The acquisition of Better Baked Foods and Drayton Foods follows Schwan’s Co.’s acquisition of MaMa Rosa’s Pizza in June. Schwan’s Co. has acquired Better Baked Foods and Drayton Foods from NE Foods Inc., a move that will help the company increase its capabilities in the U.S. pizza market. Terms of[Read More…]
World News
PepsiCo announces new leadership appointments
Ramon Laguarta has been named president of PepsiCo, Inc., effective Sept. 1. Ramon Laguarta has been named president of PepsiCo, Inc., effective Sept. 1. Currently, Mr. Laguarta is chief executive officer of Europe Sub-Saharan Africa (ESSA) for the company. In his new role, he will oversee PepsiCo’s global category groups,[Read More…]
GLC to build new $55m facility in Wisconsin
In addition to the construction jobs, the company anticipates adding at least 125 new jobs within three years of completing the site. Great Lakes Cheese (GLC) has reached an agreement with the city of Wausau in Wisconsin to build a new $55 million cheese packaging plant. As part of the[Read More…]
Bottled Water becomes number-one beverage in the U.S.
New York City–based Beverage Marketing Corporation is the leading research, consulting and financial services firm dedicated to the global beverage industry. Capping a remarkable, decades–long streak of vigorous growth, bottled water passed a major milestone in 2016, when it surpassed carbonated soft drinks to become the largest beverage category by volume in the United[Read More…]
Unilever and Hormel compete to buy Reckitt Benckiser’s food unit
Unilever and Hormel are front-runners in a deal that is likely to top £2.2 billion. Anglo-Dutch conglomerate Unilever is vying with US canned meat producer Hormel Foods Corp to buy the foods division of British consumer goods maker Reckitt Benckiser. Unilever and Hormel are front-runners in a deal that is[Read More…]
Nestlé Portugal aims to boost production
Nestlé hopes the new facility will increase its efficiency while reducing environmental impact. Nestlé Portugal has started work on a €5 million distribution centre that will be responsible for 80 per cent of its food products sold abroad. Located in the town of Avanca, the project will include the construction[Read More…]
HEFCE announces funding for crop science
The funding from HEFCE will allow the 3CS to be housed in a state-of-the-art research laboratory at NIAB’s Cambridge site, where it will be led by a newly-appointed Professor of Crop Science. The Higher Education Funding Council for England (HEFCE) has announced funding for the creation of a new Cambridge[Read More…]
Givaudan enhances its dairy portfolio
Even though terms of the deal have not been disclosed, Vika’s business would have represented approximately €64 million of incremental sales to Givaudan’s results in 2016 on a proforma basis. Flavors and fragrance specialists Givaudan is acquiring Dutch enterprise Vika BV in a bid to bolster its portfolio of natural[Read More…]
Plasma Nutrition partnered with NBHRF to foster research on its technology
Partnership will allow the tech startup to meet growing expectations for research-based nutritional products. Singapore – Plasma Nutrition, a US- based tech start-up has joined a list of companies including AstraZeneca, Eli Lilly, Janssen and Merck, all of whom have partnered with the New Brunswick Health Research Foundation, an independent[Read More…]
PepsiCo reveals more about its incubator program
The PepsiCo Nutrition Greenhouse was launched in March 2017 and focuses on nutrition food and beverage products aimed at European consumers with sales of €2 million or less. PepsiCo announced the eight emerging nutrition, health and wellness brands that will join its first collaborative incubator program in Europe. Designed to[Read More…]
