The assistance will fund a comprehensive program spanning the entire food production process—from farming and processing to distribution and consumption The Asian Development Bank (ADB) announced plans to expand its support to long-term food and nutrition security in Asia and the Pacific by $26 billion, bringing its total funding for[Read More…]
Finance
Pluri acquires Kokomodo to advance cultivated cacao production
The collaboration is expected to accelerate production scale-up, global market entry, and product innovation in sustainable cacao ingredients Pluri announced it has completed the strategic acquisition of a 71 per cent equity stake in Kokomodo Ltd., a cultivated cacao AgFoodTech company, for $4.5 million in Pluri common shares. The deal[Read More…]
Nestlé reports 2.8% organic growth in Q1 2025
Confectionery and coffee led category growth, with organic increases of 8.9 per cent and 5.1 per cent respectively, driven largely by pricing actions taken to counter input cost inflation Nestlé announced its financial results for the first quarter of 2025, reporting organic sales growth of 2.8 per cent, underpinned by[Read More…]
Huhtamaki acquires Zellwin Farms Company
The transaction will benefit Huhtamaki with additional capacity and capabilities in moulded fibre packaging Huhtamaki has acquired Zellwin Farms, a privately owned business located in Zellwood, Florida, in the United States. The $18 million enterprise value transaction will support Huhtamaki’s growth within the moulded fibre industry, specifically for egg cartons[Read More…]
Unilever delivers resilient Q1 performance sets stage for Magnum ice cream spin-off
The company confirmed that the long-anticipated separation of its Ice Cream division remains on track for the fourth quarter of 2025, with the new entity to be named The Magnum Ice Cream Company Unilever has reported a steady start to 2025, posting 3 per cent underlying sales growth in the[Read More…]
Baldor Specialty Foods acquires premium meat company Golden Packing
This venture will enable Baldor to provide an increased selection of center-of-plate proteins to its 14,000+ customer base Baldor Speciality Foods announced that it has acquired premium meat company Golden Packing to enhance its meat offerings. Baldor, the leading premium food distributor in the Northeast and Mid-Atlantic region, will take over[Read More…]
Lactalis reports solid growth in 2024 amid global challenges
The group invested heavily in its future, allocating over €1 billion towards enhancing its manufacturing capabilities and reducing its environmental footprint Lactalis, the world’s largest dairy group, has announced strong financial and operational results for 2024, reaffirming its resilience and leadership in a volatile global environment. The group posted revenues[Read More…]
The Alkaline Water Company finalises strategic equipment acquisition
Company strengthens its manufacturing capabilities and looks to reduce production costs and improve margins The Alkaline Water Company, a leader in the beverage industry known for its purified alkaline water, enhanced with Himalayan rock salt, announced the finalisation of its previously announced equipment acquisition with FZA Note Buyers LLC, a Florida limited[Read More…]
Australia’s Woolworths Group to acquire Beak & Johnston
The New Zealand Commerce Commission (NZCC) is also considering a clearance application from Woolworths for its proposed acquisition of B&J The ACCC will not oppose Woolworths Group Limited’s proposed acquisition of Beak & Johnston Holdings Pty Ltd (B&J). Woolworths currently holds a minority 23 per cent interest in B&J City[Read More…]
Mondelēz International invests 65Mn Swiss Francs in Toblerone facility in Switzerland
A state-of-the-art production line is scheduled to go into operation in autumn 2025 Mondelēz International has announced a significant investment of 65 million Swiss francs in its Toblerone manufacturing facility in Switzerland. With this investment, the company is creating a global center of excellence for Toblerone in Bern (Switzerland), from[Read More…]
