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Food Industry News

TerraVia Appoints New CEO

Apu Mody, former president of Mars Food America brings 25 Years of expertise to lead TerraVia’s focus on food, nutrition and specialty ingredients
August 9, 2016
TerraVia Holdings, Inc., a next generation food, nutrition and specialty ingredients company and pioneer in algae innovation, announced that Apu Mody, former President of Mars Food America, has been appointed CEO and a member of the Board of Directors, effective on or about August 22.
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Food Industry News

Premium Brands to Build Production Facility In Phoenix

The 212,000-square-foot facility will focus on state-of-the-art sandwich assembly
August 5, 2016
The facility is scheduled to open in the second quarter of 2017
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Bevolution Group Launches Refrasia Brand

The signature portfolio is made up of six categories, including juice products, lemonades, teas, sports and energy drinks, enhanced waters, and thickened water
August 5, 2016
Three of the categories – lemonades, teas, and enhanced waters – will launch within 90 days. The others will follow in early 2017.
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Food Industry News

Cott Acquires S&D Coffee and Tea

Cott announces acquisition of S&D Coffee and Tea, reports second quarter 2016 results and declares dividend
August 4, 2016
Cott Corporation announced its results for the second quarter ended July 2, 2016, and also announced that it has entered into a definitive stock purchase agreement to acquire S&D Coffee, Inc. ("S&D"), a premium coffee roaster and provider of customized coffee, tea, and extract solutions to the foodservice, convenience, gas, hospitality and office segments in the United States. The purchase price is approximately $355 million, on a debt and cash free basis, and represents a high 6X post synergy adjusted EBITDA multiple.
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Food Industry News

The Puratos Group Receives Vendor Recognition

Piantedosi Baking Company awards Puratos Group with Vendor Excellence
August 4, 2016
During the anniversary breakfast, the Puratos team accepted the award from Carmine Piantedosi (Owner, 4th generation) and Kumar Ponnamalam (Manager of Production), in front of guests and other vendors.
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Food Industry News

Doehler Acquires Teawolf

Teawolf is a manufacturer of botanical extracts and natural ingredients in the United States
August 4, 2016
The global producer, marketer and provider of technology-driven natural ingredients, ingredient systems and integrated solutions for the food and beverage industry has acquired Teawolf, a manufacturer of botanical extracts and natural ingredients in the USA.
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Patrick Cudahy Names New Chef

New chef and brand ambassador, Heath Barbato, is the Lambeau Field Executive Chef for the Green Bay Packers
August 3, 2016
The addition brings two Wisconsin staples together, Patrick Cudahy and the Green Bay Packers.
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Forrest E. Mars, Jr. Dies at 84

Forrest E. Mars, Jr. dedicated himself to building Mars, Incorporated as a principles-led business that creates mutual benefits for all stakeholders
August 2, 2016
Mars a businessman, who together with his brother John and sister Jacqueline, inherited a significant business and grew it into one of the world’s largest and most respected family firms.
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McDonalds_900

Big Changes to McDonald’s Food

McDonald's originally set out to achieve its antibiotics chicken commitment by March 2017
August 2, 2016
McDonald's USA announced a number of moves across its menu as the company continues to evolve.
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Food Industry News

NOVACAP to Sell Idaho Pacific to Arlon Group

Idaho Pacific has been a portfolio company of the NOVACAP Industries III fund since May 2011
August 1, 2016
The Arlon Group is a food and agriculture investment firm with a global network that supports investments across the food supply chain in the Americas
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