Gotham Greens raised US$29 million in equity funding

USA - Gotham Greens, a leading urban greenhouse developer and grower of locally and sustainably grown produce, has announced the closing of US$29 million in Series C equity funding last month. According to the company, the new round brings the company's total funding until date to US$45 million, not including bank debt. Since its pioneering…

Reddi-wip launches non-dairy almond and coconut varieties of plant-based foods

USA - Reddi-wip, a brand of Conagra Brands, Inc. and the leader in the whipped topping category, has debuted two plant-based, non-dairy varieties: Reddi-wip Non-Dairy Coconut and Reddi-wip Non-Dairy Almond whipped topping. According to the company, the innovation addresses the growing consumer demand for non-dairy options across the larger dairy category. "We've seen tremendous growth…

Kraft Heinz considers sale of children’s milk brand Complan

INDIA - Kraft Heinz Co., an American food company, is making considerations for a sale of children’s milk drink brand Complan in India, which could fetch about US$1 billion, according to Bloomberg. Kraft Heinz is currently working with an adviser to gauge interest in the business, according to sources who asked not to be identified…

Mondelēz International Names Luca Zaramella as Chief Financial Officer

USA - Mondelēz International, an American multinational confectionery company, has announced that Luca Zaramella, 49, Senior Vice President of Corporate Finance and a 20-year veteran of the company, will become EVP, Chief Financial Officer (CFO), effective August 1, 2018. Zaramella will replace Brian Gladden, who will leave the company in August. After 10 years as…

Cargill invests in Mouscron facility to meet customer demand for Belgian chocolate

BELGIUM – Cargill, an American privately held global corporation, has invested in a new liquid Belgium chocolate production line in its Mouscron production facility in Belgium. According to the company, the investment increases the company’s capacity to produce milk and dark chocolate and creates up to 10 new local jobs. Cargill’s cocoa and chocolate business…

HOCHDORF to divest Lithuania milk plant Baltic Milk UAB

SWITZERLAND - The HOCHDORF Group, the producer of natural ingredients such as milk, wheat germ and oil seeds, is parting company with HOCHDORF Baltic Milk UAB. The HOCHDORF Baltic Milk UAB milk plant, which is being taken over by an investment group, was the HOCHDORF Group's first milk plant in the European Union. The sale will take place retroactively to the end of May.…

Arla Foods appoints Ash Amirahmadi as managing director for UK

UK - Arla Foods has appointed its current SVP - Sales for Arla Foods, Ash Amirahmadi as new management director for UK effective 1 July 2018. He succeeds Tomas Pietrangeli, who is leaving the company to become CEO of Danish retail group Dagrofa A/S as from 30 June 2018. Ash Amirahmadi joined Arla Foods in…

DSM targets acquisitions in Nutrition and reduce greenhouse emissions

NETHERLANDS - DSM, the Dutch speciality chemicals company said in a strategy update that it targets value-creating acquisitions predominantly in Nutrition as well as step-up its ambitious goals regarding the reduction of GHG emissions, energy efficiency and use of renewable energy. The company said given its science-based competencies, it works on delivering on global megatrends…

Botswana turns to South Africa and Zambia for maize imports

BOTSWANA - Botswana continues to import 170,000 metric tonnes of maize annually as it has always run out of corn due to insufficient local production, according to an article by AllAfrica. Speaking in an interview, Botswana Agricultural Marketing Board (BAMB) chief executive officer, Mr Leonard Morakaladi noted that on annual basis the country needed 190…

BigBasket in talks to acquire majority stake in Kwik24 start-up company

INDIA - The Indian online grocery and food products provider, BigBasket is eying a majority stake in smart vending machines start-up Kwik24 in an effort to expand its offline grocery business. ET Retail reported that according to people familiar with the matter, BigBasket had earlier launched a pilot program with Kwik24 to deploy smart vending…