Nestlé Sells Herta Stake to Casa Tarradellas
Nestlé has divested its 40% interest in the Herta charcuterie business to Casa Tarradellas, granting full ownership to the Spanish food company. This strategic move...
Category : Finance
Lantmännen Set to Acquire Italy’s Panificio San Francesco
Lantmännen has announced a strategic acquisition of the Italian frozen bread manufacturer Panificio San Francesco. This move is part of the Swedish cooperative’s commitment to...
Captain Fresh Cancels IPO Filing
Indian seafood processor Captain Fresh has temporarily halted its IPO application to expedite an acquisition. Although the company has not disclosed the specific business it...
LT Foods to Establish New Rice Processing Facility
India’s LT Foods is set to establish a new rice processing facility in its home market, signaling a strategic move in the competitive food and...
Mlinar Secures Equity Financing to Expand Bakery Operations
Croatian baked goods producer Mlinar has secured up to €50 million ($58 million) in equity financing from Europe’s foremost development bank to facilitate its expansion...
French Dairy Giant Savencia Acquires Brazil’s Quatá Alimentos
In a significant move within the dairy industry, French dairy group Savencia Fromage & Dairy has recently reached an agreement to acquire its Brazilian counterpart,...
AeroFarms Shuts Down Virginia Vertical Farm Amid Funding Shortages
In a troubling turn of events, AeroFarms, a prominent player in vertical farming, finds itself at a critical juncture. Just two years after emerging from...
Mission Produce Appoints New CEO as Annual Revenue Increases
Mission Produce has elevated John Pawlowski to the position of CEO, overseeing the US-based avocado and mango supplier. Currently serving as president and chief operating...
McCain Sells Vegetable Business in South Africa
McCain Foods is divesting its vegetable manufacturing operations in South Africa to US-based Enduring Ventures. This strategic sale aligns with current trends in the food...
TasFoods Receives Bids for Nichols Poultry
TasFoods is currently evaluating its Nichols poultry business, having received two proposals as part of this reassessment process. In a statement released on December 18,...