11 September 2023
11 September 2023
The Smucker’s jam and Meow Mix cat-food owner said acquiring Hostess is “a compelling expansion of our family of brands”.
The US grocery retail giants are hoping their plans will help them secure regulatory approval for their controversial merger.
The company has been added to the government's list of ineligible and suspended suppliers.
Centromarca, Federalimentare, IBC and the Italian Food Union have come up with a multi-pronged plan.
Prices have reportedly dropped by almost 10% since the original measure was introduced in April.
Switzerland-based IDAK also owns the food companies Kadi and Margherita.
Cibus Capital has sold the business to fellow investor Fiera Comox.
The added capacity comes at “just the right time” for Heartisan, with the manufacturer running production “at full steam”.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
GlobalData estimates that the global dairy & soy food sector will grow at a CAGR of 17% during 2022–27. The healthy eating trend has encouraged consumers to seek alternatives to traditional dairy products. Plant-based dairy alternatives are often perceived as healthier due to their lower saturated fat content. Moreover, increasing awareness about food allergies and intolerances, coupled with consumers’ interest in alternative diets, will drive manufacturers to launch lactose- and gluten-free products.
Give your business an edge with our leading industry insights.
