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 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
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 ...
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
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
Atlantic Natural Foods, a subsidiary of investment group AFT Holdings, has completed the acquisition of Loma Linda Foods and the licensing rights to Worthington Foods brands of vegetarian foods from Kellogg. The acquisition was completed ...
Ice creams made in Russia are gaining popularity in China after Russian President Vladimir Putin brought them as a gift for President Xi Jinping during the G20 summit in Hangzhou earlier this month. Xi, who turned out to be a fan of ...
Tags: Ice Creams, Food
Consolidated Grain and Barge (CGB) is set to expand its soybean processing plant in southwest Indiana with an investment of more than $31m. Through the expansion, the company plans to double the size of its plant located at the Port of ...
Tags: CGB, expansion, soybean processing plant
The biggest weekly slump in the global gold price led Beijing's gold stores to cut their prices for the first time this year. The price in Beijing declined by 10 yuan ($1.5) per gram on Sunday. This was the first cut, following six earlier ...
Tags: Gold, Gold Prices
South Africa-based Rhodes Food Group has announced plans to acquire domestic food producer Pakco for R200m ($14.5m), as part of its expansion strategy. Pakco owns popular brands, including the iconic Bisto brand, Hinds, Buffalo, Southern ...
Tags: Rhodes Food Group, Pakco, acquisition
Cargill reported financial results for the fiscal 2017 first quarter ended 31 August, 2016. Key measures include: Adjusted operating earnings rose 35 percent to $827 million in the first quarter, compared with $611 million in the ...
Tags: Cargill, fiscal results
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 ...
Potato-chip giant Utz Quality Foods has completed its previously announced $135m acquisition of Alabama based Golden Enterprises, the owner of the Golden Flake Snack Foods. The merger is expected to support Utz Quality Foods’ growth ...
US Foods has entered into an agreement to acquire specialty foods distributor Jeraci Foods to expand its reach in the Italian independent restaurant and pizzeria sectors. However, the terms of the transaction were not disclosed. Based ...
Tags: US Foods, Jeraci Foods, acquisition