Libstar to sell dairy and fruit drinks unit, sees double digit growth in half year earnings

SOUTH AFRICA – Libstar Holdings, a South African consumer goods company has announced that it has entered into a binding agreement to sell its non-core dairy-blend and fruit concentrate beverage operations, for an undisclosed amount. […]

Graphic Packaging to invest US$600m to expand sustainable production capabilities

USA – Graphic Packaging, an Atlanta-based provider of packaging solutions to food and beverage industry has announced plans to invest US$600 million in expanding production capabilities. The multi million-dollar investment will be used on a […]

USDA approves Cargill’s plant-based fish oil alternative for US cultivation

“With USDA deregulation, Cargill plans to advance the commercialization of its long-chain omega-3 canola trait in a tightly-managed closed loop supply chain.”

Egypt’s Dina Farms to invest US$22.4m in expanding dairy, feed production capacity

EGYPT – Dina Farms, Egypt’s largest private sector farm has announced a US$24.4 (EGP400 million) investment in its dairy farm and associated segments over the next three years to expand its production capacity. The investment […]

DuPont considers divesting food additives and ingredients business for US$20bn

USA – Specialty chemicals maker, DuPont is said to be considering selling its nutrition and biosciences unit, few months after Dupont became independent following a three-way split earlier this year. According to a Bloomberg report, […]

Beyond Meat halts plans for Japan entry, to increase focus on US market

JAPAN – US based meat alternatives company, Beyond Meat Inc, has shelved plans to enter Japan and will be focusing more on the US. Market. According to a Japan-based investor Mitsui & Co Ltd, which […]