WORLD NEWS
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IFF plans for comprehensive business restructuring to reduce costs
US – Multinational Flavors & Fragrances giant, IFF, is set to undertake a comprehensive restructuring of its business, where it will reduce headcount to optimize…
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Pernod Ricard to build US$250m carbon-neutral distillery in Kentucky
US- Pernod Ricard plans to invest more than US$250 million over five years in building a carbon-neutral distillery in Kentucky that will include technologies like…
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Israeli cultivated meat company Believer Meats to build US$123M plant in North Carolina
USA – Believer Meats, an Israel-based food technology company that specializes in cultured meat, is expanding its operations in the United States with plans to…
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JBS to acquire assets from TriOak Foods to strengthen control over the supply chain
USA – Brazilian multinational meat processing company JBS has moved to secure its supply chain by acquiring certain assets of Iowa-based pork producer TriOak Foods…
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Ferrero acquires ice cream maker Wells Enterprise to better compete in US market
USA – Italian confectionery giant Ferrero has struck a deal to buy Iowa-based ice cream maker Wells Enterprises to enhance its chances of successfully taking…