Mondelez’s move for Clif Bar wins praise despite new asset’s recent slowing sales
Clif Bar’s sales have decelerated in recent years but Mondelez’s move for the US snacks firm is being seen as…
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Danone backs US methane-reduction firm Symbrosia
The start-up manufactures seaweed feed additive SeaGraze, which is said to reduce methane emissions from cattle.
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Jobs at risk as Tiger Brands fails to find buyer for fruit business
Tiger Brands acknowledged “the consultation process underway is a consequence of there being no viable disposal option”.
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Australia’s Beston Global Food Co. gives up minority stake in Thai supply deal
Beston has also picked up new contracts in Japan amounting to 20% of its mozzarella production.
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US indoor salad grower Little Leaf Farms raises $300m in funding round
The investment is backed by rock star Bono and film producer and entrepreneur Jeff Skoll.
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Maytag Dairy sold to Midwest Growth Partners’ AgCertain Industries
Maytag was acquired by Midwest Growth Partners in 2019.
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Canada’s Champion Petfoods ‘exploring strategic options’
Nestlé was reportedly in talks for a majority stake in Champion Petfoods in 2018.
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Mondelez to acquire US energy bar firm Clif Bar in $2.9bn deal
The Cadbury owner said the deal will see it become a $1bn global snack bar player.
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