The Food & Drug Administration (FDA) has granted the first GRAS classification for any rice protein to Axiom Foods for their clinically-studied Oryzatein organic brown rice protein ingredient. Axiom's Vegotein pea protein was also awarded a ...
Tags: Axiom Foods, Rice
General Mills is following consumer driven food trends with its line-up of products launching this summer around the world. Many of the new products closely align with increasing consumer interest in wellness, convenience, and snacking ...
Tags: General Mills, snack
Packaging Corporation of America has signed an agreement to acquire independent corrugated products producer TimBar for $386m. As per the terms of the deal, PCA will acquire TimBar's five corrugated products plants, two fulfillment ...
Tags: corrugated products, Packaging
US agricultural commodities trader Cargill has sold its wheat flour division in Argentina to Molino Canuelas Sacifia for undisclosed sum. Following the acquisition, Canuelas is expected to control 24% share in the flour in the country. ...
Stora Enso has signed an agreement to divest the key assets of its Suzhou Mill in China, including the land-use rights and buildings, to the local government of Suzhou National New & Hi-tech Industrial Development Area (SND). During its ...
Tags: Paper Mill, Stora Enso
General Mills will launch a new cereal brand Tiny Toast this month, which is its first after a gap of 15 years. The cereal brand will be available in two in Blueberry and Strawberry varieties. General Mills innovation, technology and ...
Tags: General Mills, Strawberry, Blueberry
Olam International has acquired a 100% stake in Brooks Peanut Company for $85m. Brooks, which was established in 1959, is based in Samson, Alabama. It is currently the sixth largest peanut sheller in the US. The company processes about ...
Tags: Olam International, Brooks, peanut
Stora Enso will invest a total of approximately EUR 70 million in a new polyethylene (PE) extrusion coating plant and an automated roll warehouse (ARW) at Imatra mills in Finland. Extrusion coating is a process used to enhance the ...
Tags: Stora Enso, Coating
Smurfit Kappa has completed a programme of investment in the UK depot network, as part of its efforts to increase recycling operations in the country. The company has developed a new depot in Snodland of Kent to process locally-sourced ...
Tags: Smurfit Kappa, paper, cardboard
China still faces severe steel oversupply, and a recent price surge is only due to temporary market expectations, a senior official said on Thursday. Steel prices increased significantly starting in March and declined mildly in May, as ...
Tags: steel oversupply, steel
Associated British Foods (ABF) is reportedly contemplating the sale of its unprofitable sugar business in China to remain focused on its sugar operations in Europe and Africa. For this purpose, the food company has invited bids for five ...
Tags: Unprofitable Sugar, Sugar
General Mills has agreed to sell its Argentina bakery and foodservice business to a Mexico-based baking company Grupo Bimbo for undisclosed sum. However, General Mills will retain its growing retail food business in Argentina, including ...
Tags: General Mills, Grupo Bimbo, Acquisition
Soup maker Tio Gazpacho has completed a $1.25m Series A funding round from investors led by 301 Inc, which is a General Mills’ venture capital arm. The Series A round also included investments from other private investors in ...
Tags: Tio Gazpacho, General Mill, Series A
ConAgra Foods has joined other food giants in plans to use labels that disclose the presence of genetically modified organisms or GMOs in its food throughout the US. ConAgra and other food companies such as Campbell Soup Co , General ...
Tags: ConAgra Foods, GMOs, Labels
WASHINGTON, D.C. – The U.S. Consumer Product Safety Commission (CPSC) announced today that Gree Electric Appliances Inc., of Zhuhai, China; Hong Kong Gree Electric Appliances Sales Co. Ltd., of Hong Kong; and Gree USA Sales Ltd., of ...
Tags: CPSP, Gree, Civil Penalty