Parmalat, the Lactalis-owned dairy company, has acquired a number of cheese companies in Chile for €100 million.
The acquisition, which is being completed through Parmalat’s subsidiary La Vaquita Holding, includes four production facilities with about 600 employees in total.
The brand portfolio includes, among others, the La Vaquita and Kümey brands.
Between them, the acquired companies generated revenue of about €95 million.
The Parma-headquartered company said that the deal would ‘strengthen its presence in South America’, allowing it to expand its business into a country where it currently only operates through a licensing agreement.
Source: FoodBev.com
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.
