McKee Foods to invest $102 million in Tennessee facility
According to the Times Free Press, McKee Foods has announced it is investing $ 102 million and creating about 50 new jobs over the next five years in its Collegedale, … Continue Reading →
Tag: million
Kerry makes three acquisitions for $735 million; establishes Health and Nutrition Institute
Kerry has announced the acquisitions of U.S. based Red Arrow Products, Island Oasis, and Biothera’s Wellmune business, expanding the Group’s portfolio of taste and nutrition solutions for global food, beverage, … Continue Reading →
Nestlé to invest $70 million in U.S. Product Technology Center
Nestlé Health Science is investing $ 70 million to create a Nestlé Product Technology Center (NPTC) at the New Jersey Center of Excellence in Bridgewater, N.J. IFT Daily News
ADM invests $2 million in Illinois food incubator
According to the Herald & Review, Archer Daniels Midland (ADM) will invest $ 2 million in the National Foodworks Services (NFS), a food incubator with the mission to expand and … Continue Reading →
Cargill to invest $111 million to convert Nebraska plant
Cargill is investing $ 111 million to convert its ground beef plant at Columbus, Neb., to a cooked meats facility and relocate ground beef production currently taking place there. IFT … Continue Reading →
Mondelez opens $30 million chocolate production line in Poland
Mondelez International has opened a new $ 30 million chocolate production line in Skarbimierz, Poland, to capitalize on growing demand in its European confectionery business. IFT Daily News
Kraft Heinz recalls 2+ million lb turkey bacon
Kraft Heinz Foods is recalling approximately 2,068,467 lb of turkey bacon products that may be adulterated because it may spoil before the “Best When Used By” date. IFT Daily News
Flowers Foods acquires Dave’s Killer Bread for $275 million
Flowers Foods has announced a definitive agreement to acquire Dave’s Killer Bread, an organic bread company in the United States, from its existing shareholders for approximately $ 275 million in … Continue Reading →
Europe wastes 22 million tons of food a year
According to a study published in Environmental Research Letters, the European Union wastes about 22 million tons of food a year and Britain wastes the most. IFT Daily News
Dr Pepper Snapple Group invests $20 million in sports drink
Dr Pepper Snapple Group (DPS) has reached an agreement to make an equity investment in BA Sports Nutrition, owner of BODYARMOR SuperDrink, a line of premium sports drinks. IFT Daily … Continue Reading →