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Industry News

  • Nestle Buys Minority Stake in Prepared Meals Firm Freshly

    As part of Nestlé’s foray into the $10 million U.S. online prepared meals market, the Swiss company’s American subsidiary acquired a minority interest in Freshly, a maker of direct-to-consumer prepared meals, a press release announced Tuesday. The lead investor in Freshly’...

  • Cargill to Open Potassium Chloride Plant in U.S. in 2017

    Moving to meet increased demand from domestic food producers, Cargill Salt plans to open a new potassium chloride production plant in Watkins Glen, NY in the latter half of 2017, the Minneapolis, MN-based agribusiness announced June 16. “Potassium chloride can help bakeries, food processors...

  • Equity Firm to Acquire Equipment Maker Duravant

    Private equity firm Warburg Pincus entered a definitive agreement to acquire Duravant LLC, a provider of automation and engineered equipment to the food processing, material handling, and packaging sectors, from an Odyssey Investment Partners fund, the purchasing company announced by press release...

  • K-State Offers Workshop on Pneumatic Conveying of Bulk Solids

    The Kansas State Bulk Solids Innovation Center in Salina, KS is hosting a professional development workshop on pneumatic conveying of powder and bulk solids from Aug. 8-11, 2017, the institution announced Thursday. This course focuses on the design of pneumatic conveying systems, common pneumatic...

  • ADM to Collaborate with Anco on Specialty Feed Ingredients

    Archer Daniels Midland Company (ADM) formed a strategic collaboration with Anco Animal Nutrition Competence GmbH, giving ADM Animal Nutrition customers access to Anco’s range of specialty feed ingredients, the Decatur, IL-based agribusiness announced Wednesday. “This collaboration will...

  • Nestle Mulls Over Sale of U.S. Confectionery Business

    Swiss chocolate and confectionery firm Nestle launched a review of its U.S. confectionery business that will examine “strategic options” including a sale amid a downward trend of sales of chocolate and candy in America, a company press release announced Thursday. The review’s...

  • Chocolate Maker Ferrero Opens Innovation Center in Asia

    Italian chocolate and confectionery firm Ferrero recently opened its first innovation center in Asia to further advances in new raw materials and product research and development, health and nutrition, consumer insights and forecasting, the company announced Wednesday. Located in Singapore, the...

  • Chemical Firm Fined $171K for Role in Uncontrolled Fire

    Chemical maker Vertellus Specialties UK Limited was ordered by the Teesside Crown’s Court on June 12 to pay a fine totaling £135,000, or about $171,800 USD, after an “uncontrolled fire” in May 2014, the occupational safety regulator of Great Britain, Health and Safety...

  • Mondelez International Inaugurates R&D Center in Poland

    Global food, confectionery and beverage firm Mondelez International held an inauguration ceremony marking the opening of its newest research and development technical center in Wroclaw, Poland on June 7. Part of a $65 million investment in nine R&D hubs around the world, the Wroclaw location...

  • Dow to Launch GMO Corn Variety in North America

    Following a decision by the Chinese government to allow the importation of grain produced from a new Dow Chemical Company-designed variety of genetically modified (GMO) corn, Enlist, the Midland, MI-based firm plans to introduce the corn variety to U.S. and Canadian growers for the 2018 season....