Difficult is right. These are companies that are still independently, family, or employee owned. It was, to say the least, a PR nightmare. Many consumers in recent years have made a distinct choice to purchase products from smaller-scale companies, owner owned businesses, or family farms, instead of from multinational food companies. When smaller organic companies are bought by big players in the food industry, it mutes the voice of many, leaving major choices up to fewer individuals.
If you want to have a voice in these decisions you should care whether the people involved are likely to be receptive to your concerns, or if they are only accountable to Wall Street. Or in the case of Odwalla after its acquisition by Coca-Cola, it could mean dramatically reducing the percentage of organic ingredients.
The payoff came through several years of sustained growth as Kashi rode the wave of demand for natural and organic products. Founded in , the plainly named snack company hit a sweet spot with uniquely flavored chips like olive, sweet potato and chocolate. Since then, General Mills has increased its distribution to major supermarkets, club and convenience stores.
Two high school friends from Connecticut built up this granola company the old-fashioned way : through local sales and word-of-mouth. In the ensuing years, the brand has expanded to include energy bars, snack bars and trail mixes.
Stonyfield founder and CEO Gary Hirshberg had actively sought an investor , and the buyout came with demands that his company stay independent. Over the past few years, Bolthouse has expanded its lineup of fruit beverages and moved into categories like salad dressing. Agriculture business researcher Dr. Philip Howard , an associate professor in the Department of Community Sustainability at Michigan State, has been tracking the corporate takeover of mid-size organic food processing companies for years.
In this stunning graphic, updated in February , Howard shows just how concentrated organic food business has become. Image Credit: Dr.
The other General Mills company on the organic food radar is Muir Glen, maker of organic, artisan tomatoes. This Denver-based food producer offers tomatoes in a variety of different forms: diced, fire-roasted, crushed and whole. Tomato-based products like ketchup, salsa and pasta sauce are also available.
Muir Glen holds 0. There is also a myriad of small, privately-owned organic food producers who own a good amount of the market share. Nature's Path Foods 3 percent , Amy's Kitchen 2. Buffett is betting big on his favorite company.
It might be time to follow suit. Inflation is at a year high. But these Mad Money megatrends could help you fight back. Yesterday, Sundial issued a press release announcing their financial results for Q3 ended on September 30, Presenting on this morning's call, we have Zach George, chief executive officer; Jim Keough, chief financial officer; and Andrew Stordeur, president and chief operating officer.
Additionally, all financial figures mentioned are in Canadian dollars unless otherwise indicated. There was no company-specific news or developments, so why did the fuel-cell stock gain so much in value? After the recent pullback, the big data specialist's stock is now down roughly 3. Lucid Motors earnings are due Monday, with the Tesla rival's production goals in focus. Shares have soared on Lucid Air EV deliveries.
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