GODIVA, the global leader in premium chocolate owned by Yildiz Holding, named Nurtac Ziyal Afridi as CEO. The announcement caps her two months serving as interim chief executive officer in which she and her leadership team developed a three-year strategy to seize new opportunities through GODIVA's dynamic omnichannel structure.
New report reveals how COVID-19 accelerated major shifts in spending and attention
December 17, 2020
Coefficient Capital and The New Consumer worked with Toluna, Inc. to survey 3,500+ US consumers on shifting behaviors resulting from the COVID-19 pandemic. The survey, conducted in November 2020, asked consumers about their spending habits, consumption patterns and other behaviors related to food & beverage, fitness, alcohol and beauty.
B&D Flavours is the third company to become part of the Riverside platform and the first outside the US
December 16, 2020
B&D's solid reputation for quality and service in the Canadian market gives the newly formed match-up complementary capabilities to expand flavor solutions to customers throughout North America.
Company was recently named to Nielsen's Top 100 Fastest Growing Emerging Brands
December 16, 2020
Spice World, Orlando, a specialty brand known for its fresh flavorings, convenient and always-in-season garlic, ginger and shallots, unveiled a transformative new line of global inspired cooking and seasoning blends that adds international flair to any home cooked dish called Global Flavors™.
Eat Just, Inc. has made the first commercial sale of meat created directly from animal cells for human consumption to 1880
December 16, 2020
Eat Just, Inc., a company that applies cutting-edge science and technology to create healthier, more sustainable foods, announced that on the heels of its historic regulatory approval for cultured chicken, it has made the first commercial sale of meat created directly from animal cells for human consumption to 1880, an establishment founded to inspire conversations that change the world. GOOD Meat Cultured Chicken will launch with 1880 December 19.
Expanded facility allows for increased efficiencies in order fulfillment, food safety and quality
December 16, 2020
With the opening of Burke Corporation’s expanded, 210,000-square-foot enterprise-wide manufacturing plant, the experts at Hormel Ingredient Solutions, an industry leader in protein-based ingredients for prepared foods manufacturers, can continue to efficiently fulfill orders of fully cooked meats and uphold their commitment to the highest levels of food safety and quality.
Hugh Roth, chief customer and business officer at PepsiCo Foodservice, is the incoming chair of the board
December 16, 2020
Incoming chair of the board, Hugh Roth, is chief customer and business officer at PepsiCo Foodservice. During his tenure on the IFMA Board, Roth has served as the chair of the IFMA Education Foundation for two years, promoting the vast career opportunities in foodservice manufacturing to the next generation of leaders.
Company announces redemption of public warrants to help fund the transaction
December 15, 2020
Utz Brands, Inc. announced that its subsidiaries Utz Quality Foods, LLC and Heron Holding Corporation have completed the acquisition of Truco Enterprises, a seller of tortilla chips, salsa and queso under the ON THE BORDER® (“OTB”) brand, for a total purchase price of $480 million, subject to a customary post-closing purchase price adjustment.
The project consists of the research and development of an AI Powered Recipe Creation App, Chef Assisting Cooking Robot and a Community Co-creation Initiative
December 15, 2020
Sony AI will use a variety of data sources – including recipes and ingredient data, such as taste, aroma, flavor, molecular structure, nutrients, etc. – to develop a Recipe Creation App that will be powered by proprietary AI algorithms to assist the world's top level chefs in their creative process of ingredient pairing, recipe design and menu creation.
The transaction is set to be completed by the first calendar quarter of 2021
December 15, 2020
Almark Foods and Michael Foods, a subsidiary of Post Holdings, Inc., announced that they have entered an agreement for the sale of Almark Foods. The transaction is set to be completed by the first calendar quarter of 2021.