Chobani rejects PepsiCo’s majority stake offer
According to Bloomberg, Chobani, the Greek-yogurt maker, has rejected an offer from PepsiCo to take a major stake in the company. IFT Daily News
Category: IFT
New launches blur the line between supplements, food
The market for dietary supplements has seen strong growth in recent years, reflecting increasing consumer concerns about the adverse effects of busy lifestyles and stress on health, as well as … Continue Reading →
Teens, young adults remain loyal to Chipotle
Chipotle’s recent series of food safety outbreaks rattled its investors and enough of its customers to see visits decline, but the chain’s strong base of teens and young adult customers … Continue Reading →
Scientists develop transgenic plants to improve drought resistance
A study published in the Proceedings of the National Academy of Sciences shows that engineering plants to produce high levels of a protein known as PYL9 may boost drought tolerance … Continue Reading →
Coca-Cola invests in Nigeria’s Chi
Coca-Cola and Tropical General Investments Group (TGI Group)—the holding company of Chi, Nigeria’s leading dairy and juice company—have announced a binding agreement for Coca-Cola to acquire an initial minority equity … Continue Reading →
ADM acquires Harvest Innovations
Archer Daniels Midland (ADM) has reached an agreement to purchase a controlling stake in Harvest Innovations, a manufacturer of minimally-processed, expeller-pressed soy proteins, oils, and gluten-free ingredients. IFT Daily News
USDA awards $30+ million in food safety, plant health grants
U.S. Agriculture Secretary Tom Vilsack has announced an award of $ 30.1 million in competitive grants to fund 80 research projects to improve food safety, reduce antibiotic resistance in food, … Continue Reading →
NSF International to acquire Euro Consultants Group
NSF International, a food safety auditing, training, and consulting organization, is in the process of acquiring Euro Consultants Group (ECG), a food safety and quality service company based in Wavre, … Continue Reading →
Grocers, retailers up their prepared food game
The Food Marketing Institute (FMI) and Technomic have released results of a survey detailing the sophistication of supermarket fresh prepared foods among 28 grocers/retailers, representing 8,000 stores, and substantiated the … Continue Reading →
ChemChina to acquire Syngenta for $43+ billion
Syngenta, a Swiss-based agriculture company, has announced that Beijing-based ChemChina has offered to acquire the company at $ 465 per ordinary share plus a special dividend of CHF 5 to … Continue Reading →