Vion Food Faces Loss Due to Impairment, Yet Achieves Cost Savings
Vion Food Group experienced a significant net loss last year, primarily due to impairment charges related to its withdrawal from the German market. Despite reporting...
Category : Finance
Smart Foods Acquires Australian Alt-Meat Competitor Fenn Foods
Fenn Foods, the Australian alternative meat company that previously entered liquidation, has secured a new owner. In a strategic move, Smart Foods, a local competitor,...
Synlait Milk CEO Grant Watson Resigns After Turbulent Year
Synlait Milk CEO Grant Watson has announced his resignation after guiding the New Zealand-based dairy and infant formula company through a challenging year. The announcement...
Graham Partners Acquires Tulkoff to Enhance Sauce Offerings
Tulkoff Food Products, a prominent name in the U.S. sauces and dressings sector, has been acquired by investment firm Graham Partners. Headquartered in Baltimore, Maryland,...
Tyson Foods Facing Investigation Regarding Allegations of Child Labor
Tyson Foods is currently under scrutiny from the US government as an investigation unfolds regarding allegations of underage labor at its facilities. Reports indicate that...
EU Council Supports Postponement of Deforestation Regulation
The European Council has approved a recommendation to postpone the implementation of the EU Deforestation Regulation (EUDR) for an additional year. Initially unveiled in late...
Rabobank Projects US Private-Label Market Share Could Reach 30% by 2033
According to a recent report by Rabobank, the market share of private label products in the U.S. could reach 30% by 2033. In 2023, private...
Shamrock Farms Commits $59 Million to Expand Milk Processing Facility in Virginia
Shamrock Farms, a prominent player in the US dairy sector, has announced a significant investment in its Augusta County, Virginia production facility to address the...
Voyage Foods Launches New Facility to Boost Cocoa-Free Chocolate Production
US-based food technology company Voyage Foods is expanding its operations by opening a new facility in Mason, Ohio, aimed at producing cocoa-free chocolates, nut-free spreads,...
Blue Stripes Secures Additional Funding for Whole Cacao Business
Blue Stripes, a company focused on food and beverage industry trends and utilizing the entire cacao fruit, has successfully raised $20 million in a Series...