High Liner Foods acquires minority ownership in Norwegian salmon group
High Liner Foods has made a strategic move by acquiring a 4.5% stake in Norway’s Andfjord Salmon Group for C$10m ($7.29m). This investment will not...
Category : Finance
Employees go on strike at Frosta frozen foods factory in Germany
German frozen-food group Frosta experienced a “warning strike” at its headquarters in Bremerhaven as employees demanded higher wages. The walkout, organized by German trade union...
Danone Supports Medical Nutrition Manufacturing in France
Danone has announced a €70m investment in a new production line for tube-feeding products in France, focusing on its oral nutritional supplement range under Nutricia....
Borealis Foods warns about future sustainability
The future viability of Canada-based ramen noodles supplier Borealis Foods is in jeopardy unless the company secures new funds, as reported in a filing with...
Uruguayan regulators block Minerva’s deal with Marfrig assets
Brazilian meat companies Minerva Foods and Marfrig have confirmed that Uruguay’s competition regulator has blocked part of a $1.5bn deal between them. The Competition and...
Nestlé to Introduce New Products Catering to GLP-1 Nutrition Needs
Nestlé is introducing a line of meals in the US to complement GLP-1 weight-loss medication. The new Vital Pursuit products from Nestlé are protein-rich, high...
Chalet Desserts in the US acquired by Encore Consumer Capital
Encore Consumer Capital, a US-based private-equity firm specializing in the consumer products industry, has recently acquired Chalet Desserts, a local frozen desserts and baked-goods business....
Graze, a UK snack brand, set to be integrated into Unilever’s portfolio
Unilever has made the decision to “integrate” UK snack brand Graze into its broader operations. This move will result in the reduction of several jobs,...
British retailers discussing potential Fairtrade purchasing experiment
Supermarkets in the UK are engaging in discussions with the Fairtrade Foundation regarding the initiation of a collective purchasing program for Fairtrade goods. The Fairtrade...