18 January 2024
18 January 2024
The privately-owned food and drinks group, a takeover target in recent months, has reported its results for the year to 31 March 2023.
BRB Foods’ subsidiary in Brazil makes Unilever products under brands such as Knorr and Mãe Terra.
The investment provides Nutrabolt with an ownership stake of approximately 20%.
The Nasdaq-listed company said it wants to concentrate on its core operations.
The first plant in the Nordics for the Belgian dog and cat food manufacturer is “part of the planned growth strategy of United Petfood”.
Aleph Farms will also be the first company to produce and market cultivated meat in both Israel and the Middle East.
The group said Bardsley “has consistently failed to perform to expectation incurring significant losses in each year”.
The Red Sea is a big deal in trade terms – it is said to handle 12% of all global trade.
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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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