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Palm Oil Market To Reach $88 Billion By 2022

Growing environmental concerns have prompted bio-fuel demand across the globe
August 4, 2015
Global Palm Oil Market is expected to reach $88 billion by 2022, according to a new study by Grand View Research, Inc. Growing environmental concerns have prompted bio-fuel demand across the globe which is expected to remain a key driving factor for global palm oil market.
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Food Industry News

Mars Chocolate Grows U.S. Footprint

New $100 million investment in Topeka, Kansas facility to create 70 Jobs
August 3, 2015
Mars Chocolate North America announced that it will invest an additional $100 million in its Topeka, Kansas site, breaking ground on a new state-of-the-art 90,000-square-foot facility in America’s heartland. As part of this expansion, the company will create a total of 70 new full-time, permanent, high-wage manufacturing jobs.
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Cargill Completes Acquisition of ADM's Global Chocolate Business

Move deepens service offerings for customers
August 3, 2015
Cargill has now completed the acquisition of ADM's global chocolate business for an enterprise value of $440m. The acquisition underlines Cargill's commitment to meeting customer needs and constitutes a milestone for its chocolate growth strategy, strengthening its position as a leading player in the cocoa and chocolate industry.
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Food Industry News

Peacock Engineering Company to Acquire L&L Foods

L&L Foods is a provider of high-volume, single-serve/portion-control packages of food products
July 30, 2015
Peacock Engineering Company announced that it has entered into an agreement to acquire L&L Foods, based in Anaheim, CA.
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DairyChem Purchases Ziegler Dairy Coagulator Formulas

The company was previously supplied by DuPont Nutrition & Health
July 29, 2015
DairyChem Laboratories, Inc. announced its purchase of the formulas used to produce Ziegler dairy coagulators from DuPont Nutrition & Health. The purchase is limited to the product formulas and DairyChem will offer direct replacement products under its own brand. The purchase does not include the Ziegler trademark and the price has not been disclosed.
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World-Renowned Carotenoid Scientist Joins Kemin

“Scientifically rich environment with state-of-the-art facilities and a strong carotenoid research group” draws Dr. Frederick Khachik
July 28, 2015
Dr. Frederick Khachik, a renowned carotenoid scientist, joined the Kemin human nutrition and health division. The driving force for Khachiks’ reunion with Kemin is the company’s focus on exploring the health benefits of dietary carotenoids in maintaining and promoting health.
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Campbell Updates Key Strategic Imperatives

Company plans to change many of its recipes, build stronger connections with consumers and increase focus on faster-growing categories
July 27, 2015
Campbell Soup Company provided an update on the company's key strategic imperatives. Led by President and Chief Executive Officer Denise Morrison, executives outlined important actions the company is taking to reshape Campbell and improve its growth trajectory by strengthening its core business and expanding into faster-growing spaces. This includes Campbell’s plans to change many of its recipes, to build stronger connections with consumers and to increase the company’s focus on faster-growing categories, such as health and well-being and developing markets.
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PepsiCo Announces Leadership Appointments

New leadership roles support company's global business priorities and growth strategies
July 23, 2015
PepsiCo, Inc. announced a series of leadership appointments that support the company's global business priorities and growth strategies.
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Food Industry News

Permira Funds Acquires Medora Snacks, Ideal Snacks

BFY Holdings will be well-positioned to create a global, diversified, better-for-you snack company
July 21, 2015
As of the closing, the Permira funds combined Medora and Ideal under a holding company called BFY Holdings I, LLC (“BFY Holdings”).
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General Mills to Protect Bees from Pesticides

After dialogue with investors, General Mills updates pollinator policies
July 16, 2015
Following engagement with investors and advocates, General Mills a major packaged foods company to improve policies to protect bees and other pollinators from the impacts of pesticides.
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