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Home » Topics » Breaking News

Breaking News
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MGP Ingredients Announces New Leadership

CEO Gus Griffin to retire, board names David Colo as successor
February 13, 2020
The board named David Colo, currently a director of MGP, as president and chief operating officer effective March 16 until he assumes the role of CEO upon Griffin’s retirement in May. 
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Food Industry News

Alpha Foods Raises $28M of Series A Capital in Funding Round

AccelFoods leads funding to meet Americans’ growing appetite for plant-based protein
February 11, 2020
AccelFoods, along with partners such as New Crop Capital, Green Monday and Blue Horizon, will support Alpha Foods’ continued growth as an emerging global leader in the plant-based meal category.
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Brandable Names New Leadership

Former Tesco CEO John Burry will assume the role of president
February 11, 2020
Combining deep operational experience in traditional retail with exposure to new technologies and entrepreneurial culture, Burry brings a unique perspective on the future of retail and consumer brands.
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Rich Products Initiates Expansion

Company celebrates 75h year with acquisitions and long-term growth strategy
February 10, 2020
Furthering Rich’s reach and offerings in both the bakery and dessert categories are two manufacturing plants the company will acquire from TreeHouse Foods.
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One Rock Capital Partners Completes Acquisition of Innophos

Richard Hooper appointed CEO
February 7, 2020
In conjunction with the completion of the transaction, Richard Hooper has been appointed CEO of Innophos, effective immediately. Hooper is an industry veteran with 40 years of specialty materials experience.
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Experienced Food Scientist to Join Kemin

Emily Guilfoyle will take on new role as bakery R&D manager
February 7, 2020
As bakery R&D manager, Guilfoyle leads the bakery R&D team through technical advancements in innovation and new product development and develops custom blends and solutions as part of bakery customer support.
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Yofix Raises $2.5 Million to Fuel Growth

Key investors and first-tier international dairy companies join latest capitalization round
February 5, 2020
The new infusion of funding provides the startup with significant leverage for attaining global expansion of its current portfolio of award-winning plant-based yogurts.
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Cargill Invests $6.4M in Food Pilot Facility Expansion

Facility investment aims to accelerate customer product launches
February 5, 2020
The new facility will allow the edible oils business to conduct multi-scale, continuous piloting, starting with the refining of new vegetable oils and blends and ending with innovative shortening solutions for breads, cakes, cookies, frying and other uses.
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PROVA North America Names Northeast Sales Manager

Louis Rossanese will be responsible for the day-to-day coverage of existing accounts across the Northeast corridor
February 5, 2020
Rossanese has more than 15 years of demonstrated sales success in the food ingredient market. He comes to PROVA from Naturex, a Givaudan affiliate, where he was instrumental in the launch of the company’s natural colors business and held a sales and business development role within that new business unit. 
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Ardent Mills to Acquire  Andean Naturals' Quinoa Operations

The facility will be Ardent Mills' first gluten-free sourcing and cleaning facility with the ability to expand to additional grains
February 5, 2020
This important milestone for The Annex comes shortly after the acquisition of an organic grain elevator in Klamath Falls, Oregon, the Colorado Quinoa™ exclusivity partnership, as well as the Denver RiNo investment to clean and pack specialty grains.
Read More
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