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JBT to acquire Proseal at £220 M

JBT to acquire Proseal at £220 M

The acquisition of Proseal is expected to add annual revenue of approximately $100 millionJBT Corporation (JBT), a global technology solutions provider to high-value segments of the food & beverage industry, recently announced it signed a

Global
Kroger completes sale of Turkey Hill biz to Peak Rock Capital affiliate

Kroger completes sale of Turkey Hill biz to Peak Rock Capital affiliate

In March, Kroger and Peak Rock Capital announced a definitive agreement for the sale of Kroger’s Turkey Hill business to an affiliate of Peak Rock CapitalThe Kroger Co. has completed the sale of its Turkey

Global
Yili’s revenue likely to beat RMB90 billion in 2019

Yili’s revenue likely to beat RMB90 billion in 2019

Yili has steadily increased its market share to 25.6 percent in China, with a market penetration rate of 64.3 percent, much higher than the industry averageDairy giant Yili Industrial Group Co., Ltd. one of the

Global
Nestle Waters joins consortium to boost PET plastic recyclability

Nestle Waters joins consortium to boost PET plastic recyclability

Consortium aims to help make a circular plastic economy an industrial realityOn behalf of the Consortium, Carbios, (Euronext Growth Paris: ALCRB), a company pioneering new, bio-industrial solutions to reinvent the lifecycle of plastic and textile

Global
Saputo acquires the specialty cheese biz of Lion-Dairy & Drinks

Saputo acquires the specialty cheese biz of Lion-Dairy & Drinks

The Specialty Cheese Business will enable Saputo’s Dairy Division (Australia) to further diversify its product offering, adding to and complementing its current activities.Saputo has announced that it has entered into an agreement to acquire the specialty

Global
Mondelēz teams up with FoodTech Incubator The Kitchen

Mondelēz teams up with FoodTech Incubator The Kitchen

Through the collaboration, Mondelēz International will have unparalleled access and visibility to one of the world’s leading FoodTech ecosystemsMondelēz International has reached a collaboration agreement with The Kitchen, Israel’s only FoodTech-focused incubator and one of

Global
Beta-Alanine gets approval for the Japanese market

Beta-Alanine gets approval for the Japanese market

Natural Alternatives International, a leading formulator, and marketer of customized nutritional supplements spent nearly three years navigating the application process and was instrumental in this premier achievement.The public announcement of the approval of beta-alanine in

Global
CPF launches new corn silage plant to boost milk production

CPF launches new corn silage plant to boost milk production

The project will uplift the quality of Thai dairy products to be on par with leading countriesCharoen Pokphand Foods (CP Foods) opened a corn silage plant in an effort to increase quality and yield of

Global
Shanghai to host the 6th Nutraceutical Industry Development Conference in June

Shanghai to host the 6th Nutraceutical Industry Development Conference in June

China is expected to become the world’s second largest health and nutrition product consumption market in 2020China’s regulation over nutrition and health products has become stable, and the Chinese nutrition and health industry has stepped

Global
Cacique expands portfolio of Mexican Mealtime Essentials through acquisition of El Sol Foods

Cacique expands portfolio of Mexican Mealtime Essentials through acquisition of El Sol Foods

The acquisition signals the Cacique brand’s entrance into the salsa categoryCacique®, brand of authentic Mexican style cheeses, cremas, and chorizos in the U.S has announced the acquisition of El Sol Foods, a maker of homestyle