China is a key market for TSI’s global muscle health growth strategy. China’s Food and Drug Administration (CFDA) has granted ingredient supplier TSI Group (Missoula, MT) an exclusive license to produce the ingredient beta-hydroxy-beta-methylbutyrate (HMB) for use in food products in China. The company is the first and only one[Read More…]
Company News
Researchers in Taiwan suggest benefits of Lycopene
The causes of BPH are mainly associated with genetic inheritance, but men who eat foods high in animal fats also have higher risk of developing the condition. Medical research suggests that eating foods that contain lycopene, commonly found in red fruits and vegetables, can improve benign prostatic hyperplasia (BPH), a[Read More…]
Nestlé USA to acquire plant-based food manufacturer Sweet Earth
With this acquisition, Nestlé USA will foray into the plant-based foods segment. Nestlé USA is acquiring plant-based foods manufacturer Sweet Earth. With this acquisition, Nestlé USA will foray into the plant-based foods segment, which is expected to become a $5bn market by 2020. Nestlé USA chairman and CEO Paul Grimwood[Read More…]
52% stake in Italy-based ingredient maker Geovita acquired by Ebro
Founded in 1986, Vegetalia has been engaged in the production and distribution of a broad range of organic food products Spain-based Ebro Foods has acquired a 52% stake in Italian ingredient manufacturer Geovita Functional Ingredients and its subsidiary Geovita Nutrition (together Geovita) for €16.5m. Ebro Foods claimed that the deal[Read More…]
Cofco forms partnership with Growmark for grain supply
The grain supply partnership is the latest expansion move by CIL. China’s state-owned COFCO International Ltd (CIL) and U.S. farm cooperative Growmark Inc will partner in a deal that gives China more direct access to the food it imports. The grain supply partnership is the latest expansion move by CIL[Read More…]
Magners owner C&C acquires Admiral Taverns
The move, taken alongside investment company Proprium Capital Partners provides further evidence of the strong appetite for dealmaking in the pub sector Magners owner C&C has acquired Admiral Taverns alongside a US investment fund. The Irish drinks giant, which also owns Bulmers cider and Scottish beer brand Tennent’s, is investing[Read More…]
Little Dish acquired by Profile Capital in £17m deal
Little Dish currently sells in Ireland through Dunnes Stores, Tesco, SuperValu and some independent grocers and focused on creating nutritious, additive free-chilled meals for toddlers and babies US investment firm Profile Capital has acquired healthy baby food group Little Dish in a £17 million deal that has delivered a second windfall for[Read More…]
Danone Murray Goulburn launches high protein yoghurt
Yopro is high protein yoghurt with 15g of protein Australia based food company, Danone Murray Goulburn has launched Yopro which is an Australian high protein yoghurt with 15g of protein, no added sugar, no artificial sweeteners and less than 0.5 per cent fat. Made in Kiewa Valley, Victoria with milk[Read More…]
Fonterra opens up new cheese factory in Australia
The new cheese plant can process up to 1.3 million litres of milk every day. New Zealand dairy cooperative Fonterra has announced the opening of a new AUD $150 million ($119 million) cheese plant in Australia which the company hopes will help meet growing demand. The factory, based in Victoria, will[Read More…]
IKEA ensures vegetarian options in the Indian menu
IKEA is preparing to open its first store in Hyderabad next spring with a shopping area spread over 400,000 sq ft. The world’s biggest furniture retailer IKEA is also a top restaurateur, and its characteristically Swedish menu helps sustain the stamina of shoppers at the giant DIY stores. The retailing[Read More…]
