FDA announces restructuring in response to infant formula crisis
The Food and Drug Administration (FDA) in the US has announced a restructuring of its food division following the 2022 infant-formula crisis. The new structure...
Category : Finance
France’s LDC discussing acquisition of Pierre Martinet salads group
French poultry processing giant LDC is currently in exclusive negotiations to acquire local salads and tabbouleh producer Pierre Martinet. The final deal is expected to...
Australian alternative meat company Proform Foods goes into administration
Proform Foods, a key player in the food and beverage industry, specializing in plant-based meat alternatives, has entered voluntary administration. Administrators from the local branch...
Cargill meat plant employees in Canada initiate strike action
At a Cargill meat processing facility in Guelph, Ontario, Canada, close to 1,000 workers went on strike, citing a disagreement over pay. The local United...
Valio invests sixty million euros to expand cheese plant in Finland.
Valio, a Finnish food major, has announced plans to invest €60m ($65.3m) in cheese production at a domestic plant. The Lapinlahti factory will be expanded...
Campbell Soup Co. to cut jobs at “inefficient sites” as part of restructuring plan.
In the food and beverage industry, US company Campbell Soup Co. is taking steps to optimize its supply chain. This includes closing a manufacturing plant...
Mondelez launches new NPD facility in Singapore
Mondelez, a US confectionery giant, has opened a new biscuit and baked snacks NPD facility in Singapore to cater to its Asia Pacific, Middle East,...
Valeo Foods purchases Dal Colle, a prominent Italian bakery brand
Valeo Foods, a prominent player in the food and beverage industry, has recently acquired Italian cakes and pastries business Dal Colle. This strategic move aims...
Newlat secures agreement to acquire Princes brand from Mitsubishi
Princes, a UK-based food and drinks manufacturer, has recently confirmed its full acquisition by Italian peer Newlat. The global canned foods maker is being sold...
Mondelez punished in Europe for past violations of anti-trust laws
Mondelez International has been fined €338m ($366.5m) in Europe for “hindering cross-border trade” in breach of competition regulations. The European Commission conducted a probe dating...