Cacique to build new dairy processing facility in US to meet rising demand

TEXAS – Cacique, a leading Hispanic food company in the US, has inaugurated the construction of a new dairy processing facility in Texas, US to meet growing demand for its products. According to a statement from Cacique, the new facility will be built at a cost of US$88 million and should begin operations in autumn next year. Around 200 full-time jobs are expected to be created at the new site which is located in the Texan city of Amarillo. Cacique says the planned 200,000-square-foot facility will be equipped to handle…

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Beef processing giant Marfrig increases stake in Brazilian peer BRF to 31.66%

BRAZIL – Marfrig Global Foods, the world’s second-largest producer of beef after JBS, has increased its stake in BRF to 31.66% in an effort to diversify its holdings. BRF is one of the biggest food companies in the world, with over 30 brands in its portfolio, among them Sadia, Perdigão, Qualy, Paty, Dánica and Bocatti. The Brazilian company has a presence in more than 130 countries across the globe and reported revenues of US$7.82 billion in 2020. The acquisition of additional stake in BRF comes two weeks after Marfrig revealed…

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Barilla launches global food startups accelerator as Uncle Nearest invests in minority-owned spirit brands

ITALY — World’s largest pasta producer Barilla through its venture group BLU1877 has partnered with KitchenTown, a San Francisco-based incubator launch the fourth Good Food Makers global accelerator for food startups. According to a statement from the leading past producer, startups seeking to join the accelerator program will be required to have solutions for four specific challenges affecting food production today. The challenges include promoting a circular economy, improving food delivery, developing digital nutrition guides and creating easy meal routines. The circular economy challenge focuses on solutions to upcycle three…

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