US food majors and their investment vehicles
In a bid to adapt to the evolving landscape in the US food industry, some of the largest names in the sector have set up funds to invest in smaller, on-trend companies.
Tyson Foods has become the latest US food company to set up an investment fund with the establishment of a venture capital unit that will focus on start-up companies developing "breakthrough" sustainable technologies, business models and products.
French dairy giant Danone has confirmed it is in "exclusive negotiations" to acquire a minority interest in premium biscuit-to-dessert maker Michel et Augustin via its newly-formed investment vehicle.
Kellogg is establishing an investment vehicle, Eighteen94 Capital, that will make "minority investments" in companies pioneering "next-generation innovation" in the food sector.
Hain Celestial said today (4 May) it plans to sell off brands that "no longer fit into its core strategy", while announcing the launch of Cultivate Ventures, a unit for fresh investments.
In an audio excerpt of an interview with just-food, John Haugen, the vice president and general manager for General Mills' investment arm 301 Inc., talks to just-food about why some major names in the industry are looking to back start-ups.
Campbell Soup Co. has detailed plans to launch an investment vehicle that will support the development of high-growth start-up food companies.
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