Smithfield Foods to Shut Down U.S. Production Facility
US pork processor Smithfield Foods has announced the closure of another facility, this time in Springfield, Massachusetts. The company filed a Worker Adjustment and Retraining...
Category : Finance
Hershey Aims for Reduced Price Sensitivity Amid Lower Volume Trends
Hershey projects “lower sensitivity” to volume changes from pricing across its product range, even as the confectionery and snacks powerhouse grapples with cocoa inflation. The...
US FDA Modifies Food Color Labeling Regulations
The US Food and Drug Administration (FDA) has updated its labeling regulations regarding food dyes, enabling manufacturers who use ‘natural’ food dyes to claim “no...
The Fini Company Acquires German Confectionery Brand Tri D’Aix
Spain-based Fini Company has acquired the German confectionery firm Tri D’Aix for an undisclosed sum. This strategic move aims to enhance Fini’s position within the...
Good Guys Bakehouse Welcomes Industry Veteran as New Investor
Ex-St Pierre Groupe CEO David Wagstaff has made a significant investment in the emerging UK firm Good Guys Bakehouse, focusing on innovative developments within the...
BellRing Brands CEO Announces Departure
Darcy Davenport, the President and CEO of BellRing Brands, is set to depart from the U.S. sports nutrition company. This announcement coincided with the release...
Japan’s Nichirei Foods Announces Plans for US Frozen Foods Plant
Japan’s Nichirei Foods is poised to enhance its presence in the U.S. market with the establishment of a new frozen food manufacturing facility in Arkansas....
Fit Foods Attracts Investment in Sports Nutrition Sector
Canadian sports nutrition company Fit Foods has attracted investment from the venture-capital firm Westcap, enhancing its position in the competitive food and beverage industry trends....
Marzetti Expands Sauce Offerings with Acquisition of Bachan’s
Marzetti has expanded its portfolio in the food and beverage industry by acquiring California-based Bachan’s for a substantial $400 million. This strategic move aligns with...
Hain Celestial Review Leads to Snack Disposal
Hain Celestial has made the strategic decision to divest its North American snacks business as part of a comprehensive review of its operations and assets....