Atria is expanding its business in Finland and acquires 70 per cent of the Kaivon Liha Kaunismaa Oy (Kaivon Liha) shares. Kaivon Liha focuses its business on the processing and wholesale of beef. The company’s customers are mainly fast-food chains and food service customers.
Kaivon Liha has a strong market position in Finland as a manufacturer of high-quality hamburger and kebab products. The product range of Kaivon Liha complements Atria’s product range in beef products.
Atria’s annual net sales is expected to increase by about EUR 40 million. Kaivon Liha production plant is located in Turku, Finland and has about 50 employees. Closure of the transaction is subject Finnish Competition and Consumer Authority approval. Trade is due to be completed during the third quarter in 2016.
The Coca-Cola Co. has promoted Evguenia (Jeny) Stoichkova to president of global ventures, effective Jan. 1, 2023. Ms. Stoichkova joined Coca-Cola Bulgaria in 2004 and was most recently the president of the company’s Eurasia & Middle East division, a role she has held since 2021.
US-based Perfect Day, is partnering with Onego Bio, which specializes in creating animal-free eggs, aiming to accelerate the timeline to bring the eggs to the market. The business, with the use of its technology, plans to commercialize animal-free ovalbumin, the most abundant egg white protein extracted through precision fermentation.
Food waste costs the EU €143 billion per year (US$141.7 billion), with a report by Feedback EU raising the alarm of how it’s vital to reduce waste from farm to fork 50% by 2030 and the only way this will be achieved is by enforcing a mandatory directive forcing the food industry to do better and retailers to pay a tax of food waste.