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March 11, 2016

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.

By Dean Best

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 takes majority stake in Dutch frozen snacks maker Van Geloven

McCain Foods has acquired a majority stake in Dutch frozen convenience snacks supplier Van Geloven.

General Mills invests in US cottage cheese maker Good Culture

General Mills has invested in US cottage cheese maker Good Culture through 301 Inc., the food giant’s fund that backs start-ups.

Parmalat to dissolve board amid director discord

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.

Jack Link’s acquires Grass Run Farms meat snacks arm

US jerky maker Jack Link’s has announced the acquisition of the meat snacks unit of Grass Run Farms.

Tiger Brands names Mondelez’s Lawrence MacDougall CEO

Tiger Brands, the South Africa-based consumer goods group, has appointed Mondelez International executive Lawrence MacDougall as the company’s new CEO.

Plum Organics enters US infant formula sector

Plum Organics, the US baby food business owned by Campbell Soup Co., has broadened its business into the infant formula industry.

Lindt aims to be “world’s leading” chocolate retailer

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 launches “wholesome, savoury” Good Thins

Mondelez International has launched a snack brand in the US it says is responding to consumer demand for “more wholesome, savoury snack options”.

PepsiCo, Danone express concern over new Russia dairy rule

PepsiCo and Danone, two of the largest dairy groups in Russia, have expressed their disquiet about changes to safety regulations in the country.

Nestle extending infant formula research site in Ireland

Nestle is extending its research and development facility at its infant formula plant in Askeaton in western Ireland.

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