General Mills’ venture arm invests in GoodBelly Probiotics in a US$12m funding

USA - General Mills' venture arm, 301 Inc. has invested in NextFoods, the parent company of US probiotics firm GoodBelly in a US$12 million funding. NextFoods is raising the funding led by 301 Inc., with additional capital coming from existing investors, including Emil Capital Partners. The deal is significant for General Mills and its venture…

Vita Coco announces acquisition of Runa organic company

USA - All Market Inc. (AMI), the parent company of coconut water maker Vita Coco, today announced the acquisition of Runa, an organic energy drink brand made with the guayusa leaf. Runa, founded in 2009 by college buddies Tyler Gage and Dan MacCombie, produces eight-SKU line of energy drinks made from organic guayusa, a naturally…

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.…

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…

100 jobs to be lost as Nestle closes facility in Portugal by end of 2018

EUROPE – Nestlé, a Swiss transnational food and drink company, is set to close a production facility which produces the coffee substitute drink Caro by the end of 2018, at the cost of approximately 100 jobs. According to FoodBev, a report in the Stuttgarter Zeitung said the production of Caro will be moved from the…

IMCD to acquire US specialty chemicals distributor E.T. Horn Company

USA - The Netherlands IMCD N.V., a leading distributor of specialty chemicals and food ingredients, has announced that it signed an agreement to acquire 100% of the outstanding shares of E.T. Horn Company (HORN). According to the company, HORN is an excellent fit with IMCD’s US activities and supports the strategy of offering to its…

Clover Industries partners with FUTURELIFE to launch new nutritional dairy drink

SOUTH AFRICA - Clover Industries Limited, the branded foods and beverages group has partnered with the South Africa’s functional food company FUTURELIFE to introduce Smart Drink, a nutritional dairy product to add to its portfolio of functional drinks. SMART DRINK is an enriched drink made of dairy and a combination of specialized starches (non-GMO), to…

Givaudan completes acquisition of 40.5% stake in Naturex

SWITZERLAND - Givaudan has completed the acquisition of 40.5% stake in Naturex, a French manufacturer of natural specialty ingredients for the food industry for US$648m. As announced in March this year, Givaudan has confirmed the intention to launch a mandatory cash tender offer for all remaining outstanding shares of Naturex, at a price of US$168…

Firmenich partners with Nelixia to expand natural ingredients reach in Central America

SWITZERLAND - Firmenich SA, the Swiss fragrance and flavors company has entered into a strategic partnership with Nelixia, the Guatemala based producer and exporter of essential oils to expand their natural ingredients reach in Central America. Firmenich is investing in Nelixia significantly expanding its raw materials portfolio as well as accelerating its potential in natural…

Indian Unilever subsidiary to merge food and refreshments division

INDIA - Hindustan Unilever Ltd (HUL), the Indian subsidiary of Unilever N.V has announced that it will combine its foods and refreshments businesses effective July in order to advance growth in line with global category structure of the parent company Unilever. The combined food and refreshment segment will be headed by Sudhir Sitapati, currently the…