China Lifts Import Suspensions on Five Australian Beef Plants
In the latest move, China has lifted import suspensions on several Australian beef processing plants, marking a step towards normalizing trade relations. The Australian government...
Category : Finance
Cloetta sells off Nutisal roasted nuts brand
Cloetta, a Swedish snacks manufacturer, has agreed to sell its Nutisal roasted nuts label to The Monchy Food Company in the Netherlands. The deal is...
Chinese shareholder comes to the rescue of Synlait Milk
Synlait Milk’s main shareholder has stepped in to assist the New Zealand dairy business by providing funds to meet debt obligations. In a bid to...
Roebuck in Ireland Sells Dairy Division
Ireland-based Roebuck Food Group has divested its dairy business to an Irish dairy milking industry partnership. The sale of Cantwellscourt Farm subsidiary, at €1.45m ($1.57m),...
Zespri elevates Chief Operating Officer to Chief Executive Officer
Zespri, a New Zealand-based kiwi fruit grower, has appointed Jason Te Brake as its new CEO, effective from 1 July. Te Brake will take over...
Arla Foods and Mondelez collaborate to introduce Milka chocolate milk
Arla Foods, a Danish dairy group, has partnered with Mondelez International, a US confectionery giant, to introduce chocolate milk under the Milka brand in Germany,...
Mona Dairy faces imminent collapse unless it secures new funding or buyer
Mona Dairy, a UK-based private-label cheese business, is facing potential collapse without new financing or a buyer. Established in 2017 by Ronald Akkerman and David...
Reser’s Fine Foods Purchases American Competitor St. Clair
Reser’s Fine Foods, a US-based deli salad maker, has recently acquired St. Clair Foods, a local peer specializing in refrigerated deli salads, frozen side dishes,...
Vandemoortele strengthens its presence in Italy through the acquisition of Dolciaria Acquaviva
Belgian bakery business Vandemoortele has acquired Italy-based Dolciaria Acquaviva from its private-equity owners and family shareholders. Vandemoortele will take a majority interest in the frozen...
Mondelez restarts production at Oreo plant in Ukraine
Mondelez International has resumed production of Oreo cookies at its Ukrainian plant in Trostyanets. Following a complete reconstruction of the biscuit line at the site,...