April 8, 2024 | Australia

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…

April 5, 2024 | Company News

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…

April 4, 2024 | Europe

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…

March 22, 2024 | Company News

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…

March 19, 2024 | Company News

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…

March 14, 2024 | Company News

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…

March 11, 2024 | Company News

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…

March 8, 2024 | Company News

Grupo Bimbo acquires Vel Pitar bakery in Romania

With the purchase of Vel Pitar, the Mexico-based company expands its global presence to include 34 countries on four continents Grupo Bimbo, the world’s leading and largest bakery company, announces…

March 7, 2024 | Australia

Inghams Group to acquire Bostock Brothers for NZ$35Mn

The deal includes the purchase of 100 per cent of Bostock Brothers Limited shares, the Bostock brand for poultry products, three farming properties, and a primary processing plant, with completion…

March 4, 2024 | Australia

Nestlé’s factory in Australia to get $32Mn boost for Milo

The investment will upgrade the Milo manufacturing line introducing state-of-the-art manufacturing technology to the factory and supporting an increased production capacity  Nestlé Australia has announced a $32 million investment in its Smithtown…