Ornua commits €40m in investment for Ireland dairy plant to bolster Kerrygold expansion
In a move to support the growth of its Kerrygold butter brand, Ornua has invested €40m ($42.2m) in a dairy plant in Ireland. The cooperative’s...
Category : Finance
Unilever’s CEO Hein Schumacher dismisses the possibility of separating food division, a legacy from predecessor Alan Jope
In his four months as chief of Unilever, Hein Schumacher has made it clear that the company has no plans to spin-off its food business...
Group volumes decline prompts Unilever to appoint new CFO and introduce “action plan”
Unilever, a London-listed FMCG giant, has announced an “action plan” to address its underperformance, along with the appointment of a new finance chief to replace...
Orkla Divests Partial Ownership in Food and Ingredients Unit
The Norwegian group Orkla has recently sold a minority stake in its food and ingredients unit to a global private-equity firm for an enterprise value...
Surexport broadens berry capabilities through three acquisitions
Surexport CompañÃa Agraria, a fruit grower backed by investors, has expanded its portfolio in the fresh berries segment through three recent acquisitions. The Huelva, Spain-based...
Coca-Cola to Invest $133 Million in Expanding Dairy Production in Mexico
Coca-Cola has announced its plans to bolster Mexico’s dairy production through a significant investment of $133 million. This move aligns with the prevailing food and...
Daiz, a Japanese company, secures $47 million in funding for plant-based ventures
Daiz, a Japan-based plant-based meat company, has successfully raised Y7.1bn ($47.44m) in its latest funding round. This funding will be used to invest in one...
Bella Bulgaria Joins Investment Partnership for Meat Industry in Indonesia
Bulgaria-based company, Bella Bulgaria, has made a strategic move by entering into a halal meat joint venture in Indonesia. With a significant investment of $72...
Kentucky Facility Set to Receive $137m Investment from Stellar Snacks
US-based pretzel snack maker Stellar Snacks is planning to invest $137m in a new factory in West Louisville, Kentucky. This investment is expected to create...
UK Jam Maker Mackays Receives Investment from Canadian Firm
In a major strategic investment, Canada-based investment firm Permian Industries has invested in UK jam business Mackays. Financial details of the deal were not disclosed....