More than half of global food manufacturers have admitted not knowing the precise details of their supply chains, raising concerns about the prevalence of slave labour and other unethical working practices, according to research from risk management firm Achilles
> Read the full article on the Food Manufacture website
By Laurence Gibbons
Source: Food Manufacture
The owner of Philadelphia cream cheese and Heinz Ketchup had predicted flat-to-positive organic net sales growth, but today it reported 2.5% organic growth for the quarter.
The deal will see OFI’s wholly-owned subsidiary, Olam Holdings, acquire the US spice group from private equity firm Kainos Capital and Olde Thompson’s management shareholders.
Nestlé has agreed to acquire core vitamin and supplement brands of The Bountiful Company from investment firm KKR for $5.75 billion, as it looks to expand its health and nutrition portfolio.