Tune into the latest edition of FoodBev’s weekly podcast, where we take an in-depth look at some of the biggest stories from the food and beverage industry over the last week.
This week’s podcast features an investment in a 3D printed meat firm, the appointment of a new CEO at Rémy Cointreau, more significant acquisitions and, as always, some exciting new product releases.
One of the biggest stories from last week saw US-based ice cream manufacturer Wells Enterprises acquire low-calorie ice cream brand Halo Top from Eden Creamery for an undisclosed figure. Halo Top was one of the first major brands to build a strong presence in the low-calorie ice cream space, and is now North America’s sixth-biggest ice cream brand.
Elsewhere, Rémy Cointreau has appointed Eric Vallat as its new group CEO, effective from 1 December 2019. Vallat will succeed Valérie Chapoulaud-Floquet, who has served as the company’s CEO since 2014.
Meanwhile in the dairy sector, San Francisco-based start-up New Culture has raised $3.5 million in a seed funding round led by Kraft Heinz’s Evolv Ventures arm. New Culture was founded in 2018 after graduating from the biotech accelerator program IndieBio, and the company uses fermentation instead of animals to make dairy proteins.
Another company that is aiming to change the way that the industry operates is Israel-based Redefine Meat. Last week, the company raised $6 million in a seed funding round led by CPT Capital, Hanaco Ventures and the PHW Group. Redefine Meat has developed a process which combines a 3D meat modelling system and plant-based food formulations to produce animal-free ‘meat’.
In other news, a new study sponsored by Chr. Hansen has revealed that taking probiotics can reduce the duration, frequency and severity of flu-like sickness resulting in significant savings for the US economy. Data gathered by the study shows that in the US alone, taking probiotics could reduce the number of sick days by over 54 million days per year, a reduction of 61%.
All that and more in this week’s podcast.
Presented and edited by: Martin White and Emma Upshall
© FoodBev Media Ltd 2019