IFF says it has acquired The Additive Advantage, a manufacturing and licensing firm focused on delivery systems of microencapsulation and active ingredients. Financial details of the deal, including purchase price, were not disclosed.
TAA’s customers are mainly in the food, beverage, pharma, animal health and cosmetics industries. The company’s proprietary technology allows for the “printing” of active ingredients onto consumer products in these areas.
By Vincent Valk
Source: Chemical Week
McCain Foods has completed the acquisition of Irish plant-based frozen food manufacturer Strong Roots. The acquisition follows McCain and Strong Roots’ strategic partnership, which began in 2021 and resulted from a $55 million investment.
Cargill partners with Voyage Foods to scale up alternatives to cocoa-based products to meet consumers’ indulgence needs. The commercial partnership will also provide food manufacturers with nut spreads produced with no nut or dairy allergens used in the recipe formulation.
L’Occitane International owner Reinold Geiger is reportedly close to taking the company private in a deal with Blackstone. The French skin care company’s filing halted trading of its Hong Kong-listed shares this week. This is the second time in months that the Australian billionaire has attempted a buyout.
