M&As, Funding & Investments
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Plant-based company NotCo raises US$235 million to bolster expansion into new categories
CHILE — Latin America’s fastest-growing food company NotCo has raised US$235 million to bolster its expansion into new categories in North America. The funds were raised in a…
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Brewing group SABC invests in corn processing plant to secure its grits supplies for beer production
CAMEROON – Cameroonian brewing company, Société Anonyme des Brasseries du Cameroun (SABC), a subsidiary of the French company Castel, is set to launch the operations…
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Nestlé invests US$70m to expand US facility as Undercover Snacks secures funds to grow ‘better-for-you’ snack brand
USA – Swiss-based food manufacturing giant Nestle has unveiled plans to invest US$70 million in expanding its facility in Burlington, Food Business News has reported. …
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Arla Foods moves lactofree milk production to UK to meet rising demand for free from dairy products
UK – Arla Foods, one of the largest dairy cooperative in Europe, is moving its lactofree milk production from Denmark and Sweden to North Yorkshire as demand for…
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Zomato becomes first Indian unicorn to go public raising US$1.26B in successful IPO
INDIA – Food delivery start-up Zomato has become the first Indian unicorn to go public, successfully raising over US$1.26 billion in an IPO that was more than…