In addition to distribution in foodservice channels, the agreement also includes limited distribution in retail locations in select states throughout the United States.PepsiCo and VOSS Water Of Norway announced a multiyear agreement enabling PepsiCo’s foodservice division to di...
The acquisition will position Hormel as a total deli solutions provider and improve its deli brands such as Hormel, Jennie-O, Applegate, and DiLussoUS-based Hormel Foods has agreed to acquire premium deli meat and salami company Columbus Manufacturing for close to $850m.
The acquisition will positi...
New rules from Jan 1 will likely push out players selling regular products, leaving the market wide open for reputable brands that are mostly present only in big cities.China infant formula maker Mead Johnson Nutrition, a transnational company, plans to explore expected opportunities to expand into ...
Financial details of the deal have not been divulged by both companies and the transaction is expected to be completed following regulatory approval and customary closing conditionsUS-based contract manufacturer of snack food products Hearthside Foods has signed a definitive agreement to acquire Sta...
It is expected that GRAS-Di can be applied to general selective breeding, not only in agriculture, but for wide-ranging development in areas including the livestock, forestry, and fishery industries. Toyota Motor Corporation (Toyota) has signed an agreement with Kazusa DNA Research Institute, Eurofi...
Hershey’s profit was also boosted by declining cocoa prices, a cost-cutting plan it began implementing last year and layoffs announced earlier this year.
Hershey Co.’s profit and revenue topped analysts’ estimates in the third quarter, as it sold more Hershey’s Kisses and Kit Kat, and a...
Originally signed last month, the deal was subject to customary closing conditions and regulatory approvalsConagra Brands has concluded an acquisition of snack company Angie’s Artisan Treats for $250m from TPG Growth.
Originally signed last month, the deal was subject to customary closing co...
Boulder Canyon makes a variety of bagged snacks including potato chips and popcorn, as well as a range of microwaveable ‘riced’ vegetable accompaniments such as riced cauliflower, riced carrot and riced sweet potatoPennsylvania-based Utz Quality Foods has agreed to acquire Inventure Foods, the o...
The transaction value of the acquisition is approximately $227 million.The Kraft Heinz Co. has joined hands with Suntory Beverage & Food Ltd. to acquire the Cerebos Food & Instant Coffee business in Australia and New Zealand and the Asian Home Gourmet Singapore business in a transaction valu...
• Coca-Cola’s better-than-expected earnings report shows the company’s ability to manage industry headwinds by focusing on prices and newer products like Coca-Cola Zero Sugar.
Amid a shrinking market for sugary, carbonated beverages, Coca-Cola delivered earnings that topped estimates on ...
The single-origin teas are made from leaves grown on Rainforest Alliance-certified estates in southern JapanUnilever has launched the first matcha green tea offering from its recently launched Pure Leaf brand.
The single-origin teas are made from leaves grown on Rainforest Alliance-certified estate...
FIRC and ICMG will also establish a Food Innovation Platform for companies from both countries.Food Innovation and Resource Centre (FIRC) at Singapore has signed a memorandum of understanding (MoU) with intellectual capital management services consultancy ICMG. The aim is to promote collaborations b...
Acquisitions by food-service company total $2.35 billion.
Food-service company Aramark plans to acquire two closely held companies for a total of $2.35 billion, in its largest deals since going public nearly four years ago.
The company is buying Avendra LLC, which procures food, supplies and such ...
The deal will be carried out through its wholly owned subsidiary Hilton Foods and is in line with its growth strategyGlobal meatpacking firm Hilton Food Group (Hilton) has entered into an agreement to acquire chilled fish processor Icelandic Group UK (Seachill) for a cash consideration of £80....
Starting in January 2018, the expansion will allow the company to introduce new product lines into its existing factory as well as create a dedicated distribution centre and packaging siteScottish marmalade and jam producer Mackays has announced a £3.8 million expansion to its site in Angus, S...
The plant in Florenceville-Bristol, New Brunswick is one of 11 McCain factories in North America – including six in CanadaPotato chip company McCain Foods has completed a CAD 65 million ($51.46 billion) expansion of its flagship potato processing facility in New Brunswick, Canada.
This represents...
Nestlé plans to strengthen its presence and growth in the region with this new facilityFood and beverage company Nestlé has plans to build a new infant formula factory at its site in Vologda, Russia, with an investment of RUR1.8bn ($31.4m).
Nestlé plans to strengthen its presence and...
Ontario will be investing around C$11m ($8.8m) in Ferrero Canada’s C$90m ($72.1m) project through its Jobs and Prosperity Fund - Food and Beverage Growth Fund.The Government of Ontario in Canada has recently agreed to support chocolate and confectionery products manufacturer Ferrero Canada’s...
