Dr. Oetker to close pizza site as the Canadian market becomes competitive

CANADA - Dr. Oetker, a subsidiary of Oetker Group has announced that it will be closing its pizza manufacturing site in Great Falls as the Canadian market has become unfavourable to them. The closure which is expected to take effect in May will lead to a 70% transition of its manufacturing to its facility in…

Rabobank invests US$74.8 million into Rabo Frontier Ventures

NETHERLANDS - Rabobank, a multinational company offering food and agricultural financial services, has invested US$74.8 million to fund the Rabo Frontier Ventures that seeks to elevate emerging fintech and food & agri companies. Rabo Frontier Ventures will receive financing from the Rabobank meant to support and boost fintech and food & agri innovations. This is…

Wessanen launches a new smooth peanut butter spread

NETHERLANDS - Wessanen, the European based company and a leader in organic and natural food products, has expanded its Whole Earth brand to include a new smooth peanut butter spread. The new smooth peanut butter spread targets a population of consumers who are mindful of their health as it contains low cholesterol levels since it…

Happy Family unveils first Organic Whole Milk Yogurt with no added sweeteners

USA - Happy family, the Danone owned brand for organic baby food, has taken a focus on children’s health by unveiling a new line for organic whole milk yogurt meant for babies and toddlers. The new yogurt products that aim at promoting the well-being of children aged 6 months and 3 years will not have…

Givaudan Group reports 4.9% rise in full year sales to US$5.47b

SWITZERLAND – Flavours and fragrances major Givaudan has posted its full year sales of US$5.47billion showing strong financial performance, up 4.9% from last year’s results. According to the company, the net income rose up by 11. 7% year-on-year basis, which amounted to US$771.4million and the EBITDA was of US$1167million. Givaudan completed the year with good…

DSM, Evonik announce joint venture for omega-3s production

NETHERLANDS – Leading Dutch and German ingredients solutions companies DSM and Evonik have established a new company to manufacture omega-3 solutions for the animal feed industry. Dubbed Veramaris V.O.F., the new company will manufacture eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) omega-3 fatty acids from natural marine algae for animal nutrition. The 50/50 joint venture…

DNV GL partners with block chain company to improve product transparency

NORWAY – DNV GL and VeChain have agreed on a partnership to use block-chain to improve the transparency of product and supplier information, significantly increasing the efficiency of supply chains. According to DNV GL, this is one of the next series of steps in the company's Digital Assurance Concept, which uses block-chain technology as a…

Heineken launches partnership towards ending epidemics in Africa

AFRICA – The Global Fund, in conjunction with brewing giant Heineken have launched a new public-private partnership, joining forces to further advance the goal of ending HIV, tuberculosis and malaria epidemics in Africa. According to Heineken, it will lend its expertise in the areas of logistics and communications to support the Global Fund in better…