Aug 5, 2019

Kayco merges with kosher food giant Manischewitz

Box of kosher for Passover matzo from Manischewitz. Photo: Smith Collection/Gado/Getty Images

Kayco of Brooklyn agreed to buy rival U.S. kosher food company Manischewitz for an undisclosed amount.

Why it matters: Deal-makers often refer to their transactions as being kosher, but this time it's literal. Also, this gives Kayco the country's top maker of matzo (albeit not of kosher wine, as Manischewitz sold its iconic syrup sauce to Constellation Brands more than 20 years ago).

The bottom line: "Since by some estimates the two companies make up more than 50% of the kosher market, the announcement was seen in the kosher world as the equivalent of General Motors acquiring Ford. In theory, it could raise questions about whether Kayco was becoming a monopoly and what that might mean for kosher food prices, already considerably higher than those of nonkosher equivalents." ⁠— Joseph Berger, NY Times

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Food bought from American farmers to offset trade war pain will go to school cafeterias

Photo: Katherine Frey/The Washington Post via Getty Images

School cafeterias are set to receive free food purchased by the Department of Agriculture to relieve farmers hurt by the U.S-China trade war, the AP reports.

The big picture: The USDA has spent $1.2 billion to buy up food to redistribute to nutrition programs through "trade mitigation" — long part of its practices to help farmers, though usually on a far smaller scale — as part of the $16 billion aid package for farmers hit hard by retaliatory tariffs.

Go deeperArrowAug 12, 2019

Pattern Brands' plan to sell consumer goods to millennials

Illustration: Aïda Amer/Axios

New York-based brand agency Gin Lane is debuting Pattern Brands, a modern twist on the consumer goods holding company, with $14 million in VC funding. It's also sunsetting its 10-year-old agency to focus on the new venture.

The big picture: Pattern Brands is betting not only on its team’s experience in hatching popular consumer brands like Hims and Harry’s, but also on the benefits it can draw from its multiple product lines sharing customer data, marketing tactics, and costs behind the scenes.

Go deeperArrowAug 6, 2019

Food delivery robots target college towns

Illustration: Sarah Grillo/Axios

College students may soon have to share their campus sidewalks with thousands of 6-wheeled robots ready to deliver their dinners.

Driving the news: Food delivery company Starship Technologies announced plans in late August to deploy cooler-sized, self-driving robots to 100 U.S. college campuses by 2022.

Go deeperArrowAug 31, 2019