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High Performance Beverage Co. signed a Memorandum of Understanding (MOU) with Jammin Java Corp., in order to create a joint venture partnership for the development of a new line of cold coffee beverages.  

Conagra Brands, Inc. announced Barry Calpino has joined the company as vice president of innovation. Calpino will report to chief growth officer, Darren Serrao.

Ashland Global Holdings Inc., Covington, Ky., has signed a definitive agreement to acquire privately owned Pharmachem Laboratories, Inc., Kearny, NJ, a provider of quality ingredients to the global health and wellness industries and differentiated products to fragrance and flavor houses.

Probiotics ingredients used in the healthcare and medical food industry have to strictly abide by the regulations and standards set by the FDA.

Thanasi Foods will continue to be led by Justin Havlick and the existing leadership team of Thanasi Foods. Financial terms were not disclosed.  

The total enterprise value of the transaction, which has been approved by the Boards of Directors of both companies, is approximately $4.2 billion, including $3.2 billion in equity value and $1.1 billion in assumption of AdvancePierre debt.

As part of its strategic focus on protein-packed brands, Tyson Foods, Inc. is exploring the sale of three non-protein businesses, the company reported today.

With a strong background in food industry strategic management, new Chief Executive Officer Lucas Hendrikse, formerly Senior Vice President Food Ingredients at DSM, will lead the next phase of Crisp Sensation’s development plans, driving global commercialization of the company’s innovative crispy coating technology.

The Hershey Company announced new commitments that will increase the visibility of nutrition information and portion options as part of their ongoing efforts to offer a broad range of delicious snacks and clear information.