Funding Acquisition and Finance News
US Govt Loans $25M for Voyage Foods to Build Large Cocoa-free Chocolate Factory – Green Queen
US food tech startup Voyage Foods is set to open a large-scale manufacturing facility for its ethical pantry staples, aided by a $25M loan from the government.
Massachusetts Backs Tufts University With $2.1M for New Cell Ag Center – Vegconomist
The Healey-Driscoll administration and the Massachusetts Technology Collaborative have awarded $2,136,711 to the Tufts University Center for Cellular Agriculture to establish the Foodtech Engineering for Alternative Sustainable Technologies center.
Cereals Canada Invests $7.3M in Cereal Research to Boost Competitiveness – Just Food
Cereals Canada has secured $7.3 million in funding from Agriculture and Agri-Food Canada (AAFC) to enhance research, innovation, and market support for the Canadian cereal sector.
MicroLub Beefs Up Budget with $4.5M Round – Green Queen
UK deep tech startup MicroLub has closed a £3.5M ($4.5M) funding round to replace fats and oils with its plant-based microgels.
Smart Foods Acquires The Aussie Plant-Based Co From Liquidation – Vegconomist
The Aussie Plant-Based Co, which entered liquidation due to cash flow difficulties, has now been acquired by Gold Coast-based food manufacturer Smart Foods.
German Ministry Grants €2.6M to Project Upcycling Dairy Waste Into Mycelium Protein – Green Queen
Infinite Roots and the Hamburg University of Technology have received a €2.6M grant from the German government to develop tech that transforms whey into a feedstock to grow mycelium.
France’s LDC Takes Majority Stake in European Convenience Food Group – Just Food
France’s LDC group has taken a majority interest in Germany-based European Convenience Food (ECF Group), a retail and food service supplier.
JAB to Acquire Mondelez Stake in JDE Peet’s Coffee Business – Food Business News
Investment firm JAB Holding Co. is acquiring Mondelez International’s stake in the coffee and tea company JDE Peet’s in a €2.16 billion ($2.34 billion) deal.
Second Nature Brands Acquires Voortman – Food Manufacturing
Second Nature Brands LLC, a portfolio of premium and better-for-you snacks and treats brands, announced it has entered into a definitive agreement to acquire the Voortman cookie brand from the J.M. Smucker Co.
Smart Foods Buys Australia Alt-meat Peer Fenn Foods – Just Food
Fenn Foods, the Australian alt-meat business that moved into liquidation, has a new owner. Local peer Smart Foods has struck a deal to acquire Buderim-based Fenn Foods’ “major assets”, according to insolvency firm Fort Restructuring.
Müller Deal to Buy Yew Tree Dairy Approved by CMA – FoodBev Media
Müller has announced that it has received approval from the Competition and Markets Authority (CMA) regarding its acquisition of Yew Tree Dairy.