Upside Foods, a lab-grown meat company, set to reduce workforce
Upside Foods, a US cultivated-chicken business, is undergoing workforce reductions, with reports indicating around 26 job cuts and a downsizing of the management team. The...
Category : Finance
Arla Foods to shut down UK creamery due to inability to secure buyer
Arla Foods is set to cease operations at one of its UK creameries after failing to find a suitable buyer for the site. The dairy...
Spanish Plant-Based Business Brotalia Acquired by Canada’s Above Food
Canada’s Above Food Corp. has recently acquired Spain’s Brotalia, also known as Foody’s, a plant-based food company specializing in alternatives to chicken, seafood, burgers, and...
Cal-Maine Foods acquires egg production assets from ISE America
Cal-Maine Foods, a US-based egg supplier, has recently completed the acquisition of assets from local peer ISE America for approximately $110 million. This strategic purchase...
Europastry delays IPO plans due to market “volatility”
Europastry, a Spain-based frozen bakery business, has postponed its planned public listing due to market volatility. The company announced its intention for an initial public...
McCormick aims to double down on innovation in efforts to recover volume
McCormick & Co. is set to prioritize innovation as a means to drive volumes, as CEO Brendan Foley recently emphasized the importance of innovation in...
France’s Onoré expands its mergers and acquisitions activities with a new mochi deal
France-based food group Onoré has acquired another business, adding local firm So Mochi to its portfolio. So Mochi, based in La Ciotat in southern France,...
France’s Fleury Michon divests from Spanish venture
French agri-food company, Fleury Michon, has divested its stake in Spain venture Platos Tradicionales for €68m ($73m). Familia MartÃnez, Fleury Michon’s partner since 2006 in...
Buyers Settle with StarKist Over Tuna Price-Fixing Allegations
StarKist, along with its South Korean parent company, Dongwon Industries, and Lion Capital, the former owner of Bumble Bee Foods, have settled a civil lawsuit...
Inovata Foods secures investment from Swander Pace to expand frozen meal production
North American frozen-meals manufacturer Inovata Foods has recently secured an investment from US private-equity firm Swander Pace Capital. The financial specifics of the deal have...