Major chocolate companies support EU law against deforestation
The chocolate heavyweights Nestlé, Mars, and Ferrero have expressed their support for the EU’s upcoming ban on imported goods linked to deforestation. According to a...
Category : Finance
Fresh Hemp Foods acquires The Humble Seed, a wholesome cracker manufacturer
Fresh Hemp Foods, a Canadian hemp food specialist, has expanded its wellness foods portfolio with the acquisition of US-based snack brand The Humble Seed. This...
Investor group acquires Ysco ice-cream unit from Milcobel
Belgian dairy cooperative Milcobel is planning to sell its Ysco private-label ice-cream subsidiary to investors. Davidson Kempner Capital Management and Afendis Capital Management are set...
Negotiations between Bavaria dairy set ends without agreement
The dairy sector in the German state of Bavaria faced a setback as a potential pay deal with workers collapsed “at the last minute,” reported...
Reckitt announces exit from baby-formula business as part of strategic review
Reckitt Benckiser has initiated a strategic review of its Mead Johnson infant-formula business, considering it as “non-core” within the nutrition division. The acquisition of Mead...
Grupo Bimbo closes two bakeries in the US
Grupo Bimbo, a major player in the food and beverage industry, is set to close two bakery sites in the US as part of its...
UK Job Cuts: THG’s Nutrition Division Impacted
THG, a UK-based sports nutrition and beauty products business, has announced plans to reduce over 100 jobs across various divisions. The Manchester-headquartered e-commerce retailer has...
Müller makes substantial investment in German yogurt manufacturing
Müller is set to construct a new production facility at its Alois Müller dairy in Germany for jarred yogurt products sold under the Landliebe brand....
Capsa invests in cheese maker Innolact, strengthening Spain’s dairy industry.
Capsa Food, a leading dairy company in Spain, has recently acquired a 40% stake in local cream-cheese and mascarpone producer Innolact. The financial details of...
Valeo expands Canadian presence with acquisition of Appalaches Nature
Investor-backed Valeo Foods Group has acquired Appalaches Nature, marking the company’s second foray into the maple syrup industry. This acquisition follows Valeo Foods’ previous purchase...