business
26 Jul 2024
--- PepsiCo has announced a £13 million (US$16 million) investment in its Doritos factory in Coventry, UK. The investment will go toward installing a new manufacturing line, which could help decrease the site’s...
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25 Jul 2024
--- Onego Bio has secured €14 million (US$15.2 million) in new EU and investor funding to commercialize its precision-fermentation-based egg protein “Bioalbumen” in North America. The ingredient is bioidentical...
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23 Jul 2024
--- ADM has released its second annual report, presenting global advancements in adopting and promoting regenerative agriculture practices. The nutrition player says it transitioned over 2.8 million acres of land to regenerative...
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19 Jul 2024
--- FrieslandCampina and Mars have joined forces to speed up greenhouse gas (GHG) emissions reduction in the dairy production service supplied to Mars. The collaboration will include extra rewards for member dairy farms for...
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16 Jul 2024
--- Pork producer WH Group has revealed plans to spin off its wholly owned Smithfield US and Mexico subsidiaries and make them public in New York, US. The board of directors of WH Group announced that the company submitted an...
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15 Jul 2024
--- Singapore-based cultivated seafood innovator Umami Bioworks plans to scale and commercialize its products by joining forces with two Indian organizations — science incubator IKP Knowledge Park, Bangalore and Sathyabama...
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12 Jul 2024
--- Solina has acquired Rich Sauces, a UK-based sauce manufacturer, as part of its long-term strategy to strengthen its presence in the European culinary solutions market. The acquisition adds Rich Sauces’ premium sauce...
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11 Jul 2024
--- Canadian sustainable protein player Maple Leaf Foods is splitting into two independent public companies — one focused on consumer packaged goods and the other catering to its pork business to advance its execution...
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08 Jul 2024
--- Arla Foods is investing DKK200 million (US$29 million) in its Esbjerg Dairy Center in Denmark, where it manufactures Starbucks and chocolate milk business Cocio’s ready-to-drink (RTD) products. The move targets the...
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05 Jul 2024
--- Swiss dairy manufacturer Emmi Group is planning to acquire French Mademoiselle Desserts Group, which specializes in innovative premium patisserie, for an enterprise value of around €900 million (US$974.38 million). The...
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04 Jul 2024
--- McDonald’s Australia has reduced its breakfast service hours by 90 minutes in response to egg shortages caused by the bird flu outbreak in the country. This applies to its Australian restaurants only and is a...
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02 Jul 2024
--- Philippine fast food company Jollibee Foods Corporation (JFC) is set to acquire a 70% stake in South Korea’s Compose Coffee to expand its coffee and tea business. Jollibee’s majority-owned Titan Fund will take...
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28 Jun 2024
--- With a history of over 160 years in the food and beverage market, Tate & Lyle has long been a staple in the industry. Even so, last week’s announcement about the company’s plans to buy CP Kelco, a seller of...
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26 Jun 2024
--- Life sciences financier Novo Holdings has invested in Indian agritech company AgNext Technologies, a provider of artificial intelligence-based food quality assessment technologies that aims to enhance sustainable...
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21 Jun 2024
--- Canada, one of the world’s leading food suppliers, has announced up to C$5.5 million (US$4 million) over three years to Group Export Agri-Food Québec-Canada, the country’s largest association of agri-food...
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20 Jun 2024
--- Tate & Lyle has agreed to acquire the entire issued share capital of CP Kelco, a leading provider of pectin, specialty gums and other nature-based ingredients, from J.M. Huber, for a total implied consideration of US$1.8...
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20 Jun 2024
--- Food ingredient supplier ADM is tapping into regenerative agriculture for pizza flour production by joining forces with UK-based at-home pizza oven creator Ooni Pizza Ovens. The new line of flour targets home chefs by...
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20 Jun 2024
--- Olam Food Ingredients (ofi) has announced new environmental and social targets for its global operations in the cocoa, coffee, dairy, nuts and spices sectors across 50 countries. The food and beverage ingredient supplier...
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18 Jun 2024
--- Mondelēz International and Lotus Bakeries have joined forces to grow the Lotus Biscoff cookie brand in India by manufacturing, marketing, distributing and selling the cookies in the country. The companies will also develop...
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17 Jun 2024
--- Abu Dhabi’s new food and water cluster AgriFood Growth & Water Abundance (AGWA) and Believer Meats have joined forces to develop the production of cultivated meat in the MENA region. The collaboration presents an...
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