CANADA – Ireland based taste and nutrition company, Kerry has signed a license agreement with Renaissance BioScience Corp to supply Renaissance’s yeast technology. The partnership expands Kerry’s clean label offering, will see the food company commercialize Renaissance’s Acryleast, a non-GMO acrylamide-reducing yeast enzyme, to food and beverage manufacturers starting 2019. Acryleast is a natural, non-GMO…
CANADA - Canadian meat packing food processing company, Olymel S.E.C has announced that it has completed the acquisition of Ontario based poultry firm, Pinty's Delicious Foods Inc. The transaction whose value has not been disclosed involves the acquisition of all the shares of Pinty's has been approved by the Competition Bureau of Canada, according to…
CANADA – Global chemical and ingredient distributor, Univar and India based Tata Chemicals have announced a new distribution agreement for fermented, digestive health ingredients in Canada. Univar will be the exclusive distributor of Tata’s Fossence and Gossence prebiotic dietary fiber portfolio of ingredients for the Canadian market. These fibers are used in a wide range…
CANADA - Maple Leaf Foods, a major Canadian consumer packaged meats company has announced plans to construct a US$497.7 million (CAD 660 million) value-added fresh poultry processing facility in London, Ontario, Canada. The new 640,000 square feet site will help the company meet growing demand and strengthen competitiveness of Canadian poultry sector. According to the…
CANADA – Kraft Heinz has announced that it has agreed to sell its Canadian natural cheese business to Parmalat for US$1.23 billion with the transaction expected to close in the first half of 2019, subject to regulatory review and approval. The agreement includes the sale of natural cheese brands Cracker Barrel, P’tit Quebec and aMOOza! in the Canadian market. As…
CANADA – Saputo, Montreal-based Canadian dairy company is set to build a new dairy processing facility worth US$240 million in Port-Coquitlam, Canada. With the new state-of-the-art facility, the company aims to strengthen its footprint and better serve the Western Canadian market. This was revealed by the company in its 2018 fiscal year results which indicated…
USA – Canada’s Agropur Dairy Cooperative is launching a dairy accelerator programme which it said is the first accelerator that seeks to boost dairy business in North America. It is part of the company’s Inno Agropur programme launched in 2016 with an aim to support innovation of dairy products and development of the dairy sector…
CANADA – Saputo Inc., Montreal-based Canadian dairy company has agreed to acquire the activities of F&A Dairy Products, Inc. at a purchase price of US$85 million (CDN$111 million). The transaction funded through cash-free and debt-free basis, will be paid in cash from cash on hand and available credit facilities. It includes its two manufacturing facilities…
CANADA – Molson Coors Canada, the Canadian business unit of Molson Coors Brewing Company, and HEXO Corp. have announced that they have closed the deal to form a joint venture to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization. HEXO is an adult-use cannabis brand built by innovators and explorers,…
CANADA – Canada has officially marked the the beginning of a ban on its partially hydrogenated oils (PHOs), the largest source of industrially produced trans fat in foods. FoodingredientsFirst reports that trans fats raise “bad” cholesterol levels (low-density lipoprotein) in the blood, which is a risk factor for heart disease; they also reduce the blood…
