Daily’s to Invest $95 Million in Expansion of Missouri Plant
Daily’s Premium Meats has unveiled a significant $95 million investment aimed at expanding its bacon processing facility in St. Joseph, Missouri, as part of their...
Category : Finance
Sofina Foods to Purchase Poultry Cooperative Exceldor
Major meat-and-seafood supplier Sofina Foods has signed a deal to acquire Quebec-based poultry cooperative Exceldor. Although the financial terms of the transaction remain undisclosed, Exceldor...
Quorn Continues to Impact Monde Nissin’s Profits
Monde Nissin reported a significant decline in profits during the first quarter, with earnings plummeting by over 20% as challenges persisted in its UK meat-free...
German Plant-Based Company Veganz Enters Alternative Milk Partnership
Veganz Group has recently entered into a partnership with Jindilli Beverages concerning Mililk products from the German plant-based food company. This agreement will encompass North...
Kameda Transfers Ownership of Mary’s Gone Crackers to Dare Foods
Japan’s Kameda Seika is divesting its US subsidiary, Mary’s Gone Crackers, to Dare Foods, a Canadian food manufacturer. This strategic move forms part of Kameda’s...
Lantmännen Invests in Milk Alternative Brand Sproud
Swedish agri-food group Lantmännen has made a strategic investment in Sproud, a local plant-based milk-alternatives business. This acquisition involves approximately 10% of Sproud, although the...
Mastellone Hermanos Declines Arcor’s Offer to Purchase La SerenÃsima
Arcor’s Bid for Full Control of La SerenÃsima Rejected Argentina-based Arcor, a major player in the food and beverage industry, recently faced a setback as...
Multimillion-Pound Investment Expands Simpsons Malt Capacity
Simpsons Malt has made a strategic investment of £6 million in a state-of-the-art peated malt production facility, equipped with the capacity to produce 25,000 tonnes...
German Meat Company Allgäu Fresh Foods Pursues Insolvency Protection
German meats supplier Allgäu Fresh Foods (AAF) has initiated insolvency protection proceedings in response to escalating cost pressures within the industry. On April 22, the...
Bakkavor Sells Its Chinese Operations
Bakkavor, a leading supplier of fresh products, is currently engaged in a takeover proposal from Greencore and has decided to sell its operations in China....