The milk will be supplied to five breast banks in neonatal wards across Australia. NeoLacta Lifesciences was granted permission to start selling breast milk to Australians, last year. The milk will be given to the five breast milk banks in Western Australia, New South Wales, Victoria and Queensland for feeding[Read More…]
Finance
Sovos Brands acquires Rao’s Speciality Foods
Rao’s Specialty Foods is the second acquisition in less than six months for Sovos, which seeks to acquire and build value in one-of-a-kind food and beverage brands. Sovos Brands, a new food and beverage company formed by Advent International has agreed to acquire Rao’s Specialty Foods, Inc. The transaction is[Read More…]
Starpharma sells crop chemical business to Agrium for $26m
The acquisition is comprised of key patents, technical know-how, and a small number of staff based in Melbourne Australia based biotech firm Starpharma Holdings has recently sold its agro-chemicals unit to Agrium which deals with farm products. The transaction is valued at $26.4 million. Starpharma in a statement said, “It[Read More…]
Papa John’s Expands Its Presence In Chile And Spain
The Company has signed expansion agreements with Drake QSR AG (Drake), for the brand BETTER INGREDIENTS. BETTER PIZZA. Papa John’s International Inc., the world’s third largest pizza delivery company has announced to continue its global expansion with plans to open additional restaurants in Chile and Spain. The company has signed[Read More…]
Starbucks invests $50 million to expand Carson Valley distribution facility
The expansion will bring 100 new jobs to the location, bringing the distribution workforce to nearly 350. Starbucks operations in Carson Valley plans to expand over the next year with the addition of 700,000 square feet distribution portion to Carson valley roasting plant and distribution center in Minden. The expansion[Read More…]
NUS, NTU Increase Food Options For Students
According to sources, the number of food and beverage outlets at NUS has increased by close to 50 per cent over the last decade. It will have 66 stalls across all five canteens by the year end, five food courts, and 41 restaurants, cafes and kiosks. As more students stay[Read More…]
Indian Railways to start an optional food facility on 10 trains
IRCTC has collaborated with players such as Sagar Ratna, Saravana Bhavan, Bikanervala, Nirula’s, KFC, McDonald’s, Haldiram’s, Domino’s and Pizza Hut for its online e-catering facility. Indian Railways will make food order optional on all Rajdhani and Shatabdi trains which will reduce fares. A rail official reported to a news source[Read More…]
Barentz launched Vietnam to expand as ingredients supplier
Barentz, leading international ingredients distributor has established itself world-wide as a solutions provider, a role that is especially beneficial in a country like Vietnam, that still could gain from progressed quality within food manufacturing. Barentz, leading international ingredients distributor has established itself world-wide as a solutions provider, a role that[Read More…]
PepsiCo plans to acquire Vita Coco Owner
Vita Coco is the largest player in the coconut water beverage category. According to sources, the deal could be more than a month away. A leading news website has reported that PepsiCo Inc, a soft drink maker is in talks to acquire All Market Inc., the maker of leading coconut[Read More…]
Yum China buys majority stake in Daojia
Terms of the deal to buy the majority stake in the holding company of DAOJIA.com.cn were not disclosed, though details will be finalised by the close of May. Yum China Holdings has purchased a controlling stake in Daojia, a food delivery firm, in a bid to improve the restaurateur’s outgoing[Read More…]
