Food Processing & Equipment
The Hatchery, one of the largest food & beverage incubators in the U.S., has recently announced that it is open for business at East Garfield Park in Chicago. Reportedly, the new Chicago-based USD 34 million food incubation space helps local entrepreneurs to establish and nurture …
Food & Beverages
The agreements will allow Celsius expand its footprint and service new stores and customers Globally renowned fitness drink maker, Celsius Holdings, Inc., has recently secured distribution agreements with the U.S. giant Anheuser-Busch and PepsiCo’s delivery partners. As per reliable sources, John Fieldly, President and CEO, …
Food & Beverages
Reports confirm that owner of Fatburger, FAT (Fresh. Authentic. Tasty.) Brands Inc. has acquired the Los Angeles-based chain of authentic Mediterranean cuisine restaurants, Yalla Mediterranean. With this acquisition, FAT Brands franchises over 300 restaurants globally, besides having more than 300 additional restaurants under development in …
Food & Beverages
One of the largest frozen food companies Bellisio Foods Inc., has reportedly joined forces with private equity firm Swander Pace Capital in order to acquire FSI (Frozen Specialties Inc.), a top producer of frozen pizza and Pizza Bites, centered at Perrysburg in Ohio. According to …
Food & Beverages
Chinese dairy firm Yili has reportedly acquired Thailand’s famous frozen food and ice cream maker Chomthana in an effort to expand its business in the Southeast Asia. As per reliable sources, the deal is a part of Yili’s global expansion efforts. Incidentally, in 2018, the …
Food Processing & Equipment
The Indian government is reportedly planning to set up a non-banking financial company with a preliminary investment worth INR 2,000 crore to finance food processing industries. This is an effort to boost the food processing sector and increase farmers income, said Harsimrat Kaur Badal, Union …
Food & Beverages
Carbery, the well-known producer of flavors and ingredients, has confirmed the launch of Bifipro, a new range of fermented dairy ingredients for delivering a combination of high-quality protein and prebiotic promoting properties. The product line, produced using a natural fermentation process, was introduced by the …
Food & Beverages
India-based White Organic Agro has reportedly announced that it is foraying into the vast scalable business of organic Basmati rice. As per trusted sources, the announcement comes following the company’s successful completion of orders and ongoing cultivation of organically grown, residue free green vegetable pigeon …
Food & Beverages
GlaxoSmithKline Plc (GSK), the British consumer healthcare giant, has reportedly entered into exclusive negotiations with Unilever to sell its Indian Horlicks Nutrition business worth over USD 4 billion. According to sources familiar with the development, the grand deal results into GSK ending an auction for …