The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Funding & Investments
Paleo raises €2 million in funding to progress precision-fermented myoglobin solutions
Belgian food-tech start-up Paleo has raised €2 million to support the commercial scale-up of its animal-free heme proteins, made using precision fermentation.
JBM Packaging opens new Ohio facility to expand contract packaging and filling capacity
JBM Packaging has opened a new 52,500-square-foot facility in Lebanon, Ohio, expanding its contract packaging, filling and kitting capabilities.
Nestlé to invest more than $350m into nutrition and health business in Brazil
Nestlé is investing approximately $383 million into its nutrition and health business in Brazil, including the construction of a new infant formula manufacturing facility.
FrieslandCampina completes major investments at Gerkesklooster cheese site
FrieslandCampina has completed two investment projects at its Gerkesklooster cheese production site in the Netherlands.
David Protein owner Medici Brands raises $250m in Series B funding round
US-based Medici Brands, the parent company of nutrition brand David Protein and newly launched confectionery brand HallPass, has raised $250 million in Series B financing.
Rowan Glen invests £1m in Scottish dairy factory expansion
Rowan Glen is investing more than £1 million in its Palnure manufacturing site in Dumfries & Galloway, as it prepares to expand beyond yogurt into new dairy categories, including cottage cheese.
Yorkshire potato supplier invests £1.65m as Aldi partnership drives growth
A family-owned Yorkshire potato supplier is investing £1.65m in automation and future growth.
Mycoprotein maker Maash secures €12.5m, welcomes former Enough Foods exec as new CEO
Maash – a start-up with operations in Belgium and France, focused on developing mycoprotein ingredients for the food industry – has secured a €12.5 million funding package to accelerate its next phase of growth.
Iowa backs ADM’s $55.5m precision fermentation expansion
The IEDA Board has approved incentives for a $55.5 million expansion by ADM.
Äio and TFTAK secure €1.94m to enhance microbial oil production
Estonian biotechnology start-up Äio has teamed up with research organisation TFTAK (Center of Food and Fermentation Technologies) to launch a three-year R&D project focused on microbial oil production.
Constellation Brands commits $100m to US farmers supplying beer industry
Constellation Brands is to invest an additional $100 million over the next five years to support farmers in the US.
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