Swiss food company Nestle is one of the companies backing a new global standard to fight food waste. The Food Loss and Waste Accounting and Reporting Standard, which was developed by the multi-stakeholder Food Loss and Waste Protocol, has ...
Tags: food waste, Nestle
Global investment firm KKR is set to buy 10.4% stake in Indonesia-based agri-food company Japfa for $81.2m. As part of the deal, Japfa will place 750 million new shares to KKR via a private placement at about $52.9m. Concurrent with the ...
Tags: Japfa group, agri-food
US agricultural commodities trader Cargill has entered into an agreement to acquire Five Star Custom Foods for undisclosed sum. Five Star Custom Foods is a Texas-based food company specializing in cooked protein products and custom ...
Tags: Cargill, agricultural commodities
US-based food company TreeHouse Foods is planning to close two production facilities located in Azusa, California and Ripon, Wisconsin. The shutdown of facilities is part of the company's efforts to streamline operations by reducing ...
Tags: TreeHouse Foods, snack products
Korea-based food company Pulmuone Foods has completed acquiring almost all the assets of Vitasoy USA for an undisclosed sum. The acquisition is intended to strengthen Pulmuone's position in the tofu market, while fortifying its operations ...
Tags: Pulmuone Foods, USA market
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
Marketing technology company Primary Opinion has acquired 48% stake in Australian food company Maggi Beer Products for $15m. The stake sale comes after the food producer Maggi Beer cancelled its plans to issue a public offer. Of the ...
Tags: Primary Opinion, Maggi Beer
Indian food company MTR Foods is planning to invest Rs 2bn ($30m) in the next four to five years to increase its production capacity from 45,000 mt to 72,000 mt at its facility in Bengaluru, the capital city of the country’s southern ...
Tags: MTR Foods, Orkla Foods
US-based food company Hormel Foods has entered into an agreement to sell Diamond Crystal Brands (DCB) to a partner of private equity firm Peak Rock Capital for an undisclosed sum. DCB, which was founded in 1980, manufactures and ...
Spice manufacturer McCormick & Company has acquired Australia-based packaged herbs manufacturer Botanical Food Company in an all-cash deal worth $114m. The acquisition will expand McCormick's existing branded herb portfolio with the ...
Tyson Foods has made significant progress in its transition from a protein producer to a branded, value-added food company with stronger, more stable earnings, company executives told investors at the Consumer Analyst Group of Europe annual ...
Tags: Tyson Foods, Protein producer
Food company Cerealto has acquired Mondelez International’s biscuit factory in Mem Martins, Portugal, including machinery and production lines. Mondelez has apprised the plant's Workers Representatives regarding the sale, ...
Tags: Cerealto, Aquisition, Mondelez, Biscuit Factory
UK-based food manufacturer Premier Foods has rejected a bid offer worth a £495m from US-based food giant McCormick. The company has rejected the offer saying that the offer from McCormick significantly undervalued Premier Foods ...
Tags: Premier Foods, McCormick, Bid Offer
Kickfurther, inventory and invoice financing crowd-funding platform that connects companies and backers seeking qualified short-term deal financing, has partnered with MM Local Foods, a natural and organic food company to finance their ...
Tags: Kickfurther, MM Local Foods, Capital, Inventory Financing
Food packaging solutions provider Tetra Pak has launched a new food processing homogenizer Tetra Pak Homogenizer 500, which it claims to produce up to 63,600 litres per hour, minimizing operation cost. The device, which is touted to be ...