Trukai, a rice maker based in Papua New Guinea, acquired by SunRice
SunRice, an Australia-based rice supplier in the food and beverage industry, has recently entered into a share buy-back agreement to acquire Trukai Industries, a leading...
Category : Finance
Private-Label Stalling Causes McCormick to Report Trading Down
McCormick & Co., a prominent player in the food and beverage industry, has noted a leveling off in the rate at which cost-conscious consumers are...
China overstock scale reveals Bubs’ share price plummet
Bubs Australia, a beleaguered infant-formula maker, recently experienced a significant decrease in its share price due to troubling figures from its China business in the...
Plant-based seafood startup, Hooked, secures more than $1 million in funding
Swedish seafood alternative brand, Hooked Foods, has successfully raised over $1m in its latest round of funding. The company plans to enter the German market...
Whole Earth Brands Targeted for Complete Takeover by Investor Martin Franklin
The US food and beverage industry is buzzing with news of a potential takeover bid for Whole Earth Brands. The bid comes from Sir Martin...
Fruit Supplier Acquires TasFoods’ Shima Wasabi Unit in Australia
Australian food group TasFoods has sold its Shima Wasabi spices unit to local fruit business Hillwood Berries. In an announcement to the Australian Securities Exchange...
Mara Seaweed forced into administration following withdrawal of funding
Mara Seaweed, a UK supplier of seaweed-based seasonings, has entered administration. The company, based in Glenrothes in Scotland, faced severe working capital issues after the...
Funding secured for Bluu Seafood, a German start-up specializing in cultivated fish
Bluu Seafood, a Germany-based start-up specializing in lab-grown fish, has raised €16m ($17.47m) in Series A funding with the objective of launching its products in...
Competition Authority Urges Opening up of Canada’s Grocery Market
Canada’s competition watchdog has emphasized the need for increased competition in the food and beverage industry, stating that it could help control inflation. The Competition...
Oscar Mayer announces new CEO following ownership transition
UK-based ready meal manufacturer Oscar Mayer has announced the appointment of a new CEO and chairman, following recent changes in the company’s ownership.Ian Toal, formerly...