Veganz, a German company, secures new funding for growth
German plant-based food manufacturer Veganz has successfully secured up to €10m ($10.9m) in equity financing. The funding was obtained through a securities purchase agreement with...
Category : Finance
UK frozen food organizations support carbon emission reduction campaign
The UK frozen food industry is exploring ways to reduce carbon emissions by raising the temperature at which frozen food is stored and transported. Two...
Nestlé expands investment in Indian joint venture with Dr Reddy’s
Nestlé’s Indian arm has invested Rs7.06bn ($83.9m) in its joint venture with pharma group Dr Reddy’s in India. Nestlé India will maintain a 49% shareholding...
Private label brands gaining ground over US food volume share
The US food industry continues to see a shift towards private label products over branded consumer foods. According to analysis by US investment bank AllianceBernstein,...
UK-based healthy product company Nim’s rebrands as its product range expands
Nim’s, a UK better-for-you manufacturer renowned for its air-dried fruit and vegetable crisps, has undergone a rebranding to better represent its expanding product range. Now...
Reckitt and Abbott face potential multibillion-dollar costs in infant-formula cases
In the realm of the food and beverage industry trends, senior litigation attorney Dr. Paul Kaufman anticipates that legal actions against major infant-formula suppliers Abbott...
Siddhi Capital secures $135 million in funding for expansion of food and beverage sector.
Siddhi Capital, a US-based food and drinks growth equity firm, has successfully raised $135m in its second fund, doubling the size of its initial fund...
PAI Partners makes significant investment in Nutripure
PAI Partners has acquired a majority share in Nutripure, a France-based supplier of sports nutrition and wellness products. The private-equity firm purchased the stake from...
Flowers Foods to close US bun baking facility
Flowers Foods, a US-based bakery business, is shutting down a bun plant in Baton Rouge, Louisiana, operated by Flowers Baking Co. Despite the closure of...
GoodLife Foods expands frozen offerings with Pure Ingredients
GoodLife Foods, a Netherlands-based company, has recently acquired frozen food products business Pure Ingredients. Both companies operate in the branded and private-label food segments across...