Ecovative Raises $28M to Propel MyBacon Growth & Launch Eco-Leather – Green Queen
New York-based Ecovative has secured $28M in a growth equity round to expand its mycelium-based MyBacon product and introduce new sustainable leather materials.
Mosaic Flavors Acquires First Coast Flavors – Food Business News
Mosaic Flavors, which recently came together in 2023 after OC Flavors and Novotaste rebranded under one company, has acquired flavor supplier First Coast Flavors.
Daily Crunch Secures $4m in Series A Funding – FoodBev Media
Daily Crunch, a rapidly growing player in the healthy snacks sector, has successfully closed a $4 million Series A funding round led by Launch Tennessee.
Mondelez International to Acquire Chinese Baking Company – Food Business News
Mondelēz International has announced plans to acquire a majority stake in Evirth, a Chinese manufacturer of cakes and pastries, as part of its strategy to enhance its footprint in the rapidly growing frozen-to-chilled desserts market.
Odd Burger Opens $4M Round to Fuel Vegan Fast Food Expansion – Vegconomist
Odd Burger Corporation has announced a non-brokered private placement to raise up to $4 million via convertible debentures.
Veetee Foods to Invest $36M in New North Carolina Facility – FoodBev Media
Veetee Foods, a global producer of ready-to-eat rice meals, plans to open a new production facility in Selma, North Carolina, US, creating 200 jobs. The company, headquartered in Kent, UK, will invest $36 million at Eastfield Crossing.
Lifeway Foods Investor Buys Former Saputo Plant – Just Food
Edward Smolyansky, one of kefir maker Lifeway Foods’ biggest shareholders, has acquired a dairy plant in the US.
Coca-Cola HBC to Invest a Further $1bn in Nigeria – FoodBev Media
The Coca-Cola System in Nigeria, comprised of Coca-Cola Nigeria and its authorized bottler, Nigeria Bottling Company (NBC), has announced plans to expand its investments in Nigeria over the next five years.
US Private-equity Firm Buys Italian Pasta Maker Polli – Just Food
Platinum Equity, a US private equity firm, has acquired Italy-based pasta condiments and vegetable preserves producer Polli.
Danone Offers to Buy Kefir Maker Lifeway Foods for $25 Per Share – Food Dive
Dairy giant Danone offered to pay $25 per share in cash to buy the remaining stock it doesn’t already own in kefir products maker Lifeway Foods.
Fonterra announces NZD 150M Investment in New Zealand – FoodBev Media
Fonterra is investing a further NZD 150m (approx. $93.5m) into its operations, building a new cool store at its Whareroa site in Taranaki, New Zealand.
Renamed Flora Food Group Acquires US Plant – Just Food
Flora Food Group, the plant-based food business formerly known as Upfield, has acquired a facility in the US.
Cargill Launches $3M NutriHarvest Initiative to Enhance Food Security – FoodBev Media
Cargill has announced a $3 million multi-year initiative called the NutriHarvest project, which will be administered by HarvestPlus, a global leader in biofortified foods.