The company also plans to open over 100 larger and better food stores by FY2028 M&S has announced a £50 million investment in stores across the North West of England for the coming year, creating 300 jobs and adding 100,000 square feet of retail space in the area. This investment[Read More…]
Finance
Prinova acquires Brazilian distributor Aplinova
The acquisition of Aplinova follows the takeover of Brazilian citrus oil processor Flavor Tec in 2023 Prinova has continued its global expansion with the acquisition of Brazilian ingredients distributor Aplinova Based in São Paulo, Aplinova is a leading provider of specialty ingredients for various market segments, including food, beverage, supplements[Read More…]
JBS announces $100 Mn investment plan for Vietnam
The plants will be responsible for producing beef, pork, and poultry and will primarily use raw materials imported from Brazil to supply the Vietnamese market and other Southeast Asian countries JBS has just announced a $100 million investment plan for the construction of two factories in Vietnam, a move aimed[Read More…]
Fresh Del Monte acquires majority stake in Avolio
The acquisition of Avolio allows Fresh Del Monte to convert avocados into premium avocado oil Fresh Del Monte Produce, one of the world’s leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, today announces its acquisition of Avolio, Uganda’s leading supplier of bulk crude[Read More…]
Bunge to sell European margarines and spreads business to Vandemoortele
With this agreement, Vandemoortele expects to acquire Bunge’s margarines and spreads business in Germany, Finland, Poland and Hungary, along with its spreads and margarine manufacturing sites Bunge has announced an agreement to sell its European margarines and spreads business to Vandemoortele, a leading family-owned food group in Europe with a[Read More…]
Woodland Gourmet acquires Sevillo Fine Foods
This strategic move aims to enhance Woodland Gourmet’s product portfolio and value-added capabilities, further solidifying its position in the food service, retail, and industrial markets Woodland Gourmet, a leading provider of custom culinary solutions, announced the acquisition of Sevillo Fine Foods, a creator of chef-inspired, ready-to-eat frozen ingredients. This strategic[Read More…]
Brevel expands seed round to $25 Mn through warrant exercise
Microalgae protein innovator paves the path to cost parity with dual-tech processes Israel-based Food-tech company Brevel, Ltd., secured more than $5 million in a seed extension up-round, bringing the total investment in the round to $25 million. This investment injection allows it to accelerate its go-to-market strategy and develop microalgae[Read More…]
Unilever to sell The Vegetarian Butcher to Vivera
This divergence makes a sale of the brand the best option for both Unilever and The Vegetarian Butcher Unilever has announced that it has received a binding offer from Vivera to acquire The Vegetarian Butcher. The brand was bought by Unilever in 2018 by founder Jaap Korteweg and has since[Read More…]
Saputo Dairy Australia sales King Island Dairy business
SDA remained hopeful of finding an alternative solution, given the substantial impact on employees and the broader community Saputo Dairy Australia (SDA) announced it has entered into a binding agreement to sell its King Island Dairy business. As part of the agreement, impacted employees will receive an offer to transfer[Read More…]
Nestlé acquires 40% stake in China’s confectionery manufacturer Xu Fuji
Nestlé formed a partnership with Xu Fuji in 2011, acquiring 60 per cent of Xu Fuji’s shares and providing technical and market support for the Xu Fuji brand series Nestlé China announced that it has reached an agreement with the Xu family to acquire the remaining 40 per cent stake[Read More…]
