TreeHouse Foods Inc. said Monday it has named Steven Oakland as chief executive officer and president, effective March 26.
Oakland, most recently vice chair and president, U.S. food and beverage at The J.M. Smucker Company is replacing Sam Reed, who will serve as non-executive chairman of the board through July 1 before retiring.
TreeHouse makes packaged foods and beverages at manufacturing facilities in the U.S., Canada and Italy, focusing on private label products for retail grocery and food away from home customers. TreeHouse shares were not yet active premarket, but have fallen 54% in the last 12 months, while the S&P 500 has gained 13%.
By Ciara Linnane
Source: MarketWatch
L’Oréal has acquired Lactobio, a Dabish probiotic and microbiome research company based in Copenhagen. Lactobio was founded in 2017 by Søren Kjærulff and Charlotte Vedel, who developed a proprietary microbiome discovery platform and screening method to select the most effective and safe strains.
Deliveroo introduces “Deliveroo Shopping,” an on-demand online retail service alongside its existing restaurant food and grocery offering. With personal care and cosmetics on offer, the platform will host a range of retail products, from electronics to pet food, from flowers to toys.
The funds will be primarily allocated to boost business growth, integrate new technologies in the industry, expand manufacturing facilities, transform its portfolio and advance the sustainability agenda in Nestlé’s chocolate, coffee, pet care and nutrition segments in Brazil.
