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 major moves by Tyson Foods, including a venture into a plant-based shellfish company, as well as innovation investments, the discovery of a drought-resistant gene in barley and much much more.
Well it was certainly a busy week for US-based meat producer Tyson Foods, as the company announced that it had acquired a 40% stake in Brazilian poultry firm Grupo Vibra, and also invested in plant-based ‘seafood’ alternative producer New Wave Foods.
There was another major acquisition in the snacks sector, as Valeo Foods acquired Campbell’s European crisp business for around $66 million.
Meanwhile, in the convenience food sector, Greencore acquired Freshtime UK, a supplier of food-to-go salads, chilled snacks and prepared produce, in a £56 million deal.
There was also a particularly interesting research-based story last week, as scientists in Scotland have identified a gene responsible for drought resistance in barley, which could help future-proof the cereals industry to increasingly dry conditions as climate change gathers pace.
Meanwhile, Pernod Ricard has announced plans to build a malt whisky distillery in Sichuan, China with a $150 million investment for the next decade. According to the global alcohol producer, this facility will be the first distillery in China that is operated by an international spirits and wine group.
There were also a number of research and development investments last week, as Chr. Hansen, Symrise and Conagara Brands all announced major investments in facilities which would boost research and innovation.
All that and more in this week’s podcast.
Presented and edited by: Martin White and Emma Upshall
© FoodBev Media Ltd 2019