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News•Feb 19, 2026
Hormel to Sell Off Thanksgiving Turkey Assets
Hormel Foods is divesting its whole‑bird turkey business to Life‑Science Innovations, with the transaction slated to close at the end of Hormel’s second quarter. The deal transfers a Minnesota production facility, feed mill, transportation assets and farmer‑supply contracts, while Hormel will continue co‑manufacturing for LSI through fiscal 2026. Hormel retains the Jennie‑O brand and its tom‑turkey lines, redirecting resources toward value‑added deli meats and food‑service products. The move responds to bird‑flu‑driven cost pressures and waning consumer demand for whole turkeys.
By Food Dive (Industry Dive)
News•Feb 19, 2026
Craft Brewer Tilray Inks Licensing Agreement for Carlsberg Beer in the US
Tilray Brands, a leading U.S. craft brewer, signed a five‑year licensing agreement with Carlsberg Group to produce, market, and sell Carlsberg’s core beer portfolio in the United States starting in 2027, with an automatic renewal clause. The deal covers Carlsberg,...
By Food Dive (Industry Dive)
Deals•Feb 19, 2026
Hormel Foods to Sell Whole‑Bird Turkey Business to Life‑Science Innovations
Hormel Foods announced it will divest its whole‑bird turkey business, including a production facility and feed mill, to Life‑Science Innovations. The transaction, valued at an undisclosed amount, is set to close by the end of Hormel’s second quarter, allowing Hormel...
Food Dive (Industry Dive)
News•Feb 18, 2026
Kraft Heinz Replaces North American President with Kellanova Exec
Kraft Heinz announced that former Kellanova leader Nicolas Amaya will replace Pedro Navio as president of its North American business, effective Feb. 22. The move follows CEO Steve Cahillane’s decision to pause a planned corporate break‑up and signals a renewed focus...
By Food Dive (Industry Dive)
News•Feb 17, 2026
PepsiCo’s CMO on How Its Super Bowl Strategy Informs 2026 Growth Plans
PepsiCo used its Super Bowl 60 advertising slate to spotlight three growth engines—Pepsi Zero Sugar, Lay’s and the newly‑acquired prebiotic soda Poppi—while also delivering off‑screen experiences like a Doritos food truck and Tostitos cantina. The campaign helped Zero Sugar post over...
By Food Dive (Industry Dive)
News•Feb 17, 2026
Familiar Faces: Why Food and Beverage Companies Are Bringing Back Former CEOs
Amid a volatile market, three major food and beverage firms—Boston Beer, Simply Good Foods, and Hormel—have reinstated former CEOs Jim Koch, Joe Scalzo, and Jeffrey Ettinger. The boards cite the leaders’ prior growth records as a source of stability while...
By Food Dive (Industry Dive)
News•Feb 13, 2026
Wonder Bread Maker Taking ‘Comprehensive Review’ of Business Amid Slump
Flowers Foods, the maker of Wonder Bread, announced a multiyear comprehensive review of its operations as traditional loaf sales lag behind the broader category. The company projects 2026 net sales of $5.2‑$5.3 billion, essentially flat or down up to 1.8% year‑over‑year....
By Food Dive (Industry Dive)
News•Feb 13, 2026
Constellation Brands Taps Former Suntory Exec as CEO
Constellation Brands announced that board member Nicholas Fink will assume the role of president and chief executive officer on April 13, 2026, succeeding Bill Newlands. Fink brings a decade of experience at Fortune Brands Innovation and nine years at Suntory,...
By Food Dive (Industry Dive)