Demand for pulse flour to gather pace with increasing penetration of flour variants

WORLD – Heightened demand for plant-based and gluten-free foods from the food industry across the world is projected to give traction to the pulse flour market, making it a hub of profitable growth during the […]

Del Monte Pacific to sell stake in Philippine subsidiary for $130m

PHILIPPINES – Del Monte Pacific Limited (DMPL) has entered into an agreement with Singapore-incorporated SEA Diner Holdings to sell 13% stake in its Philippine unit for US$130 million. Under the agreement, SEA Diner will acquire […]

Nestlé acquires Zenpep to expand its medical nutrition business

SWITZERLAND – Nestlé has entered into an asset purchase agreement with Allergan to acquire the gastrointestinal medication, Zenpep as the company moves to expand its medical nutrition business and complement its portfolio of therapeutic products. […]

Plant-based cheese startup Noquo Foods raises US$3.7m in seed funding

SWEDEN – Noquo Foods has raised €3.25 million (US$3.7 million) in a seed funding to help the Swedish startup accelerate its R&D efforts towards developing plant-based cheese. Founded by Sorosh Tavakoli and Anja Leissner, Noquo […]

Coca-Cola joins forces with JD.com to explore new recycling program in China

CHINA – During the 50th World Economic Forum in Davos, Switzerland, The Coca-Cola Company announced a partnership with JD.com to explore new ways of plastic recycling to help drive the circular economy in China. The […]

Alcohol free wine maker FRE forays into the canned wine market with new offerings

USA – FRE, one of the leading alcohol-removed wine brand, has entered the cans market with the launch of new single-serving alcohol-removed wines; Sparkling Rosé and Sparkling Brut. The new offerings aim to give existing […]

Cargill invests US$29.1m to expand animal nutrition plant in the US

USA – Diamond V, an animal nutrition business owned by Cargill, has opened its expanded manufacturing plant in Cedar Rapids, Iowa, to complete all production and packaging of its natural immune support products in one […]

Kroger teams up with Ocado in opening new distribution facility in the US

USA – The Kroger Company, America’s largest grocery retailer has partnered with British online grocer, Ocado in setting up and operating a new Customer Fulfillment Center (CFC) located in Frederick, Maryland. The facility will support Kroger’s […]

Müller appoints Jon Jenkins as CEO of milk & ingredients division

UK – Müller has appointed Jon Jenkins the new chief executive officer of Müller Milk & Ingredients (MMI), the fresh milk, cream, butter and ingredients business of the dairy group. Jon Jenkins, formerly CEO of […]