MUMBAI, INDIA — Funds advised by Convergent Finance LLP and private equity firm Samara Capital have reached agreement to acquire a 51.8% stake in Agro Tech Foods Ltd. (ATFL) from Chicago-based Conagra Brands, Inc. Financial terms of the transaction were…
CHICAGO — Texture is something one does not think about when eating, unless it’s off. It’s an attribute that is more than mouthfeel and incorporates how food dissolves in the mouth and how it’s tasted. It’s the third dimension and…
NEW YORK — Plant-based variety, the citrus flavor yuzu and upcycled were among the key trends identified by a panel of “trendspotters” assembled by the Specialty Food Association to review innovation exhibited at the Winter Fancy Food Show, held Jan.…
DUBLIN, OHIO — Wendy’s has added Cinnabon Pull-Apart to its breakfast menu. The new sweet treats combine creamy dough bites with Cinnabon cinnamon all while being topped with the brand’s signature cream cheese dressing, Wendy’s said. “Our new Cinnabon Pull-Apart…
NEW YORK — The volatility of private label sales may be coming to a close, according to new research from the Private Label Manufacturers Association (PLMA) and market researcher Circana. The category saw a 4.7% increase in dollar sales across…
AVENTURA, FLA. — Changes in population and income levels will shift food demand and placement of corporate assets, Michael Zerr, long-term model lead, Cargill, Minneapolis, told attendees at the opening session of the International Sweetener Colloquium on Feb. 26. When…
ORRVILLE, OHIO — The opening and later expansion of the J.M. Smucker’s Co.’s Uncrustables plant in Longmont, Colo., accelerated the brand’s growth in 2022 and 2023. The momentum continued into the third quarter of fiscal 2024 following the introduction of…
SIOUX CITY, IOWA — The American Popcorn Co., the family-owned food manufacturer behind Jolly Time Popcorn, has named Steve Huisenga as president, making him the first non-family member in the company’s history to take on the role. Huisenga was previously…
KANSAS CITY — A staple in every grocery store, boxed mixes are tapping into consumer insights for their latest innovations. Conagra Brands entered a partnership with Dolly Parton to extend their co-branded products, which initially debuted as part of Conagra’s…
REGINA, SASK. — Protein Industries Canada has contributed C$7.3 million ($5.4 million) of a total investment of C$19.2 million ($14.2 million) in a project to create new ingredient and food options, including allergen-friendly ones, for consumers. In the project, Avena…
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