Latest News in the food Industry

Mergers & Acquisitions 

Hormel Foods sells its Health Labs brands to Lyons Magnus

Hormel Foods sells its Health Labs brands to Lyons Magnus

17 Dec 2024

Hormel Foods has confirmed the sale of its Hormel Health Labs division to Lyons Magnus, creating Lyons Health Labs. The strategic move aims to better position Lyons Magnus as a leading player in the growing US market for nutritional and health products...

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Mérieux NutriScience to acquire Bureau Veritas

Mérieux NutriScience to acquire Bureau Veritas

22 Oct 2024

Global food safety service provider Mérieux NutriScience will acquire French food testing business Bureau Veritas, a deal that extends its geographic reach and laboratory testing capabilities.

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The EU’s action plan to remain competitive

The EU’s action plan to remain competitive

18 Oct 2024

The EU has three main areas for action if it is to increase competitiveness in a global economy over the next five years, according to the Draghi Report. We look at what its findings mean for the food manufacturing and retail industry.

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PepsiCo scoops up Siete Foods in $1.2 bn deal

PepsiCo scoops up Siete Foods in $1.2 bn deal

14 Oct 2024

PepsiCo has announced its plan to acquire Mexican-American food company Siete Foods known for its heritage-inspired range of tortillas, salsas, seasonings, and sauces, marking PepsiCo’s first food-based acquisition in around five years.

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Will we see a wave of NPD that focuses on insulin management?

Will we see a wave of NPD that focuses on insulin management?

1 Oct 2024

As a new study finds protein and fats can help manage insulin, food manufacturers are building on emerging GLP-1 platforms and supporting nutritional guidance.

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Mars acquires Pringles manufacturer Kellanova in $35.9 billion deal

Mars acquires Pringles manufacturer Kellanova in $35.9 billion deal

28 Aug 2024

Kellanova, a major player in the snacking industry, has been acquired by Mars, Incorporated. The acquisition aims to broaden Mars's portfolio to a wider range of snacks, thus strengthening its market position.

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Nestlé develops a new fat reduction method for dairy ingredients

Nestlé develops a new fat reduction method for dairy ingredients

26 Aug 2024

A Brazil-based Nestlé research and development team has developed a way to reduce the fat in milk powder by as much as 60%, without impacting the key characteristics that consumers enjoy.

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Rethinking funding for food technology

Rethinking funding for food technology

28 Jun 2024

The landscape of foodtech investment is evolving. With the need for long-term investment perspectives, what are the most effective strategies driving the next wave in foodtech innovation?

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Tate & Lyle to acquire CP Kelco in $1.8bn deal

Tate & Lyle to acquire CP Kelco in $1.8bn deal

24 Jun 2024

Tate & Lyle has announced plans to acquire the hydrocolloid and pectin supplier, CP Kelo, in a deal worth $1.8 billion.

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Roquette to acquire IFF Pharma Solutions in $2.85bn deal

Roquette to acquire IFF Pharma Solutions in $2.85bn deal

14 Jun 2024

Roquette's acquisition of IFF Pharma Solutions, which makes excipients, flavours, and functional ingredients, will strengthen its position in the health and nutrition markets, it says.

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Chobani expands drink presence with La Colombe acquisition

Chobani expands drink presence with La Colombe acquisition

16 Jan 2024

Greek yoghurt giant Chobani has purchased US coffee brand La Colombe Coffee Roasters for $900 million, furthering its expansion into beverage categories like coffee, oat milk, creamer and ready-to-drink offerings.

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Smuckers, Hostess deal latest food industry mega merger

Smuckers, Hostess deal latest food industry mega merger

2 Oct 2023

The J.M. Smucker Co. is to acquire fellow American snack company Hostess Brands for approximately $5.6 billion, following several other high-profile mergers in food and snacks so far in 2023.

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