Kerry Group, the world’s leading taste and nutrition company, has completed its the reported €126.9 million acquisition of Spanish biotech company Biosearch Life.
The meat alternatives company has given its latest innovation challenge award to a French start-up with new technology that differs from conventional extrusion.
Kerry Group has agreed to sell its Meats and Meals business in the UK and Ireland to US poultry producer Pilgrim’s Pride for €819m as it seeks the higher growth opportunity offered by its Taste and Nutrition division.
French investment firm Roquette Ventures (part of ingredients company Roquette Group), which supports start-ups in the food, nutrition, and health markets, is looking to scale up production of plant protein sweeteners made using precision fermentation.
Verlinvest tells FoodNavigator it is doubling down on the consumer shift towards sustainability, ethics and health. ‘This is where the growth is coming from’, it says.
LIVEKINDLY Collective has continued its strategy of consolidation in the plant-based space with another acquisition. FoodNavigator asks what this means for the development of what is today a highly fragmented category.
Italian confectionery giant Ferrero says it is looking to enlarge its product offering in the sweet biscuit market after acquiring the UK’s second-largest biscuit manufacturer Burton’s from former owner Ontario Teachers’ Pension Plan Board for an undisclosed...
Canadian dairy company Saputo Inc. has announced two acquisitions, one in the dairy alternatives space and the other in value-added ingredients, at a cost of around C$187m (US$154m).
Last year was the biggest to date for sustainable protein company launches, private investments, and retail sales, according to the Good Food Institute, which has just released its annual State of the Industry reports covering the plant-based, cellular...
Cargill has acquired Leman Decoration Group in a deal that the company said represents a win-win: It will enhance Leman’s chocolate expertise and expand Cargill’s overing in the decorations space.
Following its acquisition by Investindustrial, CSM Bakery Solutions has rebranded as CSM Ingredients. FoodNavigator speaks to the group’s CEO Aldo Uva about the opportunities the new ownership structure will unlock.
Brazilian meat giant JBS has entered into a deal to acquire Vivera, Europe’s third-largest plant-based food company. The agreement is an ‘important step’ in its efforts to expand in the plant-based protein and value-added food segments, FoodNavigator...
As a new fund announces it will invest up to €30 million in the most promising companies over a span of up to four years, EIT Food identifies to FoodNavigor the problems for which it is seeking solutions.
French insect protein pioneer Ÿnsect has acquired Dutch mealworm specialist Protifarm in a move that the company says will give it a ‘strategic boost’ in the human nutrition market.
Nactarome, an ingredient supplier majority-owned by private equity investor Ambienta, has completed its fourth bolt-on acquisition in three years with a deal to take control of the UK’s TasteConnection. FoodNavigator hears from Hans Udo Wenzel, Nactarome's...
The companies have tasked start-ups, via the next Future Food-Tech innovation challenge, to make products that can mimic whole meat cuts and deliver newer gastronomic experiences to consumers.
DSM has today (31 March) agreed to acquire the flavour and fragrance (F&F) business of US-based biotech firm Amyris, extending its portfolio with bio-based ingredients for the flavor and fragrance and cosmetics industries.
Europe’s largest frozen food player has announced plans to acquire Fortenova’s frozen savoury and ice cream assets. The buy-out marks Nomad’s second in six months, and CEO Stéfan Descheemaeker says investors ‘should not assume we are done’.
Mars Edge – the segment of Mars Incorporated dedicated to supporting human health through nutrition – is on a mission to reconcile the nutrition that consumers need with the food they want, it tells FoodNavigator.
Dutch cell-cultured meat startup Meatable - which is working with porcine and bovine induced pluripotent stem cells [iPSCs] – has closed a $47m Series A round (bringing its total funding to $60m) to advance small-scale production at the Biotech Campus...
US-based global snacking heavyweight Mondelēz International taps into the mass appeal of protein bars as it acquires a significant majority interest in the UK's leading protein bar brand Grenade.
Global investment in alternative proteins was the highest ever in 2020 and three times the capital invested in 2019 – signalling growing momentum for sustainable alternatives.
Nestlé continues to lean into the direct-to-consumer (D2C) channel as part of its portfolio transformation strategy. This week, the Swiss food giant snapped up UK recipe kit company SimplyCook. With the changes ushered in by COVID expected to leave a...
The great SKU rationalization last Spring caused by pandemic-related supply chain constraints and consumer stockpiling not only forced CPG companies to pause production temporarily of some products, but it prompted many to reevaluate their product mix...
Kerry Group’s strategic review of its dairy production and consumer food assets will allow it to free up money for acquisitions in faster growing areas, say equity analysts.
Equity analysts predict a bright future for the mega merger, completed today (1 February), between International Flavors & Fragrances Inc (IFF) and DuPont’s Nutrition & Biosciences (N&B) business. They also expect more tie-ups to come in the...
Finnish online food delivery platform Wolt has raised over $500m from global investors in news that illustrates continued growth in home delivery for food and drink products is set to be one of the biggest trends of this year.
Investors look likely to applaud Unilever’s commitment to ensuring all suppliers will pay the living wage in its supply chain. But the consumer goods giant risks potential challenges if costs are passed on to end consumers, says an analyst.
Dublin-based Valeo Foods Group has agreed a deal to buy German confectioner Schluckwerder Holding, in a bid to further consolidate its position as a major international food business across the UK, Continental Europe and Ireland.
Frozen food specialist Nomad Foods has entered into ‘exclusive negotiations’ to acquire the frozen food business of Croatia’s Fortenova Group. The move demonstrates Nomad’s ambition to expand in what it describes as ‘developing’ European markets and deliver...
LIVEKINDLY Collective, which owns a growing stable of vegan brands, has acquired the No Meat business from UK retailer Iceland Foods. We caught up with the group’s management to learn more about its growth ambitions.
Unilever has sold what remains of its Bertolli business to Dutch food maker Enrico-Glasbest. Unilever’s ongoing move away from low-growth categories and brands will be welcome news for investors but Enrico-Glasbest says a little TLC will unlock ‘enormous...
Interest of private equity funds in Europe was piqued this year by the food ingredients sector. Partner at advisory group Oghma Partners, Mark Lynch, tells FoodNavigator he expects this trend to continue.
Trade buyers and private equity funds are flush with funds and eyeing interesting players to invest in, says a bullish Andreas Kulcsar, Executive Director at investment bank DC Advisory.
Cultivated or cultured fat could be the key to improving the taste and texture challenges of plant-based meat alternatives, according to one player in this market.
How big a landmark moment is Eat Just’s approval in Singapore? What does it tell us about the opportunities for cultivated meat in Europe? We hear from enthusiasts and detractors of this quickly emerging yet controversial sector to digest the ramifications...
Tate & Lyle has taken full control of stevia supplier Sweet Green Fields (SGF). Abigail Storms, Global Sweeteners Lead, says the move will create ‘more opportunities to innovate with customers leveraging SGF’s deep technical stevia expertise’.
Nestlé announced this week that it has acquired a majority stake in UK meal kit service Mindful Chef. The news follows on the heels of a deal in the US to take control of recipe box supplier Freshly. What opportunities - and challenges - will Nestlé’s...
Europe’s agri-food sector is ripe for investment as the region seeks to make its food system more sustainable, healthy and trusted, according to EIT Food.
The ingredients supplier is acquiring an 85% shareholding in Chaodee Modified Starch Co, a tapioca modified food starch manufacturer in Thailand, to grow its texturant portfolio.
A Tetra Pak-funded research project, undertaken by Lund University, has detailed four plausible scenarios for the future of dairy. These include a ‘policy-driven food system change’ in the Green Dairy scenario and a business-as-usual approach in Dairy...
Ingredients supplier Kerry Group has unveiled an ambitious sustainability strategy including a commitment to reduce greenhouse gas emissions by 33% by 2030 and achieve net zero before 2050. It is also exploring those sectors such as immunity and food...
