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...
Category : Finance
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,...
Upside Foods puts plans for new US factory on hold
In the food and beverage industry trends, cultivated-chicken producer Upside Foods has decided to pause the development of a commercial factory in Glenview, Illinois, and...
Negotiations to acquire Princes by Newlat are put on hold
Newlat, an Italy-based food manufacturer, has ceased negotiations to purchase UK tinned fish and beverage business Princes after their latest offer was turned down. In...
Indoor Farming Business, Hippo Harvest, secures $21 million in funding to support expansion
US-based Hippo Harvest, an indoor farming start-up, has secured $21m in funding to expand its greenhouse operations and product offerings into new categories of leafy...
First Milk, a UK milk and cheese co-op, completes acquisition of BV Dairy
Scottish dairy co-operative First Milk has acquired English peer BV Dairy. The acquisition was completed for an undisclosed sum. First Milk CEO Shelagh Hancock believes...
Flagship Food Group to close down its tortilla plant in the US
Flagship Food Group has announced the closure of its production site for the La Tortilla Factory brand in Santa Rosa, California. The 75,000-square-foot facility is...
Miami Beef acquires Hofmann Sausage
Miami Beef, a US-based company, has announced its acquisition of local peer Hofmann Sausage, a sausage and hot dog brand in Syracuse, New York. “The...
Nissui, a Japanese company, to expand seafood processing capacity in US and EU
Japanese seafood processing giant Nissui is planning to expand production capacity at two of its US and EU subsidiaries, investing a total of Y17m ($113,122)...
Meiji continues investment in California Cultured
Meiji Holdings Co. has reinvested in US cell-based cocoa start-up California Cultured, after its initial investment in 2021. Financial details were not disclosed. The Japanese...