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Foodservice strategy

Beyond Meat hails fast-food deals but shares fall on Q4 results

26 February 2021 | Dean Best

Beyond Meat has struck contracts with two major QSR chains but shares in the US-based meat-free supplier still fell amid Q4 results Wall Street said were weaker than expected. ... read more

McCain Foods again backs vertical-farmer Goodleaf Farms

25 February 2021 | Dean Best

The frozen-food giant has again invested in a Canadian vertical-farming business, becoming the firm's largest shareholder in the process. ... read more

Plant-chicken start-up Next Gen eyes Asia, US after seed round closes

25 February 2021 | Dean Best

The Singapore-based firm has sealed what it says data shows is the largest round of seed funding "for a plant-based food tech company". ... read more

Italian salmon firm Starlaks Italia sells up to PE firm Arcadia

24 February 2021 | Dean Best

The company, which supplies Italy's major retailers, has sold up to a private-equity firm in its domestic market.  ... read more

McCain Foods to retain stake in Wong Wing

24 February 2021 | Dean Best

McCain Foods is to keep a stake in the Canada-based frozen-food business Wong Wing, which markets a range of Chinese-style products. ... read more

Canada's Canyon Creek to expand US soups facility

24 February 2021 | Simon Harvey

Canyon Creek Food Co., a Canada-based producer of soups and fresh sauces, is investing to expand production at its sole manufacturing site. ... read more

Big Food's stake in the future – in-house venture-capital funds

24 February 2021 | Andy Coyne

Our guide to some of the in-house venture-capital funds operated by the world's major packaged-food companies. ... read more

Grupo Bimbo acquires India's Modern Foods from private-equity owners

24 February 2021 | Simon Harvey

Mexican bakery major Grupo Bimbo has struck a deal in India, ending earlier speculation over a potential transaction. ... read more

S-Ventures takes controlling interest in Ohso Chocolate

23 February 2021 | Simon Harvey

S-Ventures, an early-stage UK investment firm, has taken an controlling interest in a chocolate maker in south-east England. ... read more

Nestle adds to D2C roster with SimplyCook deal in UK

23 February 2021 | Andy Coyne

Global food giant Nestlé has continued with its push to build its position in e-commerce with the acquisition of a UK recipe kit company. ... read more

Freshways, Medina Dairy discuss potential merger

23 February 2021 | Simon Harvey

Freshways and Medina are considering a merger between the two UK dairy companies amid challenging market conditions in fresh milk. ... read more

Canada's Crofter's Organic sells stake to PE firm Frontenac

23 February 2021 | Simon Harvey

Fruit spreads, jams and preserves producer Crofter's Organic in Canada has sold a controlling stake to a private-equity investor. ... read more

Hershey eyes healthier confectionery with equity investment

23 February 2021 | Simon Harvey

Snacks and confectionery maker Hershey has joined the ASR Group in Florida to co-lead an investment in an alternative to sugar business. ... read more

Indonesian plant-based business Green Butcher receives seed funding

23 February 2021 | Simon Harvey

Unovis Asset Management, a New York-based investor focused on plant-based and cellular 'meats', has taken part in a seed funding round in Indonesia. ... read more

China becomes Nestle's problem child as Schneider eyes growth target

22 February 2021 | Simon Harvey

Nestle had some cheer for shareholders with a long-term growth target in sight but declining sales in China now need fixing. Simon Harvey looks at the tasks head. ... read more

Australia's Costa Group eyes citrus M&A

22 February 2021 | Dean Best

The publicly-listed fresh-produce supplier is looking for more acquisitions in the citrus sector, calling expansion in the category a "priority". ... read more

PepsiCo quits Indonesia snacks JV with PT Indofood

22 February 2021 | Simon Harvey

PepsiCo has quit a joint venture in Asia, with the US-based food and beverages giant selling its stake to a local partner. ... read more

Thai Union quits Middle East venture

22 February 2021 | Dean Best

The Thailand-based seafood giant is selling up and leaving a venture signed six years ago after the business failed to hit expectations. ... read more

Halo Top CEO joins investors in US flavoured milk business Slate Milk

19 February 2021 | Simon Harvey

Slate Milk, a US start-up manufacturing flavoured milk drinks, has secured new funding from a group of investors. ... read more

Japan's Kikkoman takes control of India operation with new subsidiary

19 February 2021 | Andy Coyne

Japan-based soy sauce manufacturer Kikkoman has announced a significant change to its operation in India. ... read more

Danone adds to plant-based offering with deal for Earth Island

19 February 2021 | Andy Coyne

French dairy giant Danone has acquired a US plant-based business specialising in cheese and mayonnaise, it has announced. ... read more

TPP Capital launches fund focused on food, drink enterprises run by ethnic minorities

17 February 2021 | Simon Harvey

TPP Capital Holdings, a US private-equity firm dedicated to improving the health of ethnic communities, has launched a food- and drinks-focused fund. ... read more

Boulder Sausage sold to London-headquartered investor MBH Corp

17 February 2021 | Simon Harvey

Boulder Sausage, a US manufacturer of sausage and bacon for the retail and foodservice channels, has a new owner. ... read more

Total Produce, Dole Food Co. to merge into new US-listed entity Dole Plc

17 February 2021 | Simon Harvey

A merger has been agreed in the global fruit and vegetable sector that will see two category leaders create a new US-listed entity. ... read more

Canadian investor Eat Beyond takes stake in plant-based firm Zoglo's 

17 February 2021 | Andy Coyne

Zoglo's Incredible Food, a Canadian manufacturer of kosher and plant-based products, has sold a stake in the business to a local specialist investor. ... read more

Atria to sell Russian meat business Pit Product to unit of Cherkizovo

16 February 2021 | Simon Harvey

Atria, the Finnish meat processor and ready-meals maker, has announced it has entered an agreement to sell its loss-making Russian subsidiary. ... read more

Verus International's deal for Eliot's Nut Butters rescinded

16 February 2021 | Simon Harvey

US consumer-goods company Verus International, which also trades as Verus Foods, has announced a deal struck last year has fallen through. ... read more

Kerry Group launches review of dairy business in UK, Ireland as revenues fall

16 February 2021 | Simon Harvey

Kerry Group, the Dublin-listed consumer foods and ingredients supplier, has announced a strategic review this morning (16 February) in conjunction with its annual results. ... read more

Rule Breaker Snacks sells minority stake to Grupo Bimbo's venture arm

15 February 2021 | Simon Harvey

Rule Breaker Snacks, a New York-based maker of vegan and gluten-free treats, has sold a minority stake in the business founded in 2015. ... read more

Hormel goes nuts for new asset Planters

12 February 2021 | Dean Best

Hormel Foods has bought Kraft Heinz's Planters snacks arm. Paying more than $3bn for the assets, it's the largest deal in upbeat Hormel's history. Market reaction was more muted. ... read more

Brazil beef giant Minerva eyes Australia acquisition with Saudi state fund Salic

12 February 2021 | Simon Harvey

Brazilian meat major Minerva Foods is eyeing a potential acquisition in Australia in partnership with a Middle Eastern state fund. ... read more

Investor-backed Symington's explores options over future

12 February 2021 | Simon Harvey

Symington's, the UK-based branded and private-label food business, has acknowledged the investor-backed company is exploring options over the future of the company. ... read more

Activist hedge fund raises questions over TreeHouse Foods strategy

12 February 2021 | Simon Harvey

TreeHouse Foods' annual results were overshadowed by news of the emergence of an activist on its shareholder roster. Simon Harvey looks at the pertinent issues. ... read more

France's Bel Group backs plant-based fund Big Idea Ventures

12 February 2021 | Simon Harvey

Big Idea Ventures, an alternative-protein venture fund and accelerator, plans to bolster its presence in Europe with backing from a major dairy firm. ... read more

Plant-based priorities – dairy companies also in dairy-free

12 February 2021 | Andy Coyne

just-food rounds up what the world's leading dairy businesses, or food majors with a significant dairy offering, are providing in the dairy-free product area. ... read more