Israel’s food majors Tnuva and Tempo back US$283m foodtech initiative

ISRAEL – Tnuva, Israel’s largest food manufacturer has joined forces with leading beverage company, Tempo Beverages and global agrifood investment leader Finistere Ventures in the launch of NIS1bn (US$283m) “Fresh Start” FoodTech Incubator. The FoodTech […]

Kraft Heinz leads seed funding in animal-free cheese maker

USA – New Culture, maker of animal-free dairy cheese has closed a US$3.5 million seed funding round led by Evolv Ventures, the Kraft Heinz’s US$100 million venture fund. New Culture, which was founded in late […]

Arla Foods partners Nigerian State to scale-up dairy farming scheme

NIGERIA – Arla Foods, Denmark-based dairy firm has partnered with the Kaduna State Government in Nigeria to establish a dairy development programme that aims at developing the dairy sector. To strengthen the private-public partnership, Arla […]

Arla Foods introduces new solution to expand global distribution

DENMARK – Europe’s largest dairy cooperatives, Arla Foods has pioneered an innovative, natural, no preservative transport solution for fresh dairy products to enable the dairy giant expand its global distribution network. The technology, which Arla […]

Dean Foods to remain standalone business after strategic review

USA – Dean Foods, America’s leading food and beverage manufacturer has resolved to operate as a standalone unit following a comprehensive review of strategic alternatives, including a possible sale of the company. Dean Foods initiated […]

South Africa’s Libstar to invest US$6.65m in upgrading three facilities

SOUTH AFRICA – South African food producer Libstar Holdings has announced that it will be investing a total of US$6.65 million in upgrading three of its facilities over the next six months. The company plans […]

Fonterra delays annual results reporting date to finalize accounts after write-downs

NEW ZEALAND – Fonterra has advised a change of date for reporting its audited financial results for the financial year ending 31 July 2019. The dairy cooperative, which was previously expected to report the financial […]

DMK Group to fully acquire joint venture DV Nutrition

NETHERLANDS – Germany’s leading dairy cooperative, DMK Group has agreed to fully acquire the assets of DV Nutrition, a joint venture the company had formed with UK headquartered dairy nutrition company Volac. The move will […]

Maple Hill partners with SIG to launch single serve organic milk

USA – Maple Hill, American organic dairy producer has partnered with Swiss aseptic packaging producer SIG Combibloc in developing a single-serve version of its 100% grass-fed organic milk. The new eight-ounce Maple Hill’s Whole Milk […]

Fonterra commits to reducing water use at six New Zealand facilities by 30%

NEW ZEALAND – The leading New Zealand dairy co-operative, Fonterra has raised its sustainability targets and pledging to reduce water use at six of its New Zealand new manufacturing sites by 30% by 2030. The […]