First Milk has announced the sale of CNP Professional to The Protein Partners Ltd.
The Manchester based business which specialises in sports nutrition, was sold following the completion of a full strategy review.
Chief executive of First Milk Mike Gallacher said: “The sale of CNP follows a full strategic review by the Board last year.
“It is the final step in allowing us to focus even more closely on our core businesses in hard cheese and liquid brokering.
“This focus is delivering improved milk prices and a more sustainable business model for our farmer shareholders.”
Mr Gallacher said the announcement was a ’good deal’ for the CNP employees, customers and consumers.
“The brand CNP and the Hyde site will form a key part of the future strategy of the Protein Partners and as such the sale protects employment at the site.”
Source: FG Insight
Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.
PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.
Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.