Both companies will also work on reducing supply chain costs and optimizing IT infrastructure. BAKING supplies retailer Phoon Huat has acquired a majority stake in Le Petit Depot, a Singapore-based online retailer that specializes in French food products. Phoon Huat now holds 91.5 percent interest – made up of ordinary[Read More…]
Singapore
Singapore-based startup TurtleTree to commercialize human lactoferrin product
Human Lactoferrin lately also referred to as pink gold because of it’s amazing properties for boosting immunity, resistance to infections and fighting off bad bacteria. Singapore-based startup TurtleTree, the pioneer of cell-based milk, is now preparing for the launch of its first commercially scalable product. Human Lactoferrin lately also referred[Read More…]
Oatly, Yeo Hiap Seng to invest S$30 M to produce oat drink in Singapore
Jointly they will produce the vegan milk producer’s popular oat drink in Singapore SWEDEN’S Oatly and Singapore’s food and beverage (F&B) manufacturer Yeo Hiap Seng (Yeo’s) will jointly invest S$30 million in equipment and facility to produce the vegan milk producer’s popular oat drink in Singapore, in what is seen[Read More…]
ChickP launches new APAC office in Singapore
New APAC office to expand the company’s plant-based protein in Asia to meet booming demand Israel-based food tech start-up ChickP Protein, Ltd. is expanding into Asia Pacific (APAC) with the launch of a new office in Singapore. The strategic move is in response to the rapidly growing demand for plant-based[Read More…]
Olam closes acquisition of Olde Thompson
Olam Food Ingredients completes acquisition of Olde Thompson Olam Food Ingredients (“OFI”) is pleased to announce that the acquisition of leading US private-label spices and seasonings manufacturer Olde Thompson, previously announced on April 29, 2021, was successfully completed on May 17, 2021 at an EV of US$950 million. Olam Food Ingredients[Read More…]
Turmeron International launches food grade joint supplement in Singapore
It is rich in effective Labdanes that assist the body to rebuild worn-out and overused joint components in the knees, hips, and fingers Turmeron International, the manufacturer, and distributor of Turmeron Joint, has launched the food-grade joint supplement in Singapore (and Asia). Featuring their proprietary ingredient, Shiro-Ukon also known as[Read More…]
NutryFarm ventures Into Singapore’s durian market with Ebuy
Under the MOU, Ebuy will import and distribute pre-packaged durians into Singapore from Malaysia and Thailand on behalf of Global Agricapital The Board of Directors of NutryFarm International Limited announced that Global Agricapital Holdings Pte. Ltd. (“Global Agricapital”), a wholly-owned subsidiary of the Company, had on 11 May 2021 entered[Read More…]
Olam to acquire US based Olde Thompson
Olam Food Ingredients accelerates its growth strategy with a transformative US acquisition Olam Food Ingredients (“OFI”) is acquiring a leading US private label spices and seasonings manufacturer Olde Thompson at an EV of US$950 million through its wholly owned subsidiary Olam Holdings Inc. This acquisition reinforces OFI’s growth strategy of being[Read More…]
Singapore receives funds worth S$6 M for food sciences research
NUS and SIT will each receive a S$3 million gift towards the Food Science and Technology discipline. The National University of Singapore (NUS) and the Singapore Institute of Technology (SIT) recently received gifts totalling S$6 million from the Prima Group, in conjunction with its diamond anniversary, which will support a professorship,[Read More…]
Firmenich opens innovation centre for smart proteins in Singapore
The new Center will serve as a regional R&D hub for Asia Swiss company Firmenich has recently announced the launch of its Culinary and SmartProteins Innovation Center in Tuas, Singapore. The new Center will serve as a regional R&D hub for Asia and a global centre of expertise in alternative proteins for meat and dairy analogs. The[Read More…]
