Oats Overnight secures additional funding
In a recent development, Oats Overnight, a prominent player in the food and beverage industry, has secured $35 million in funding from a group of...
Category : Finance
JBS plans to increase production by four times in Saudi Arabia
Brazilian meat giant JBS is set to quadruple production in Saudi Arabia with the opening of a new facility in November. The company, known for...
Probios acquires Italian competitor BiotoBio
Probios, a Florence-based organic food supplier, has recently acquired BiotoBio, another Italy-based supplier of organic foods, in a deal described as “transformational.” Majority-owned by private-equity...
USDA Aims to Decrease Salmonella Infections Linked to Poultry
The US Department of Agriculture (USDA) is considering measures to reduce the prevalence of salmonella-contaminated poultry in the market. The proposal involves poultry establishments implementing...
PepsiCo offloads Marmite and Bovril spread brands in South Africa
PepsiCo is selling the rights to the Marmite and Bovril spreads brands in South Africa to Anchor Yeast, part of the Lallemand group in Canada....
Regulator Conditional Approval of Sammontana and Forno d’Asolo Merger
Italy’s competition regulator has conditionally cleared the merger of gelato supplier Sammontana with frozen baked goods business Forno d’Asolo. The Autorità Garante della Concorrenza e...
Campbell Soup Co. to discontinue soup production at US plant
Campbell Soup Co., a US soups and snacks processor, has announced plans to discontinue canned soup production at its factory in Paris, Texas. This decision...
La Doria acquires Clas, an Italian private label sauces company
La Doria, the investor-backed Italian food group, has acquired sauces and pesto business Clas. Majority-owned by a unit of private-equity firm InvestIndustrial since 2022, La...
Wells Enterprises increases stake in New York ice cream facility
Wells Enterprises, a US-based ice-cream maker, has upped its investment in expanding a production site in Dunkirk, New York. The initial investment of $250m has...
Califia Farms acquires dispenser company, expanding footprint in foodservice industry.
Califia Farms, a US-based alternative dairy company, has acquired plant milk dispenser manufacturer Uproot to expand its presence in the foodservice industry. Uproot, established in...