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Oatly_900

Oatly to Expand with $200 Million Equity Investment

Oatly’s founders will reinvest in the company’s growth by providing additional capital
July 17, 2020
As minority shareholders, the new investors will join the company’s existing partners, including Verlinvest-CR JV and the company’s founders, on Oatly’s dynamic journey. As part of this transaction, Oatly’s founders will also be reinvesting in the company’s growth by providing additional capital.
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Food Industry News

Home Chef Announces Collaboration with Impossible Foods

Home Chef will offer recipes for customers to exchange traditional animal-based proteins for the plant-based Impossible Burger
July 17, 2020
Home Chef, one of the leading meal kit delivery companies with 3.5 million meals delivered each month, announces a new collaboration with Impossible Foods. Each week, Home Chef will offer several recipes where customers can choose to swap out traditional animal-based proteins for the award-winning, plant-based Impossible Burger as part of its "Customize It" feature.
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AEB_20_900

US Dietary Guidelines Advisory Committee Recommends Eggs as a First Food for Babies and Toddlers

American Egg Board releases an official statement
July 16, 2020
Eggs are one of the best sources of choline, an essential nutrient critical for fetal brain development. The Advisory Committee classified choline as an important nutrient that is under-consumed by all Americans. Importantly, 92% of pregnant women fail to meet the daily Adequate Intake (AI) recommendations for choline.
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Diageo_PaperPack_900

Diageo Develops 100% Plastic Free Paper-Based Spirits Bottle

Pulpex Limited is a new partnership between Diageo and Pilot Lite that is focused on cutting edge, sustainable packaging
July 14, 2020
Diageo, makers of Johnnie Walker, Smirnoff and Guinness, announced that it has created the world's first ever 100% plastic free paper-based spirits bottle, made entirely from sustainably sourced wood. The bottle will debut with Johnnie Walker in early 2021.
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IDDBA_900

New IDDBA COVID-19 Impact Report

The report reflects how the current pandemic is impacting the bakery, dairy, deli meat, deli, cheese, and deli prepared sectors
July 13, 2020
The International Dairy Deli Bakery Association released its latest COVID-19 Impact report. The report reflects how the current pandemic is impacting the bakery, dairy, deli meat, deli, cheese, and deli prepared sectors.
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BlueNalu_900

BlueNalu Signs MOU with Pulmuone

Agreement accelerates BlueNalu’s introduction to the Asian marketplace
July 10, 2020
BlueNalu, a food technology company developing cell-based seafood products, announced the signing of a Memorandum of Understanding (MOU) with Pulmuone Co. Ltd., a leader in healthy lifestyle and environmentally-friendly food products headquartered in South Korea. Pulmuone also participated in BlueNalu’s A round of financing, which was announced earlier this year.
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Ingredion_RiceThailand_900

Ingredion Completes Rice Manufacturing Expansion

The expansion is part of the company’s ongoing investment strategy to support customers globally
July 10, 2020
Ingredion Incorporated, a global provider of ingredient solutions, announced the completion of its rice manufacturing expansion in Banglen, Thailand. The expansion is part of the company’s ongoing investment strategy to support customers globally through the growth of its speciality food ingredients business.
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ChefsCut_900

Sonoma Brands Acquires Chef’s Cut Real Jerky Co.

Cut Real Jerky Co. has built a roster of products including jerky, meat sticks and biltong that are made with the real ingredients and premium cuts of steak
July 9, 2020
The acquisition, led by Sonoma Brands managing director Kevin Murphy, follows Sonoma Brands’ acquisition of KRAVE from The Hershey Company in June 2020, thus joining two chef-crafted, premium jerky brands to create a powerhouse portfolio of brands within the meat snacking space. 
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IngredionLogo900

Ingredion Names New Leadership

Jeremy Xu to assume role as senior vice president, and chief innovation officer
July 9, 2020
Ingredion Incorporated, a global provider of ingredient solutions, announced that Jeremy Xu has been named senior vice president, and chief innovation officer, effective October 1.
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NPD_logo20_900

US Consumers Stockpile Indulgent Treats During COVID-19 Pandemic

Snack food consumption has increased by +8% during the pandemic as consumers seek comfort through savory and sweet snacks
July 8, 2020
In April, during the height of the shelter-at-home orders, 37% of consumers told NPD they wanted to make sure they had sufficient snack foods on hand. They were well-stocked on salty snacks and frozen sweets more than other items.
Read More
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