The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Finance
ADM’s CFO Luthar to resign as US government investigation looms – Reuters
ADM has announced that its chief financial officer Virkam Luthar will resign from his role, effective from 30 September 2024.
Mission Foods plans to invest MXN 792m to build new snack production facility
Mission Foods Mexico plans to invest MXN 792m (approx. $46.3m) to build a new snack production plant and expand its existing corn and wheat tortilla facility in Puebla, Mexico.
TDR Capital to buy Zuber Issa’s 22.5% Asda stake – Bloomberg
Private equity firm TDR Capital is closing on a deal to buy billionaire Zuber Issa’s stake in UK supermarket giant Asda, according to reports by Bloomberg.
IW Capital injects further £3m into Daily Dose
IW Capital has announced a further £3m investment into Daily Dose, a UK-based cold-pressed juice and functional drinks company.
Windfall Bio secures $28m in Series A funding to advance methane capture technology
Windfall Bio, a provider of methane-to-value solutions, has closed a $28 million Series A funding round led by Prelude Ventures.
Full Glass Wine raises $14m in funding, acquires Bright Cellars
Full Glass Wine, a brand acquisition and management firm focused on acquiring DTC wine companies, has closed a $14m Series A funding round.
McDonald’s to buy back Israeli franchise restaurants
McDonald’s Corporation has signed an agreement with Alonyal, the owner of its franchise restaurants in Israel, to buy back all its restaurants in the country.
BioConsortia raises $15m in funding for advanced microbial solutions
US agricultural technology company BioConsortia has raised $15m in a funding round led by Otter Capital.
Ivory Coast raises cocoa farmgate price by 50%
The Ivory Coast has increased the official cocoa farmgate price to CFA 1,500 ($2.46) per kg, a 50% increase on the previous CFA 1,000 price.
Mars invests over $70m in US site to support innovation
Mars has announced an over $70m investment in its Hackettstown, New Jersey, US, site to enhance innovation and manufacturing.
ADM reports Q4 2023 results, announces share repurchase agreement
ADM has published its financial results for the quarter and full year 2023, reporting a lower-than-expected fourth quarter profit.
- Page 8