Nature's Fynd, a food tech company producing a protein from a microbe originally discovered in the geothermal springs of Yellowstone's ancient volcano, has raised $80 million in new funding.

Pam deVries, General Manager, PROVA Inc., announced that the company has hired Julia Decruz to be the company’s new director R&D/applications, effective immediately. 

Global food and beverage manufacturers can now create and collaborate on exploring sugar reduction solutions with SweeGen in its newly launched Food and Beverage Application Centers located in four global regions --- North America, Europe, Asia-Pacific and Latin America.

In a letter to its community, the International Dairy Deli Bakery Association (IDDBA) announced the cancellation of its annual trade show. The show was scheduled to take place May 31 to June 2 in Indianapolis. 

The organizers of Hi & Fi Asia-China indicate that the 2020 expo will go ahead as planned from June 22-24 at the National Exhibition & Convention Center, Shanghai.

US soybean farmers principally are price takers in the existing soybean supply chain, without transparent access to market signals originating from end users. Similarly, the complexity of the value chain makes it difficult for end users to buy raw materials that meet their needs.

The Institute of Food Technologists (IFT) announced that it will transition the IFT20 Annual Event and Food Expo, slated for July 12-15 at McCormick Place in Chicago, to a virtual event experience. The move comes in an effort to prioritize the health and safety of participants and the broader community throughout current and anticipated developments of the COVID-19 pandemic.

Hormel Foods, a global branded food company, announced a special cash bonus to its plant production team members who continue to work to produce food during the COVID-19 outbreak. PepsiCo, Inc. announced it will provide enhanced benefits to all US-based employees and additional compensation to US frontline employees amidst the novel coronavirus (COVID-19) pandemic.

The Sweets & Snacks Expo, originally scheduled for May 18-21, 2020, in Chicago, has been canceled.

Global bakery manufacturer and ingredients supplier Dawn Foods announced it has entered into an agreement to sell its North American frozen manufacturing business to Rise Baking Company.