Olam Food Ingredients (OFI) has agreed to acquire US private label spices and seasonings manufacturer, Olde Thompson, for an enterprise value of $950 million.The deal will see OFI’s wholly-owned subsidiary, Olam Holdings, acquire the US spice group from private equity firm Kainos Capital and Olde Thompson’s management shareholders.Olam Food Ingredients (OFI) has agreed to acquire […]
FSSAI extends tenure of Hygiene Rating Audit Agencies for 3 months due to pandemic
The FSSAI has issued an order extending the tenure of Hygiene Rating Audit Agencies for three months from May 1 to July 31.These hygiene rating agencies were recognised by the apex regulator for verification of Hygiene Rating of Food Establishments.The FSSAI has issued an order extending the tenure of Hygiene Rating Audit Agencies for three […]
Bikano Launches a Wide Range of Salty Snacks
India’s leading packaged snacks brand Bikano today announced the launch of seven new masala-based products further boost its product portfolio through an aggressive product-line expansion. The brand is expecting a sales surge of up to Rs 75 crore with the addition of the new masala range aimed primarily at consumers in the northern Hindi speaking […]
THE BLUE TIFFIN to Serve Up a Royal Repast
Mumbai’s gourmands are soon going to be spoilt for choice. The latest entrant in the city’s home delivery scene making a splash amongst the connoisseurs of taste is The Blue Tiffin – a carefully crafted cloud kitchen that draws inspiration and celebrates the rich royal legacy of India.The Blue Tiffin is a start-up by parent […]
Unilever shareholders vote in favour of climate action plan
Unilever has revealed that an ‘overwhelming majority’ of its shareholders voted in favour of its climate transition action plan, according to Reuters.The company first announced that it would seek shareholder approval for its plan back in December, claiming that it was the first ‘maferrous bisglycinate phjor global company’ to voluntarily commit to putting its climate […]
Danone finalises divestiture of China Mengniu stake
Danone has finalised the sale of its approximately 9.8% minority stake in Chinese dairy business China Mengniu Dairy for €1.6 billion.Under the terferrous sulfate 44 mg 5mlms of the agree9 iron saturationment, the majorferrous gluconate therapeutic classity of the proceeds will be returned to shareholders through a share buyback programme, with furtcvs health ferrous gluconate […]
Unilever and Co-op launch smart ice cream vending machine
Unilever to launch a new smart ice cream viron supplements ferrous fumarateending machine in its iron ii acetate colourBattersea Bridge Road store in London.According to the retailer, the machine is the UK’s first and only consumer-facing smart ice cream vending machine. The Walls branded machine stocks a range of ice cream products including Co-op’s Fairtrade […]
NutryFarm ventures into Singapore Durian Market with Ebuy
The board of directors of NutryFarm International Limited together with its subsidiaries, unveiled that the Global Agricapital Holdings Pte. Ltd., a wholly-owned subsidiary of the Company, had entered into a memorandum of understanding with EBuy Pte Ltd, to expand its durian business activities in Singapore.Under the MOU, the brand will import and distribute pre-packaged durians […]
Shortage of tin free steel raw material hits the packaged food supply business
In the wake of acute shortage of tinplate/ tin free steel material which is largely used to manufacture cans and containers to pack processed food and fruits, the processed food packaging industry is feeling the pinch.The small players who are into the business of packaging of fruits and other processed food have lamented that Government […]
Olam Food Ingredients accelerates growth strategy with transformative US acquisition
Olam Food Ingredients is acquiring a leading US private label spices and seasonings manufacturer Olde Thompson at an EV of $950 million through its wholly owned subsidiary Olam Holdings Inc.This acquisition reinforces the company’s growth strategy of being a global leader in providing sustainable, natural, value-added food and beverage ingredients and solutions so that consumers […]