The food industry briefing
The latest news, trends, and data you need to know about this month
Hilton Food Group has added four factories to its operations with a multi-million-pound deal for Fairfax Meadow, a meat supplier to the UK out-of-home and travel sectors.
Inner Mongolia Yili Industrial Group Co. has struck a deal to buy just over 34% of Hong Kong-listed infant-formula supplier Ausnutria.
Pure Harvest, the agri-food tech business in the United Arab Emirates, has secured more funding to finance its indoor-farming operations in the Gulf Cooperation Council region.
The acquisitive Humble Group in Sweden has struck a deal for Swecarb, the supplier of the Vitargo sports-nutrition brand.
France-based Biscuit International has moved to acquire European peer Continental Bakeries. The deal is set to create a business with 33 factories, a workforce of more than 4,500 and sales of more than EUR900m (US$1.05bn).
TurtleTree Labs, a cell-cultured milk business in Singapore, has won US$30m in new financing from Verso Capital.
Marfrig partners with ADM in Sol Cuisine, Hilary’s plant-based deals
Brazilian meat giant Marfrig Global Foods has struck two plant-based acquisitions with its US joint-venture partner ADM.
JBS moves into cultivated proteins with stake in Spain's BioTech Foods
Brazilian meat major JBS, meanwhile, has extended its global acquisition spree with an agreement to take a majority stake in Spanish cultivated-protein firm BioTech Foods.
Utz Brands strikes again in tortilla chips with RW Garcia deal
US snacks maker Utz Brands has struck again in the tortilla chips category with a deal to buy RW Garcia.
South Korea's SK Group, SPC Samlip in alt-foods tie-up
SK Inc., the investment division of South Korean conglomerate SK Group, has formed a partnership to bring alternative-food products to Asia.
AI is turning consumer goods brands into tech ones – and customers into R&D
AI is changing many industries at breakneck speed and fast-moving consumer goods is no exception.
Read more here on VERDICT