Danone says that the investment will double the production capacity of the facility. Danone has invested NZL 25 million ($18.3 million) in its Airport Oaks infant formula blending and processing facility in Auckland, New Zealand. Danone says that the investment will double the production capacity of the facility, and will[Read More…]
Finance
ThaiBev Q1 profit drops 62%
The firm incurred acquisition costs of 2.35 billion baht from the four deals it completed in the quarter which sent net profits down in the first quarter. Thai spirits maker Thai Beverage has posted a first quarter net profit of 2.91 billion baht (US $ 122 million), down 62.3 percent[Read More…]
Danone to sell part of Yakult stake
The divestiture will be carried out through a market transaction launched by Yakult and is expected to settle in March. French food company Danone has announced its plans to sell part of its 21.3 per cent stake in Japanese probiotic dairy company Yakult. The divestiture will be carried out through[Read More…]
Newly Weds Foods strengthens its position in Liquids Manufacturing
Newly Weds Foods has announced the acquisition of Mullins Food Products. Newly Weds Foods, Inc. has announced the acquisition of Mullins Food Products, a leading sauce supplier in the U.S. The company was established in 1934 and currently operates out of its facility in Broadview, Illinois. Mullins Food Products manufactures[Read More…]
Tyson invests in Smart-Oven Startup Toyala
Tyson, through its venture capital group, said its investment in Tovala opens the door to new ways of meeting consumer demand. Terms of the deal were not disclosed. Tyson Foods has announced that they have invested in Tovala, the maker of smart steam ovens that pair with ready-to-cook home delivered[Read More…]
Arla Foods announces the investment of 527 million euros in 2018
The decision to significantly increase investments was approved at a meeting in London by Arla Foods’ board of directors, which consists mainly of elected farmer owners. The company will invest in expanded and improved production capacity as well as innovative technology. To meet the growing global demand for its products,[Read More…]
Goldman Sachs invests in Ripple Foods
This is Ripple’s largest capital infusion and brings the two-year-old company’s total funding to $110 million. Goldman Sachs Group Inc recently participated in a $65 million investment in Ripple Foods Inc. The startup is involved in making a milk-like drink from yellow peas. The investment, which was led by Euclidean Capital, includes[Read More…]
USDA’s National Institute of Food and Agriculture announces support to speed up the development of crop varieties
Funding is made through the Agriculture and Food Research Initiative, which seeks to address challenges in food and agricultural sciences through research, extension, and education opportunities. USDA’s National Institute of Food and Agriculture, an equal opportunity lender, provider and employer has announced support for Early Concept Grants for Exploratory Research[Read More…]
Lab-made meat startup SuperMeat raises $3 million in seed funding
SuperMeat is being backed by the U.S.-based venture capital fund New Crop Capital and mission-oriented VC firm Stray Dog Capital, in addition to the strategic investment from PHW, one of Europe’s largest poultry producers. An Israeli biotech and food-tech startup, SuperMeat that develops lab-made chicken meat has raised $3 million[Read More…]
GEA acquires Italian Pavan Group
The acquisition is an important milestone in the declared growth strategy for further expanding food processing activities for the world’s leading process solutions and components group for sophisticated production processes. GEA has purchased a supplier of extrusion and milling technology for processing all kinds of fresh and dried pasta, pelleted[Read More…]
