Adds breading, batter, and coating systems capabilities to the solutions portfolio Woodland Foods (Woodland) a provider of globally-sourced, plant-based ingredients based in Waukegan, IL, is pleased to announce that it has acquired Idan Foods (Idan), a provider of breading and batters, coating systems, baking mixes, and seasonings based in Hawthorne, NJ. The Idan[Read More…]
Finance
Emmi acquires majority stake in Verde Campo in Brazil
Brazil, a strategic key market for Emmi, is the largest market for dairy products in Latin America Laticínios Porto Alegre, Emmi Group’s Brazilian subsidiary, is to acquire a majority shareholding in the Verde Campo dairy from Coca-Cola in the state of Minas Gerais. The move consolidates Emmi’s market position in[Read More…]
BRIDOR announces acquisition of PANDRIKS
With this major acquisition, BRIDOR continues its strong global growth and emphasises LE DUFF Group’s commitment to accelerate its growth in the bakery sector BRIDOR, a subsidiary of LE DUFF Group (turnover of nearly EUR 3 Billion in 2024, with a presence in 100 countries) announces the acquisition of PANDRIKS[Read More…]
Australia’s CSIRO invests $20 million to drive SME innovation
The funding will allow CSIRO’s SME Connect team to support up to 750 SMEs through a range of programs and initiatives that provide facilitation, training, dollar-matched funding and support to start-ups and SMEs seeking to engage in company-led research projects Australia’s national science agency, CSIRO, has announced a $20 million[Read More…]
McDonald’s Corporation to acquire back franchise restaurants in Israel
The business has now expanded to 225 restaurants, with over 5,000 employees Omri Padan, CEO and owner of Alonyal Limited has confirmed that McDonald’s Corporation has signed an agreement to acquire Alonyal. Alonyal is in charge of operating and owning McDonald’s restaurants in Israel, where it started its journey more[Read More…]
Swedish startup Ironic Biotech raises €1Mn to address iron deficiency and anaemia
The team is now looking for partners in the food and food supplement industry to work with Swedish biotech startup Ironic Biotech has successfully closed a pre-seed funding round of €1M, led by Nordic Foodtech VC. Ironic Biotech has discovered a new generation of plant-derived proteins that contain iron, which are[Read More…]
Singapore’s Apical invests $1 Bn to expand palm oil products in Dumai, Riau
This move is expected to expand the company’s distribution network and contribute to the growth of the Indonesian economy Singapore-based Apical, a leading vegetable oils processor with an expanding global footprint, has announced that it has invested $1 billion in Dumai, Riau to boost the production of its value-added products in Indonesia. The investment, which commenced[Read More…]
Trident Seafoods sells Petersburg, Alaska plants to E.C. Phillips & Son
Trident announced in December 2023 that it is seeking buyers for four of its Alaska-based plants as part of a comprehensive, strategic restructuring initiative Trident Seafoods announced that it has reached an agreement to sell its processing plant, bunkhouse, galley, and two housing units in Petersburg, Alaska, to E.C. Phillips[Read More…]
Seaweed bacon company Umaro Foods secures $3.8 Mn funding
Following their successful funding round – which was led by venture capital firm Agfunder – the Umaro Foods team is aiming to diversify its product range, along with expanding its technology platform for processing seaweed Umaro Foods, an alternative protein company based in Berkeley, California, has announced a successful second[Read More…]
UAE’s Unifrutti Group acquires Bomarea and AvoAmerica Peru
Unifrutti further expands its global multifruit platform into blueberries and avocados through the acquisition of Bomarea and AvoAmerica Peru Unifrutti Group, a leading global producer and distributor of fresh fruit, announced the acquisition of 100 per cent of Bomarea and the Peruvian operations of AvoAmerica (AvoAmerica Peru) from the US-based agribusiness investment[Read More…]
