Eight Fifty Food Group, a leading supplier of both branded and own-label seafood and pork controlled by CapVest Partners, the international private equity investor, has acquired Carroll’s Cuisine from Carlyle Cardinal Ireland, for an undisclosed consideration. Carroll’s is a leading producer of cooked meats and convenience food in the Republic of Ireland. The business employs…

ARYZTA, a global food business with a leadership position in speciality bakery, has announced that it has reached agreement with Lion Capital and Invest Group Zouari (IGZ) to sell its remaining 4.64% interest in Picard, the French frozen food company, for €24 million. The transaction is expected to close early in the first quarter of…

Israel-based Aleph Farms and Mitsubishi Corporation’s Food Industry Group have signed a Memorandum of Understanding (MoU) to bring cultivated meat to the Japanese table. Aleph Farms will provide its proven, scalable manufacturing platform (BioFarm™) for cultivation of whole-muscle steaks. Mitsubishi Corporation will provide its expertise in biotechnology processes, branded food manufacturing, and local distribution channels…

Mondelēz International has acquired Hu (as in “Human”) Master Holdings, the parent company of Hu Products, a fast-growing US-based snacking company offering high-quality snacks made from simple ingredients. Financial terms of the deal were not disclosed.

The Irish Government has launched a new €100 million Scheme for the food processing sector, in recognition of the sector’s unique exposure to the impact of Brexit. The new Capital Investment Scheme for the Processing and Marketing of Agricultural Products will be managed by Enterprise Ireland and is now open for applications.

Despite a very demanding year, Norway exported 2.7 million tonnes of seafood worth NOK105.7 billion (€10.2 billion) in 2020. This is the second-highest value ever and equates to 37 million meals every day throughout the year or 25,000 meals per minute. The total volume of seafood exports increased by 2 per cent in 2020, while the…

Flavorchem, an established leader in the manufacturing of flavor, ingredient, and color solutions, has released its 2021 Trends & Flavor Forecast. As the food industry evolves in the wake of coronavirus, changing consumer trends will transform the future of food and drink. Flavorchem analyzed the newest product releases, market intelligence reports, data sources,…

When it comes to cocoa and chocolate, sustainability is taking on increased importance, influencing consumers’ purchase decisions and their perceptions of the brands they buy. New research from Cargill finds consumers look for products with sustainability credentials and are willing to pay more for brands that invest in environmental or social initiatives that…