Mondelez International has announced an investment of more than $ 130 million in its North American biscuits business as the company continues its journey to modernize its manufacturing assets and … Continue Reading →
Cargill announced that it will invest $ 30 million and enter into a joint venture with Naturisa to build a shrimp feed facility near Guayaquil, Ecuador. IFT Daily News
Nestlé is investing $ 120 million in a new manufacturing facility in Dubai to produce coffee and culinary products and cater to rising demand throughout the Middle East. IFT Daily … Continue Reading →
McCormick & Co. has signed an agreement to acquire 100% of the shares of One World Foods, a privately held company located in Austin, Texas, that sells Stubb’s barbecue sauces. … Continue Reading →
According to Reuters, Ferrero International—the Italian firm behind Ferrero Rocher chocolates and Nutella spread—has agreed to buy British chocolate retailer Thorntons for $ 178 million. IFT Daily News
Nestlé is strengthening its ice cream business in China with a more than $ 16 million investment in its factories in Tianjin and Guangzhou. IFT Daily News
Mondelez International has begun to make and sell Oreo in Morocco after investing almost $ 11 million in a local production facility to create the company’s largest Oreo production line … Continue Reading →
Nestlé CEO Paul Bulcke has opened a production plant for decaffeinated coffee beans in the Dong Nai province of South-East Vietnam, its first in Asia. IFT Daily News
Tate & Lyle, a global provider of ingredients and solutions to the food and beverage industries, has announced plans for a further expansion of its operations in Lafayette, Ind., investing … Continue Reading →
Chobani announced that it has secured a $ 750 million loan from private equity firm TPG Capital, which it intends to use to add new products and expand its markets … Continue Reading →
