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5@5: Campbell's goes big on snacks | Monsanto funds gene editing startup5@5: Campbell's goes big on snacks | Monsanto funds gene editing startup

Each day at 5 p.m. we collect the five top food and supplement headlines of the day, making it easy for you to catch up on today's most important natural products industry news.

March 29, 2018

2 Min Read
5@5: Campbell's goes big on snacks | Monsanto funds gene editing startup

Campbell becomes snack empire, as soup sales cool

Snyder’s-Lance Inc.’s stockholders last week approved the snack giant’s acquisition by Campbell for $50 per share—a deal that “will dramatically shift Campbell’s center of gravity,” CEO Denise Morrison has said. Post-merger, soup sales, which have been a big contributor to what Morrison called “disappointing” results for the company in recent quarters, would only account for about 27 percent of the company’s sales, while snacks would claim nearly half. Read more at USA Today…


Monsanto backs new company focused on gene editing, not GMOs

The company’s VP of Global Biotechnology Tom Adams will leave to become CEO of a new agriculture company that’s using gene editing technology, rather than genetic modification, to improve commodity crops. Pairwise Plants will receive $100 million from Monsanto over the next five years to fund research that could be eventually be commercialized by Monsanto. Separately, the venture capital arm of Monsanto also invested $12.5 million to form the company. Read more at Reuters…


Appeal of authentic global flavors can help drive sales of regional Latin snack foods

Americans’ desire to discover new flavors is fueling growth in street food and international cuisine that could also create opportunities for foodservice providers. When trying a new item, more than half of consumers in a recent survey said they’re more likely to try it as a snack than as a full meal. Read more at Smart Brief…


Millennials and healthy living: It’s about online content, not doctors’ visits

Millennials are more likely than other generations to use urgent care facilities and turn online for advice, rather than visiting a primary care physician. They’re also more likely to look for alternative medicine solutions like acupuncture, meditation and supplements. Read more at Forbes…


Youth farms in Hawaii is growing food and leaders

MA’O Organic Farms in Oahu has a unique but promising model—it's run by college-aged farmers with a mission to educate future leaders on cooperation, accountability and empowerment. Read more at NPR…

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