UK Rice Company Veetee Foods Announces Plans for US Facility
Veetee Foods, a family-owned rice products company based in the UK, is set to make a significant leap into the US market by establishing its...
Category : Finance
Beston Global Selects Megmilk Snow Brand as Bidder for Dairy Assets
Australia’s Beston Global Food Co. (BFC) has confirmed that Japan’s Megmilk Snow Brand Co. has proposed an offer for its dairy assets. According to a...
General Mills Sells Yogurt Business in the US and Canada to Lactalis and Sodiaal
General Mills has finalized the sale of its yogurt businesses in the United States and Canada to Lactalis and Sodiaal, respectively. The total value of...
Nestlé Sells Cremora Creamer Business in South Africa to Lactalis
Nestlé is divesting its Cremora creamers business in South Africa to dairy powerhouse Lactalis, emphasizing its ongoing commitment to the broader region. The Cremora brand...
JBS Collaborates with US Company to Transform Animal Waste into Renewable Energy
The U.S. division of JBS, the Brazilian meat powerhouse, has partnered with GreenGasUSA to convert animal waste from cows and chickens into renewable fuel. As...
General Mills Prepares $2 Billion for Bolt-On Acquisition Target
General Mills, the prominent U.S. food group, is actively pursuing a significant acquisition while planning to exit the yogurt segment. Chairman and CEO Jeff Harmening...
Italy’s Gruppo Tonazzo Shifts to a Plant-Based Future, Leaving Meat Behind
Italian manufacturer Gruppo Tonazzo has made a pivotal decision to halt all operations involving meat products by the end of this year. This strategic shift...
Argentina’s Molinos RÃo de la Plata Acquires Pizza Divisions from McCain
Molinos RÃo de la Plata, the food subsidiary of the Argentine conglomerate Grupo Perez Companc, is making significant strides in the food and beverage industry...
Matr Foods Secures EU Funding for Large-Scale Plant-Based Meat Production Facility
Matr Foods, a Denmark-based start-up specializing in plant-based meat alternatives, has successfully secured a €20 million ($22.1 million) loan from the European Investment Bank (EIB)....
Kellanova Divests Majority Stake in Egypt’s Bisco-Misr
US snacks manufacturer Kellanova has divested its majority share in Bisco-Misr, a biscuit company based in Egypt. The financial specifics regarding this transaction have not...