Noble Foods in the UK makes investment in new facility to enhance product offerings
Noble Foods, a UK food producer, is strategically investing in an “added-value manufacturing site” in Leicestershire in order to introduce a new range of prepared...
Category : Finance
Bega Group announces relocation of Betta Milk and Pyengana Dairy production
Bega Group is relocating the production of the Betta Milk and Pyengana Dairy brands to its own factory in Hobart, Australia. This move follows the...
Danone set to divest its operations in Russia
Danone is reportedly planning to sell its operations in Russia to local dairy group Vamin Tatarstan. The French company is said to be set to...
Grupo Bimbo prepares for a “transitional phase” amidst shifts in consumer behavior.
The bakery business Grupo Bimbo is poised for a “transitional phase” in 2024 as it gears up for further improvements in revenues and EBITDA. The...
Harwood Private Equity Acquires US-based Crest Foods
UK-based investment firm Harwood Private Equity has acquired US manufacturer Crest Foods. The financial terms of the deal were not disclosed. Specializing in dry food...
Competition regulator in the UK to investigate infant-formula market
The UK’s Competition and Markets Authority (CMA) has recently launched a “market study” into the supply of infant formula in the country. The study comes...
Saputo’s Wensleydale Creamery Makes New Investment in Smoked Cheese Technology in the UK
UK cheese maker Wensleydale Creamery has invested an undisclosed sum in new machinery to increase its production of smoked cheese. The new technology has been...
Consumer Preferences Shift Back to Branded Products, According to Arla Foods Report
The farmer-owned cooperative, Arla Foods, reported its 2023 results, citing a boost in brand sales in the latter half of the year. However, overall sales...
Settlement reached for $9.3m in Oatly greenwashing lawsuit.
According to a court filing this week, investors suing Sweden’s Oatly have requested a federal judge to approve a $9.25m settlement after alleging that the...
Valio secures funding for a five-year research and development project
Valio, a Finnish dairy cooperative, has secured €10m ($10.8m) in government funding for its innovative research, development, and sustainable food system project. Named Food 2.0,...