Forbidden Foods aims to become a “capital light brand manager” in the FMCG sector with this acquisition. Australian healthy nutrition business Forbidden Foods is set to acquire domestic alternative milk producer Oat Milk Goodness (OMG). Forbidden Foods will acquire the oat-milk business for A$3.5m (US$2.3m) as it “plans to leverage its established Australian distribution footprint and relationships with major retail groups”, according to a statement. Plant-based OMG, co-founded by Australian cricketer Steve Smith alongside Tony Adams and Daniel Rootes in 2019, generates annualised revenues of A$1.2m, Forbidden Foods stated in an ASX filing yesterday (14 August). Forbidden Foods CEO Alex…
Roquette has expanded its range of texturising solutions by adding four new tapioca-based cook-up starches. The range includes Clearam TR 2010, Clearam TR 2510, Clearam TR 3010, and Clearam TR 4010. Roquette stated that its tapioca starches were developed to meet the texture requirements of food manufacturers and to complement existing botanical sources within the broader range. The starches can be used in applications such as sauces, dairy desserts, yogurt, and bakery fillings. “Our new tapioca offering represents a significant advancement in food starch technology, providing manufacturers with versatile and high-quality texturising solutions,” said Damien-Pierre Lesot, Head of Product Marketing…
Finnish employee bike benefit pioneer Vapaus has completed a EUR 10 million Series A funding round. This equity-based funding will support international expansion, software development, platform automation, and the growth of its unique PreCycled concept for the second-hand market of bikes. Vapaus has grown sixfold in two years, has become one of the fastest-growing companies in Finland and won gold in the European Startup Prize for Mobility 2023. The investors behind the funding are Shift4Good as the lead investor, Tesi (officially Finnish Industry Investment Ltd) together with European Investment Bank’s co-investment facility EGF and SuperHero Capital. “Sustainable mobility is at…
Duedahl will join the meat processor on 2 September. Danish Crown has appointed an external candidate, Niels Duedahl, as the new CEO of the meat cooperative. Duedahl will assume the role from 2 September, succeeding Jais Valeur, who announced in June that he would be stepping down as chief executive earlier than initially planned. According to a statement, Valeur’s last day at the Randers-headquartered Danish Crown will be 30 August. He has served as CEO since 2015. Chairman Asger Krogsgaard said: “We are facing a new strategy period and are in the initial phase of a significant transformation of Danish…
The farm, which encompasses 400 acres of pastures and hayfields as well as a processing plant, employs approximately 15 people. US-based dairy business Butterworks Farm has been acquired by Anthony Calderaro, Ania Kuniej, and Joseph Calderaro. Financial details of the transaction were not disclosed. The Vermont dairy farm, which produces organic dairy products from the milk of its 76 Jersey cows, had been operated by founders Jack and Anne Lazor for 48 years, along with their daughter Christine Lazor and her husband, Collin Mahoney. The Calderaro family “have ambitious plans to expand Butterworks Farm’s reach, aiming to offer their healthy,…
Lifeway also disclosed its second-quarter results today (13 August), reporting a 25.3% year-on-year increase in net sales to $49.2m. Ludmila and Edward Smolyansky, the largest shareholders in US-based kefir producer Lifeway Foods, have submitted a consent statement seeking to remove the company’s current board of directors, including CEO Julie Smolyansky. The shareholders announced the filing with the US Securities and Exchange Commission today (13 August), thereby launching their “Life Back to Lifeway” campaign. Ludmila and Edward – the mother and brother of CEO Julie respectively – are aiming to bring in leadership “committed to revitalising the company with a strategic…
Expanding Pub & dining group now run 44 venues across London with more to follow London’s leading premium pub and dining group Urban Pubs & Bars has announced its latest pub acquisitions across the capital. The Herne in East Dulwich is an iconic Victorian pub which was built in the mid-19th Century with a huge beer garden that is much loved in the area. Urban Pubs and Bars have already installed a new menu which features pub classic and a hearty Sunday Roast with meat from award winning butcher HG Walter. Urban Pubs & Bars has purchased the site and plan…
It has been a challenging few years for Comvita since the pandemic, culminating in a series of profit warnings and a failed takeover bid. Comvita CEO David Banfield is stepping down, with Chairman Brett Hewlett set to assume the role as the Kiwi Manuka honey producer embarks on a “strategic reset.” The transition, which also includes the position of managing director, will take effect from 31 August. Banfield will transition to a role as a strategic advisor for the Wellington-listed company. Bridget Coates will succeed Brett Hewlett as chair, while the composition of the board will be reduced from eight…
Steve Loftus joined Sun-Maid in 2022 as Chief Operating Officer and President. US snacks business Sun-Maid Growers of California has promoted Chief Operating Officer Steve Loftus to the position of CEO. Loftus first joined the California-based farmer’s cooperative as President and COO in 2022. He previously held roles at Kraft Heinz in finance and general management. Most recently, before joining Sun-Maid, he served as Vice President and General Manager of the condiments business unit at private-label giant TreeHouse Foods. “I am honoured to assume the role of CEO and grateful for the support of the board and our grower-members,” said…
Partnership will enable users to instantly scan spaces and then experiment with lighting solutions to find the optimum design Metaroom by Amrax, a spatial 3D data capture company, has announced a partnership with the world’s largest lighting design software provider DIALux. The tie-up will enable users to send 3D scan data from Amrax’s Metaroom solution directly to DIALux’s planning software. This new feature will be available from mid-September with the release of DIALux evo 13. This allows the fast creation of precise and detailed light plans for each room. Scans* can be made in a matter of minutes on any Apple…
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