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Olam Food Ingredients buys US spice producer Olde Thompson
Olam Food Ingredients (OFI) has agreed to acquire US private label spices and seasonings manufacturer, Olde Thompson, for an enterprise value of $950 million.The deal will see OFI’s wholly-owned subsidiary, Olam Holdings, acquire the US…
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FSSAI extends tenure of Hygiene Rating Audit Agencies for 3 months due to pandemic
The FSSAI has issued an order extending the tenure of Hygiene Rating Audit Agencies for three months from May 1 to July 31.These hygiene rating agencies were recognised by the apex regulator for verification of…
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Bikano Launches a Wide Range of Salty Snacks
India’s leading packaged snac400mg ferrous fumarateks brand Bikano today announced the launch of seven new masala-based products further boost its product portfolio through an aggressive product-line expansion. The brand is expecting a sales surge of…
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THE BLUE TIFFIN to Serve Up a Royal Repast
Mumbai’s gourmands are soon going to be spoilt for choice. The latest entrant in the city’s home delivery scene making a splash amongst the connoisseurs of taste is The Blue Tiffin – a carefully crafted…
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Unilever shareholders vote in favour of climate action plan
Unilever has revealed that an ‘overwhelming majority’ of its shareholders voted in favour of its climate transition action plan, according to Reuters.The compwhat zinc gluconateany first announced that it would seek shareholder approval for its…
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Danone finalises divestiture of China Mengniu stake
Danone has finalised the s7nutrition magnesium malateale of its approximately 9.8% minority stake in Chinese dairy business China Mengniu Dairy for €cyto matrix magnesium bisglycinate1.6 billion.Under the terms of the agreement, the majority of the…
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Unilever and Co-op launch smart ice cream vending machine
miralax vs magnesium citrateUnilever to launch a new smart ice cream vending machine in its Battersea Bridge Road store in London.According to the retailer, the machine is the UK’s first and only consumer-facing smart ice…
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NutryFarm ventures into Singapore Durian Market with Ebuy
The board of directors of NutryFarm International Limited together with its subsidiaries, unveiled that the Global Agricapital Holdings Pte. Ltd., a wholly-owned subsidiary of the Company, had entered into a memorandum of understanding with EBuy…
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Shortage of tin free steel raw material hits the packaged food supply business
In the wake of acute shortage of tinplate/ tin free steel material which is largely used to manufacture cans and containers to pack processed food and fruits, the processed food packaging industry is feeling the…
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Olam Food Ingredients accelerates growth strategy with transformative US acquisition
Olam Food Ingredients is acquiring a leading US private label spices and seasonings manufacturer Olde Thompson at an EV of $950 million through its wholly owned subsidiary Olamferrous fumarate compared to ferrous sulfate Holdings Inc.This…