Lassonde Industries introduces new CEO as part of executive reorganization
Lassonde Industries, a key player in the food and beverage industry, has announced a significant change in its leadership team. Vince Timpano, the current president...
Category : Finance
Investing in alternative proteins demonstrates European sector’s continued immaturity
Investment in the alternative-protein sector in Europe remains “immature,” according to a report from the Good Food Institute (GFI) Europe. The analysis suggests that fundraising...
BellRing Brands raises guidance due to ongoing growth in the protein market
BellRing Brands, a US-based nutrition business, is capitalizing on the ongoing protein boom in the food and beverage industry. The company has recently announced an...
Cinven officially becomes the latest investor in Vitamin Well
Vitamin Well, a Sweden-based energy bars and functional drinks company, has secured a new investor, private-equity firm Cinven. The investment from Cinven makes them the...
UK regulator tentatively approves T&L Sugars’ acquisition of Tereos
In the realm of the food and beverage industry, the UK’s competition watchdog has given its provisional approval for T&L Sugars’ proposed takeover of Tereos’...
Benford Capital Partners purchases Turri’s Italian Foods
Benford Capital Partners (BCP), a US-based private-equity firm, has recently acquired Turri’s Italian Foods, a local frozen pasta and rice maker. The financial terms of...
La Doria acquires assets of Pastificio di Martino in another successful deal
La Doria Group, a prominent Italian food business with a focus on private-label products, has recently made two significant acquisitions in a single week. The...
Grupo Bimbo plans to close another bakery plant in the US
Grupo Bimbo, a Mexico-based company, will close its San Antonio, Texas bakery facility on 5 October. This move will affect 138 employees, according to a...
Mizkan invests $156 million to expand pasta facility in the US
Japan-based sauces giant Mizkan Group is making a significant investment of $156m to expand its US pasta sauce plant in Owensboro, Kentucky. This expansion will...
Kellanova increases forecast due to strong sales of US snack brand
Amid strong second-quarter results, Kellanova raises its 2024 organic net sales guidance. Kellanova, known for its global snacking business spun off from Kellogg last year,...