T. Hasegawa USA Inc. acquired Abelei Flavors, Inc. The purchase fits into T. Hasegawa USA, Inc.’s strategy to broaden its flavor portfolio within North America.
The 39th annual report, “Eating Patterns in America,” highlights a growing trend toward at-home dining over the past year, with 86% of eating occasions sourced from home. While retail volumes show modest growth, foodservice traffic remains under pressure. However, significant opportunities remain in both sectors, with American consumers spending nearly $1.7 trillion annually on food and beverages.
With a career spanning 23 years at PepsiCo, Del Pozzo brings a wealth of experience in leading growth and transformation for some of the world's most recognizable consumer brands such as Gatorade®, Propel®, Muscle Milk® and Evolve®.
“I am thrilled to officially welcome Chris Daubert as IFT’s 85th President as he joins a very prestigious list of renowned global food leaders,” said IFT CEO Christie Tarantino-Dean. “Throughout his career, Chris has done an exceptional job shaping the future of food as both a food science leader across multiple prominent universities and as a longtime member of IFT."
The agreement with Kalsec anticipates milestone payments for finalizing research and development work and a royalty stream for Willow upon commercialization
Through this commercial license and royalty agreement, Willow expects to receive milestone payments for the first pilot and industrial batches followed by tiered royalty payments on net worldwide sales after launch.
Carving a new niche for its distinct flavor combinations, the new packaging – which is fully recyclable, appealing to sustainability-minded consumers – positions the brand's unexpected pairings as "Fusion Hummus," and features the brand's signature vibrant colors.
The NEI production sites located in Southern Illinois (Herrin and Sesser) complement the existing Prayon production plant of phosphate salts based in Augusta (Georgia) and expand the Group’s offering of solutions for food and technical applications.
David co-founders Peter Rahal, founder of protein snacks brand RXBAR, and Zach Ranen, former investor and founder of RAIZE, bring extensive experience to their latest venture.