Market News
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“Chancellor Rishi Sunak announced a business rates discount for the hospitality sector this afternoon as well as plans to reform alcohol duty as part of his 2021 Autumn Budget.”
thecaterer.com
Budget 2021 Chancellor announces hospitality...
Chancellor Rishi Sunak announced a business rates discount for the hospitality sector this afternoon as well as plans to reform alcohol duty as part of his...
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Chilean fruit business Hortifrut has announced its acquisition of berry producer Atlantic Blue for €241 million (approximately $280 million).
Hortifrut plans to purchase 100% of the business, with which it has maintained a partnership since 2000.
Atlantic Blue is currently one of the main growers and marketers of blueberries in Europe.
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Advanced Tooling Systems (ATS) Packaging Machinery has announced that it is launching a new range of capping machines for food and drink applications.
The company says that the first entry-level model, named the Gemini linear machine, will deliver a fast return on investment “particularly for manufacturers requiring frequent changeovers or…
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Global incubator for advancements in the dairy industry, Mylkcubator, has launched its first edition with the selection of four start-ups.
The opening edition was launched by Pascual Innoventures in collaboration with Eatable Adventures, and will enable the chosen start-ups to “lay the foundations for a new path of development and innovation…
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Kepak to launch meat mimicking burger in ready meals range
Kepak has announced plans to launch a meat mimicking burger into its Rustlers chilled ready meals range of products.
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“Food supply chain fragility: what can be done? Events over the past 18 months have shown how fragile our global food system is. Fotis Fotiadis, chief executive officer and co-founder of Better Origin, discusses what can be done in this opinion…
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“Third-party audits are a fact of life in today’s food processing industry.
The expectation within the industry is that processors can provide their customers with proof that they have met the requirements of a third-party food safety audit. Of course, there are other audits that processors have to deal with including kosher, halal, organic…
foodengineeringmag.com
Know what to look for in a third-party auditor to ensure food safety and regulatory compliance.
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“Food and beverage companies have been taking action to decrease their energy usage footprints in several ways. They can be active or passive in nature.”
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“Vita Coco has become one of the fastest-growing players in the better-for-you beverage space as consumers keep a close watch on what they eat and drink, a trend that has accelerated during the ongoing pandemic. Vita Coco posted net sales of $311 million in 2020, an increase of 9% from the same period a year earlier.”
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fooddive.com
From its birth in a bar to an IPO, Vita Coco sets its sights next on dominating healthy beverages
Co-CEO Mike Kirban said his company, which grew sales 9% in 2020, is looking toward innovation and M&A to expand its portfolio of better-for-you, functional and plant-based drinks.
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“Manufacturer of renewable packaging solutions, Stora Enso, has invested €97 million to expand board production at its Skoghall site in Sweden.
In addition, the company will also initiate a “pre-feasibility study to convert the second, currently idle, line at its Oulu site in Finland, into a packaging board line”. “
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