Diana Food, part of Symrise Nutrition, was nominated as a finalist for the Edie Sustainability Leaders Awards 2021 in the category of “Waste and Resource Management Project of the Year.” Specifically, Diana Food is being recognized for its overall waste reduction strategy and recent initiatives that focus on the valorization (enhancement) of the company’s side streams.
Investment to increase production capacity demonstrates company's commitment to regional customers and to meeting their growing needs
January 22, 2021
Corbion also operates lactic acid production facilities in the Netherlands, Brazil, Spain and Thailand, and early last year announced plans to build a new lactic acid plant at its existing site in Rayong Province, Thailand, to help meet global demand.
Above Food's fast-growing, seed-to-fork plant-based platform serves over 35 countries and over 300 business customers
January 22, 2021
Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, announced that it has completed an investment in Above Food Inc.
N!CK's, a Swedish-style light ice cream, announced the addition of Carlos Altschul as new CEO, guiding the company's record growth in the US as it expands in retail and e-commerce, direct to consumer presence in 2021 with a focus on innovation, retail distribution and operational excellence.
Dr. Praeger's specializes in nutritious plant-based frozen and refrigerated foods made from simple ingredients
January 21, 2021
Vestar Capital Partners, a US middle-market private equity firm, announced that it has made a majority growth investment into Dr. Praeger's Sensible Foods, a fast-growing brand specializing in nutritious plant-based frozen and refrigerated foods made from simple ingredients. Terms of the transaction were not disclosed.
Move creates expansive Hispanic frozen novelty company
January 21, 2021
Wind Point Partners and portfolio company Tropicale Foods, a manufacturer of authentic Hispanic-inspired frozen novelty products under the Helados Mexico brand, announced the acquisition of Paleteria La Michoacana (“PLM”), a portfolio company of Canum Capital Partners and Greyrock Capital Group.
New facility will be constructed with focus on accelerated innovation
January 21, 2021
Beyond Meat, Inc. announced its plans to enter a 12-year lease in a new, nearly 300,000 square foot space at 888 N. Douglas St.in El Segundo, Calif. The building is currently under development by Hackman Capital Partners with anticipated completion in spring 2021.
Financing will enable completion of world’s first commercial pilot facility for producing cell-based seafood, and support plans for market launch in late 2021
January 20, 2021
BlueNalu, an innovative food company producing a variety of seafood products directly from fish cells, today announced the closing of $60 million in debt financing from new and existing investors. This marks the largest financing to date in the cell-based seafood industry worldwide. Previously, BlueNalu announced completion of its Series A round of $20 million in early 2020, and its Series Seed round of $4.5 million in early 2018.
Acquisition is on-trend to support rising consumer demand for Mexican flavors
January 19, 2021
Olam Food Ingredients, the new operating group created after the reorganization within Olam International Limited earlier this year, is expanding its Spices portfolio to meet the rising demand for bold, authentic flavors with the acquisition of one of the world’s leading suppliers of premium green chiles, jalapeños and enchilada sauces.