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Crowd Cow raises $8m in Series A funding
Crowd Cow, a US-based company which delivers small-batch craft meats to customers, has raised $8m in Series A financing round led by Madrona Venture Group with new participation from Ashton Kutcher & Guy Oseary's Sound Ventures and existing investors such as Joe Montana of Liquid 2 Ventures.

Saputo to buy Canadian dairy producer Shepherd Gourmet
Canadian dairy giant Saputo has signed an agreement to acquire the activities of Shepherd Gourmet Dairy (Ontario) for a price of $77.7m.

Dairy Crest to invest £85m to expand cheese production capacity
Dairy Crest has revealed its plans to invest £85m to expand its cheese production capacity to cope up with the increasing demand for mature cheddar cheese in Europe, the US, China and the Far East.

Café Valley to unveil four new specialty cakes in US
Café Valley, a ready-to-eat bakery brand, is expanding its ring cake line with four new specialty cakes this summer, named as Celebration, Pink Lemonade, Key Lime and Salted Caramel.

UK food industry fails to achieve PHE’s 5% sugar reduction target
The UK food industry has fallen short of the 5% target of sugar reduction across food products set by Public Health England (PHE) in the first year of its 4-year sugar reduction program.

EVOLVE Brands to debut expanded product portfolio at Sweets & Snacks Expo
Privately-held better-for-you snacks manufacturer EVOLVE Brands has revealed its plans to exhibit its snack range at Sweets & Snacks Expo, to be held from May 22 to 24 at McCormick Place in Chicago.

Comvita turns down takeover proposal from undisclosed buyer
Comvita, a New Zealand-based honey products manufacturer, has turned down a takeover offer from an undisclosed buyer due to differences over price.

Kumana to launch Avocado sauces range in Northern California and Portland
Los-Angeles based Kumana said that it will launch its Venezuelan-inspired Avocado Sauces across 400 Safeway and Albertsons locations in Northern California and Portland regions, which will be available from next month.

LDC, Al-Munajem to acquire French poultry firm Doux's assets
LDC, a French poultry processor alongside Al-Munajem, a Saudi food company, will buy production sites of the bankrupt France-based poultry producer Doux.

Tyrrells to join KP Snacks family
The Intersnack Group's KP Snacks business has agreed to acquire Tyrrells and its global portfolio of better-for-you, premium snack brands from Hershey Company for an undisclosed amount.

Biscuit International buys Northumbrian Fine Foods
Biscuit International has acquired UK-based gluten and milk-free biscuit manufacturer Northumbrian Fine Foods (NFF) from CriSeren Foods.

Valio China establishes new business units of retail and food service
Finnish dairy and food firm Valio has established new retail and food service business units in China.

Kellogg's Froot Loops gets first new flavor in 10 years
Kellogg's has launched Wild Berry Froot Loops in the US, which is a new flavor of the company’s sweetened, fruit-flavored breakfast cereal range Froot Loops.

Chocolate firm Hu Products secures investment from Sonoma Brands and others
Hu Products (Hu Chocolate), a maker of organic, paleo and vegan chocolate, has raised an undisclosed amount of Series A funding.

Kraft Heinz’s Springboard platform launches inaugural incubator class
Kraft Heinz’s Springboard platform has selected five disruptive brands in its inaugural incubator program class which include antioxidant lemonades, avocado-based sauces, egg-white chips, fermented kraut, and South-African biltong & droëwors.

Bakkafrost to acquire Atlantic Salmon importer North Landing
Salmon producer Bakkafrost has agreed to acquire North Landing, an importer and distributor of Atlantic Salmon on the US East Coast.

CFIA warns of bacterial contamination in certain Four Seasons smoked salmon products
The Canadian Food Inspection Agency (CFIA) said that certain Four Seasons Marketplace brand refrigerated packaged smoked salmon products in Canada have been warned to be unsafe due to possible contamination with dangerous bacteria.

Salmonella outbreak infects 35 people in nine US states
A salmonella outbreak in the US caused by consumption of contaminated eggs linked to Indiana-based Rose Acre Farms has been reported to have infected at least 35 people.

Nestlé to launch breakfast cereals in India
Nestlé India is expanding its product portfolio by introducing Nestlé Breakfast Cereals from Cereal Partners Worldwide (CPW) to its existing portfolio this year.

Hostess Brands launches premium snack line
US bakery firm Hostess Brands has introduced premium adult snacking to the sweet baked goods category with the launch of Hostess Bakery Petites.


-- courtesy of The Food Business Review Online (http://www.food-business-review.com/)  

 

 

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