s largest malic and food-grade fumaric acid production plant. 


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Imbibe Breaks Ground on Recent Expansion

The company officially broke ground on a gut renovation of a the 17,000sq-ft space that will enable it to reconfigure and better use its existing property
April 7, 2022

Since moving into its headquarters in 2014, Imbibe has added on several new capabilities to its portfolio. This includes its latest efforts to serve the frozen dessert market, the no and low alcohol and segments, and other sweet food categories that can benefit from sweetness modification, maskers, and other taste modulation tools.


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