The two food businesses are category leaders in private-label chilled party foods and dips and deli fillings, with a combined turnover of over £160m and over 1,150 employees The Complete Food Group announced that SK and Zorba Foods have been acquired from The Entrepreneurial Food Group. The two food businesses[Read More…]
Finance
Ingredion completes sale of business in South Korea
The Company will work closely with the Sajo Group to ensure a smooth transition for all stakeholders Ingredion Incorporated, a leading global provider of ingredient solutions to the food and beverage industry, announced that it has completed the sale of its business in South Korea to an affiliate of the Sajo[Read More…]
Finnest invests $65 Mn in Kitchens@
Kitchens@ has played a pivotal role in shaping the landscape of the cloud kitchen segment in India Kitchens@, a leading powerhouse in the dynamic cloud kitchen industry, announced the successful acquisition of $65 million in funding from Finnest, an emerging growth investment firm headquartered in London. Significantly, Swiggy was pivotal as a major investor[Read More…]
FGen AG gets funding for sustainable milk protein production project
The EIC has tapped FGen and partners to work on developing a sustainable, alternative approach to milk production using only CO2 and electricity FGen AG, a subsidiary of Ginkgo Bioworks, based in Switzerland, has been awarded funding through the European Innovation Council’s (EIC) Pathfinder Challenge program. This is part of an international research[Read More…]
Chobani acquires La Colombe
Chobani financed the acquisition through the combination of a newly issued $550 million term loan, cash on hand and the exchange of Keurig Dr Pepper’s (KDP) minority equity stake in La Colombe into Chobani equity Chobani, LLC a next-generation food and Beverage Company originally known for its high-quality Greek yogurt, announced that it has[Read More…]
ADB supports Lao’s response to food security challenges
ADB supported the Ministry of Agriculture and Forestry in raising $10 million in grant financing from the global agriculture and food security program The Asian Development Bank (ADB) signed a $10 million grant with the Government of the Lao People’s Democratic Republic (Lao PDR) to strengthen responses to food security[Read More…]
Union Bank of Philippines and S&R launch Co-branded credit card
A co-branded credit card that will make grocery shopping, dining, and lifestyle spending more rewarding Union Bank of the Philippines (UnionBank) has teamed up with S&R, the largest membership-only grocery chain in the country, for a co-branded credit card that will make your grocery shopping, dining, and lifestyle spending more rewarding. That’s[Read More…]
Gates Foundation announces partnership with UAE to accelerate action to strengthen food systems
Together, they made new commitments totalling $200 million in response to immediate and long-term threats to food security and nutrition caused by climate change The Bill & Melinda Gates Foundation joined the United Arab Emirates (UAE) to accelerate the development of innovations that will help smallholder farmers in sub-Saharan Africa and South Asia build resilience and[Read More…]
Zespri unveils ZAG, innovation funding initiative for sustainable future
The $2 million annual fund will propel initiatives to help shape a thriving world through the goodness of kiwifruit Zespri, the world’s largest kiwifruit marketer with over $2.5 billion in revenue announced the establishment of an innovation funding initiative, known as ZAG. Powered by its purpose – to help people, communities and the environment around the world thrive[Read More…]
Afreximbank announces $2Bn for food security initiative in Africa
The initiative is intended to help address food insecurity in Africa, which includes a nearly 20 per cent hunger rate, by reducing dependence on other regions for much-needed food commodities The African Export-Import Bank (Afreximbank) in Cairo, entered into a framework agreement for the Export Agriculture for Food Security (ExAFS)[Read More…]
