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The food industry briefing

The news and data you need to know about the industry

News and numbers

130,763lb

US-based Conagra Brands decides to recall nearly 130,763lb of frozen non ready-to-eat chicken bowl products as they may contain extraneous material, specifically small rocks.

75%

Global ingredient solutions provider Ingredion reaches an agreement for an undisclosed figure to acquire a 75% stake in stevia sweetener producer PureCircle.

$100m

UAE-based fresh produce company Pure Harvest Smart Farms secures a multi-stage investment guarantee of more than $100m from Kuwait’s Wafra International Investment Company.

$455m

Turkey-based confectionery and biscuits business Ülker Bisküvi signs $455m loan agreement to repay debt and fund capacity and innovation investments.

$14m

Hunter Street Partners and CapitalView Investment Partners agree to provide a $14m senior-term loan to aquaculture products producer Hyde Road Agricultural Associates.

$42.5m

Canadian organic food and beverages manufacturer SunOpta recieves $42.5m investment in the form of equity financing to support expansion in the plant-based arena.

€4.6bn

Unilever announces the completion of its acquisition of Horlicks and other consumer nutrition products from GlaxoSmithKline. Unilever said the "total consideration for the transaction" was around €4.6bn

FURTHER READING

Consumers think it is 'vital' we build strong local food networks

According to a survey conducted by the Free Range Dairy Network, 68% of consumers have said they now realise how important the domestic food supply is, with 75% of shoppers believing it is vital we build strong local food networks.

Source: Free Range Dairy Network