Nestlé plans US$2.08bn investment to boost sustainable packaging & innovation

SWITZERLAND – Nestlé has committed to invest up to CHF 2 billion (US$2.08bn) to lead the shift from virgin plastics to food-grade recycled plastics and accelerate the development of innovative sustainable packaging solutions. The commitment […]

Chr. Hansen and Lonza’s joint venture appoints Lukas Schüpbach as CEO

SWITZERLAND – Bacthera, the Live Biotherapeutic Products (LBP) 50/50 joint venture established by Chr. Hansen and Lonza, has appointed Lukas Schüpbach as the company’s new Chief Executive Officer, effective February 1, 2020. Lukas Schüpbach, 50, […]

Bühler sells Chinese flour ingredient business to Swiss company Bakels

SWITZERLAND – Bühler Group has sold its China-based flour ingredient business, Buhler Bangsheng Food Ingredients (Guangzhou) Co. Ltd. to Bakels Group. Bakels, a Swiss group which manufactures and distributes innovative bakery ingredients and application solutions […]

Nestlé sells its US ice cream business to Froneri for US$4bn

SWITZERLAND – Nestlé has reached an agreement to sell its US ice cream business to Froneri, an ice cream-focused joint venture Nestlé created with PAI Partners, for a transaction value of US$4 billion. In 2016, […]

Swiss commodity trader Ameropa taps Bunge’s executive as new CEO

SWITZERLAND – Ameropa, a Switzerland-headquartered grain trader has appointed William Dujardin as the company’s new Chief Executive officer, effective 8th January 2020. Mr. Dujardin, who has been working with Bunge since 2005 and most recently […]

Swiss alternative protein start-up Planted Foods secures US$7m in seed funding

SWITZERLAND – Planted Foods, an alternative protein start-up has secured US$7 million in seed funding to build production capacity and expand into some European markets. Investors in the funding included Blue Horizon Corporation, Hiltl AG, […]

Syngenta to invest US$2 billion on innovative and sustainable agriculture solutions

SWITZERLAND – Swiss-based global agribusiness company has pledged to invest US$2 billion over the next five years on finding innovations specifically targeted at delivering a step change in agricultural sustainability. Through the investment, Syngenta plans […]

Nestlé reorganises waters business, plans to return US$20.1bn to investors

SWITZERLAND – The world’s leading food and beverage firm, Nestlé has announced changes in its waters business and unveiled plans of returning as much as US$20.1 billion to shareholders by 2022 through a new stock […]

Nestle joins multi-stakeholder initiative to enhance innovation in food and nutrition

SWITZERLAND – Nestle has joined forces with stakeholders in the industry in the creation of a new initiative dubbed “Swiss Food & Nutrition Valley” that seeks to develop and promote a global innovation ecosystem on […]

Nestlé develops completely plant-based “bacon cheeseburger”

SWITZERLAND – Nestlé has developed new vegan alternatives to cheese and bacon, designed to complement its existing plant-based burger patties. This makes it the first food and beverage company to develop and produce all three […]