CHICAGO — ADM has agreed to acquire Revela Foods, which develops and manufactures dairy flavor ingredients and systems. Revela Foods, a New Heritage Capital portfolio company based in New Berlin, Wis., has projected sales of nearly $240 million in 2023.…
CHICAGO — Quaker Oats, owned by PepsiCo, Inc., has issued a voluntary recall of select granola bars and cereals in the United States, Puerto Rico, Guam and Saipan, citing potential contamination with Salmonella. Quaker said there have been no confirmed…
VANCOUVER, BC. — Plant-based seafood company Konscious Foods is adding to its foodservice portfolio with more than 10 new products. The frozen offerings include salmon and tuna blocks; salmon and tuna poke cubes; California, salmon avocado, tuna avocado and rainbow…
LOS ANGELES — King’s Hawaiian has unveiled plans to invest nearly $200 million to build a new food manufacturing facility in Taylorsville, Ind. Bartholomew County Commissioners approved a job creation and incentive agreement with Irresistible Foods Group, Inc., the parent…
BOULDER, COLO. — Meati Foods has gained two new investors interested in its plant-based meat formulated from MushroomRoot. Twelve-time NBA All-Star and two-time Olympic gold medalist Chris Paul, and three-time gold medalist and two-time world champion gymnast Aly Raisman, are joining…
ST. PAUL, MINN. — Functional formulations may be the next step in the future of alcohol-free beverages. Having originated with an initial focus on creating sober beer options, the alcohol-free beverage trend has seen rising interest over the last few…
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BUFFALO, NY. — Consumers prefer small, food-centric gatherings over large events, according to a 2023 shopper insight study by Rich Products (Rich’s). More specifically, the study found 58% of respondents prefer more intimate gatherings whereas tracking from September 2023 found…
In recent years, the global food industry has witnessed a significant shift towards sustainability and traceability in sourcing ingredients. The demand for products with a transparent supply chain has grown exponentially, with consumers becoming increasingly conscious of the environmental and…
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