Business
Oterra Strengthens US Presence to Meet Demand for Natural Colors
Oterra, a leader in natural colors for the food and beverage sector, is building on its capabilities in the US with a state-of-the art innovation, collaboration, and production hub in Mt. Pleasant, WI.
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Paris Baguette Opens Its 200th Location in North America
Paris Baguette, the renowned global bakery-café brand, is thrilled to announce the opening of their 200th location in North America. This significant milestone marks a major achievement in the brand's expansion and commitment to bringing…
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ARYZTA Invests in German Production Facility
ARYZTA AG, a global food production company, is doubling down on its European manufacturing capabilities with significant investments at its Eisleben facility in Saxony-Anhalt, Germany, signaling confidence in the region’s bakery market.
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Yeastup Secures CHF8.9m in Series A
Yeastup AG extracts highly functional ingredients from brewers’ spent yeast using its patented process. This breakthrough innovation isolates protein, beta-glucan and mannoprotein in a single industrial process. These high-quality,…
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Celleste Bio Raises USD4.5m to Scale Production of Cell Cultured Cocoa
Celleste Bio, an early-stage cocoa-tech company, announced today the closing of a $4.5M seed financing round led by Supply Change Capital, with participation from Mondelēz International's SnackFutures Ventures, Consensus Business Group...
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Gavan Secures USD8m to Commercialize Cutting-Edge Plant-Based Fat
FoodTech start-up Gavan Technologies, Ltd. announces it has raised USD8m in A-round funds. This fresh capital infusion will enable Gavan to break into the European food market with its cutting-edge plant protein-based fat solution, Fatrix.
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Bloomberg: Mondelez Exploring Takeover of US Chocolate Maker Hershey
Mondelez International Inc., the snacks and sweets company, is exploring an acquisition of iconic US chocolate maker Hershey Co., reports Bloomberg, in a potential deal that would create a food giant with combined sales of almost $50…
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Givaudan and Moonshot Pirates Partner to Create Alternative Protein
Givaudan, a global leader in flavours, taste, functional and nutritional solutions, announced a new collaboration with Moonshot Pirates, a dynamic movement of young leaders and changemakers. The collaboration takes the form of the “Shape…
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Grupo Bimbo Sues Maple Leaf and Former Management for CAD$2bn
Grupo Bimbo issued a Statement of Claim in the Ontario Superior Court of Justice against Maple Leaf Foods Inc. and certain senior officers and directors of the Company in relation to the sale of Canada Bread...
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Brace’s Bakery Upgrades to Cybake to Manage its Operations
Major Welsh manufacturer Brace’s Bakery has installed Cybake software to manage business operations at its two plants in Pen-y-Fan Industrial Estate, Newport, and Croespenmaen, Caerphilly. Brace’s Bakery is the biggest brand in Wales, known…
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Koelnmesse Restructures Food and Food Technology Divisions under Unified Leadership
Koelnmesse has announced the integration of its Food and Food Technology portfolios into a single business unit as part of a strategic restructuring. Effective immediately, Bastian Mingers, currently Vice President Food, will also assume…
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Canada Releases its 2024 New Wheat Crop Report
Cereals Canada released its annual New Wheat Crop Report to domestic and global customers of Canadian wheat. The 2024 report provides a quality and functionality update and highlights Canadian wheat production.
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Ferrero Invests in U.S. Hazelnut Farming
Ferrero Hazelnut Company, a division of global sweet-packaged food company the Ferrero Group, today expanded its investment in U.S.-grown hazelnuts with USD340,000 in research grants: USD180,000 to Oregon State University andUSD$160,000 to…
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Bühler Inaugurates Grain Innovation Center
Swiss technology leader Bühler Group has inaugurated its new Grain Innovation Center (GIC) in Uzwil, Switzerland, enhancing its capabilities in grain processing and innovation for the food and animal nutrition industries. The…
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Paris Baguette Expands North American Footprint, Opens 9 New Cafés in Q3
Paris Baguette, the French-inspired bakery café franchise, has announced significant North American expansion this quarter, with the opening of nine new cafés and the awarding of 53 new franchise agreements. The company, which operates…
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HIFOOD and Crust & Crumb Bakery Won 2 Plant-Based Excellence Awards
HIFOOD – company specialized in the research, development, and production of natural ingredients, and part of CSM Ingredients group – and Crust & Crumb Bakery – the largest manufacturer in Ireland of ambient, chilled, and frozen…
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Turpaz Acquires German Flavor Company Schumann
Turpaz Industries Ltd. purchased 100% of the share capital of the German company Schumann & Sohn GmbH which operates in the field of food flavors, for approx. EUR10.7m. The deal, which was completed on November 7, 2024, was financed…
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CEO Transition at Kwik Lok: Eric Hill Takes Over from Don Carrell
Kwik Lok Corporation has announced plans to transition the CEO role. Don Carrell, who assumed leadership in February 2019 from his role as Chief Operating Officer, will be leaving the company. Eric Hill, of Graphic Packaging...
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