Articles Tagged with ''food industry news''

The Almond Board of California (ABC) announced a $2.5 million dollar commitment to independent, third-party research into next-generation farming practices.

Rich Products was established by product innovation. Today we find this private, 70-year-old company is equally committed to new product and process innovation.

Sensus America, part of Netherlands based inulin manufacturer Sensus, and Ganeden, the Cleveland, OH -°©?based manufacturer of patented strains of probiotics have announced today that they have formed a strategic alliance.

The transaction of approximately $100 million is expected to close within 30 business days, pending customary closing conditions.

The report "Functional Food Ingredients Market by Type (Protein, Vitamin, Mineral, Prebiotic & Probiotic, Hydrocolloid, Essential Oil, Fatty Acid, Carotenoid), Application (Food & Beverage), Health Benefit (Gut, Bone, Health, Immunity, Nutrition), & by Region - Global Forecast to 2020", The Functional Food Ingredients Market is projected to reach about $2.5 Billion by 2020, growing at a CAGR of about 6% from 2015 to 2020.

BENEO, a manufacturer of functional ingredients, appointed Jon Peters to the position of President of BENEO Inc. He leads the company’s business for the Americas Region (U.S., Canada, Mexico and South America) from the U.S. headquarters in New Jersey.

The Kraft Heinz Company announced the successful completion of the merger between Kraft and Heinz.

The announcement of The Kraft Heinz Company’s senior leadership team marks another major milestone in the soon-to-be-completed merger.

The company’s new plans for creating long-term value center on a more aggressive approach to cost reduction, growing consumer brands (Consumer Foods segment) and Lamb Weston (within the Commercial Foods segment), as well as balanced capital allocation. Details to be shared at an investor event later this year.