Two frozen vegetable processors in the US, Twin City Foods and Smith Frozen Foods, set to merge
US frozen food companies, Twin City Foods and Smith Frozen Foods, have entered into a nonbinding agreement to merge and form a new entity named...
Category : Finance
Australian retailer Coles denies allegations of price gouging
Amid political scrutiny over inflation in the food and beverage industry, Australian grocery giant Coles has denied accusations of price gouging. Coles CEO Leah Weckert...
Dole divests Progressive Produce unit to Arable Capital Partners
Dole, a leading fresh produce company, has announced plans to sell its 65% stake in North American Progressive Produce to agri-food investor Arable Capital Partners...
Rich Products to increase production capacity in the United States
Rich Products, a US-based food and beverage company, is set to invest $27m in expanding its production facility in Tennessee. This expansion project in Morristown...
UK’s This launches final crowdfunding campaign ever
The UK-based meat-alternative company, This, is gearing up to launch a crowdfunding campaign, which it anticipates will be its “last ever crowdfund,” as stated on...
Pulmuone from South Korea forms partnership with Germany’s Infinite Roots
In a move to cater to the local consumers’ preferences in the South Korean market, German plant-based food business Infinite Roots has collaborated with South...
Iceland reduces prices of Nestlé baby formula products as part of UK market probe
In a move to address the scrutiny on the cost of infant formula in the UK, UK retailer Iceland Foods is reducing the price of...
Study reveals UK plant-based cheese has highest salt content
In a new study released by UK research group Action on Salt, it was found that plant-based cheese contains more salt than its conventional equivalents...
The Vegan Food Group from the UK acquires Tofutown in Germany
In a strategic move within the food and beverage industry, UK-based The Vegan Food Group (VFG) has expanded its reach in Europe by acquiring German...
Oishii secures $134 million to expand their vertical strawberry farming business
Oishii, a US-based vertical farming group, recently closed a $134m Series B round, with Japanese telecommunications group NTT leading the investment. The company plans to...