IFC invests US$25m in KazFoodProducts food processing group

ASIA - The International Finance Corporation (IFC), a member of the World Bank Group is investing US$25 million in KazFoodProducts LLP food processing group of companies operating in grain milling and confectionary sectors. The investment aims at supporting the company’s expansion plans, boost Kazakhstan agricultural sector through diversification strategies as well as enhancing global food…

ADM, DuPont partner to produce and market cellulose enzyme

USA - Archer Daniels Midland Co. (ADM), the global food processing and commodities trading corporation has announced a collaboration with DuPont Industrial Biosciences to develop, produce and market cellulose enzymes for operators of grain-based ethanol plants. According to ADM, cellulose enzymes assist in hydrolysing the corn kernel fiber, which consists mostly of cellulose and hemicellulose…

Ingredion launches new certified, clean label organic starches in North America

USA - The Illinois ingredient provider, Ingredion has launched two new certified, organic starches, an addition to its clean-label range for the US and Canada. The starches, Novation Prima 309 and 609 boast of superior eating experiences suitable for organic products that undergo harsh process conditions and require high freeze/thaw stability, such as organic savory…

Tetra Pak and Yili launch the first drinking yoghurt with large fruit and cereal pieces

CHINA - Tetra Pak, the multinational food manufacturing and packaging company, has announced that it has helped Yili, a leading Chinese dairy manufacturer, to produce the world’s first drinking yoghurt with large fruit and cereal pieces. ​​ According to the company, Yili launched the breakthrough product in Tetra Top 200ml with large re-sealable screw caps,…

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…

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…

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…

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.…

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…