Momofuku Goods secures funding to expand nationwide
Momofuku Goods, a US-based supplier of noodles and sauces, has secured $11.5m in funding to accelerate its nationwide distribution. Leading the funding round is Alliance...
Category : Finance
General Mills plans to double production of baking products in India
General Mills, a major player in the food and beverage industry, has announced its plans to construct a new Pillsbury baking mixes plant in India....
Hilton Food Group streamlines alt-meat factories as category growth stabilizes
Hilton Food Group is streamlining its meat-alternatives factory operations as a proactive response to changing trends in the food and beverage industry.The London-listed and private-label...
Lerøy Seafood of Norway announces domestic capex strategy despite aquaculture tax
Lerøy Seafood, one of Norway’s largest seafood groups, intends to invest in its local facility despite the potential impact of the country’s planned aquaculture tax....
Major food companies join Carrefour in launching plant-based venture
A group of food manufacturers, including Unilever and Danone, have joined forces with Carrefour in an effort to boost sales of plant-based products. Carrefour, the...
Grupo CRM, a Brazilian chocolate company, to be acquired by Nestlé for majority stake
Nestlé, the multinational food and beverage company known for its popular KitKat brand, has announced its acquisition of a majority stake in Grupo CRM, a...
Eat Just, an alternative protein business, successfully raises new funds
Eat Just, a US-based supplier of plant-based eggs and cell-based chicken, has secured new financing in a recent round of funding. The financial details of...
McCormick & Co.’s New CEO Identifies “Heat” as a Catalyst for Growth
Brendan Foley, the newly appointed president and CEO of McCormick & Co., recognizes the potential of hot sauce as a “growth accelerator” for the company,...
John B. Sanfilippo & Son acquires snack-bar assets from TreeHouse Foods
TreeHouse Foods sells snack-bar business to US peer John B. Sanfilippo & Son TreeHouse Foods has recently completed the sale of its snack-bar business to...
Increasing ingredient costs driving insolvencies in the food manufacturing industry
According to INVERTO, a procurement and supply chain management consultancy, the number of food and drink manufacturing companies entering insolvency has risen by 108% over...