Tag: financial
Americas: Yogurt maker upgrades plant with US$14.4M
Ultima Foods is investing US$14.4 million to install a new drinkable yogurt production line and optimize operations at its Granby, Canadian plant.
The yogurt...
Americas: Meal delivery service goes for IPO
Meal delivery service Blue Apron has filed an initial public offering or IPO, which is reportedly among the first in this trendy food segment....
Asia Pacific: Masan’s meat business gets second round of funding
Investment firm KKR has pumped a total of US$250 million in Masan Group and in its branded meat platform, Masan Nutri-Science.
KKR’s investment is comprised...
Asia Pacific: Fonterra seeks ‘disruptors’, game-changers
Fonterra has launched Fonterra Ventures Co-Lab for anyone to collaborate with the cooperative on disruptive ideas for mutual benefit.
Individuals, small businesses or large corporates...
Americas: RiceBran Technologies agrees to US$8M private placement
RiceBran Technologies has entered into definitive agreements with a group of accredited investors for the purchase of US$6 million of non-convertible original issue discount...
Europe: Symrise is optimistic of 2016
In the nine-month period, Symrise increased sales by 16 % (in local currency) to €2,192.3 million (US$2,424.59 million, 2015: €1,977.0 million).
Earnings before interest, taxes,...
Asia Pacific: Faltering seafood company gets debt restructing
Singapore's premium seafood supply chain manager, Oceanus Group has entered into a binding term sheet with two of three of its key creditors in...
Europe: GEA reports Q1 order intake of €1.144M
GEA Group Aktiengesellschaft reported order intake of €1,144 million (US$1,292.24 million) for the first quarter of 2016, an increase of 1.5% from the same...
Americas: General Mills’ unit to incubate brands
General Mills' 301 INC, the new business development and venturing unit, announces a strategy focused on building partnerships with emerging food brands to create...
Europe: JBT Corp reports 12.4% increase in revenue for Q3 2015
JBT Corporation reported US$273.3 million in revenue for Q3 2015, which is an increase of 12.4% from Q3 2014.
On a constant currency basis, revenue...