US-based food company General Mills is planning to expand its cereal manufacturing facility at Albuquerque, New Mexico, for $80m. The company has applied for $80m industrial revenue bond (IRB) from Bernalillo County to expand the ...
Tags: General Mills, Albuquerque, IRB
Indian food company LT Foods has entered into an agreement to acquire rice export business of consumer goods producer Hindustan Unilever (HUL) for around Rs250m ($3.76m). Under the deal, LT Foods will acquire two HUL brands - Gold Seal ...
Tags: LT Foods, Aquisition, HUL, Rice export business
US-based food company General Mills has completed the sale of its Venezuela business to private investor Lengfeld, exiting from the country. The sale of the Venezuelan business includes brands such as Underwood, Rico Jam and ...
Tags: General Mills, Venezuela business, Lengfeld
Biena debuts Rockin’ Ranch, the latest in its line of roasted chickpea snacks. "Biena is a small food company on a big mission - to revolutionize the way Americans snack," said Poorvi Patodia, founder and CEO of Biena. "With Rockin' ...
Tags: Biena, Chickpea snacks
Swiss food company Nestle is planning to invest over €25m for expansion of its research and development center in Askeaton, Ireland. The expanded facility will be located at Nestle's current plant in Askeaton. The facility ...
Tags: Nestle, Investment, Expansion, R&D
Finnish food company Atria is entering Swedish poultry business by acquiring Lagerberg i Norjeby (Lagerbergs). The financial terms of the deal have not been disclosed. Through this deal, the company is purchasing the entire share ...
Tags: Atria, Swedish Poultry, Aquisition
US-based agricultural and food company Cargill has announced to cut the use of antibiotics in its US cattle supply by 20%, a move which is likely to impact 1.2 million cattle annually. From now, Cargill plans to reduce the shared-class ...
Tags: Cargill, Beef Cattle
US-based food company General Mills is planning to more than double its organic acreage sourcing for ingredients, to reach its goal of 250,000 acres by 2019. The increase in acreage is to meet the growing demand for natural and organic ...
Tags: General Mills, Organic Acreage, Ingredients
Construction has started on the Mondelēz International’s $90m biscuit manufacturing factory in Bahrain with scheduled completion expected later this year. Mercury Middle East WLL (Mercury Mena) is the project's general ...
Tags: Biscuit, raw materials
General Mills is planning to launch Annie’s branded organic cereals, in order to strengthen its domestic cereal business. The cereal maker is planning to offer three USDA-certified organic cereals under the brand. The company claims ...
Tags: General Mills, Organic Cereals
Canada-based organic food company SunOpta has entered into an agreement to sell Opta Minerals business to Speyside Equity Fund for CAD$6.2m ($4.4m), in order to focus on its core business of food distribution. The acquisition proposal has ...
Tags: SunOpta, organic food
Armanino Foods of Distinction reported record sales and profits for the fourth quarter and year ended December 31, 2015. Net sales in the fourth quarter were $9,044,580, an increase of 16% from the $7,793,293 posted in 2014's fourth ...
Tags: Armanino Foods, domestic markets
Nestle India is planning to re-introduce chicken variant in its Maggi Noodles that were relaunched in the country last November. The food company is planning to make the new variant available through online retailer Snapdeal. It had ...
Tags: Snapdeal, Nestle India
Japanese food company Ajinomoto and Japanese technology company Nippon Rika through a joint venture has established a company to manufacture Cysteine Hydrochloride, an amino acid that is used for food products and flavorings. The new food ...
Brazilian food manufacturer BRF has completed the acquisition of UK based food company, Universal Meats for £34m. This deal will enable BRF to expand in local markets in the UK. The negotiations for the takeover began in December ...
Tags: Universal Meats, UK markets