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Food Industry News

Whole Earth Brands Closes Business Combination with Flavors Holdings

Whole Earth Brands, Inc. is expected to be a global leader in healthy, natural and zero-calorie foods and ingredients
June 26, 2020
Whole Earth Brands, Inc., formerly known as Act II Global Acquisition Corp., announced  the completion of its business combination transaction with Flavors Holdings Inc. subsidiaries Merisant Company, one of the world’s leading manufacturers of calorie-FREE and low-calorie sugar substitutes, and MAFCO Worldwide LLC, a leading manufacturer of natural licorice products.
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Sensient Technologies Corp. to Sell Yogurt Fruit Preparations Line to Frulact

Sensient will be named a core supplier of flavors, colors, and other related products used by Frulact
June 24, 2020
As a result of this transaction, Sensient will be named a core supplier of flavors, colors, and other related products used by Frulact in its fruit preparation business. The transaction is expected to close in the third quarter of 2020.
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Sesajal S.A. de C.V. Announces Minority Investment in Rhythm Superfoods

Producer of culinary oils, seeds and grains furthers commitment to better-for-you products with investment in Texas-based superfood snack brand
June 24, 2020
Sesajal S.A. de C.V. announced that it has taken a minority investment in Rhythm Superfoods, a US-based manufacturer of organic and non-GMO innovative plant-based superfood snacks. As part of the investment, the two companies will partner to continue to drive growth, expand capacity, as well as increase investments in marketing initiatives and new product innovation.
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AAK USA Names New Leadership

Anthony Jalijali to take on role as head of finance
June 24, 2020
AAK USA Inc., one of the world’s leading manufacturers of value-adding specialty vegetable fats and oils, announced that Anthony JaliJali has joined as head of finance and a member of AAK USA’s leadership team.
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Merit Functional Foods Builds Pea, Canola Protein Production Facility

The facility is on track to be fully operational in the fourth quarter of 2020
June 23, 2020
Construction of Merit Functional Foods’ 94,000-square foot production facility is underway.Merit’s facility will produce the high purity and quality pea and canola protein
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BlueNalu Announces Plans for Expansion, Including New Pilot Plant Operation

CFO and additional key hires prepare company for initial market test
June 19, 2020
BlueNalu, Inc., a food technology company developing cell-based seafood products, announced several key strategic developments including a substantial expansion of the company’s operations, the hiring of a chief financial officer, and the enhancement of its R&D, project management, and engineering teams. 
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Food Industry News

The LIVEKINDLY co. Acquires Oumph!

Oumph! is a multi-award winning plant-based brand from Sweden
June 18, 2020
The LIVEKINDLY co., a collective of heritage and startup brands on track to become one of the world’s largest plant-based food companies, announced the acquisition of Oumph!, a multi-award winning plant-based brand from Sweden.
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Legacy Brands to Experience Significant Change Amid Progress Toward Racial Equality

Aunt Jemima, Mrs. Butterworth and Uncle Ben’s are among the brands under review
June 17, 2020
Aunt Jemima, one of the long-time brands of The Quaker Oats Company, a subsidiary of PepsiCo, Inc., announced it will remove the image of Aunt Jemima from its packaging and change the name of the brand. Packaging changes without the Aunt Jemima image will begin to appear throughout Q4 of 2020.
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Approximately 70% of Grocery Shoppers Find Desired Foods, 30% Still Experiencing Out of Stocks

Meat, poultry, and beverage staples are top categories consumers reported out of stock
June 17, 2020
Although consumers have moved on from the panic grocery shopping they did in the early stage of COVID-19, they still maintain the same level of foods and beverages inventory. Across all categories, there has been only a 3% drop in the estimated number of food and beverage packages on hand in homes compared to early April, reports NPD.
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Food Industry News

World Economic Forum Extends Technology Pioneer Designation to Air Protein

Designation acknowledges the company's contributions in the field of food technology
June 17, 2020
Air Protein, a modern food company which makes meat from CO2 and renewable energy, received the Technology Pioneer Designation for its contributions in the field of food technology.
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