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The food industry briefing
The news and data you need to know about the industry
News and numbers
130,763lb
US-based Conagra Brands decides to recall nearly 130,763lb of frozen non ready-to-eat chicken bowl products as they may contain extraneous material, specifically small rocks.
75%
Global ingredient solutions provider Ingredion reaches an agreement for an undisclosed figure to acquire a 75% stake in stevia sweetener producer PureCircle.
$100m
UAE-based fresh produce company Pure Harvest Smart Farms secures a multi-stage investment guarantee of more than $100m from Kuwait’s Wafra International Investment Company.
$455m
Turkey-based confectionery and biscuits business Ülker Bisküvi signs $455m loan agreement to repay debt and fund capacity and innovation investments.
$14m
Hunter Street Partners and CapitalView Investment Partners agree to provide a $14m senior-term loan to aquaculture products producer Hyde Road Agricultural Associates.
$42.5m
Canadian organic food and beverages manufacturer SunOpta recieves $42.5m investment in the form of equity financing to support expansion in the plant-based arena.
€4.6bn
Unilever announces the completion of its acquisition of Horlicks and other consumer nutrition products from GlaxoSmithKline. Unilever said the "total consideration for the transaction" was around €4.6bn
FURTHER READING
Consumers think it is 'vital' we build strong local food networks
According to a survey conducted by the Free Range Dairy Network, 68% of consumers have said they now realise how important the domestic food supply is, with 75% of shoppers believing it is vital we build strong local food networks.
Source: Free Range Dairy Network
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