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Food Industry News
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McCormick lays out growth priorities for $20bn Unilever Foods combination
McCormick targets $600m of synergies and faster global growth from its Unilever Foods combination, but integration will decide the $20bn platform's value.
Why M. P. Evans shares climbed after a modest $2m plantation acquisition
M. P. Evans Group has acquired planted land and secured rights over an adjacent Indonesian area that could expand Kota Bangun by more than 3,000 planted hectares, with longer-term investment estimated at $20 million to $25 million.
Barfresh Food unlocks USDA grant as 44,000sft Ohio plant faces year-end test
Barfresh Food Group has received final USDA re-approval allowing it to access a $2.4 million grant for its 44,000-square-foot Defiance, Ohio manufacturing facility, removing one financing uncertainty as the company tries to reverse production inefficiencies that pushed second-quarter gross margin below zero.
Freenow Food opens Rp776bn Morowali coconut plant with 184,000-ton first phase
PT Freenow Food Industry has begun operating a Rp776 billion integrated coconut-processing complex in Morowali, Indonesia, with first-phase capacity of about 184,000 tonnes annually and longer-term plans requiring as many as 500 million coconuts a year across a three-stage expansion.
Danone completes Huel acquisition as €1bn functional nutrition bet moves to execution
Danone completes Huel acquisition as a reported €1bn nutrition bet moves to execution, with international growth now carrying the valuation burden.
Bubs Australia (ASX: BUB) wins permanent US FDA approval as shares jump 35%
Bubs Australia Limited has secured permanent U.S. FDA authorisation for Bubs Goat, Bubs 365 Day Grass Fed and Bubs Essential infant formulas, replacing the temporary regulatory pathway that supported its expansion into more than 10,000 U.S. stores.
Why Barilla wants a mac and cheese brand whose customers often never bought the category before
Barilla is buying Goodles after the US mac and cheese challenger reached 7.8% share, testing whether global scale can preserve its disruptive growth.
HF Foods adds specialty frozen seafood platform through $35m Searay deal
HF Foods buys Searay for C$47.9m at about 5x adjusted EBITDA, creating a Canadian platform that could materially reshape HFFG’s margin profile.
Campbell’s cuts 13% of salaried workforce as sales fall 5%. Can $500m of savings fix the problem?
The Campbell’s Company has reduced its salaried workforce by approximately 13% as fiscal-year sales fall to $9.7 billion, launching a new $500 million savings programme while simultaneously cutting its dividend to accelerate debt reduction.
HF Foods Group closes $35m Searay deal in first international expansion
HF Foods Group completes its $35 million Searay acquisition, entering Canada with a higher-margin seafood platform. Find out what changes next.