Wanda Fish raises $7M in seed funding for pilot production of cultivated bluefin tuna

Netherlands-based aquaculture investment fund Aqua-Spark led the round, joined by additional investors The Kitchen Hub, Peregrine Ventures, PICO Venture Partners, MOREVC, and CPT Capital Israel-based FoodTech start-up Wanda Fish Technologies, Ltd., announces it has secured $7 million&n...

Subway announces sale to Roark Capital

The transaction combines Subway's global presence and brand strength with Roark's deep expertise in restaurant and franchise businesses Subway announced that it has entered into a definitive agreement to be acquired by affiliates of Roark Capital. The transaction is a major milestone in Subway'...

Abe Yus Malaysia advances with expansion via Pre-Franchise Program

Abe Yus Malaysia has garnered renown for its delectable ‘Kari Puffs’ from grab-and-go food carts, establishing itself as a frontrunner in the Malaysian F&B landscape Abe Yus Malaysia, a distinguished F&B brand under the esteemed Treasure Global Inc umbrella, announces its successful ...

Grants open for wine and cider producers in Australia

The program provides funding of up to $100,000 to wineries and cellar door operators who grow and promote agri-tourism Applications for the fifth round of Australia’s Wine Tourism and Cellar Door Grants program are now open for wine and cider producers. The program provides funding of up to...

Kerry invests €30 M in Indonesian site to create authentic tastes for Southeast Asia

Company’s largest greenfield investment in Southeast Asia and largest capital investment in the region Ireland-headquartered Kerry, a world leading provider of taste and nutrition solutions, has officially opened a new state-of-the-art taste manufacturing facility in Karawang, West Java, Indo...

Vietnam-based Vinamilk eyes international business diversification

To meet the growing demands with innovative solutions Following Gulfood Dubai 2023, the world's largest food exhibition that took place earlier this year, Vietnam-based dairy firm Vinamilk has announced plans to participate in other trade promotion events such as Japan Foodex Fair, and FHA Singa...

Barry Callebaut Group announced that Moody's changed the Group’s long-term rating outlook to ‘positive’ from outlook ‘stable’

The outlook on all senior unsecured long-term ratings assigned to the bonds issued by Barry Callebaut Services N.V. has also been changed to ‘positive’ from ‘stable’.  Paolo Leschiutta, Senior Vice President and lead analyst for Barry Callebaut at Moody’s, said: “The outlook cha...

BENEO buys shares in German start up to get close to the consumer needs for plant based meat solutions

company focused on the development, production, marketing and distribution of meat replacement and meat alternative products, as well as other products linked to BBQ foods.  A start-up for hybrid, vegetarian and vegan products, marks the next step in BENEO´s plant-based protein strategy with t...

Mondelēz International announced the launch of the fourth annual State of Snacking™ report.

Mondelēz International, Inc. empowers consumers to snack right in over 150 countries around the world. This year’s report explores how current economic challenges are affecting consumer snacking choices around the world – with most respondents continuing to prioritize snacking, despite risi...

<strong>Steakholder Foods® Receives Grant of up to $1M for 3D Bio-Print Structured Cultivated Fish Products with Umami Meats</strong>

The company's collaborative initiative with its 3D bio-printer is a significant step forward in the company's commercialization strategy for 2023 Steakholder Foods' partnership with Umami Meats offers a unique opportunity for market entry in the only country in the world where cultivated meat ha...

WFP received EUR 7.2 million in funding from the European Union (EU) it helps crisis-affected people in Burkina Faso

Funding helped WFP to supply over 750,000 people in Burkina Faso with life-saving food assistance as humanitarian needs have continued to rise due to insecurity, the impact of climate change, and rising food prices. “The 2022 lean season in Burkina Faso was the worst of the last decade and it ...

Bunge Invest in New Protein Concentrate Facility in the U.S.

A global leader in agribusiness, food, and ingredients, plans to invest approximately $550 million to build a fully integrated soy protein concentrate (SPC) and textured soy protein concentrate (TSPC) facility. The new facility is expected to meet rising customer demand for key ingredients in th...

Wilmar recognized as World Number 1 in the Global Child Forum’s Food, Beverage, and Personal Care Benchmark

Wilmar scored a perfect 10 for its efforts in safeguarding children’s rights and well-being, which was an increase from its previous score of 9.8. General Manager of Group Sustainability at Wilmar, Perpetua George, said, “We are heartened by the recognition of our continuous efforts in safeg...

Nestlé is investing over 100 million by 2030 in low-carbon logistics for its three international water brands 

Nestlé's international water brands will be able to reduce their total greenhouse gas emissions and contribute to Nestlé's 2050 net zero commitment. This investment will focus on optimizing logistics routes and accelerating train transport, increasing the use of alternative fuels and transport...

FAO welcomed an additional $150 million multi-agency contribution from the World Bank to scale up restoration of rural livelihoods in Yemen

Increased support for the joint Yemen Food Security Response and Resilience Project as acute food insecurity intensifies Since 2021, the $127 million Yemen Food Security Response and Resilience Project (FSRRP) has been jointly implemented by FAO, the United Nations Development Programme (UN...

<strong>Barry Callebaut’s multi-year expansion of its Canadian factory will total USD 100 million</strong>

The investment includes liquid and molding lines as well as enhanced dairy-free production capabilities Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, announced the next phase of the expansion of its Chatham factory in Ontario, Canada. The multi...

Azelis Q3 2022: Sustained positive trends supportive of strong full year 2022

Azelis generated free cash flow of EUR 275.1m, an 81.4% increase over the prior year, despite continued investments in working capital to support strong performance. Revenue of EUR 3.1bn, representing year-on-year growth of 52.5% driven by organic growth of 25.8%, M&A growth contribution of ...

Nutreco invests in biotech firm Roslin Technologies Limited

The supply of cell lines is expected to be a bottleneck in the growth of cultivated protein, Roslin Tech offers a critical solution for building Nutreco’s potential future “cell feed” proposition. Nutreco announced it has taken a minority share in Scotland-based Roslin Technologies Limited...

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