As Seventh Generation’s first eCommerce channel director, McGinn pioneered the company’s innovative eComm strategy and created a thriving multimillion-dollar partnership with Amazon and other key online retailers.

Headquartered in Elgin, Ill., Profile Food Ingredients has annual net sales of approximately $25 million. Terms of the transaction were not disclosed.

The MiApp tool builds on the business’s digital offerings to customers which include the launch of myCargill.com, a 24-7 customer portal for a pilot group of edible oil customers in the United States, now expanded to pilot customers in Malaysia.

“Our strong momentum over the course of 2019 positions the company well as we plan for 2020,” said Michele Buck, chairman, president and CEO of The Hershey Company. “Today’s announced leadership changes further support our growth trajectory and reflect the confidence I have in our talent development process.

“These talented and experienced team members are a great addition to our team and allow us to deliver on our commitment of providing value-adding formulation solutions to our customer partners,” said Octavio Diaz de Leon, president of AAK USA and AAK North Latin America.

Under the terms of the agreement, which has been unanimously approved by both Boards of Directors, DuPont shareholders will own 55.4% of the shares of the new company and existing IFF shareholders will own 44.6%. Upon completion of the transaction, DuPont will receive a one-time $7.3 billion special cash payment, subject to certain adjustments.  

This third round of funding will help accelerate Perfect Day’s business growth to further its commitment to bringing consumers the dairy products they know and love, completely animal-free.

The two companies will use Renmatix's Plantrose Process, which is a proprietary, water-based technology, and Cargill's preferred feedstocks to make highly functional food ingredients.

The wide range of yeast ingredients are essential in constructing taste for multiple applications in the food industry including soups, sauces, meats and meat analogs, snack seasonings and sweet recipes, according to the company.

In 2016, Nestlé and PAI Partners merged Nestlé’s European ice cream business in 20 countries and PAI-owned R&R to create Froneri, one of the world’s largest ice cream companies.