Formo Secures Investment from Rewe for Animal-Free Cheese Production
Animal-free cheese start-up Formo has successfully secured $61 million in Series B funding from notable investors, including German retail leader REWE. Founded in 2019 and...
Category : Finance
Freiberger Makes Investment in German Pizza Manufacturing
Freiberger, a prominent pizza manufacturer based in Germany, has announced plans to expand its production facility in Berlin. This initiative aims to modernize the site...
Synlait Keeps North Island Facility but Halts Milk Processing Operations
New Zealand’s dairy and infant formula company, Synlait Milk, has announced that it will maintain its Pōkeno plant located on the North Island; however, this...
Meiji Set to Transform Yogurt Production in Japan
Meiji Holdings is poised to close three yogurt manufacturing facilities in Japan, transitioning to a state-of-the-art production site. This strategic move, that underscores evolving food...
Tönnies Acquires Vion’s Beef Operations in Germany
German meat industry leader Tönnies has announced a significant acquisition of beef assets in Germany from its Dutch counterpart, Vion. This transaction encompasses the “majority”...
Danone Shifts Drinkable Yogurt Production to Romania
Danone has shifted a portion of its YoPro drinkable high-protein yogurt production to a facility in Bucharest, Romania. This strategic move aims to enhance operational...
Planted Chooses Germany for Its Second Alternative Meat Production Facility
Planted is set to boost its production capacity by establishing a second factory dedicated to meat alternatives. This initiative aims to enhance the output of...
Saputo Announces Closure of Australian Dairy Plant Under Review
Canadian dairy giant Saputo has announced the impending closure of its King Island Dairy operation based in Australia. This decision comes after the Tasmanian facility...
ABF Acquires Australian Bakery Business The Artisanal Group
Associated British Foods (ABF) has recently announced the acquisition of Australia’s The Artisanal Group, a strategic move in the evolving landscape of the food and...
Unilever Receives Approval to Divest Russian Assets
Unilever has reportedly secured the Kremlin’s approval to divest its assets in Russia, marking a significant strategic shift for the company. According to the local...