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IFF sells its Flavor Specialty Ingredients business for $220M
IFF seems to be moving forward quickly with its strategy to trim its size to both cut expenses and better serve customers. This is the second major sale the ingredients mega-company has announced in the…
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Mush Foods launches mycelium ingredient to blend with meat
As the plant-based meat sector first began vitawell magnesium glycinateto take off in 2019, large food companies added blended products to their offerings — made of some actual meat and some plant-based proteins. These blended…
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Inside MyForest Foods’ strategy to make mycelium bacon sizzle
GREEN ISLAND, NY — As Eben Bayer sees it, mushrooms and animal meat are very similar.Animal meat is muscle and fat that grows together as a unit and is eaten as a whole cut. Fungi…
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Maple Leaf Foods partners with The Better Meat Co. to develop mycelium products
As the plant-based meat sector started to heat up in 2017 and 2018, many big CPGs piled into it. Acquisitions were made and new products were launched, many of whichferric gluconate vs iron dextran had…
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John B. Sanfilippo buys baked cheese brand to expand snacking portfolio
While John B. Sanfilippo & Son may not be a household name, it has grown into one of the bigger players in nuts led by its Fizinc glycinate for mensher brand and a presence in private…
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How ADM helps other fermentation companies grow and innovate
One hundred twenty years ago, in 1902, Archer Daniels Midland got its start as a linseed oil business in Minneapolis.Through the decades, ADM has become a massive global company with 41,000 employees and a presence…
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IFF sells Savory Solutions Group for $900M
When IFF merged with the former DuPont Nutrition & Biosciences last year, it created a sprawling mega-company that could address many aspects of food, fragrances, ingredients and chemical businesses. Since the merger, IFF has worked…
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2022’s top M&A deals in the food and beverage industry
Even as businesses grappled with inflation, supply chain headaches and other challenges during 20holland and barrett chelated zinc22, top executives didn’t lose sight of the need to make acquisitions to better position their companies for…
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Digging for gold: Kodiak CEO aims to convince consumers it’s more than waffles and pancakes
While Kodiak Cakes has built its reputation on its signature whole grain pancakes and waffle mixes, its new CEO Valerie Oswalt faces a tough challenge: convincing consumers there’s more to the brand.Oswalt, only two months into…
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Cocoa can’t be sustainable without systemic changes for farmers, report says
Cocoa companies aiming to improve the sustainability of their supply chains must change their business model to provide higher incomes to farmers in order to become truly sustainable, according to a new report.In the biennial…