Lindsay Goldberg invests in Golden State Foods
Golden State Foods, a US-based contract manufacturer, has secured an investment from local private-equity firm Lindsay Goldberg. The New York-based firm has acquired a “controlling...
Category : Finance
WK Kellogg is shutting down one plant and scaling back production at another.
WK Kellogg, the North American cereal business of food giant Kellogg, is set to close its Omaha, Nebraska plant and reduce production at its Memphis...
New England Seafood International acquires crab company in the UK
UK-based New England Seafood International (NESI) has acquired the “trade and certain assets” of Devon-based Blue Sea Food Company. Financial details were not disclosed. NESI...
Chris Schutte to retire as CEO of Astral Foods, company in search for replacement
South Africa-based poultry major Astral Foods’ CEO Chris Schutte has announced his retirement after leading the business for 16 years. According to a statement released...
SunOpta remains optimistic about sales despite decrease in volume due to price cuts
SunOpta, a US-based supplier of plant-based snacks, milks, and nutritional shakes, has lifted its revenue growth outlook despite facing price cuts impacting positive volumes. The...
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...
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’...