Nonni’s Bakery has leveraged its premium biscotti expertise rooted in its Italian heritage to become a leading biscotti company in the US A Ferrero-related company, CTH Invest SA, announced that it has agreed to acquire Nonni’s Bakery from Vestar Capital Partners, a leading U.S. middle-market private equity firm. Founded in[Read More…]
Europe
Podravka and Fortenova group sign agreement for acquisition of Belje, PIK Vinkovci and Vupik
The transaction is valued at 333 million euros and Podravka will finance this acquisition through loans from commercial banks Following the successful conclusion of negotiations, Podravka and Fortenova group signed a sale and purchase agreement for the purchase of Fortenova group’s agricultural segment, which includes Belje, PIK Vinkovci, Vupik, Energija[Read More…]
Ireland launches £46million scheme to support agri-food and drink processors
The capital investment will assist companies in adopting greener technologies, aligning with our net-zero targets. Importantly, it also aims to boost the sector’s productivity Conor Murphy, Economy Minister of Ireland has announced the launch of a £46 million Agri-Food Investment Initiative to support local agri-food and drink processors. The initiative,[Read More…]
IFarm to develope robotic vertical farm in Switzerland
The vertical farm will have a 1,031 m² cultivation area and will produce green crops, amounting to several tonnes of ultra-fresh greens per month UAE-based, iFarm, a technology company enabling IT-driven farming in controlled environments, announced the start of the construction of a vertical farm with its technologies in Switzerland. The[Read More…]
China to investigate 3 EU pork processors’ alleged dumping practices
All three companies selected for investigation are among the largest pork processors in Europe China will be conducting detailed examinations of three major European pork processors as part of its recently announced investigation into alleged “dumping practices of pig products” on the Chinese market. The companies being investigated are Danish[Read More…]
NoPalm Ingredients secures € 5Mn to scale up palm oil alternative
The investment will accelerate the company’s mission to provide a local, circular and sustainable solution for the global palm oil market NoPalm Ingredients, the pioneering Dutch biotechnology company producing yeast oils, announced the successful closure of a € 5 million Seed funding round. The funding round was led by Rubio[Read More…]
North Sea Farmers to open seaweed cultivation farm
The project is led by North Sea Farmers (NSF) and executed by a consortium of scientific researchers and partners from the seaweed industry The world’s first commercial-scale seaweed farm will open within the wind farm ‘Hollandse Kust Zuid’ (HKZ), located about 18 kilometres off the coast of Scheveningen in the[Read More…]
Research says Vibrio bacteria in seafood expected to increase
EFSA’s experts analysed the possible effects climate change could have on a wide range of food safety-related issues, including Vibrio bacteria in seafood The prevalence of Vibrio in seafood is expected to increase both globally and in Europe because of climate change, especially in low-salinity or brackish waters, according to the European Food Safety Authority’s (EFSA) latest[Read More…]
Mars Food & Nutrition announced expansion in ready meals space
Ben’s Original ranges of ready meals launch from the US to the UK offering new healthy, convenient innovations Mars Food & Nutrition, a Mars, Incorporated business segment with some of the world’s leading food brands, has announced its expansion in the ready meals space, starting with the launch of Ben’s[Read More…]
Refresco acquires Frías Spanish manufacturer of plant-based drinks
Frías produces private-label plant-based drinks, including almond, rice, hazelnut, and soy drinks, for key Spanish retailers and beyond Refresco, the global independent beverage solutions provider for retailers and global, national, and emerging (GNE) brands in Europe, North America, and Australia, announces it has agreed to acquire Frías Nutrición (Frías) from[Read More…]
