WORLD NEWS
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Unilever to sell struggling tea business to CVC Capital Partners for US$5B
UK – British multinational consumer goods company, Unilever Plc has agreed to sell its global tea business to CVC Capital Partners for 4.5 billion euros…
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PFF Group expands packaging portfolio with acquisition of Sirap UK
UK – PFF Group, one of the UK’s largest independent food packaging manufacturers, has acquired the UK arm of the Italian Sirap Group to expand presence in the UK thermoformed…
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J.M. Smucker invests US$1.1B in new facility to support growth of Uncrustables brand
USA — American consumer goods company The J.M. Smucker Co. is investing US$1.1 billion in a new manufacturing facility in McCalla, Alabama. A statement from the company…
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Kemin invests US$40m in new facility to produce natural ingredients for meat and seafood
USA – Kemin Industries, a leading global ingredient manufacturer, is breaking ground on a new manufacturing site to produce clean label enhancement ingredients for meat…
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GrubMarket to accelerate growth following US$200m Series E funding round
USA – Farm-to-table food delivery service GrubMarket is bound for further growth following a successful series E funding round where it raised US$200 million. The…