Food majors invest in cell-based seafood firm BlueNalu
BlueNalu, a US-based firm focused on cell-based seafood, has revealed the participants of a US$20m round of investment in the business.
Fyffes
New products – Tyson introduces Air Fried Chicken; Halo Top goes “indulgent” in the UK; Good Hemp debuts CBD-infused milk; Danone rolls out Alpro soy drinks
This week's batch of new product launches includes CBD-infused milk from Good Hemp high-protein soy drinks from Alpro and "indulgent" ice creams from Halo Top.
Fyffes kicked out of Ethical Trading Initiative
The Ethical Trading Initiative (ETI) has made a decision about fresh produce group Fyffes' membership of the organisation.
Japan’s Sumitomo makes play for Fyffes
Fyffes has agreed to an all-cash takeover offer from Japanese banana-to-transportation conglomerate Sumitomo Corp. that values the Irish produce group at around EUR751.4m (US$978m).
Fyffes raising funds for further acquisitions
Irish produce company Fyffes could raise around EUR40m (US$44.9m) to fund further acquisitions through a share placement.
Fyffes acquires Canada’s All Seasons Mushrooms
Fyffes, the Irish produce company, has acquired Canadian mushroom group All Seasons Mushrooms for CAD59.1m (US$45.9m). British Columbia-based All Seasons is one of the largest mushroom producers in western Canada,…
Fyffes books H1 sales and profits boost
Fyffes, the Ireland-based fresh produce group, this morning (2 September) reported higher half-year sales and profits. Adjusted profit before tax amounted to EUR35.5m (US$39.7m), 4.5% up on the same period…
Fyffes raises outlook on M&A
Irish produce group Fyffes raised its full-year outlook this morning (29 April) to reflect the expected contribution of recently acquired business Highline Produce. Fyffes said it now anticipates EBITDA of…
Food industry quotes of the week: PepsiCo, Campbell Soup Co., CSM Bakery Solutions
The UK debate over sugar intensified this week with Public Health England calling for a series of measures to reduce consumption. In the US, Campbell Soup Co. and The Schwan…
Fyffes outlines banana, melon investment
Fyffes, the Ireland-based produce group, has snapped up banana and melon farms in Central America. The company said it had bought a banana farm it had been leasing in Costa Rica…
Fyffes posts H1 jump in sales, profits
An improved performance from Fyffes' banana and pineapple businesses has led the produce giant to report a lift in first-half profits and sales. The Irish banana group posted a 9.1%…
