Orkla to sell salad business K-Salat to Stryhns
Orkla Foods Danmark has agreed to divest its salad business K-Salat to Stryhns for an undisclosed price.
Algaia launches seaweed extract ingredient for dairy and non-dairy desserts
Algaia, which is engaged in the development, manufacturing and marketing of natural marine-extract products and solutions, has launched Satialgine DVA, a new seaweed extract ingredient for dairy and non-dairy desserts.
Nestle to restructure infant nutrition business
Switzerland-based global food and drinks company Nestlé is reorganizing its infant nutrition business to compete more effectively with local rivals and start-ups.
Chinese investors acquire Brownes through Australia Zhiran
A consortium of Chinese investors, which includes Changchun Lianxin Investment Consulting and Shanghai Ground Food Tech, has acquired Brownes Dairy through Australia Zhiran.
Paine Schwartz invests in ingredient firm Lyons Magnus
Paine Schwartz Partners has completed a strategic investment in Lyons Magnus, a developer and manufacturer of fruit and flavor solutions for the foodservice, healthcare and dairy industries.
Jardine Cycle acquires stake in Vietnamese dairy firm Vinamilk
Singapore-based Jardine Cycle and Carriage (JC&C) has agreed to acquire 5.53% stake in Vietnam Dairy Products Joint Stock Company (Vinamilk) for $616.6m through its subsidiary Platinum Victory.
Goya Foods expands North American processing center in Brookshire, Texas
Goya Foods, a Hispanic-owned food company in the US, has expanded its North American Processing Center in Brookshire, Texas with the addition of 324,000ft² of production warehouse, distribution warehouse, auxiliary buildings and production office.
Ardian to acquire Spanish bakery firms Berlys and Bellsola
France-based private equity firm Ardian has agreed to acquire Spanish bakery companies Berlys and Bellsolà with an intention to combine the two businesses.
Tate & Lyle modernizes Swedish oat processing plant with ABB technology
Tate & Lyle, a global ingredients and solutions supplier, has modernized its Swedish oat processing plant using ABB technology.
Chobani to expand yogurt plant in Idaho, US
US-based Greek yogurt brand manufacturer Chobani is expanding its yogurt plant in Twin Falls, Idaho, by breaking ground on a 70,000ft2 facility that will serve employees, guests and house its global research and development team.
Frutarom acquires AB-Fortis activity from Spain's AB-Biotics
Frutarom Industries has signed an agreement with AB Biotics of Spain for the acquisition of the activity of AB-Fortis with its patent-protected micro-encapsulation technology that facilitates delivery of iron with increased biological absorption while avoiding the side effects of metallic taste and digestive problems in the applications of functional foods and dietary supplements.
China’s JD.com to import $1.2bn of US beef and pork products
Chinese e-commerce company JD.com has agreed to buy more than $1.2bn of US beef and pork from The Montana Stock Growers Association (MSGA) and Smithfield Foods, respectively, in the coming three years.
SunMoon Food deploys Oracle's NetSuite OneWorld for global expansion
SunMoon Food Company, a global distributor of fruit and food products, has implemented Oracle's NetSuite OneWorld to support its global growth, and increase overall productivity and efficiency.
Pioneer Foods to buy Kraft Heinz’ South African JV stake
Pioneer Food will acquire full ownership of Heinz Foods South Africa (Heinz Foods SA) by purchasing the remaining 50.1% stake in the joint venture (JV) from Kraft Heinz Company’s subsidiary Heinz SA.
Cargill to invest $240m in India
Food and agriculture company Cargill has unveiled plans to invest $240m in India over the next five years.
Fonterra to buy stake in US whey protein business Columbia River Technologies
New Zealand dairy giant Fonterra Co-operative Group is acquiring a stake in US-based Columbia River Technologies, a whey protein concentrate and lactose manufacturer, for an undisclosed price.
Bakkavor scraps plans to float IPO
Bakkavor, a UK-based fresh prepared food manufacturer, has scrapped its previously announced plans to seek an initial public offering (IPO) on the London Stock Exchange (LSE).
Arla Foods to divest stake in Brazilian dairy producer Vigor
Arla Foods has decided to sell its 8% share in Brazilian dairy company Vigor with immediate effect following a change in ownership of the latter.
Mars Food acquires Preferred Brands International
Mars Food has completed the acquisition of Connecticut-based Preferred Brands International, a manufacturer and marketer of all-natural, ready-to-heat Indian and Asian food products sold mainly under the Tasty Bite brand.
Slow Ventures invests in Alpine Start Foods
Alpine Start Foods, an instant coffee brand, has secured venture investment from Slow Ventures.
-- courtesy of The Food Business Review Online (http://www.food-business-review.com/)