WORLD NEWS
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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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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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Swedish food startup Veg of Lund unveils world’s first potato-based dairy alternative
SWEDEN – Swedish-based food start-up Veg of Lund has unveiled a new dairy alternative made from the humble potato in an effort to minimize the climate impact…
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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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ADM to acquire soy ingredient company Sojaprotein to bolster position in alternative proteins market
SERBIA – Archer Daniels Midland (ADM) has announced plans to acquire Serbia-based non-GMO soy ingredients group Sojaprotein even as it looks to strengthen its position in the alternative…