The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Business
ADM settles SEC probe for $40m as US prosecutors close accounting investigation
ADM has agreed to pay $40 million to settle a US Securities and Exchange Commission investigation into how it reported sales between business units.
UK flavour house JPL Flavours invests £11m in tech-enabled expansion
e site features automated manufacturing, 16 dedicated flavour labs, and a forthcoming digital innovation suite, which includes augmented and virtual reality tools.
Euricom to acquire Ebly, securing EU’s largest ready-to-heat rice facility
Euricom to acquire 100% of Ebly, including the brand and Châteaudun EU rice facility, from Mars and Axéréal Participations.
Mars fraud case exposes risks in commodity and export credit programmes
A former Mars risk manager has been jailed for over five years after defrauding the confectionery group of $28m via export credits and weak internal controls.
Cawston Press moves into no-alcohol beer with acquisition of Loah
British soft drinks maker Cawston Press has entered the fast-growing no- and low-alcohol drinks market with the acquisition of Loah.
Simply Good Foods reappoints Joe Scalzo as CEO
The Simply Good Foods Company has appointed former executive Joe Scalzo as president and chief executive officer, effective immediately.
Smithfield to buy Nathan’s Famous for $450m, securing control of key hot dog brand
Smithfield Foods will acquire US-based hot dog maker Nathan’s Famous in an all-cash deal valued at approximately $450 million.
The Compleat Food Group creates CTO role, brings technical and ESG oversight to board
UK food manufacturer The Compleat Food Group has appointed former Marks & Spencer executive Sue Bell as its first chief technical officer.
Nestlé presses ahead with bottled water carve-out as private equity circles €5bn business
The Swiss giant has invited first-round bids for the water unit, valued at around €5 billion, according to sources, with Rothschild advising on the transaction.
Puratos acquires US nut ingredient specialist Vör Foods to accelerate bakery innovation
Puratos acquires U.S. nut ingredient maker Vör Foods to boost sweet goods innovation and expand its U.S. manufacturing footprint.
Mermaid Gin appoints Moët Hennessy USA veteran as CEO to drive US expansion
Mermaid Gin has tapped former Moët Hennessy USA chief Jim Clerkin as CEO, aiming to accelerate the British premium gin brand’s growth in the US market.
- Page 13