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Food Industry News

IFF to Merge with DuPont’s Nutrition & Biosciences Business

The combination of IFF and N&B creates a global leader in high-value ingredients and solutions for global food & beverage, home & personal care and health & wellness markets
December 16, 2019
Under the terms of the agreement, which has been unanimously approved by both Boards of Directors, DuPont shareholders will own 55.4% of the shares of the new company and existing IFF shareholders will own 44.6%. Upon completion of the transaction, DuPont will receive a one-time $7.3 billion special cash payment, subject to certain adjustments.  
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Perfect Day Announces $140 Million Series C Funding Round

New investment will expand commercial reach
December 13, 2019
This third round of funding will help accelerate Perfect Day’s business growth to further its commitment to bringing consumers the dairy products they know and love, completely animal-free.
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Cargill, Renmatix Explore New Technology to Make Label-Friendly, Functional Food Ingredients

Joint development agreement will focus on developing food ingredients from unused plant materials
December 12, 2019
The two companies will use Renmatix's Plantrose Process, which is a proprietary, water-based technology, and Cargill's preferred feedstocks to make highly functional food ingredients.
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Biospringer North America Corp. Announces $29 million Expansion

Investment in yeast extract production site will support growing market for natural origin ingredients derived from fermentation
December 11, 2019
The wide range of yeast ingredients are essential in constructing taste for multiple applications in the food industry including soups, sauces, meats and meat analogs, snack seasonings and sweet recipes, according to the company.
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Food Industry News

Nestlé to Sell US Ice Cream Business to Froneri

Nestlé USA’s successful ice cream business comes with a high-caliber management team, marketing, manufacturing and sales/distribution capabilities
December 11, 2019
In 2016, Nestlé and PAI Partners merged Nestlé’s European ice cream business in 20 countries and PAI-owned R&R to create Froneri, one of the world’s largest ice cream companies.
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Idaho Milk Products Announces Employee Promotions

Company makes series of promotions from within
December 10, 2019
Almin Avdic and Sam Macias were recently promoted to quality assurance (QA)/lab supervisors. Avdic started with Idaho Milk Products in 2010 as a packager.
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Upshoot Announces 2020 Executive & Advisory Team

The team will provide strategic and operational leadership to the healthy lifestyle company
December 10, 2019
Using a social selling business model, the company has already seen an increasing number of people across the United States joining as Upshoot Ambassadors (independent distributors) to earn additional income while helping others eat better and feel healthier through plant-powered nutrition.
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Food Industry News

Ingredion, SweeGen Extend Distribution Agreement

Updated agreement will enable both companies freedom to offer next-generation stevia sweeteners global customers
December 10, 2019
Ingredion and SweeGen were the first suppliers to commercialize Reb M by bioconversion in early 2017. Reb M is a non-caloric stevia sweetener that provides sweetness with a clean, sugar-like taste and enables food and beverage manufacturers to reduce sugar, without sacrificing taste.
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Sabra Partners with HelloFresh

New fresh meals will feature two hummus bowls
December 9, 2019
HelloFresh customers can order the Chicken Gyro Couscous Bowl and the entirely plant-based Mediterranean Hummus & Couscous Bowl through the end of the year.
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CP Kelco Wins 2019 Fi Innovation Award in Diversity & Inclusion Category

Innovation Award winners in 11 distinct categories were announced during a Dec. 3 ceremony
December 6, 2019
Presented to CP Kelco’s Didier Viala, president, and Sophie Moyal, senior vice president of human resources, the Fi Innovation Award for Diversity & Inclusion recognizes an organization for creating a work environment that offers equal opportunities for all employees irrespective of gender, race, religious background, sexual orientation and physical or mental ability.
Read More
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