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Home » Topics » Breaking News

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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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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.
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Perfect Day Expands Series C to $300 Million

CPP Investments leads funding expansion after breakthroughs in animal-free dairy production capabilities
July 8, 2020
Pioneering animal-free dairy maker, Perfect Day, announced the expansion of its Series C to $300 million through a new tranche led by Canada Pension Plan Investment Board (CPP Investments). This follows an initial $140 million C round shared late last year, which was met with excitement and additional inbound interest after production breakthroughs in the company's proprietary flora-made dairy proteins. 
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ABITEC Corporation Acquires Larodan AB Research Grade Lipids

The strategic acquisition will expand ABITEC’s functional lipid product offerings and scientific capabilities
July 8, 2020
ABITEC Corporation, an ABF Ingredients company, announced that it has acquired Larodan AB, a manufacturer and international marketer of state of the art, high-purity research grade lipids. This strategic acquisition will expand ABITEC’s functional lipid product offerings and scientific capabilities to better serve the pharmaceutical, nutritional and industrial market sectors.
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Omya Completes Expansion of Orgon Production Plant

The state-of-the-art facility focuses on sustainable, high-quality mineral products
July 7, 2020
Omya has rebuilt and expanded its calcium carbonate production plant in Orgon, France, creating a substantially higher capacity for its functionalized calcium carbonate product platform, a new packaging line and an on-site warehouse. The modern facility produces the company’s mineral grades for food, pharmaceutical, nutraceutical and cosmetic applications in accordance with the most stringent sustainability and quality standards.
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IFF Health: Men’s Health

IFF Health attains Non-GMO Project Verified certification for plant-based men’s health ingredient
July 2, 2020
IFF Health has received Non-GMO Project Verified certification for its Go-Less® Men, an extract, for healthy bladder function in men. The activity of this plant-based ingredient is supported by clinical trials.
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Path of Life Brand Hires New Sales Leadership

Blake Zimmerman to take on role as director of brand sales
July 2, 2020
Path of Life, known for their plant-based, frozen quinoa, rice, and veggie blends, has welcomed Blake Zimmerman to the Live Simple family as the director of brand sales. 
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Food Industry News

Constellation Brands to Sell Concentrate Business to Vie-Del

Vie-Del is a supplier of bulk juices, concentrate, brandy, wine and spirits
July 2, 2020
Vie-Del Company, a family-owned grape processor and supplier of bulk juices, concentrate, brandy, wine and spirits in Fresno, Calif., announced that it signed a definitive agreement with Constellation Brands US Operations, Inc., a wholly-owned subsidiary of Constellation Brands, Inc., to acquire CBUSO’s grape concentrate and high-color concentrate business.
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Ingredion Completes Acquisition of PureCircle

PureCircle Limited is a producer and innovator of plant-based stevia sweeteners and flavors
July 1, 2020
PureCircle brings global innovation and manufacturing expertise, enabling Ingredion to leverage its global go-to-market model, formulation capabilities and broad ingredient portfolio.
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Specialty Food Sales Hit $158.4 Billion

Specialty Food Association releases new State of the Industry Report
June 30, 2020
Based on sales data from the past three calendar years, the new Specialty Food Association's (SFA) annual State of the Specialty Food Industry Report  reveals a robust specialty food industry hitting $158.4 billion in sales, a 10.7% increase since 2017. The full report includes commentary throughout that reflects the impact and ramifications of COVID-19.
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