CK Asset to acquire UK pub company Greene King for US$3.27bn

UK- CK Asset Holdings, a Hong-Kong based property investment firm has entered into an agreement to acquire UK pub and beer company Greene King for US$3.27 billion (£2.7 billion). Greene King, Britain’s largest pub retailer […]

Maple Leaf Foods chief financial officer to stepdown, launches search for successor

CANADA – Maple Leafs Foods, a major Canadian consumer packaged meats company, has announced that its Chief Financial Officer (CFO), Debbie Simpson has decided to leave her position effective November 1, 2019. The company, house […]

Plant-based foods associated with a lower risk of heart diseases, study shows

USA – Diets higher in plant foods and lower in animal foods are associated with a lower risk of cardiovascular disease and mortality in a general population, according to new study by Journal of the […]

Ajinomoto to invest US$84.9m in relocating Malaysian subsidiary

MALAYSIA – Japanese headquartered seasoning major, Ajinomoto will be investing US$84.9 million (MYR355 million) in relocating its Ajinomoto Malaysia Berhad (AMB) subsidiary to a new site in Bandar Enstek, Malaysia. Construction works for the new […]

Ceres Global completes acquisition of Canadian Delmar Commodities

CANADA – Ceres Global, a global agricultural, energy and industrial products merchandising and supply chain company has completed its acquisition of Manitoba, Canada based Delmar Commodities Ltd. According to Ceres, the acquisition includes 100% of […]

Crown Beverage opens new graphics studio to optimize packaging design

USA – Crown Beverage Packaging North America, a business unit of Crown Holdings, has opened a new graphics studio in North America to help beverage brands expedite product launches. The 14, 000 square feet facility […]

Hazel Technologies raises US$13m to expand food preservation solutions

USA – Hazel Technologies, a USDA-supported agricultural technology start-up, has raised US$13 million in Series B funding to expand its shelf life-extending solutions. Led by Pangaea Ventures and S2G Ventures, the Series B funding brings the […]

Hershey acquires stake in Irish protein bar maker Fulfil Holdings

IRELAND – American chocolate manufacturer, The Hershey Company has announced a minority investment in Irish protein bar manufacturer Fulfil to expand its business in Europe. Fulfil Holdings, which was founded in 2016, is a one […]

Motif Ingredients rebrands as Motif FoodWorks, raises US$27.5m

USA – Motif Ingredients, a food science and technology company owned by biotech unicorn Ginkgo Bioworks has US$27.5 million funding to expands research and development of animal-free ingredients. In addition, the company has also revealed […]

Japanese Brewer Kirin to acquire stake in health food maker Fancl for US$1.22bn

JAPAN – Kirin Holdings, Japan’s second-largest brewer says that it will spend US$1.22 billion (129.3 billion yen) to purchase a 30.3% stake in cosmetics and health food maker Fancl. The investment is part of Kirin’s strategy of […]