Pittsburgh, PA—GNC has reached an agreement with lender groups to further extend the springing maturity dates for certain loans, according to a press release. Previous reporting noted that GNC’s Tranche B-2 term loan, FILO term loan, and revolving credit facility all feature springing maturities that could be accelerated from August...
Big Sandy, MT—Kamut International has reported that the company is feeling the effects from the #QuarantineBaking phenomena. “We’ve noticed sales of KAMUT brand wheat flour soaring, and our millers are working hard to keep up with demand,” said Trevor Blyth, Kamut International CEO, in a press release. In March, the...
Washington, D.C.—The Organic Trade Association (OTA) has honored all of its members with its Member of the Year Award, according to a press release, “applauding the resilience, commitment, and community spirit shown by the entire organic supply chain in dealing with the COVID-19 pandemic.” CEO and Executive Director Laura Batcha...
Vevey, Switzerland—Nestlé Health Science (NHSc) has agreed to acquire a majority stake in Vital Proteins, maker of collagen supplements, beverages, and food products, according to a press release. Vital Proteins will continue to operate as a standalone business, the press release says, but will have access to a variety of...
Providence, RI—United Natural Foods, Inc. (UNFI) has reported financial results for the third quarter of fiscal 2020 ended May 2, 2020, in a press release. Highlights: Net Sales increased 12% to $6.67 billion compared to $5.96 billion in last year's fiscal third quarter Net income increased 54% to $88 million;...
Naperville, IL—KeHE Distributors is providing a virtual show experience for attendees of its first-ever virtual Holiday Show, Holidays of Hope, according to a press release. It is taking place June 8-15. KeHE has proprietary technology that enables attendees to connect in a similar way to how they would in-person, including...
Oceanside, NY—Only Natural and the Bio Nutrition family of brands announced the passing of Robert M. LoMacchio, CEO of Only Natural and Bio Nutrition. LoMacchio passed away on May 25, 2020, at the age of 49. The LoMacchio family has over 40 years of experience in the natural health industry,...
Washington, D.C.—Organic food is proving to be the food of choice for shoppers stuck at home, according to a press release from the Organic Trade Association (OTA). Organic produce sales are up more than 20% in the spring of 2020, says the press release, after jumping more than 50% in...
Vista, CA—Dr. Bronner’s now sources its entire supply of USDA hemp seed oil used in its soap and other body care products from U.S. farmers, according to a press release, which states that this “profound and long-sought accomplishment… marks the cumulative success of more than two decades of committed advocacy...
Wilmington, DE—The American Chemistry Council (ACC) has recognized Ashland Global Holdings Inc. with a sustainability leadership award for environmental protection and circularity, according to a press release. The award was presented during the ACC Annual Meeting, which was held virtually due to COVID-19. The ACC judging panel was comprised of...
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