15 January 2024
15 January 2024
The Froneri venture was set up in 2016 through a business combination.
The Alpro producer said the decision was made to boost “the competitiveness of brands” and improve “industrial efficiency”.
Boston-headquartered Baupost had held around 116 million shares in Bakkavor representing a 20.1% stake.
The Mexican group said it will continue investing in the gluten-free category.
Both groups said they plan to “strongly contest” the competition regulator’s decision.
The ice-cream company expects to open new distribution centres in 2024.
According to union officials, the factory in El Verger, a town close to Alicante, employs 90 people.
Sangfai will become president and CEO of the Canadian pork processor from 1 March.
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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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