14 December 2023
14 December 2023
Earlier reports had speculated a deal for Shearer’s could be worth $3bn.
A partnership between the businesses involves multiple projects linked to sustainability goals.
The French law has been critiqued as a "violation of EU rules on choice of law and free movement".
The acquisition marks the third deal for Thrive Foods since the original merger of Thrive Foods and Mercer Foods in December 2021.
Waning investor appetite and geopolitical instability could hamper efforts to commercialise the products on a wider scale.
This latest investment will also involve moving Rana’s ready meals production away from Nivelles in Belgium to its Moretta factory in Piedmont.
Just Food talked to Mike Moore CEO about the company's goals, which include expanding in foodservice in the UK, launching a new plant-based mozzarella and securing contracts in European countries.
Around 684,000 laying hens have tested positive for the “highly pathogenic” bird flu strain HPAI.
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The global vegan cheese market is expected to grow at a CAGR of 16.7% by 2030, primarily driven by the rise in the vegan and vegetarian population. However, its production often involves complex processes and expensive ingredients like nuts or plant-based proteins, leading to higher production costs, which are then passed on to consumers, making vegan cheese more expensive per unit compared to dairy cheese.
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