The food industry briefing
The latest news, trends, and data you need to know about this month
In numbers
$22m
Singapore’s Growthwell Group has completed a follow-on investment to its seed funding round as the alternative-meat and seafood business seeks to expand in South-east Asia and beyond.
€16.5m
Stockeld Dreamery, a plant-based cheese start-up in Sweden, has added to last year’s funding with a Series A round to scale-up the business.
$610m
Hong Kong-based H&H Group has snapped up another US pet-food business, acquiring Zesty Paws from private-equity firm Maxim Partners.
£64m
Gosh Food, the UK vegan and allergen-free products manufacturer, has been acquired by Portuguese conglomerate Sonae.
$4.5bn
A deal for Sanderson Farms, one of the largest poultry processors in the US, has been confirmed for US$4.5bn as local meat processor Cargill and investment firm Continental Grain Co. join forces in the buyout.
$52m
US vegan dairy business Miyoko’s Creamery has closed a US$52m Series C funding round.
In brief
Emmi buys US feta cheese maker Athenos from French dairy giant Lactalis
Emmi has acquired US-based feta cheese maker Athenos from Lactalis in France, a deal the Swiss dairy firm said will strengthen its position in its largest export market.
Oatly earmarks US facility expansion as losses balloon despite sales surge
Sweden-based Oatly plans to increase capacity at its US facility in Utah to support an acceleration in demand for its oat-milk products.
Beyond Meat COO Sanjay Shah leaves meat-free firm
Sanjay Shah, Beyond Meat’s chief operating officer, has left the US meat-alternative business after less than two years in the role.
Aryzta sells Brazil bakery operations to Grupo Bimbo
Aryzta has continued its business simplification process with an agreement to sell its operations in Brazil to fellow bakery company Grupo Bimbo.
Further reading
Investors set pace on corporate climate action
Concerned investors are starting to make corporate laggards take real action on climate change, but for some investors, they are not moving fast enough.
Read more here on Energy Monitor
