Monday, November 30, 2020

Danish Crown outlines investment projects

Pork processor Danish Crown has outlined its investment plans for next year, including a key project in Germany.

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FrieslandCampina continues cost cutting measures in Germany

Dutch dairy giant FrieslandCampina plans to eliminate jobs in a European market as it accelerates cost-cutting measures due to Covid-19.

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Canada to pay trade deal-linked compensation to food suppliers

The government of Canada has announced an investment package to support dairy, poultry and egg farmers impacted by trade deals.

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Spain's Vall Companys singles out China as key focus of new commercial arm

Vall Companys Group, a meat processor in Spain, has launched a new commercial division to expand its presence in overseas markets.

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Unilever completes unification process

Anglo-Dutch consumer goods giant Unilever has issued an update on its unification process in a statement to the London Stock Exchange.

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Modern Meat marks Australia entry with co-packing deal

Modern Meat, a manufacturer of plant-based products and sauces in Canada, has entered another international market.

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Friday, November 27, 2020

Intersnack buys stake in popcorn firm Natais' parent

Germany-based snacks giant Intersnack, home to brands to including Pom-Bear and KP Nuts, has bought a minority stake in a popcorn supplier.

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Greencore CEO's confidence grows amid capital raise despite near-term uncertainty

Patrick Coveney, the UK private-label manufacturer's chief executive, speaks to just-food about the company's near-term outlook and a move to raise capital through a share issue.

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UK coalition's fear over Government food-standards pledge

A new UK coalition formed to check the Government's approach to food standards has issued a critical report related to future trade deals.

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Greencore CEO's confidence grows amid capital rise despite near-term uncertainty

Patrick Coveney, the UK private-label manufacturer's chief executive, speaks to just-food about the company's near-term outlook and move to raise capital through a a share issue.

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Two Kepak plants in UK hit by Covid-19

Kepak, the Ireland-based meat processor, has seen an outbreak of Covid-19 at two UK processing plants situated at opposite ends of the country.

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Livekindly outlines Oumph market expansion plans

The Livekindly Collective, the US-based meat-free business, is lining up possible new markets for its Oumph brand in 2021.

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Thursday, November 26, 2020

Lactalis in 'stand off with Canadian grocers over shipment fines'

The Canadian division of French dairy giant Lactalis is reportedly embroiled in a row with the country's supermarkets. 

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Australia's Peters Ice Cream to be prosecuted by competition watchdog

Australia's competition watchdog has initiated Federal Court proceedings against local business Peters Ice Cream.

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France's Lea Nature acquires local honey business Famille Mary

Compagnie Léa Nature, a France-based organic food business, has acquired a local honey specialist, it has revealed.

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Nestle reveals Zimbabwe expansion plans

Nestlé is investing more than US$2.5m in a cereal manufacturing plant in a southern Africa market, it has announced.

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Singapore's Temasek partners with A*Star for food-tech innovation hub

Singapore plans to set up a tech centre to help nurture companies manufacturing alternative food products.

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New products - Good Hemp adds oats to hemp-based milk range; Mondelez extends BelVita range in Australia; Aunt Millie's unveils Live bread; Jude's moves into custard category

Our selection of new products this week includes new BelVita products in Australia from Mondelez International and US-based Aunt Millie's launching the Live bread sub-brand.

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Bega Cheese confirmed as Lion Dairy & Drinks' new owner

Australia's Bega Cheese winds the day in a long-running episode to acquire a local business in food and beverages. 

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Unilever to acquire US vitamins business SmartyPants

Anglo-Dutch consumer goods giant Unilever is to beef up its health and wellness offering through the acquisition of a US-based vitamins business.

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UK's Cranswick invests in new bacon plant for foodservice

UK food manufacturer Cranswick is due to open a new plant next year producing cooked bacon for the out-of-home channel.

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Wednesday, November 25, 2020

Fresh funding for Canadian condiments firm Mother Raw

The fledgling firm has closed its Series A round and is looking to speed up its growth in North America.

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Fortune International buys US meat and seafood peer Neesvig's

US-based Fortune International, an importer, processor and distributor of seafood and meat products, has acquired a local peer.

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Hormel Foods outlines demand dynamics across channels from Covid vaccine

US major Hormel Foods has outlined how demand is likely to pan out in retail and foodservice next year, when it is hoped a vaccine will quell coronavirus.

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Shenandoah Valley Organic to build second poultry plant in Virginia

Shenandoah Valley Organic, a US poultry producer along ethical lines, is expanding in its home town of Virginia.

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McCormick reveals plans to boost newly-acquired Cholula brand

US spice and sauce giant McCormick has outlined how it plans to grow the business of its new acquisition, hot sauce brand Cholula.

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New products - Gerber launches subscription boxes; Mondelez extends BelVita range in Australia; Aunt Millie's unveils Live bread; UK's Jude's moves into custard category

Our selection of new products this week includes new BelVita products in Australia from Mondelez International and US-based Aunt Millie's launching the Live bread sub-brand.

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Nestle to sell Yinlu business in China to Food Wise Co.

Nestlé is to sell a business unit n China that has been on the blocks for some time to Food Wise Co., it has announced.

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Mondelez mulling future of two US biscuit plants

Confectionery heavyweight Mondelez International is considering closing two US biscuit facilities, it has announced.

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Czech consortium confirms interest in Fortenova frozen-food assets

The potential sale of Fortenova Group's frozen-food business has moved to the second round of bids, a suitor for the Croatia-based company's assets has confirmed to just-food.

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Lactalis union deal ends strike at Australia plant

Industrial action at one of the French dairy giant's plants in Australia has come to an end following agreement with worker representatives.

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Tuesday, November 24, 2020

US keto brand Health Via Modern Nutrition completes new funding round

California-based better-for-you bar maker Health Via Modern Nutrition (HVMN) has received a funding boost.

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At-home consumers drive J.M. Smucker to lift forecasts

J.M. Smucker, the US manufacturer behind brands including Uncrustables and Jif, today (24 November) set out new forecasts for annual sales and underlying earnings.

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US CBD firm Vertical Wellness acquires The Organic Candy Factory

Vertical Wellness, a US firm specialising in health and wellness products based on cannabinoids, has acquired a local better-for-you confectionery business.

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McCormick & Co. to buy hot-sauce maker Cholula from PE firm L Catterton

US spice and sauce giant McCormick & Co. is to acquire a hot-sauce company from local private-equity firm L Catterton.

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Lion Dairy sale to Bega Cheese not done deal, says Kirin

Japan's Kirin Holdings has responded to speculation its Lion Dairy & Drinks business in Australia is to be sold to Bega Cheese.

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Aryzta makes new appointments in pursuit of asset-disposal plan

Aryzta has made two appointments to support its asset-disposal plan in pursuit of a simplified business model to turn around its financial performance.

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Lion Dairy sale to Bega Cheese not a done deal, says Kirin

Japan's Kirin Holdings has responded to speculation that its Lion Dairy & Drinks business in Australia is to be sold to Bega Cheese.

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Monday, November 23, 2020

Greencore plans share issue after FY profits tumble

The UK-listed private-label manufacturer today (23 November) announced plans to raise cash by issuing new shares in the business, citing the "ongoing uncertainty" caused by Covid.

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Ghana hits out at chocolate companies over farmers' prices

Ghana has reportedly accused some in the chocolate industry of a "ploy to derail" government attempts to improve income for farmers.

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Manufacturers, ad industry criticise UK plan for online ban

UK manufacturers, the foodservice sector and advertisers have written to Boris Johnson to complain about proposals to ban online adverts promoting food high in fat, sugar and salt.

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New products - Mondelez extends BelVita range in Australia; Aunt Millie's unveils Live bread sub-brand; UK's Jude's moves into custard category

Our selection of new products this week includes new BelVita products in Australia from Mondelez International and US-based Aunt Millie's launching the Live bread sub-brand.

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Spangler Candy Co. buys Bit-O-Honey brand from US peer Pearson's

US confectionery business Spangler Candy Company has acquired the Bit-O-Honey brand from a local peer.

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Tiger Brands cuts 400 jobs as annual profits plummet

South Africa's Tiger Brands has cut hundreds of jobs right across the business as annual profits dropped linked to Covid-19 disruption.

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Modern Meat solidifies US entry with Real Vision Foods co-packing deal

Modern Meat, a manufacturer of plant-based products and sauces in Canada, has solidified its entry to the US on the back of a deal with JDW Distributors.

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HelloFresh acquires US ready meals firm Factor75

German meal-kit firm HelloFresh has acquired a US ready-to-eat meal company in a deal worth up to US$277m.

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Meat group Marfrig invests in capacity expansion

Marfrig Global Foods, a meat processor based in Brazil, is expanding capacity across two plants in one of its South American markets.

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Danone to axe jobs in post-Covid shake-up

The yogurt and baby-food maker wants to build a "local-first" organisation, with the company's CEO insisting the group needed to reinvent itself.

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Aryzta confirms "proposed" offer from fund manager Elliott

Another disclosure from Aryzta emerged this morning (23 November), with a previous suitor apparently still interested in buying the European bakery giant.

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Bega Cheese 'agrees deal for Australia's Lion Dairy & Drinks'

Australia's Bega Cheese has reportedly emerged as the buyer of the local dairy and beverages business of Japan's Kirin Holdings.

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Bayn Europe buys sugar-free sauces firm Golden Athlete

Bayn Group has continued its acquisition spree outside of its core ingredients business with a binding agreement for a company in Europe.

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Friday, November 20, 2020

UK egg group Noble Foods 'eyeing sale of desserts brand Gu'

The owner of The Happy Egg Co. eggs is reported to be looking to offload another of its brands and to have appointed advisers to run an auction.

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Almarai CEO Majed Mazen Nofal resigns for personal reasons

Almarai is seeking a new chief executive to head up the Saudi Arabia-based food and drink business following the departure of its CEO after only 11 months in the role.

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Aryzta labels talk of new Elliott bid "speculation"

The European bakery giant has responded to a report it has received a takeover bid from US fund manager Elliott Management.

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Ferrero to expand US chocolate production

The Italy-based food major, which has expanded significantly in the US in recent years through M&A, is investing in its manufacturing in the country.

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New products - Beyond Meat picks China to debut 'pork' mince; Gerber hits frozen aisle; Mondelez launches dual-branded biscuit; Bob's Red Mill rolls out grain-free baking mixes

This week's selection of new products includes US-based Gerber's frozen Freshful Start Bowls and Bites and a new hybrid cookie product in Spain from Mondelez.

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Century Pacific Food claims first with UnMeat brand in Philippines

Century Pacific Food, a meat and seafood products manufacturer in the Philippines, has entered a new category in the protein sector.

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Aryzta announces departure of CEO Kevin Toland

Aryzta has announced some senior management changes at the Europe-based bakery business after appointing advisors last week to oversee asset disposals.

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Saputo 'no longer in running for Lion Dairy & Drinks'

Dairy giant Saputo is reportedly out of the running to buy another asset in one of the Canada-based group's main overseas markets.

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Thursday, November 19, 2020

US snackers will return to healthier options post-Covid, suppliers say

US consumers who have turned to comfort foods during Covid-19 will again seek better-for-you snacks once the pandemic is over, manufacturers have told an investor conference.

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High Road Craft Ice Cream eyes US$100m sales in three years

The US manufacturer, which has just bought another manufacturing facility, has set a date by which it hopes to achieve US$100m in sales. 

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Old World Spices and Seasonings gets cash injection from Shore Capital Partners

Old World Spices and Seasonings in the US has received an undisclosed cash injection from a private-equity investor to expand the business.

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South Africa's RFG Holdings to close plant under consolidation plan

South Africa's RFG Holdings is consolidating manufacturing with a plan to close a pies and bakery plant.

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Lartigue et Fils buys French charcuterie peer Tradition de Vendee

Lartigue et Fils, a France-based food-manufacturing SME, has acquired a local business in a bid to bolster its position in charcuterie.

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New products - Beyond Meat chooses China to debut 'pork' mince; Gerber hits frozen aisle in US; Mondelez launches dual-branded biscuit; Soupologie snack pots

This week's selection of new products includes US-based Gerber's frozen Freshful Start Bowls and Bites and a new hybrid cookie product in Spain from Mondelez.

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Wednesday, November 18, 2020

Unilever's Ben & Jerry's to pay farmers more for cocoa

The US ice-cream business, owned by Unilever, is to change what it pays farmers in Côte d'Ivoire for cocoa beans.

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South Africa's RCL Foods launches strategic review

South Africa's RCL Foods said it is in the early stages of a review to assess options for its diversified portfolio.

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UK's 'green industrial revolution" plan criticised for absence of food objectives

An environmental not-for-profit organisation has criticised a new ten-point "green industrial revolution" plan unveiled by UK Prime Minister Boris Johnson today (18 November).

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Kraft Heinz to restart ketchup production in Canada after six-year absence

US food major Kraft Heinz has announced a new project in Canada for the production of sauces at one of its plants.

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Gathered Foods owners take Wicked Foods to US

Wicked Foods, a plant-based snacks and ready-meals brand created by the founders of Gathered Foods, is launching in a new market.

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Israel's Aleph Farms unveils cell-cultured beef prototype

Aleph Farms, a cell-cultured meat start-up in Israel, said it has come up with a prototype for its first beef product.

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Canada's Modern Meat buys snack brands from US group JDW Distributors

Modern Meat, a Canada-based business specialising in plant-based meat alternative products, has completed its acquisition of brands from a US better-for-you snacks firm.

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Unilever eyes five-fold jump in annual plant-based sales

Unilever has laid out a target for sales of plant-based meat and dairy products along with a new environmental initiative.

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Mars snaps up remainder of US snacks maker Kind

The confectionery giant, which acquired a minority stake in Kind three years ago, has lifted its interest in the US snack-bar firm.

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Nordic food groups HKScan, Apetit forge plant-based products deal

Finland-based food group HKScan has inked a commercial cooperation agreement with a local peer, it has announced.

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Tuesday, November 17, 2020

Oscar Mayer targets meat-free sales with purchase of UK ready-meals plant

UK private-label business Oscar Mayer is acquiring a new plant in north Wales to expand its product offering to retailers.

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Tyson Foods looks to vaccine to reignite depressed chicken sales

Tyson Foods is hoping a coronavirus vaccine will lead to an improvement in its chicken business in the US meat giant's new financial year.

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The Very Good Food Co. turns to markets again to fund new plant

The Very Good Food Co. is turning to the stock market again to raise funds to partly finance improvements at a newly-acquired facility.

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New products - Gerber hits frozen aisle in US; Mondelez launches dual-branded biscuit; UK's Soupologie rolls out better-for-you snack pots

This week's selection of new products includes US-based Gerber's frozen Freshful Start Bowls and Bites and a new hybrid cookie product in Spain from Mondelez.

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Monday, November 16, 2020

Investcorp buys majority stake in Singapore food manufacturer Viz Branz

Bahrain-based investment group Investcorp has acquired a majority stake in a Singapore food and beverage manufacturer.

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China leads RCEP trade deal in Asia Pacific

A new trade pact in the Asia Pacific region was agreed at the weekend with special provisions for the least-developed countries in ASEAN.

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B&G Foods president and CEO Kenneth Romanzi steps down

US consumer goods group B&G Foods has announced it is seeking a new recruit to fill the roles of president and CEO.

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Hearthside Food Solutions adds capacity at US plant

Hearthside Food Solutions, an investor-backed contract manufacturer in the US, plans to add a new production line to one of its facilities.

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Hearthside Food Solutions adds capacity at Michigan plant

Hearthside Food Solutions, an investor-backed contract manufacturer in the US, plans to add a new production line to one of its facilities.

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Nestle reveals new names for Australia candy brands

Nestlé has revealed the new names for two confectionery brands in Australia put under review during the summer due to concerns over racial stereotyping.

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Friday, November 13, 2020

Costa Group COO Sean Hallahan promoted to chief executive

Costa Group, the Sydney-listed fresh fruit and vegetable supplier, has promoted from within to fill the CEO role of the retiring Harry Debney.

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Australia's Buderim in capital-raising exercise to support new identity, strategy

Australia's Buderim Group in Queensland is seeking to raise new capital to support its new business plan.

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Cargill sells Venezuela assets

The US agri-food behemoth has decided to offload its business in a Latin American market that has proven problematic for international FMCG companies in recent years.

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Northern Ireland 'could get temporary reprieve on food border checks'

Food retailers in Northern Ireland could reportedly be given a grace period to adjust to what may amount to costly border checks on imports coming from Britain post-Brexit.

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Haribo to close plant in Germany

The privately-owned German sweets giant is planning to shut a factory in its domestic market, citing a profitability review of its sites in the country.

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Bega Cheese wins the day over legal spat with Kraft Heinz

An application from US food major Kraft Heinz for a right of appeal in a legal dispute with Bega Cheese has been rejected by a high court in Australia.

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Celery Root and Potato Rösti Recipe

Serves 4-6
Prep time: 20 minutes
Total time: 1 hour

Ingredients

for the dressing:
½ cup|140 grams sour cream 
2 tablespoons|40 grams tablespoons ketchup 
1 tablespoon Dijon mustard 
½ tablespoon horseradish 
½ teaspoon Worcestershire sauce 
¼ teaspoon garlic powder 
⅛ teaspoon smoked paprika 
kosher salt and freshly ground black pepper, to taste

for the rösti:
1 ½ pounds|685 grams (about 3) russet potatoes, peeled and coarsely grated
8 ounces|200 grams (about ½ small) celery root, peeled and coarsely grated
1 red onion, thinly sliced 
3 tablespoons minced chives, plus more to garnish 
2 teaspoons kosher salt 
¼ teaspoon freshly ground black pepper, to taste 
2 large eggs, lightly beaten
6 tablespoons|85 grams unsalted butter
2 tablespoons vegetable oil 
pastrami gravlax, to serve
lemon wedges, to serve

Directions

  1. Make the dressing: In a medium bowl, mix together the sour cream, ketchup, mustard, horseradish, Worcestershire, garlic powder, paprika, salt, and pepper. Cover and refrigerate until ready to use.
  2. Make the rösti: Rinse the potatoes and celery root in a colander under cold water until the water runs clear. Squeeze out as much moisture as possible, then pat dry with a clean kitchen towel. Place the potato and celery root mixture in a large bowl and toss with the red onion, chives, salt, pepper, and eggs.
  3. Melt 3 tablespoons of the butter with 1 tablespoon of the oil in a large nonstick skillet over medium. Using an offset spatula, press the celery root and potato mixture into an even layer in the skillet and cook, rotating the skillet frequently to avoid hot spots, until golden on the edges (take a peek and make sure it’s golden underneath, too, and not burning!), 12 to 15 minutes. Run a rubber spatula around the edges of the rösti, then place a plate on the skillet and invert the rösti onto the plate.
  4. Melt the remaining butter with the remaining oil in the skillet. Slide the rösti back into the skillet, golden side up, and cook until cooked through and the underside is golden, about 15 minutes more. Remove the rösti by flipping it back onto the plate and season with salt.
  5. Transfer the rösti to a cutting board to cool slightly, then cut into wedges. Sprinkle with the chives and serve with the dressing, gravlax, and lemon wedges.

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New products - US vegetarian-foods manufacturer Keystone Natural Holdings adds to brand roster; Mars reveals confectionery NPD; Arla adds yogurt to Lactofree

This week's batch of new product launches includes new confectionery from Mars, Arla adding to its lactose-free dairy range and The Collective entering the dairy-free category.

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Italy's Gastronomica Roscio sells majority stake to DeA Capital

Gastronomica Roscio, an Italian manufacturer of chilled and frozen ready-meals, has given up a stake in the business to a private investor.

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Kate Farms backed by Goldman Sachs for medical nutrition applications

Kate Farms, a US business engaged in plant-based food applications for people with medical conditions, has received new investment.

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Aryzta hires Houlihan Lokey, Alantra for "asset disposals"

Aryzta has indicated it plans to press ahead with "asset disposals" after a potential takeover deal with a US-based hedge fund fell through. 

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Thursday, November 12, 2020

Hain Celestial readies another disposal amid "strong quarter"

The US-based manufacturer, busy reshaping its portfolio in recent quarters, looks set for another disposal, its CEO hinted, after outlining the group's "best quarter" for years.

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US food trade body expects tougher regulation under Biden

Consumer Brands Association, the US body representing food and beverage companies, has briefed members on the regulatory regime it expects to see under President-elect Joe Biden.

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Australia's Freedom Foods 'in talks over recapitalisation plans'

Australia's Freedom Foods Group is reported to be in talks with named funders as part of its efforts to recapitalise the group.

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Utz extends M&A spree with deal for On the Border snacks owner Truco Enterprises

US-based snack maker Utz Quality Foods has extended its acquisition spree with a deal for a domestic peer.

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Saputo amongst three would-be buyers linked to Lion Dairy and Drinks deal

A report from Australia has suggested that the owner of Lion Dairy and Drinks has received three bids for the business, including one from North America.

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Emmi to modernise Swiss cheese plant

Swiss dairy firm Emmi plans to invest in a local facility to replace an ageing cheese wing as it aims to expand its production capabilities.

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New products - Mars reveals slate of confectionery innovation; Mondelez licences Milka for Pascual shakes; Arla adds yogurt to Lactofree; The Collective's dairy-free Plant yogurts

This week's batch of new product launches includes new confectionery from Mars, Arla adding to its lactose-free dairy range and The Collective entering the dairy-free category.

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PepsiCo adds to e-commerce service with trial of micro-fulfillment centre in Illinois

PepsiCo has added a new capability to its e-commerce service to help meet demand from consumers during the pandemic.

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Wednesday, November 11, 2020

Strike hits Lactalis facility in Australia

The privately-owned French dairy titan has seen staff walk out at a plant in Australia amid claims of a wage dispute.

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Nordic meat group Scandi Standard signs plant-based R&D deal

The Nordic group says it's "in the process of developing a business plan for the introduction of plant-based products".

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US ice-cream firm Crave Better Foods buys Solero fruit bars assets

Crave Better Foods has acquired a brand in its domestic market as part of the US ice-cream products supplier's belief consumers want "strong brands made with elevated ingredients".

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US sweeteners group Whole Earth Brands snaps up Swerve

Recently-formed US sugar and sweeteners group Whole Earth Brands has bought a business in its domestic market, its first acquisition as a public company.

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The Very Good Food Co. takes lease on new Canada plant

The Very Good Food Co. in Canada has secured a lease on a new pre-built production facility as the meat-alternative start-up expands capacity to meet rising demand.

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Wessanen becomes Ecotone, reveals new mission-driven status

Wessanen, the Netherlands-based food business that went private last year under new ownership, has changed its name.

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UK government puts unhealthy food advertising ban out to consultation

UK government has taken further action in regard to its proposals to ban online adverts promoting food high in fat, sugar and salt.

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Synlait Milk kicks off capital-raising exercise amid outlook for lower profits

Synlait Milk has announced details for a capital-raising exercise to support investment plans for the New Zealand business.

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Tuesday, November 10, 2020

McCormick chief upbeat on future for home-cooking

Lawrence Kurzius, the CEO of US spices and sauces giant McCormick, discussed outlook for home-cooking, for e-commerce – and for foodservice.

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Finance jobs emerge as proposed FrieslandCampina job cuts

The Dutch dairy major is planning to cut around 1,000 jobs across its operations and has already revealed where more than 100 could be axed.

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Mondelez invests in Israel snacks start-up Torr

The US giant has put seed money into an Israel-based snacks start-up, which, the Oreo owner claims, can "offer multi-textural, sensorial experiences".

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Saputo enters row over Canadian grocers' fee hikes

Canadian dairy giant Saputo has responded to a move by some of the country's largest grocers to hike the fees they charges suppliers for stocking their products.

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Saputo "excited" by acquisition opportunities

Canadian dairy major Saputo has outlined its future acquisition strategy in a post-results call with analysts.

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Danone in legal spat with Land O'Lakes over licensing agreement

Land O'Lakes, a US agri-food business with a focus on dairy, has responded to allegations made by Danone over a licensing agreement.

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Orior outlines new strategy with provision for bolt-on acquisitions

Orior has outlined a five-year strategy for the Switzerland-based food producer, which as well as new financial targets includes a provision for acquisitions.

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Tyson Foods to invest in Asia, Europe production

The US meat giant is stepping up its investment in its overseas production, both in conventional and alternative protein, its international chief tells just-food.

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Retaliatory EU tariffs on US food items take effect in spat over subsidies

The European Union is to go ahead and hit imported US goods with tariffs in a long-running spat over aircraft subsidies.

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FrieslandCampina eyes 1,000 job cuts as Covid-19 accelerates shake-up

Hundreds of jobs at FrieslandCampina could go as the Dutch dairy giant accelerates moves to cut costs and "optimise" its business.

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Canada's Premium Brands, First Nations groups to acquire seafood business Clearwater

Premium Brands, the Canada-based food group, has linked up with a Mi'Kmaq First Nations Coalition to acquire a local seafood heavyweight in a CAD1bn (US$768.7m) deal.

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Monday, November 9, 2020

Vivartia owner prolongs exclusive deal talks with CVC

The owner of Vivartia has granted a request from a private-equity house interested in the Greece-based food manufacturer to extend their exclusive talks over a possible takeover.

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UK manufacturers Addo Food Group, Winterbotham Darby to merge under new owner PAI Partners

The owners of two UK-based chilled food group have sold the companies to private-equity firm PAI Partners, which plans to merge the businesses.

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PAI Partners buys majority of Spanish seafood group Angulas Aguinaga

Angulas Aguinaga, the Spain-based seafood group, has a new, private-equity, majority shareholder, it has been announced.

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Canada's Premium Brands Holdings says pandemic has opened up M&A opportunities

Premium Brands Holdings CEO George Paleologou has indicated M&A opportunities are still on the table as the Canadian firm invests in adding production capacity.

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Tyson Foods launches plant-based brand Raised & Rooted in Europe

Meat giant Tyson Foods is launching a range of plant-based products into a clutch of markets outside the US.

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Nomad Foods to buy Findus Switzerland from Froneri

UK-headquartered Nomad Foods has unified one of its major brands by acquiring assets in Switzerland from ice-cream giant Froneri.

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A Tiny New Publisher Is Making Food Books to Raise Money for Restaurants

In line with the experience of many people this year, Melbourne-based freelance creative director Vaughan Mossop struggled to find jobs in March as a result of the COVID-19 pandemic. But eight months later, Mossop's new micropublishing company, Somekind, isn't just making a mark in Australia, where it's raised upwards of $200,000 for the hospitality industry—it's also taking its crowdfunded, community-focused food books to the United States.

Despite his own work situation, Mossop worried for his friends in hospitality who still faced large overhead costs despite pandemic-related closures and restrictions. "I thought, well, what can I do to help?" he said. "The idea I had was: If there's one thing I know how to do, it's make cookbooks." Mossop has spent most of his career in publishing—he's worked on Aaron Turner's Igni, which Saveur described in 2017 as maybe "the most beautiful cookbook we've seen in years"—as had co-founder Simon Davis, who worked on Josh Niland's award-winning The Whole Fish Cookbook. Mossop said, "I could make these standardized paperback cookbooks where I would flip the publishing model on its head a bit and give the majority of profit to the venues." 

Despite what all those fantastical stories of rich writers like Carrie Bradshaw would have you believe, writing is not a particularly lucrative path for the vast majority of people, with many authors earning just a 10 percent royalty from their books. Somekind wants to create an alternative: Its paperback books rely on a crownfunded profit-share model that pays 40 percent of the proceeds to authors and splits the rest equally between Somekind and contributors like editors and designers. "The reason why we exist is because we wanted to create this model that was actually giving back to the community—and funding money back into the community—rather than giving 90 percent to a publisher," Mossop said. 

Each $20 paperback in Somekind's flagship Takeaway series focuses on a restaurant or bar, and the proceeds of each book go directly to that business. After Somekind identifies a business to partner with, it opens up pre-orders for its book online. Unlike standard publishing, which prints inventory after banking on a specific amount of interest, Somekind prints books on demand. If the book gets 100 orders in the 10-day pre-order period announced on social media, Somekind begins production. Over eight to 12 weeks, the company works with these food businesses to create a 96-page book with their recipes, stories, and advice, and at the end of it all, Somekind counts up sales and distributes the funds. Books get restocked as long as authors want them available on the website, and Somekind pays out monthly.

There are some tradeoffs to this printing model, of course. Without the time and financial resources of a traditional publisher, Somekind's books don't have the glossy finishes, large size, or heavily produced photos of traditional cookbooks, but to Mossop, that gives them a nostalgic appeal: They're the size of a Penguin Classic, with black-and-white pages full of illustrations and photos taken by the restaurants themselves (that's, in part, a workaround after lockdowns prevented photoshoots). As a personal touch, the first 100 people to support a book are credited in its pages. 

This simple but unconventional strategy has been a success, and as of October 1, Somekind had hit $200,000 in proceeds for Australian businesses, from the high-end, wood fire-focused Ester in Sydney; to the acclaimed Chinese restaurant Lee Ho Fook in Melbourne; to the oceanside Tropicana Pizza Pizza in the coastal town of Woy Woy, and more. "This is about community, so it's about finding the smaller venues that are important to their community rather than just the places with all the awards," Mossop said. That's why, for their new push into the American market, Somekind decided to work with Michelle Mungcal and Ken Concepcion of the Los Angeles culinary bookstore, Now Serving

The pair's curated selection starts with Kato, a Michelin-starred Taiwanese restaurant in a strip mall in West LA, and Sonoratown, a small taqueria known for its grilled beef and fresh flour tortillas. Thanks to their local knowledge, Somekind's Takeaway LA series will be full of joints Mossop likely wouldn't have found without being embedded in the local scene. The idea of community extends to who's supporting the books. Since restaurants benefit from book sales, they're more likely to promote the books on their own platforms, so fans of the restaurants can buy them to support the places they know and love.

Things have moved fast for Somekind, which is now Mossop's full-time job. Though he initially thought they "might sell a couple of hundred [books] and it might help [restaurants] to keep the lights on for a week," the demand was "pretty extraordinary," he said. Somekind's approach toward community-based efforts fits into a broader push over the coronavirus pandemic: From neighborhood fridges holding free food to mutual aid networks providing local relief efforts, people everywhere are stepping up in new ways to help each other where traditional systems are falling short. 

Eight months into the project, the business model feels solid, though Mossop said the company's success relies on its rapid expansion—hence the current move into the US. Plus, he said, "Venues around the world aren't doing the greatest right now, and obviously, the US seems to be pretty hit pretty hard." While $20 books won't save the American restaurant industry when what it needs is government support, Somekind's venture will test how much people really want to support their favorite haunts. "You just have such an amazing food scene," Mossop said, "and it would just be a shame to see some of these places dwindle." 



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TreeHouse insists margins, not pantry-loading, drove move for Ebro pasta assets

TreeHouse Foods CEO Steven Oakland has provided more commentary around last week's deal to acquire pasta assets from Ebro Foods.

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B&G Foods expects work-from-home trend to continue post-vaccine

US-based B&G Foods has predicted what will happen in regard to the work from home trend if a vaccine is found for Covid-19.

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Pastrami Gravlax Recipe

Makes about 1 ½ pounds gravlax
Prep time: 15 minutes
Total time: 2 days

Ingredients

for the cure:
2 cups|300 grams kosher salt 
1 cup|190 grams light brown sugar 
1 tablespoon freshly ground black pepper
1 tablespoon ground coriander 
1 tablespoon garlic powder 
1 tablespoon mustard powder
1 tablespoon smoked paprika
2 pounds|925 grams good quality skin-on center-cut salmon, pin bones removed 
¼ cup|60 ml fresh lemon juice (about 2 lemons) 
2 shallots, thinly sliced

for the rub:
1 tablespoon black peppercorns, toasted 
1 tablespoon brown mustard seeds, toasted 
1 tablespoon coriander seeds, toasted  
1 ½ teaspoons smoked paprika 
3 tablespoons molasses

Directions

  1. In a large bowl, stir together the salt, brown sugar, black pepper, garlic powder, coriander, mustard powder, and paprika.
  2. Pat the salmon dry. In a small bowl, combine the lemon juice and shallots. Place the salmon in a shallow baking dish and rub the shallot mixture all over the salmon. Pour half of the dry rub on a piece of plastic wrap and place the salmon on top. Spread the remaining dry rub and any shallot that fell off on top of the salmon, covering it completely. Wrap the salmon tightly in plastic wrap and place it back in the baking dish, skin-side down. Weigh the salmon down with a plate topped with 2 or 3 cans and refrigerate for 36 hours.
  3. Unwrap the salmon and drain the liquid from the baking dish. Rinse off all of the dry rub, discard the shallots, and pat the salmon dry. Transfer the salmon to a clean baking dish.
  4. Place the peppercorns, mustard seeds, and coriander seeds in a mortar and pestle and crush, then stir in the paprika. (Alternatively, pulse in a food processor until roughly chopped.) Brush the molasses all over the skinless side of the salmon, then sprinkle over the spice rub in an even layer. Refrigerate, uncovered, for 12 hours.
  5. Using a long, sharp knife, cut the salmon from the top and crosswise into very thin slices, wiping the knife clean with a damp towel in between slices. The gravlax will keep, covered and refrigerated, for up to 5 days.

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Keytone Dairy agrees private-label contract with New Zealand's Foodstuffs

New Zealand food manufacturer Keytone Dairy has won a private-label production and supply contract estimated at NZD7.1m (US$4.8m).

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Friday, November 6, 2020

Nestle makes Mindful Chef latest D2C acquisition

A week after announcing the acquisition of US meals delivery firm Freshly, the world's largest food maker has bought control of a D2C business in the UK.

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Nomad Foods sees early signs of elevated demand linked to second Covid wave

Nomad Foods, the European frozen food firm, has described the impact it is seeing on demand from the second coronavirus wave and how its plant-based business performed.

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Bonduelle confident under-pressure mushroom asset can recover

Bonduelle has plans to get part-owned mushroom processor on firmer financial footing, the deputy CEO of the France-based vegetables giant tells just-food.

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Universal Robina brushes off Griffin's Foods sale talk

Universal Robina Corp. has issued a statement in response to media reports on the future for its New Zealand-based snacks business Griffin's Foods.

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Aryzta reveals preferred board candidates ahead of AGM

Aryzta, the European bakery business, has this morning (6 November) put forward its board selections ahead of next month's annual general meeting.

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UK bakery business Hovis sold to PE firm Endless

UK bread maker Hovis has ended months of speculation by revealing this morning (6 November) the winning bidder for the business.

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New products - Unilever's fortification move on Royco; Califia's plant-based Oat Drink hits UK; Bimbo's organic bread for kids; Gosh enters snacking

This week's new product launches that caught the eye include an organic bread for kids introduced in the US by Grupo Bimbo and a new vegan-friendly snacks range from the UK's Gosh.

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Thursday, November 5, 2020

Main Street Gourmet backs US in-store bakery peer Biscotti Brothers

US in-store bakery supplier Main Street Gourmet has invested in a local peer in a bid to broaden its product and customer set.

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TreeHouse Foods to acquire US pasta brands from Ebro Foods

US private-label manufacturer TreeHouse Foods has acquired a batch of pasta brands sold in its domestic market.

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Fortenova confirms frozen-food businesses on block

Croatia's Fortenova Group has revealed its intentions in regard to its frozen-food businesses, which have been linked to a possible divestment.

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Utz Brands raises FY forecasts on back of strong Q3

US snacks business Utz Brands has adjusted its forecasts for annual net sales and adjusted earnings after releasing its third-quarter results.

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Bakkavor seeks permanent recruits for UK desserts factory

Bakkavor, a private-label manufacturer and supplier to major UK supermarkets, is hiring permanent workers for a site in the south-west of England.

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Hovis 'in advanced talks to sell to PE firm Endless'

Hovis is reportedly negotiating a deal with a private investor to acquire the bread maker, pushing Italy's Newlat down the pecking order.

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Hovis said to be in "advanced talks" with investor Endless ahead of Newlat

Hovis is reportedly negotiating a deal with a private investor to acquire the bread maker, pushing Italy's Newlat down the pecking order.

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New products - Califia's plant-based Oat Drink hits UK; Bimbo's organic bread for kids; Gosh enters snacking with Snack Bites; Finsbury Food links up with Diageo on chocolate bars

This week's new product launches that caught the eye include an organic bread for kids introduced in the US by Grupo Bimbo and a new vegan-friendly snacks range from the UK's Gosh.

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Wednesday, November 4, 2020

Chile's NotCo makes US bow with plant-based milk

Chile plant-based business NotCo has expanded outside of South America for the first time since its launch.

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Continental Grain invests in co-manufacturer Multifoods

Continental Grain Company, a private investor in New York, has taken a financial interest in a South American food and beverages business.

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The Fillo Factory gobbles up gluten-free firm GeeFree Foods

GeeFree Foods, a US supplier of frozen, gluten-free foods, has been acquired by its co-manufacturer, the companies have announced.

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Australia's My Muscle Chef gets private-equity investment

My Muscle Chef, an Australian supplier of prepared meals and protein shakes marketed on their health credentials, has secured fresh investment.

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Unifrutti takes controlling stake in Italy's Oranfrizer

Unifrutti Group, a fresh fruit cultivator and retail supplier headquartered in Cyprus, has taken a controlling interest in a citrus fruit grower.

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Mexican Pizza Recipe

Makes 7
Prep time: 20 minutes
Total time: 1 hour

Ingredients

for the refried beans:
2 tablespoons lard or bacon fat
1 small yellow onion, diced
2 tablespoons minced cilantro
1 garlic clove, roughly chopped
1 (15-ounce|425 gram) can pinto beans, with their liquid
kosher salt, to taste

for the enchilada sauce:
1 ½ tablespoons vegetable oil
1 ½ tablespoons all-purpose flour
2 teaspoons chili powder
½ teaspoon ground cumin
¼ teaspoon garlic salt
¼ teaspoon onion powder
1 cup|250 ml chicken stock
¾ cup|200 ml tomato purée 
kosher salt, to taste

for the beef:
8 ounces|225 grams ground beef
¾ teaspoon garlic salt
¾ teaspoon ground cumin
¾ teaspoon onion powder
¾ teaspoon paprika
½ teaspoon cayenne pepper
½ teaspoon ground coriander
1 tablespoon vegetable oil
1 ½ teaspoons cornstarch
kosher salt and freshly ground black pepper, to taste

for the tortillas:
¾ cup|280 ml vegetable oil
14 (6-inch) flour tortillas
kosher salt, to taste

for the pizza:
½ cup|55 grams finely shredded mozzarella cheese
½ cup|55 grams finely shredded Monterey Jack cheese
½ cup|55 grams finely shredded cheddar cheese
2 tomatoes, diced

Directions

  1. Make the refried beans: Heat the lard in a small saucepan over medium-high. Add the onion and cook until golden, 4 to 5 minutes. Stir in the cilantro and garlic and cook for 1 minute longer, or until fragrant. Add the beans with their liquid and bring to a boil. Reduce the heat to maintain a simmer and cook, covered and stirring occasionally, until the beans are incredibly soft, about 10 minutes. Using an immersion blender or food processor, purée the beans until smooth, then season with salt and pepper. Keep warm.
  2. Make the enchilada sauce: Heat the oil in a small saucepan over medium heat. Add the flour and cook 2 minutes, then stir in the chili powder, cumin, garlic salt, and onion powder. Cook 1 minute more, then slowly whisk in the stock until thick. Add the tomatoes and bring to a low simmer. Cook, stirring occasionally, until thick, 5 to 7 minutes. Season with salt and pepper and keep warm.
  3. Make the beef: In a medium bowl, combine the beef, garlic salt, cumin, onion powder, paprika, cayenne, and coriander. Cover and refrigerate for 30 minutes.
  4. Heat the oil in a medium skillet over medium-high. Add the ground beef and cook, breaking up the pieces with the back of a wooden spoon, until browned, about 7 minutes. Mix the cornstarch with ¼ cup|60 ml water and add to the beef; bring to a boil. Cook, uncovered and stirring occasionally, until thick, about 4 minutes. Season with salt and pepper and keep warm.
  5. Prepare the tortillas: Heat the oil in a medium skillet over medium. Prick each tortilla with a toothpick several times and, working in batches, cook one tortilla, flipping once, until slightly crispy, 1 to 2 minutes. You may need to prick the tortilla as it cooks to pop any bubbles that develop as you go. Cook one tortilla, flipping once, until slightly crispy, 1 to 2 minutes. Using tongs, transfer to a paper towel-lined plate and season with salt. Repeat with remaining tortillas.
  6. Assemble the pizza: Heat the oven to 350°F. Spread 3 tablespoons of refried beans on half of the tortillas, leaving about ½-inch border. Dollop each with 2 tablespoons of the beef, then another tortilla. Spread ¼ cup|60 ml of the enchilada sauce over each, then a heaping tablespoon of each of the cheeses. Sprinkle with some tomatoes and transfer to a baking sheet. Bake until the cheese has just melted, about 6 minutes. Cut into quarters and serve.

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Newlat wants exclusive Hovis talks

Newlat, the Italy-based food manufacturer, today (4 November) provided an update on its interest in UK bakery business Hovis.

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US snacks firm Benestar Brands snaps up Pretzilla brand owner Miller Baking

Benestar Brands, an investor-backed US snacks firm, has acquired a local business manufacturing pretzel buns.

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Tuesday, November 3, 2020

Ireland's Broderick's rejects reports of insolvency

Broderick's, the Ireland-based chocolate food products group, has reacted to reports it has sought court protection because it is in a precarious financial position.

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Norwegian seafood firms Nergard Holding, Norsk Sjomat merge

Two Norwegian seafood businesses have merged operations in a move the new group claims will strengthen the enlarged business and create jobs.

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New products - Grupo Bimbo's Disney-themed organic bread; UK's Gosh enters snacking category with Snack Bites; Finsbury Food Group links up with Diageo on Baileys chocolate bars

This week's new product launches that caught the eye include an organic bread for kids introduced in the US by Grupo Bimbo and a new vegan-friendly snacks range from the UK's Gosh.

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Noble Foods-backed Plant Heads claims UK first with vegan egg NPD

UK start-up business Plant Heads has launched what it claims is a market first with its product Crackd.

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Alt-meat firm Meati Foods raises millions in funding round

US alternative meat start-up Meati Foods has raised multi-millions in a Series A funding round, it has announced.

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Mondelez organic Q3 sales beat analyst forecasts

Mondelez International, the snacking and confectionery major, has beat analyst consensus forecasts for the third quarter.

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Aryzta shareholders seeking further board changes

Swiss-Irish bakery group Aryzta has revealed proposals made by two of its largest shareholders to be considered at its AGM next month.

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Tiger Brands expects earnings to be down on last year

Tiger Brands, the South African food business that sold its processed meat operations during the summer, has issued yet another profit warning.

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Mondelez guides to cooling fourth-quarter organic growth

Mondelez International has guided to slower organic revenue growth for the fourth quarter amid a cooling in emerging markets.

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Thai Union sets up new Singapore subsidiary to tap into food-tech

Seafood giant Thai Union Group has announced it has established a new subsidiary in South-east Asia to tap into regional developments in food-tech.

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Monday, November 2, 2020

Pilgrim's Pride eyes M&A for more balanced portfolio

US meat heavyweight Pilgrim's Pride has commented on whether acquisition activity could be a way to create a more balanced portfolio.

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Canada's Giannone Poultry announces plant closure months after purchase

Giannone Poultry, the Canada-based meatpacker, has announced it is to close a domestic plant it only acquired in July.

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Maruha Nichiro to sell Peter Pan Seafoods to Alaskan investors

Japan seafood giant Maruha Nichiro is to sell its US-based Peter Pan Seafoods business, it has announced.

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Candy maker Regal Confections sells majority stake to PE firm Clearspring Capital Partners

Regal Confections, a candy distributor and branded and private-label manufacturer in Canada, has sold a portion of the company to a private investor.

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German organic business Biovegan acquired by investor Finexx

Biovegan, a manufacturer of organic, vegan and gluten-free baking products in Germany, has been taken over by an investment firm.

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Baked Sweet Potatoes with Miso and Sesame Recipe

Serves 4
Prep time: 10 minutes
Total time: 1 hour and 15 minutes

Ingredients

4 sweet potatoes 
6 tablespoons|90 grams unsalted butter, at room temperature
6 tablespoons|113 grams white miso
¾ teaspoon wasabi paste
1 tablespoon toasted black sesame seeds, plus more to garnish
1 tablespoon toasted white sesame seeds, plus more to garnish
2 scallions, thinly sliced

Directions

  1. Heat the oven to 400°F.
  2. Using a fork, puncture holes all over the potatoes. Wrap each in foil then transfer the potatoes to a sheet tray and bake until a fork can easily be inserted, about 1 hour. Let rest until they are cool enough to handle.
  3. Meanwhile, In a medium bowl, mix together the butter, miso, and wasabi. Stir to combine, then transfer to a piece of plastic wrap. Form the butter into a log and wrap tightly. Chill until solid. 
  4. To serve, unwrap the foil from each potato and cut the potatoes down the middle. Equally divide the miso-butter to each potato. Garnish each with the sesame seeds and the scallions to serve.

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Amy's Kitchen to set up another production site

The US family-owned manufacturer is lining up investment in production, with Covid-19 a factor in the decision.

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Ornua to expand UK cheese facility to meet Covid-linked demand surge

Irish dairy cooperative Ornua Foods is to invest in a UK cheese facility to meet increased demand linked to changing consumption patterns as a result of Covid-19.

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UK agrees to make food-trade body permanent

A body set up to advise on the impact of future UK trade deals on the agri-food sector is to have its status changed, the country's government has announced.

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Denmark's Good Food Group snaps up honey producer Jakobsens

The Good Food Group, a food company in Denmark, has acquired a honey business in Europe for an undisclosed sum.

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Sealaska buys majority of UK's New England Seafood International

Sealaska, a sustainable investment business in Alaska, has taken a stake in a London-based company supplying the retail and foodservice channels.

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Canada food retail body issues own call for grocery code of conduct

Canada's largest retail trade body has joined calls for a grocery code of conduct – although its demands have sparked concerns at one le...