Amylu Foods acquires Klement’s, a US sausage manufacturer
In the latest development in the food and beverage industry trends, Amylu Foods, a leading player specializing in chicken sausages, has successfully acquired Klement’s Sausage...
Category : Finance
Bolthouse Farms divides into two separate businesses, one focusing on food and the other on drinks
The private-equity owners of Bolthouse Farms have restructured the US business into two separate companies to drive accelerated growth. Butterfly Equity, which acquired California-based Bolthouse...
Hain Celestial’s organic growth outlook takes a turn for the worse
Hain Celestial has adjusted its organic growth forecast following recent portfolio simplification measures. The company anticipates negative organic growth of 3-4% for the 2024 fiscal...
UK investor the Shallan Group acquires Glendale Foods
Glendale Foods, a UK supplier of branded and private-label frozen foods, has been acquired by the Shallan Group investment firm. Paul Burkitt and Mark Jones,...
Dale Farm to increase cheese manufacturing in Northern Ireland
UK dairy cooperative Dale Farm is investing £70m ($87.4m) in expanding Cheddar cheese processing operations in Northern Ireland. The business, based in the province, is...
Tyson Foods boosts profit forecast as chicken division gains momentum
Tyson Foods has updated its guidance for adjusted operating income, anticipating growth in the chicken segment of its protein portfolio. Despite facing challenges with declining...
Australian Senate calls for legislation against supermarket price gouging
In a recent Senate inquiry report released by the Greens party, recommendations were made to address issues of supermarket price gouging in the Australian market....
Germany sees a 17% increase in production of meat substitutes in 2023
In 2023, Germany saw a 17% increase in meat substitute product demand, with production rising by 17% year on year, according to the country’s Federal...
GFI reports decrease in US plant-based food retail sales for 2023
In 2023, the plant-based food industry in the US saw a decline in sales, with meat and seafood alternatives experiencing significant drops in both value...
Australia Investigating for Possible Contamination of Everest and MDH Indian Spices
Australia’s national food standards agency is currently investigating the potential contamination of spices produced by Indian brands Everest and MDH. The Food Standards Australia New...