Alternative protein companies Oatly, Benson Hill initiate plans to go public

US – Oatly and Benson Hill, two prominent alternative protein companies, have kickstarted the processes of going public in a bid to raise more equity to fund future growth prospects. Vegan milk firm Oatly said in a statement that it has commenced an initial public offering of 84,376,000 American Depositary Shares (ADSs), each representing one ordinary share offered by Oatly and certain selling shareholders. According to a report by Food Ingredients First, the company which is backed by high-profile investors including Oprah Winfrey, Jay Z, and Starbucks head Howard Schultz…

Read More

7 food companies featured in Times 100 most influential companies

US – 7 food companies have been featured in TIME100 Most Influential Companies, a new list—and an expansion of Time Magazine’s iconic TIME100 franchise—that highlights businesses making an extraordinary impact around the world. In developing the list, TIME says it solicited nominations across sectors including health care, entertainment, transportation, technology and more from its global network of editors and correspondents, as well as from industry experts. The magazine then evaluated each one on key factors, including relevance, impact, innovation, leadership, ambition and success. Oatly, Beyon Meat, Tilray- food pioneers Oatly,…

Read More

Oatly to build plant-based oat drinks factory in UK as Arla Foods proposes closure of creamery site

UK – Swedish vegan brand Oatly has unveiled plans for a new plant-based dairy manufacturing plant in Peterborough at a time when Arla Foods is contemplating closure of its Trevarrian Creamery in Cornwall. For Oatly, the facility which is expected to be completed in early 2023 and create over 200 jobs would be its first in the United Kingdom. The company has partnered with food and drink capital investment firm Integrated Food Projects to build its new facility. The facility,accordin to the Swedish company, will be able to produce 300…

Read More