The Lancaster facility has about 200 employees and is expected to close by the end of September 2024. Production will be transferred to other locations.
The Consumer Brands Association also said the tax could result in the loss of tens of thousands of manufacturing jobs in the CPG food sector.
The Virginia facility is one of the food giant's most technologically advanced, and is expected to churn out 4 million pounds of protein a week.
In the company’s earnings call, CEO Jim Snee signaled caution ahead of the new year, projecting a decline in sales as consumers cut back on spending.
Pedro Navio, who takes over from soon-to-be CEO Carlos Abrams-Rivera, also discussed with Food Dive the biggest challenges and opportunities facing his business.
Though regulators came to a consensus on what to call the namesake product in 2022, continuing debates over package labeling rules could still create headwinds for players in the space.
Warnings from the antitrust division over aspartame have the potential to make social media campaigns more cautious in how they communicate.
Consumer acceptance has been a steep hurdle for the plant-based meat industry. Creativity will be key in presenting plant-based products, including by providing recipes and catering to different ...
An Illinois federal jury found Cal-Maine and other egg giants liable for limiting the supply of the protein in 2004-2008 in an effort to drive up costs. Damages are set to be awarded to companies such ...
Edgy messaging is helping the direct-to-consumer brand drive awareness as it prepares for a broader launch at retail.
The investment is the first for private equity arm Skky Partners as it looks to cash in on growing demand for spicy, unique condiments.
Agriculture will be central to climate talks for the first time as the UN pushes nations to tackle farming's toll on the environment.