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SunOpta Secures $85m Funding From Oaktree Capital to Trim Debt

Oct 11, 2016

Canada-based organic food company SunOpta has raised $85m from funds managed by Oaktree Capital Management to reduce its debt. The company said that it will utilise the funds to repay its debt and to increase financial flexibility. The ...

Tags: SunOpta, Oaktree Capital Management, fund

European Commission Approves ABP and Fane Valley's Slaney Deal

Oct 11, 2016

The European Commission (EC) has approved the joint acquisition of Slaney Foods JV and Slaney Proteins by ABP Group and Fane Valley. The proposal for acquisition of the stake has been cleared unconditionally by Europe’s competition ...

Tags: EC, joint acquisition, ABP, Fane Valley

Bernard Matthews, ITV Studios Partner to Launch Thunderbirds Are Go Turkey Products

Oct 11, 2016

Turkey producer Bernard Matthews and ITV Studios Global Entertainment (ITVS GE) have struck a deal to create the latter’s first licensed frozen turkey products in the UK under the Thunderbirds Are Go brand. Set to be launched at ...

Tags: Bernard Matthews, ITVS GE, agreement

General Mills to Invest $25m to Expand Cereal Production Plant in Buffalo, US

Oct 11, 2016

General Mills has announced that it will invest $25m to expand its cereal production plant in Buffalo, New York, US. Expected to be completed in May 2017, the expansion project will include purchase of new packaging equipment, production ...

Tags: General Mills, investment

Ardent Mills Introduces New Products at IBIE Show in Las Vegas

Oct 11, 2016

Ardent Mills is showcasing its latest grain-based industry solutions at the 2016 International Baking Industry Exposition (IBIE), which is being held from 8 to 11 October. "At Ardent Mills, we continuously work for the good of grain, and ...

Tags: Ardent Mills, IBIE Show

Pret Launches New Soup Range

Oct 11, 2016

Pret has expandes its soup range with the introduction of five new flavors. All soups in the range will be under 200 calories and there will be at least one no gluten, no dairy option available daily. Taking the full range up to 12, the ...

Tags: Pret, soup range, launch

Unilever to Open New Global Foods Innovation Center in Netherlands in 2019

Oct 11, 2016

Unilever has announced that it will invest undisclosed amount to establish a new global foods innovation center in the Netherlands. The innovation center is expected to be fully operational by April 2019. Located in Wageningen, the new ...

Tags: Unilever, innovation center

Turkmen Meat Producer Taze Ay Receives EBRD Funding to Expand Production

Oct 11, 2016

The European Bank for Reconstruction and Development (EBRD) has granted $ 560,000 loan to Turkmen meat producer Taze Ay, as part of its efforts to support the private small and medium-sized enterprises in the country. EBRD, along with the ...

Tags: EBRD, Taze Ay, grant

Cargill Announces Non-GMO Project Verified Ingredients

Oct 11, 2016

Cargill has announced that its three food ingredients have been verified by Non-GMO Project. Cargill's erythrtol, cane sugar and high oleic sunflower oil are now Non-GMO Project Verified and commercially available. Cargill took this ...

Tags: Cargill, Non-GMO Project

Nestle Inaugurates New Child Nutrition Factory in Mexico

Oct 11, 2016

Swiss transnational food and drink firm Nestle has opened a new $245m child nutrition factory in Jalisco, Mexico. The 600,000 m2 facility will triple the company's existing capacity for manufacturing child nutrition products. It is ...

Tags: Nestle, child nutrition factory

Mademoiselle Desserts Acquires Dutch-Based Quality Pastries

Oct 11, 2016

French frozen pastry maker Mademoiselle Desserts has acquired the Netherlands based Quality Pastries, for an undisclosed sum. Investment firm Equistone Partners Europe has provided financial backing to the French company in the ...

Tags: Mademoiselle Desserts, Quality Pastries, acquisition

Mars to Combine Chocolate and Wrigley Segments

Oct 11, 2016

American confectionary giant Mars has unveiled plans to combine merge chocolate and wrigley segments to form a new company aimed at unifying its chocolate and candy business. Named as Mars Wrigley Confectionery, the new company will help ...

Tags: Mars, chocolate and wrigley segments, merger

Hershey Introduces New Halloween Products

Oct 11, 2016

Hershey has introduced added new products to its iconic brands, including Reese’s, Hershey’s and Kit Kat. According to a 2016 National Retail Federation study, when it comes to celebrating this Halloween season, 49 percent of ...

Tags: Hershey, Halloween products

Bakery on Main Introduces Certified Organic Products

Oct 11, 2016

Bakery On Main, an independently-owned company , is expanding its range of audaciously premium offerings to include four new certified organic products. The products include Organic Happy Oats, Organic Happy Granola, Organic Happy Muesli, ...

Tags: Bakery On Main, certified organic products

Freedom Foods to Set up New Company to Expand Australia's Own Brand in China

Oct 11, 2016

Freedom Foods Group has entered into a memorandum of understanding (MoU) with its Guangzhou based partner Shenzhen JiaLiLe Food (JLL) to set up a new company for expansion of its Australia’s Own (AO) brand in China. The new company ...

Tags: Freedom Foods Group, MoU, AO, JLL