Former PepsiCo executive appointed as chairman of Stryve Foods
US dried meat snacks manufacturer Stryve Foods has named Kevin Vivian, a former PepsiCo senior official, as the new chairman of the board. Vivian assumes...
Category : Finance
Home Market Foods acquires former pasta plant in Connecticut
Home Market Foods (HMF), a US meat products manufacturer, has acquired a former pasta plant in Connecticut for an undisclosed sum. The company plans to...
Acomo expands snack offerings with acquisition of Caldic
Acomo, a Dutch food and drinks group, is set to acquire the nuts and dried fruits business Caldic Food Service and Retail (FSR) in northern...
Nestlé makes strategic investment in specialty protein-foods production plant in Germany
Nestlé is undertaking an expansion project at a plant in Germany dedicated to producing products for congenital metabolic disorders. The world’s largest food company recently...
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...
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...