Tag: USA

T. Hasegawa USA plans new facility to drive growth in US flavour market

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USA – Japanese flavour and fragrance company T. Hasegawa USA has unveiled plans to open a new production facility in Rancho Cucamonga, California to take advantage of the growing demand for flavours.  The new 60,000-square-foot plant will double T. Hasegawa’s production capabilities in the US market and will primarily produce sweet food and beverage flavours.  It will also contain equipment for liquid blending, spray dry technology for powdered flavours and flavour extraction equipment.   Hasegawa plans to continue to operate from its US headquarters in Cerritos, California, but will shift current…

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BlueTriton Brands bolsters presence in North America with acquisition of Saratoga Spring Water

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USA – BlueTriton Brands, formerly known as Nestlé Waters North America, is strengthening its presence in North America with the acquisition of “certain assets” of Saratoga Spring Water Company.  Based in New York, Saratoga Spring Water is a producer of premium spring water and delivers its products to customers in the hospitality and retail channel across the US.  The company, which has a history dating back to the 19th century, was owned and operated by Adam Madkour, a long-time executive of the company.   Madkour took over the company in 2001, having worked as an executive there since the…

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General Mills to sell European dough businesses in pursuit of sustainable, profitable growth

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EUROPE – American multinational consumer goods giant, General Mills has announced plans to sell its European dough businesses to Cérélia as it seeks to focus more on high-growth business segments.  The proposed sale would include General Mills’ branded and private label dough business in Germany, the UK, and Ireland – with its Knack & Back and Jus-Rol brands included in the transaction.   Each of the transactions is expected to close by the end of fiscal 2022, subject to regulatory approvals and customary closing conditions.   In Germany for instance, General Mill’s…

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Préval AG expands presence in US fresh meat market with acquisition of J&G Foods

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USA  –  Préval AG, a leading Canadian agri-food company, is bolstering its US presence with the acquisition of J&G Foods, a fresh meat provider which specialises in organic and natural meats.   J&G Foods markets meats including portioned organic and grass-fed beef, organic and natural chicken, natural pork and beef, and a variety of “marinated and value-added meats.”  “We are excited to add what is now J&G 2021 to our diversified family of companies. J&G has a well-deserved reputation for quality meat products and great customer service,” said Fabien Fontaine, Préval AG President and Founder.  Following the…

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New Culture to launch animal-free cheese in 2022 following successful series A funding round

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USA – California-based animal-free dairy company New Culture Foods is set to launch its animal-free cheese in 2022 following a successful series A funding round.   New Culture raised US$25 million in the series A investment round that was led by Ahren Innovation Capital and CPT Capital, and also includes ADM Ventures, Be8 Ventures, and S2G Ventures.  Other participants in the round include Future Ventures, Kraft Heinz venture arm Evolv Ventures, SOSV’s IndieBio, Bee Partners, Mayfield, Alumni Ventures Group and Bluestein Ventures.  The company said fund from the round will help it make key…

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Monster Beverage mulls teaming up with Constellation Brands to unlock new revenue opportunities

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USA – Energy drinks maker Monster Beverage Corp is reported to be exploring a potential deal with international beverage alcohol company Constellation Brands Inc, according to a report by Bloomberg.   The structure of a potential deal involving the companies, which have a combined market value of nearly US$92 billion, was not immediately known and it remains unclear if discussions will lead to a full merger or asset deal.   If the two companies decide to merge, it would create a beverage juggernaut with a combined market value of close to US$100…

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Impossible Food’s expansion drive bolstered by US$500m investment round led by Mirae

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USA – Impossible Foods, one of the leading startups in the alternative protein sector, has raised approximately US$500m  in its most recent funding round that was led by existing investor Mirae Asset Global with participation from other Impossible Foods investors.  The recent funding round brings the company’s total funding since it was founded in 2011 to nearly $2 billion makes the Beyond Meat Inc rival the most well-funded and richly valued plant-based burger startup in the United States.  Impossible Foods said that the money from the round will fund its…

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Mondelēz bolsters US supply chain operations with US$122.5m in Richmond facility

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USA – American multinational confectionery and snack food company Mondelēz International is bolstering its US supply chain capability with a US$$122.5 million in its facility in Richmond, Virginia.  The snack giant’s planned investment includes a 68,000-square-foot expansion of its Richmond Biscuit Bakery to support expanded manufacturing operations.  The new site will also house a high-speed production line for the company’s brand of creme-filled sandwich cookie, Oreo.  Mondelēz will also be establishing a new sales fulfillment center to support sales and distribution in the US.  The expanded facility is scheduled to open…

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J.M. Smucker invests US$1.1B in new facility to support growth of Uncrustables brand

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USA — American consumer goods company The J.M. Smucker Co. is investing US$1.1 billion in a new manufacturing facility in McCalla, Alabama.  A statement from the company indicates that the new plant will be dedicated to the manufacturing of the company’s Uncrustables brand.  Construction is scheduled to begin in early 2022, and the plant is expected to be operational by 2025.   The facility is the third manufacturing location dedicated to the Smucker’s Uncrustables brand along withthe firm’s current facilities in Scottsville, Kentucky and Longmont, Colorado The McCalla plant combined with a completed…

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Kemin invests US$40m in new facility to produce natural ingredients for meat and seafood

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USA – Kemin Industries, a leading global ingredient manufacturer, is breaking ground on a new manufacturing site to produce clean label enhancement ingredients for meat and seafood applications.  The US$40 million facility is located in Verona, Missouri, US, and will be a production plant for Kemin Food Technologies – Americas once it opens in March 2023.  It will manufacture Kemin’s Proteus portfolio of patented, clean-label protein ingredients for meat, poultry, and protein-based applications.  The solutions are marketed as clean label enhancers helping formulators create a juicier product with a natural…

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