Yara International ASA has announced that it has completed the acquisition of Agronomic Technology Corp (ATC). ATC operates Adapt-N, which is a leading nitrogen recommendation platform in the US that can improve farmer profitability, as well as agricultural sustainability. The acquisition of ATC was completed in line with Yara’s strategy[Read More…]
Company News
Innophos Acquires NutraGenesis for $28 Million
The acquisition is expected to be accretive to Innophos’ earnings per share in the first year following the close of the transaction. Innophos Holdings, has acquired NutraGenesis, a Vermont-based marketer of proprietary, branded and science-backed nutraceutical ingredients. Under the terms of the purchase agreement, Innophos has acquired all of the outstanding equity interests of NutraGenesis, Icon Group[Read More…]
Amazon to Shut Fresh Grocery Delivery Service in Select Areas
This has come as a surprise, after amazon took a huge leap into groceries with the acquisition of whole foods. Amazon is ending its Fresh grocery delivery service for select zip codes, though it continues to operate in a range of cities from Los Angeles to Tokyo. This has come[Read More…]
Frutarom acquires AB-Fortis product from Spain’s AB-Biotics
AB-Fortis is a patent-protected micro-encapsulation technology that enables delivery of iron with increased biological absorption, while avoiding the side effects of metallic taste and digestive problems Flavour company Frutarom has signed an agreement with Spanish biotech company AB-Biotics to acquire its iron deficiency ingredient AB-Fortis. AB-Fortis is a patent-protected micro-encapsulation[Read More…]
Coca-Cola to focus more on European sustainability strategy
To ensure that none of their packaging ends up as litter, the companies will aim to collect 100% of their packaging The Coca-Cola Company in Western Europe and Coca-Cola European Partners (CCEP) will aim to double the use of recycled plastic for their PET bottles to at least 50% by[Read More…]
Nespresso introduces range of candy-inspired coffee capsules
The brand has teamed up with artists Craig & Karl, who have brought their signature colours and patterns to the range Nespresso has launched a limited-edition collection of coffee capsules which are inspired by traditional candies. The brand has teamed up with artists Craig & Karl, who have brought their signature[Read More…]
SweeGen’s sweetener approved for use in food and beverage categories
The sweetener is derived from the stevia leaf and is already approved for steviol glycosides Federal Commission for Protection Against Health Risks has approved SweeGen for its Reb M sweetener for use in food and beverage categories. The sweetener is derived from the stevia leaf and is already approved for[Read More…]
Veolia initiates a deal with Danone Nutricia
By implementing Veolia’s technologies at its plant in Wuxi, Danone Nutricia will be able to save on water consumption and improve water usage efficiency. Veolia Water Technologies China Industrial has signed a contract to provide China-based Nutricia Pharmaceutical Co. Ltd. (Danone Nutricia) with a turnkey solution for water purification. By[Read More…]
Vital Proteins Debuts Collagen Creamers
The dairy-free offering provides 10g of collagen protein per serving. Vital Proteins’ latest debut is bringing collagen into the coffee aisle. The new Collagen Creamers made with organic coconut milk contain only clean, simple ingredients—each serving packing 10g of collagen, healthy fats, and naturally-sourced spices. Shelf-stable and convenient, these powdered creamers are[Read More…]
Unilever to Acquire TAZO Tea Brand from Starbucks for $384 Million
Unilever will acquire the TAZO brand and all related intellectual property, signature recipes and inventory for $384 million. Unilever has reached an agreement to acquire the TAZO brand from Starbucks. TAZO is a leading brand in the fast-growing specialty tea category. Under the asset purchase agreement, Unilever will acquire the TAZO brand and all[Read More…]
