Deal is reportedly worth $125 million, and is the second major WhiteWave purchase in the past two months
August 10, 2015
WhiteWave Foods Co. said it's buying Wallaby Yogurt Company Inc. for about $125 million.
Wallaby was founded in 1994 and is based in American Canyon, California. It makes and distributes organic dairy yogurt products.
Growing environmental concerns have prompted bio-fuel demand across the globe
August 4, 2015
Global Palm Oil Market is expected to reach $88 billion by 2022, according to a new study by Grand View Research, Inc. Growing environmental concerns have prompted bio-fuel demand across the globe which is expected to remain a key driving factor for global palm oil market.
New $100 million investment in Topeka, Kansas facility to create 70 Jobs
August 3, 2015
Mars Chocolate North America announced that it will invest an additional $100 million in its Topeka, Kansas site, breaking ground on a new state-of-the-art 90,000-square-foot facility in America’s heartland. As part of this expansion, the company will create a total of 70 new full-time, permanent, high-wage manufacturing jobs.
Cargill has now completed the acquisition of ADM's global chocolate business for an enterprise value of $440m. The acquisition underlines Cargill's commitment to meeting customer needs and constitutes a milestone for its chocolate growth strategy, strengthening its position as a leading player in the cocoa and chocolate industry.
Move strengthens company’s position as a global player in citrus
July 30, 2015
Frutarom Industries Ltd. ("Frutarom"), one of the world's 10 largest companies in the field of flavors and specialty fine ingredients, announced today the acquisition of the business operations and assets of Scandia Citrus LLC. of Florida, USA ("Scandia"), which specializes in the research and development, manufacture, and sales and marketing of specialty solutions in the field of citrus for leading global customers in the flavor, food and beverages markets, for approximately US$ 6 million. Scandia's sales in 2014 totaled approximately US$ 8 million. The transaction was completed upon the signing of the agreement and financed through bank debt.
“Scientifically rich environment with state-of-the-art facilities and a strong carotenoid research group” draws Dr. Frederick Khachik
July 28, 2015
Dr. Frederick Khachik, a renowned carotenoid scientist, joined the Kemin human nutrition and health division. The driving force for Khachiks’ reunion with Kemin is the company’s focus on exploring the health benefits of dietary carotenoids in maintaining and promoting health.
New survey shows store brands offer savings on organic, gluten-free, and special needs products
July 28, 2015
Consumers trying to maintain or improve their health are increasingly seeking specialty food and non-food alternatives. Whether they are organic, gluten-free, dye-free or lactose-free, these products can be costly, but a new survey of special needs store brands items shows significant savings for consumers.
Company plans to change many of its recipes, build stronger connections with consumers and increase focus on faster-growing categories
July 27, 2015
Campbell Soup Company provided an update on the company's key strategic imperatives. Led by President and Chief Executive Officer Denise Morrison, executives outlined important actions the company is taking to reshape Campbell and improve its growth trajectory by strengthening its core business and expanding into faster-growing spaces. This includes Campbell’s plans to change many of its recipes, to build stronger connections with consumers and to increase the company’s focus on faster-growing categories, such as health and well-being and developing markets.