Digitech Venture Capital Fund, along with technology incubator Seed Sumo and Jason Calacanis, have invested in CarForce, a company that develops connected cars. CarForce was founded by a former eBay Motors executive and has a stellar ...
Tags: Digitech Venture Capital, CarForce
Aluminium cans recycler Novelis has confirmed that the UPM Raflatac’s 23 micron Vanish label film is sufficiently light and does not affect the quality of recycled aluminum. The ultra-thin Vanish PET label film, which is proved to ...
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
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
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 ...
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
Grieg NL has selected AMG Norway, a subsidiary of the Aqua Maof Group, to build its state-of-the-art hatchery and nursery facility in Marystown, Newfoundland. The facility, which will deploy Aqua Maof's cutting edge RAS technology, will ...
Chocolate and cocoa products maker Barry Callebaut has opened its first chocolate factory in Indonesia. The company had entered into a long-term agreement for out-sourcing with GarudaFood Group. As per the deal, GarudaFood will supply ...
Olymel has announced that it will expand its pork processing facility in Beauce in Canada’s Quebec province with an investment of $3m. The Canadian pork and poultry meat producer will use the investment for installing new equipment ...
Global plant protein manufacturer Axiom Foods will enter India to produce natural rice bran oil to tap the vast potential of the market. In India, Axiom Foods will produce a range of stabilized rice bran ingredients for both human food ...
Tags: Axiom Foods, rice bran oil
Orkla Food Ingredients has, through its 50% ownership in FD Holding Oy, been granted European patent for the FOODDUCK spread dispenser. Corresponding patent application has also been approved for grant in the US. Following successful test ...
Tags: Orkla Food Ingredients, FD Holding Oy, FOODDUCK spread dispenser
Krispy Kreme Doughnuts has announced a development agreement with Hagar verslainr ehf. that will bring the sweet treat company to Iceland. The first of five Krispy Kreme shops will open in Reykjavik on 5 November. "We are excited to ...
Tags: Krispy Kreme Doughnuts, agreement, Hagar verslainr ehf.
Private equity firm Grey Mountain Partners has acquired Mediterranean food maker and distributor Kronos Foods. Financial details about the acquisition have not been disclosed. Based in Glendale Heights, Illinois, Kronos sells gryo meat, ...
Food technology company JBT has entered into an agreement to acquire Tipper Tie for $160m to expand its protein platform. However, the transaction value is subject to customary post-closing adjustments. Expected to close in the fourth ...
Tags: JBT, Tipper Tie, acquisition
Stone Canyon Industries has sold SCI Ingredients and its wholly owned operating subsidiary, Fleischmann's Vinegar Company to Green Plains for $250m. Fleishmann’s Vinegar is being regarded as one of the largest producer of food-grade ...