22 September 2023
22 September 2023
The former Merrick Pet Care executive now heads the new business created from the merger of Natural Balance and Canidae.
Fruit grower Driscoll’s and Canada’s British Columbia Investment Management Corp. make up the rest of the investment group.
Bulgaria to hold meetings with the European Commission and Ukraine on other commodities such as wheat.
The cultured protein innovation centre is aimed at making production “more efficient” and “economically competitive”.
The Connecticut-based business has given up a minority stake as part of an investment round.
The combination will reportedly create a €120m ($127.7m) revenue fresh produce business.
The South African poultry business was already feeling the impact of power and water shortages and increased feed costs.
Production will move from the City of Industry site to a plant in Amarillo, Texas.
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Per GlobalData estimates, the Eastern European food industry was valued at $180.5 billion in 2022 and is projected to grow at a CAGR of >4% by 2027. The top five companies together account for a value share of just 5.3% in 2022, with Mondelēz leading the pack. The Czech Republic, Poland, Romania, and Hungary were identified as high-potential countries, primarily due to the large size of their food industries, their high projected value growth rates, and their rising per capita expenditure.
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