The food industry briefing

The news and data you need to know about the industry

News and numbers


US-based Campbell Soup Company has completed the sale of its European Chips Business to Valeo Foods, a portfolio company of European investment firm CapVest Partners, for approximately £66m ($80m).

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Dutch food ingredient firm Corbion has unveiled its plan to cut one-third of its product-related carbon emissions by 2030.

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Valeo Foods Group has signed a binding agreement to acquire Matthew Walker Christmas puddings business from 2 Sisters Food Group for £67m ($81.8m).

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Aleph Farms produces slaughter-free meat in space

Israel-based cultivated beef steaks producer Aleph Farms has collaborated with Russian company 3D Bioprinting Solutions to produce its first slaughter-free meat in space.

The company said it was successful in producing meat on the International Space Station (ISS), 339km away from any natural resources.

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Swiss-Irish bakery company Aryzta has agreed to sell the majority of its stake in French frozen food firm Picard to Invest Group Zouari (IGZ).

As per the agreement, the bakery company will divest its 43% stake in Picard for a total consideration of €156m ($171m).

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Cargill and IFC to introduce initiatives for cocoa cooperatives

Cargill has renewed its partnership with the International Finance Corporation (IFC) to further strengthen its cocoa-producing cooperatives and their communities, including the Coop Academy 2.0 programme. Under the new partnership, 40 extra cooperatives will be added to the academy, taking the total count of cooperatives to 120.

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Korea lifts import restrictions on beef products from EU Member States

The Republic of Korea is set to allow imports of beef products from certain European Union Member States after lifting restrictions.

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UK campaign raises concern over number of missed food inspections

A Freedom of Information request from the campaign has revealed that more than 50,000 food inspection checks were outstanding in 2017/18. With only 11% of local councils able to carry out planned food checks on time, the campaign has raised concerns that serious hygiene breaches could have been missed. 

Source: New Food

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