ARYZTA, the Zurich-based global food business with a leadership position in speciality bakery, has announced changes to its capital structure along with a strategic review of its investment in joint
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- Ground-breaking Artificial Intelligence platform secures backing from Yorkshire AI Labs IntelliAM, a new Artificial Intelligence platform to help global food and beverage companies cut downtime and boost productivity, has completed an initial fundraising with venture capital funding and tech know-how...
- UK food manufacturers missing out on R&D tax relief With the UK’s love of food and drink, it is no surprise that exciting innovations are always happening in the industry, with food and beverage businesses constantly researching, developing and...
- Tirlán increases revenue by 36% to €3 billion in first year of operation Tirlán (formerly Glanbia Ireland and Glanbia Co-op), Ireland’s largest farmer-owned food and nutrition business, has announced its first Annual Report and Accounts for 2022 showing a revenue rise of 36%...
- Carbery Group sees revenue growth of 31% to over €700 million as profits rise 4% to €52.1 million Carbery Group, the international ingredients, flavours, and award-winning cheese producer, has reported a positive financial performance for the year ended 31 December 2022. Group turnover increased by 31% to €700.8...
- Ornua delivers record turnover of €3.4 billion as Kerrygold celebrates 60 years of global success Ornua, Ireland’s largest exporter of Irish dairy products, has published its operating and financial results for the 12 months ending 31 December 2022 with group turnover rising by 36.7% to...
Food Union Group, an international group of dairy and ice cream producing companies with a strong market share in Northern Europe and Latvia, has received a combined €214 million (US$225
Seeking food and drink’s entrepreneurial stars of tomorrow, The Seed Fund has announced that its annual competition is open for entries from Wednesday 1 February. A philanthropic organisation, which nurtures
Piccolo, the Med-inspired organic baby food brand that has successfully challenged its category with fresh flavours and artisan design, has been selected for the new crowd-funding initiative from AllBright –
The European Investment Bank (EIB) is lending €50 million (some PLN220 million) to dairy co-operative Mlekpol, Poland’s largest dairy manufacturer, for the construction of a powdered dairy production plant in
The European Investment Fund (EIF) and Agrár-Vállalkozási Hitelgarancia Alapítvány (AVHGA) have signed a COSME agreement to enhance access to finance to up to 2,000 small and medium-sized enterprises (SMEs) primarily
Meadow Foods, the UK’s largest independently owned dairy group and a leading supplier of milk and dairy ingredients to the food industry, has completed a strategic investment with Paine &
By Ian Hunter, Senior Equity Analyst at Investec Across our three main businesses in Investec Ireland (Corporate Treasury, Corporate Finance and Wealth & Investment), we have been working with clients
The Irish Government has launched a new €500,000 Enterprise Ireland Competitive Start Fund to support start-up activity in the agricultural and manufacturing sectors. The Enterprise Ireland Fund, which provides €50,000
By Ian Hunter, Senior Equity Analyst at Investec Across our main businesses in Investec Ireland – Corporate Treasury, Corporate Finance and Wealth & Investment – we have been working with
The Irish Government has launched a new Enterprise Ireland Competitive Feasibility Fund for agri-businesses. The Fund, which can provide up to €25,000 per initiative, is aimed at stimulating innovative start-ups
Mark Anthony Group, a privately owned Canadian beverage company, is reported to have invested €5.5 million for a significant but undisclosed stake in Glendalough Distillery, an Irish craft spirits producer
Deliveroo, the global on-demand food delivery service, has announced a $275 million Series E investment, led by Bridgepoint, existing investor DST Global, and General Catalyst with participation from existing investor
The European Commission has presented a new package of measures worth €500 million from EU funds to support farmers in the face of ongoing market difficulties, particularly on the dairy
The European Investment Bank (EIB) has signed a €150 million loan with FrieslandCampina for R&D activities in Europe, its first ever loan to a company in the Dutch agricultural sector.
Kellogg Company is establishing eighteen94 capital (1894) to make minority investments in companies pursuing next-generation innovation, bolstering access to cutting-edge ideas and trends. The investment mandate includes start-up businesses pioneering
International dairy group Arla Foods has successfully priced an issuance of 5-year SEK bonds for a principal amount of SEK1 billion maturing on 31 May 2021 guaranteed by Arla Foods
Unilever has priced €1.5 billion in bonds on the European Markets. The bonds comprise €300,000,000 of 0 per cent Fixed Rate Notes due April 2020, €500,000,000 of 0.5 per cent
The European Investment Bank (EIB) and the International Fund for Agricultural Development (IFAD) have signed an agreement to reinforce and expand cooperation between the two organisations. The agreement reflects the
Halo Business Angel Network (HBAN) Food Syndicate, the all-Ireland group responsible for promoting business angel investment, has announced an investment in Soopa Pets, the maker of healthy and nutritious dog
The European Commission has presented a proposal which leads the way towards greater corporate tax transparency by introducing public reporting requirements for the largest companies operating in the EU. The
English wild game and venison supplier Yorkshire Game has increased turnover by 10% by investing in the latest state-of-the-art processing equipment. The company, which supplies high quality game and sustainable wild
US Agriculture Secretary, Tom Vilsack has announced the availability of $3.4 million for research projects in support of the new
Nestlé has completed its SFr8 billion (€7.4 billion) share buyback programme initiated on 25 August 2014. Since 25 August 2014, Nestlé
Iglo Group, Europe’s largest frozen food business, has implemented a cloud based Treasury Management System (TMS) from Salmon Software. Iglo
U.S. generics manufacturer acquires Tipperary plant to spur European expansion – company expects to hire an estimated 250-300 employees at full build-out.
To meet the two-digit market growth from carbonated soft drinks consumers, Oman Refreshment Company (ORC), a franchisee of PepsiCo International, has recently acquired a new production line from Sidel, the leading global provider of PET solutions for liquid packaging, which will enable the Omani bottler to increase its production capacity.
Technology solutions provider for the liquid foods sector extends product portfolio with addition of Netherlands-based Stork Food & Dairy Systems.
The Irish Government has introduced the new TAMS II Dairy Equipment Scheme which is the second of the new Targeted
Loch Lomond, part of the Loch Lomond Group, has selected Wolters Kluwer’s online accounting service Twinfield UK, for its cloud
Bord Bia (Irish Food Board) has announced a new financial support, entitled the ‘Step Change Programme’, for small Irish food,
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