Revela, with $240 million in projected 2023 sales, adds to ADM’s portfolio with innovative technology to meet demand in the $1.8 billion dairy flavor segment
ADM, a global leader in human and animal nutrition, announced it is adding to its flavors capabilities with an agreement to acquire Revela Foods, a Wisconsin-based developer and manufacturer of innovative dairy flavor ingredients and solutions.
Chobani, LLC announced that it has acquired La Colombe for $900 million. Chobani financed the acquisition through the combination of a newly issued $550 million term loan, cash on hand and the exchange of Keurig Dr Pepper's (KDP) minority equity stake in La Colombe into Chobani equity.
The packaging designs were optimized, reducing the total material weight for these three foods by 672,000 pounds, reducing 124,000 pounds of plastic and reducing 548,000 pounds of corrugated cardboard used for shipping cases (annually).
Konscious Foods™, a plant-based seafood brand, announced its plan to expand its foodservice offerings across North America in 2024. The brand is now officially entering the US foodservice market, while appointing Affinity Group Canada as broker for the Canadian market.
Customers can enjoy increased flexibility, from meal kits to single-serving prepared meals, for ultimate convenience and variety. The Prepared & Ready menu will continue to expand in 2024.
Ingredient innovator EVERY debuted its flagship EVERY Egg – a liquid egg made without the hen – at an exclusive dinner at the restaurant Eleven Madison Park in New York City. Made by yeast fermentation,
Highlander Partners, L.P., a Dallas-based private investment firm, announced the merger of its portfolio company, Benestar Brands, with Palmex S. de R.L. de C.V., a portfolio company of Wind Point Partners. In this strategic move, Wind Point will become the majority shareholder of the combined business, while Highlander will retain a significant minority position.
Lamb Weston Inc., Eagle, Idaho, introduced Mini Waffled Hash Browns, billed as a “mini mashup of magnificent proportions.” Officials say product developers created a “hash brown that eats like a waffle” for on-the-go snacking as well as all dayparts.