The Lab and Innovation Kitchen will serve as a strategic Centre of Excellence and regional hub driving creative development and innovation in the biscuits and baked snacks category Mondelēz International announced the inauguration of its Regional Biscuit and Baked Snacks Lab and Innovation Kitchen in Singapore, reaffirming its commitment to[Read More…]
Finance
Kelpi secures £4.3Mn funding to take seaweed packaging to market
The funds will be used to advance manufacturing pilots and gain regulatory approval for proprietary coatings for paper and cards as well as continue a commercial roll-out which has already seen us win R&D contracts with global leaders like L’Oréal, Diageo, and Waitrose Kelpi has secured £4.35 million in investment[Read More…]
Valeo Foods Group acquires Italian bakery Dal Colle
Dal Colle provides a highly complementary addition to Valeo’s expanding Italian platform and operations Valeo Foods Group, one of Europe’s leading producers of quality sweets, treats and snacks, has completed the process of acquiring assets of a renowned Italian producer of high-quality bakery products, Dal Colle. With a history and[Read More…]
Italy’s Newlat Food to acquire Britain’s Princes Group
Princes’ head office is based in the UK (Liverpool) supported by a presence across continental Europe, managed by The Netherlands International food and drink group Princes announces that Italian-based Newlat Food S.p.A (Newlat) intends to acquire the entire Princes Group (Group) from Mitsubishi Corporation, encompassing all current operations and brands[Read More…]
Sirio sees surging revenues driven by rapidly rising international sales
Overall turnover has risen to $508m [€469m] during 2023 – up 42.87 per cent year-on-year Sirio Pharma (SIRIO) the global nutraceutical contract development and manufacturing organisation (CDMO) announces record revenues at Vitafoods Europe with international sales reaching near parity with domestic revenues for the first time. The CDMO, which is among the largest[Read More…]
Roquette launches LYCAGEL Flex softgel capsule
LYCAGEL Flex represents the ultimate solution for manufacturers seeking a quality, plant-based alternative to gelatin Roquette, a global leader in plant-based ingredients and a leading provider of pharmaceutical and nutraceutical excipients announced the launch of its new LYCAGEL Flex hydroxypropyl pea starch premix for nutraceutical and pharmaceutical softgel capsules. Built on Roquette’s[Read More…]
Burger King acquires Carrols Restaurant Group
The Company will invest a further $500M to accelerate the reimaging of more than 600 Carrols restaurants before franchising the majority of the acquired portfolio to new or existing smaller franchise operators over the next seven years Restaurant Brands International (RBI) announced that it has completed its previously announced acquisition of all[Read More…]
Uber Eats to acquire foodpanda delivery business in Taiwan
The companies have also agreed for Uber to purchase $300 million in newly issued ordinary shares of Delivery Hero Uber Technologies, Inc and Delivery Hero SE have reached an agreement for Uber to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $950 million in cash. The acquisition of foodpanda[Read More…]
Japan’s Nissui acquires Musashino Foods
The company has been expanding its business by focusing on frozen-sliced sushi products Nissui Co., Ltd., a company based in Minato-ku, Tokyo, has announced that it has acquired Musashino Foods Co., Ltd. The latter, which specialises in producing processed seafood products for raw consumption, will serve as Nissui Group’s production[Read More…]
Lankan firm to get control of Lipton tea estates in Kenya, Rwanda, and Tanzania
The two companies will raise tea quality globally and accelerate the application of responsible farming methods across the industry to drive sustainable growth LIPTON Teas and Infusions announced it has agreed terms of a partnership which will result in the transfer of its tea estates in Kenya, Rwanda, and Tanzania[Read More…]
