Agrana invests US$3.75m at R&D sites in in France and Austria

AUSTRIA – Agrana, a Vienna-headquartered food company is investing around €3.4 million (US$3.75m) at two research and development sites in France and Austria this year. The investment includes €2.6 million (US$2.87m) in France to open […]

IFC invests US$55.9M in Habesha Breweries, boosting Ethiopia’s barley industry

ETHIOPIA — The International Finance Corporation (IFC) has extend US$55.9 million financing to Habesha Breweries S.C., a beverage manufacturer in Ethiopia to help the company expand its operations and increase local barley sourcing from smallholder […]

PepsiCo acquires majority stake in Ethiopian Crisps processing company Senselet

ETHIOPIA – PepsiCo, one of the world’s leading food and beverage companies has acquired majority stake in Senselet Food Processing Plc in Ethiopia from Veris Investments, a growing and influential investment company, who will maintain […]

Moët Hennessy acquires majority stake in Château d’Esclans Côtes-de-Provence

FRANCE – Moët Hennessy, the wine and spirits division of French conglomerate LVMH, has acquired a 55% majority stake in Château d’Esclans, the leading Provence Rosé in the American market. Moët will acquire 50% ownership […]

Novozymes unveils new enzymatic toolbox for development of oat drinks

DENMARK – Novozymes has developed a new toolbox to help guide producers on expanding their businesses into the oat drinks market while enabling them to tap into the growing oat drinks markets. With the new […]

Purple Carrot launches The Garden Incubator to accelerate plant-based brands

USA – Boston-based plant-based meal kit company, Purple Carrot, has launched a new service, The Garden Incubator, that will be made available to select early-stage plant-based companies looking to scale. Purple Carrot intends to use […]

Berlin Packaging Chairman and CEO Andrew Berlin steps down

USA – Berlin Packaging has announced that Andrew Berlin has stepped down from his roles as Chairman, Director, and Chief Executive Officer of the company. The company has hence appointed Michael Grebe as Executive Chairman […]

Ishida Europe launches advanced multihead weighers with improved functionalities

EUROPE – Food packing equipment supplier, Ishida Europe has launched an enhanced version of its mid-range multihead weighers that offers enhanced performance in the fast and accurate weighing of a wide variety of dry, frozen […]

Givaudan acquires US flavour and specialty ingredient company Ungerer

USA – Swiss flavor and fragrance company, Givaudan has reached an agreement to acquire Ungerer & Company, the US-based flavour, fragrance and specialty ingredient company. Headquartered in New Jersey, USA, Ungerer is a leading independent […]

Ajinomoto forms JV with Accenture to accelerate operational transformation

JAPAN – Tokyo-based seasonings major, Ajinomoto has reached an agreement to form a joint venture with Accenture in Japan, to help the food and biotech company accelerate its operational transformation. The new company, Ajinomoto Digital […]