11 July 2024
11 July 2024
Maple Leaf will hold a 19.9% interest in the new pork company, which will continue to supply it as an “anchor customer”.
Leading food technology specialist GEA has played a crucial role in the development and commercial production of alternative protein products, aiding startups and established companies introducing new foods to the market.
The Illinois site was due to shut in June after pausing production at the site last December amid possible salmonella contamination.
President of the Private Label Association, Peggy Davies, said the results showed "the ‘store brands phenomenon’ that’s sweeping the retail industry".
The investor has helped the alt-seafood business acquire IP from New Wave Foods, which ceased production in 2023.
London-based Limerston Capital first invested in Village Bakery in 2021 and has overseen a “period of investment and rapid growth”, it said.
The deal includes The Dairy Food Group’s businesses such as daily milk collection group BMC, dessert specialists Eurodesserts and fromage-frais-to-milk drinks supplier Limelco.
From 2030, Danish farmers will be charged DKr300 ($43) per ton of carbon dioxide (CO2) produced per year.
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