6 days, 18 hours ago
Why Everyone’s Obsessed With Meat Sticks and Cottage Cheese
BloombergNot too long ago, it looked like we were in the middle of a great American food revolution. That allowed it to focus on its high-growth snack portfolio, including brands like Pringles, Cheez-It and Rice Krispies Treats, under the new name Kellanova. The strategy worked: In August, candy conglomerate Mars Inc. said it would buy the standalone snack company in a $36 billion deal. This same bet on snacking also pushed peanut butter and jelly maker JM Smucker Co. to scoop up Hostess in 2023 for $5.6 billion. And last month, Bloomberg News reported that Oreo maker Mondelez International Inc. was trying to buy out Hershey Co. to create a global snacking powerhouse.
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