Tyson Foods (US) Invested in Plant-based Seafood Producer, New Wave Foods (US)

Posted by MarketsandMarkets on Sep 13, 2019 4:31:43 PM

Introduction

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Topics: Food and Beverage, plant-based seafood, Wave Foods, Tyson Foods, plant-based meat

Karro Food Group (UK) Acquired Young’s Seafood Limited to Explore Multi-protein Food Groups

Posted by MarketsandMarkets on Jul 11, 2019 10:45:51 AM

Karro Food Group, a subsidiary of the UK-based CapVest Partners, is a meat processor that has agreed to acquire Young’s Seafood Ltd. with the aim to create a new multi-protein food group.

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Topics: Food and Beverage, Young’s Seafood Limited, Protein Ingredients Market, multi-protein food, Karro Food Group (UK)

Mile High Labs (US) acquired the pharmaceutical facility of Sandoz Inc. in Colorado

Posted by MarketsandMarkets on Jul 1, 2019 5:51:11 PM

Mile High Labs acquired a 400,000 square foot pharmaceutical manufacturing facility of Sandoz Inc., a division of Novartis (Switzerland), in Broomfield, Colorado, with a view to meet the rising global consumer demand for CBD (Cannabidiol) in the form of tinctures, lotions, and gummies.

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Topics: Food and Beverage, industrial hemp

TYSON FOODS, ONE OF THE LARGEST MEAT PRODUCERS GLOBALLY, ENTERED THE PLANT-BASED MEAT MARKET WITH ITS NEW BRAND, RAISED & ROOTED

Posted by MarketsandMarkets on Jun 20, 2019 7:29:43 PM

Tyson Foods is headquartered in Arkansas, US, and is engaged in offering chicken, beef, and pork, as well as prepared foods. The company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells, and State Fair brands. It has its presence in Central America, China, Canada, Japan, the Middle East, the European Union, South Korea, and Taiwan. On 13th June 2019, the company announced the launch of its first plant-based blended products under its new brand, Raised & Rooted, as part of its efforts to expand its protein offerings. Earlier, in April 2019, Tyson Foods ended its investment with Beyond Meat, which is engaged in manufacturing plant-based meat, to start its own brand of plant-based meat products. With the rising trend of healthy lifestyles, meat producers need to shift their offerings to products that have improved nutritional profiles. The belief among consumers that plant-based proteins are better for heart health, easier to digest, and better suited to aid weight loss than animal protein, will disrupt the animal meat market in the future. Since Tyson Foods has a major stake in traditional meat such as chicken, pork, and beef, it is more of a precautionary move rather than a strategic one to enter into the booming market of plant-based meat.

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Topics: Food and Beverage, plant-based meat market

JBT Takes Another Step Toward Strengthening Its Poultry Business with the Acquisition of Prime Equipment Group

Posted by MarketsandMarkets on Jun 14, 2019 7:10:06 PM

As per a press release of the company, on April 30, 2019, John Bean Technology (JBT) acquired Proseal, a United Kingdom based, provider of tray sealing technology for the food industry, in a deal worth USD 246 million. JBT then acquired Prime Equipment Group, a US company dealing in primary and water re-use solutions for the poultry industry, for USD 65 million on June 5, 2019. Regarding these acquisitions, JBT CEO Tom Giacomini said, “The goal of JBT is to become full line solutions provider for poultry customers with the addition of the primary processing capabilities of Prime. The areas of automation and water re-use can be addressed by deep expertise, reputation, and high-quality products and services by Prime, combined with the strategy and winning culture at JBT.” Chicago-headquartered JBT expects that in 2019, both acquisitions would add anywhere between USD 80 million and USD 85 million to its revenue. The potential lies in leveraging JBT’s global reach as Prime’s annual revenue of USD 45 million is only from the US.

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Topics: Food and Beverage, poultry processing equipment market

GELYMAR (Chile), one of the global leaders of the Commercial Seaweeds Market made an investment of USD 15 Million to double its production capacity

Posted by MarketsandMarkets on May 30, 2019 5:35:09 PM

Gelymar is a global company involved in the extraction of Kapa II and Lambda Carrageenan. Carrageenans belong to the family of linear sulfated polysaccharides that are extracted from red edible seaweeds. The company caters to the pharmaceutical, food, and personal care industries. It operates through its four manufacturing sites located in Chile and Indonesia, along with its two product technology centers. They also have a strong worldwide distribution network in more than 50 countries. On 21st May 2019, the company completed its investment in two plants, Puerto Montt and Tierra del Fuego, to double its production capacity in southern Chile. This investment will help the company to expand itself in North America and Europe. This is due to the rising awareness about the advantages of seaweed consumption in North American and European countries, which is driving the market for commercial seaweeds. The commercial seaweeds market is dominated by the application of seaweeds in the food products such as cakes, cheese, protein drinks, ice cream, sausages, bread, and jellies; this is due to the high-nutritive values offered them.

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Topics: Food and Beverage, Commercial Seaweeds Market

Beyond Meat Inc.: After a stellar foray of the plant-based meat producer into the public domain, what’s next?

Posted by MarketsandMarkets on May 22, 2019 5:09:38 PM

Beyond Meat Inc. forayed into the public arena, with its stock price soaring up to more than double. Burgers with no meat but taste like they do—this is what Beyond Meat is serving to the customers.

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Topics: Food and Beverage, plant-based meat market

Firmenich set to expand its Clean Label Ingredient Business with the Acquisition of VKL SEASONING

Posted by MarketsandMarkets on May 8, 2019 3:52:08 PM

Firmenich (Switzerland) has agreed to acquire a majority stake in VKL Seasoning Pvt. Ltd (India), an Indian specialist in seasonings and flavors, on 1st May 2019, with a view to expanding its capability and customer reach in India.

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Topics: Food and Beverage, clean label ingredients market

Cresco Labs, A Multistate Cannabis Company, has agreed to acquire Origin House for USD 823 Million

Posted by MarketsandMarkets on Apr 10, 2019 7:13:59 PM

Cresco Labs (US) is a multistate cannabis company that produces cannabis plants. It is a grower, processor and retailer of cannabis and operates across the United States. Origin House (US) is a distributor and provider of brand support services in California, the world’s largest regulated cannabis market. The company delivers more than 130 branded products through over 50 brands to most licensed dispensaries. The acquisition will provide Cresco with a large portfolio of brands to work with and on the other hand, Origin House will be able to expand its geographic presence. The acquisition will help in combining the expertise of both the companies that will help them in becoming a key North American cannabis company and one of the largest cannabis brand distributors.

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Topics: Food and Beverage, cannabis market

Archer Daniels Midland Acquires the Ziegler Group to Expand Its Natural Flavors Business!

Posted by MarketsandMarkets on Mar 28, 2019 7:06:55 PM

Archer Daniels Midland Company (ADM) (US) completed the acquisition of the Ziegler Group (Germany), a leading player in the European flavors market producing natural citrus flavor ingredients, on March 21, 2019.

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Topics: Food and Beverage, food flavors market

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