(RTTNews) – Dairy Crest Monday said it has purchased the outstanding 50 percent share of Promovita Ingredients Limited held by Fayrefield Foods Limited for a cash consideration of 6 million pounds, funded from existing borrowing facilities.
Promovita was established in 2014 as a 50/50 joint venture between Dairy Crest and Fayrefield to develop and produce GOS, a prebiotic for use in infant formula.
After investing in the manufacturing capability at Davidstow and successfully producing GOS samples, Dairy Crest now believes that full ownership of Promovita is in its and shareholders’ best interests. It allows Dairy Crest sole control over the development of the GOS business and to fully benefit from the value that this business generates, the firm said.
Lumen is a handheld, portable device and app that measures users’ metabolism in real-time. The company is picking up momentum thanks to an entrance on the UK market.
FrieslandCampina Ingredients is spotlighting “Conscious Indulgence” as a key global trend in its latest report, followed by “Shaping A Better World” and “Experience Beyond The Imagined.”
Derry City in Northern Ireland and Lviv in Ukraine are formally committing to zero-waste. The zero-waste model keeps resources and products in use for as long as possible.
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