Arden Agrees to Sale for $394 Million
LOS ANGELES — Arden Group here, parent company of Gelson’s Markets, said late Friday it has entered into a definitive agreement to merge the 17-store chain into TPG, a global … Continue Reading →
Tag: million
Nestlé opens €50 million pizza factory in Germany
Nestlé has inaugurated a €50 million extension to its Wagner frozen pizza factory in Germany. IFT Daily News
Instacart Delivery Service Raises $8.5 Million
SAN FRANCISCO — Instacart, a seven-month-old service here that offers same-day delivery of groceries from multiple local stores, announced that it has partnered with Sequoia Capital and raised $ 8.5 … Continue Reading →
Nestlé invests $29+ million to strengthen supply chain in Russia
Nestlé is investing more than CHF 29 million ($ 29.8 million) in new distribution facilities in Russia to meet growing demand for its products in the country. IFT Daily News
Fresh & Easy Donates Over $2.1 Million to Schools
EL SEGUNDO, Calif. — Fresh & Easy Neighborhood Market here announced it is giving more than $ 2.1 million to local schools through its fifth-annual “Shop for Schools” program. read … Continue Reading →
Cuisine Solutions opens $30 million plant in Virginia
Cuisine Solutions, a provider of prepared gourmet entrees, sauces and other menu items to foodservice providers, has announced the opening of a new $ 30 million plant in Sterling, Va. … Continue Reading →
Monell receives $1 million to research salty taste
The Monell Center has received $ 1 million from food chemistry consultant Louise Slade to support Monell’s fundamental research program on the mechanisms of human salt detection and perception. IFT … Continue Reading →
Innophos Holdings acquires Triarco Industries for $46 million
Innophos Holdings Inc., an international producer of nutritional specialty ingredients, has completed the acquisition of the business and assets of Triarco Industries Inc. IFT Daily News
FAO to invest $3 million in poultry farming in Equatorial Guinea
The government of the Republic of Equatorial Guinea and the Food and Agriculture Organization of the United Nations (FAO) have signed an agreement that calls for the FAO to invest … Continue Reading →
$500 Million Settlement for Hallmark Meat Company in Abuse Case
A landmark $ 500 million settlement has been reached against a meat packing company found to have abused its animals, according to the Humane Society of the United States. read … Continue Reading →