Thomas Foods Assumes Complete Ownership of Frew Foods
The Australian meat and seafood supplier, Thomas Foods International (TFI), has acquired full ownership of local peer and family business Frew Foods International. This deal,...
Category : Finance
Danone Implements “Localisation” Strategy, Renaming Activia Dairy Brand in Russia
Danone is localizing its Activia dairy brand in Russia and renaming it as AktiBio, in a move that aims to cater to the preferences of...
Monogram Foods, a US meat group, faces fine for engaging in child labor
Monogram Foods, a US-based meat company, has recently been fined over $30,000 for violating child labor laws at one of its Minnesota plants. This violation...
Nestlé Reportedly Holding Discussions to Divest Peanut-Allergy Enterprise, Palforzia
Nestlé is reportedly discussing the potential sale of its peanut allergy remedy Palforzia to health specialist Stallergenes Greer. According to news agency Bloomberg, talks between...
Glenisk, Irish yogurt maker, has its shares sold by Danone
The French dairy giant, Danone, has divested its minority stake in Ireland-based yogurt and milk firm Glenisk. This move comes as part of Danone’s ongoing...
Food Commodity Costs Decrease as Cereal Prices Plummet to Two-Year Low Ahead of Grain Deal Expiration
Global food commodity prices in the food and beverage industry continued to decline in June, reaching a two-year low before the expiration of the current...
Collaboration between Finnebrogue aims to produce gourmet wagyu beef burgers
In collaboration with cell-meat company Ivy Farm Technologies, UK food manufacturer Finnebrogue is set to create one of the world’s first commercially available cultivated wagyu...
NMZhK, a condiments maker, acquired by Russia’s Ros Agro
Ros Agro, the London-listed holding company behind Russian food maker Rusagro Group, has acquired 50% of the shares and taken control of peer NMZhK. NMZhK,...
Bubs Australia Turns to US as Key Strategy Amid China Setback
Bubs Australia, a leading player in the food and beverage industry, recently completed a comprehensive business review that highlighted the company’s “failed” strategy for China...
Kevin’s Natural Foods deal adds healthier option to Mars’ portfolio
Mars, the US food heavyweight, has expanded its presence in the food and beverage industry by acquiring Kevin’s Natural Foods, a company specializing in ready-meals...