New owner assumes control of Tofutti distribution and manufacturing operations in Canada
Sweets from the Earth (SFTE) has acquired the production and distribution rights for the US dairy-free brand Tofutti in Canada. The deal, expected to be...
Category : Finance
Summer Garden Foods, a condiment maker, acquired by Lassonde
In a move to diversify its North American food and beverage business, Canada-based agri-food company Lassonde Industries has announced its plans to acquire Zidian Group,...
Idilia Foods of Spain Acquires 50% Stake in Cacaolat Dairy-Drinks Maker
Spain-based Idilia Foods has finalized a deal to acquire 50% of local dairy-drinks business Cacaolat from beer giant Damm. The acquisition, which was completed for...
Major Danish seafood company, Espersen, appoints Tino Bendix as new CEO.
Espersen, a Denmark-based seafood company, has named Tino Bendix, a former executive at Orkla, as its new CEO. He takes over from Klaus Nielsen, who...
Spain eliminates VAT on olive oil in efforts to revitalize struggling industry
Spain is taking steps to support its struggling olive oil industry by eliminating VAT on the product. Last year, the government reduced the tax to...
HS Fresh Food, a supplier of Australian salads, enters administration
Australia-based salad supplier HS Fresh Food has recently appointed administrators, as reported in a filing with the Australian Securities & Investments Commission. The company operates...
Inequality uncovered in South Africa’s fresh produce industry during investigation
An investigation into South Africa’s fresh produce sector has revealed barriers to entry, distorted competition, and price mark-ups. The Competition Commission’s provisional report, published on...
Bragg, producer of apple cider vinegar, considering potential sale
Bragg Live Food Products, a US-based apple cider vinegar manufacturer, is currently exploring a potential sale that could place the business at a value of...
Australia and New Zealand may enforce mandatory “health star rating” labels
Food manufacturers in Australia and New Zealand have received a warning regarding the Health Star Rating (HSR) system on packaged foods. The system, which rates...
New CEO Appointed by Australian Dairy Group AHF
Australian Dairy Nutritionals (AHF) has appointed Mahinthan ‘Mahi’ Sundaranathan as its new CEO. This decision comes after Peter Skene stepped down from his position to...