Food industry news of the week - McCain Foods, Good Culture, Parmalat
Privately-owned frozen food group McCain Foods moved to beef up its business in Europe this week, with the acquisition of a majority stake in Dutch frozen snacks supplier Van Geloven. In the US, General Mills announced it had made another investment through its start-up fund, 301 Inc., buying into cottage cheese maker Good Culture. Parmalat made a surprise announcement on Thursday, revealing it would have to elect a new board after three directors resigned. Click on the headlines for more.
McCain Foods has acquired a majority stake in Dutch frozen convenience snacks supplier Van Geloven.
General Mills has invested in US cottage cheese maker Good Culture through 301 Inc., the food giant's fund that backs start-ups.
Parmalat, the Italy-based dairy group, needs to elect a new board after three of the directors nominated by majority shareholder Lactalis quit their positions.
US jerky maker Jack Link's has announced the acquisition of the meat snacks unit of Grass Run Farms.
Tiger Brands, the South Africa-based consumer goods group, has appointed Mondelez International executive Lawrence MacDougall as the company's new CEO.
Plum Organics, the US baby food business owned by Campbell Soup Co., has broadened its business into the infant formula industry.
Lindt & Sprüngli is stepping up investment in its retail network, with the aim of becoming the "world's leading retailer of premium chocolate" by 2020.
Mondelez International has launched a snack brand in the US it says is responding to consumer demand for "more wholesome, savoury snack options".
PepsiCo and Danone, two of the largest dairy groups in Russia, have expressed their disquiet about changes to safety regulations in the country.
Nestle is extending its research and development facility at its infant formula plant in Askeaton in western Ireland.
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