Success at MGPI is based on a robust business concept. ATCHISON, Kansas. The first quarter saw MGP Ingredients’ profitability and sales rise due in part to the company’s ongoing success in its Ingredient Solutions division and the trend toward plant-based diets. Executives at MGP Ingredients stated that first-quarter performance constituted the second-best quarter in company … Read more
Non-GMO soy products business from Europe will be added by ADM Chicago On July 26, ADM declared that it has concluded a deal to purchase Sojaprotein, a European supplier of soy products free of genetically modified organisms. Founded in 1977, Sojaprotein, a company established in Serbia, sells its products in 65 countries and provides a … Read more
Closed a $12 million Series A round for SkinnyDipped Seattle — A number of well-known figures in sports and entertainment have contributed $12 million to the Series A funding round for snack manufacturer SkinnyDipped. Founded by Val and Breezy Griffith, a mother-daughter team, SkinnyDipped sells low-sugar chocolate confections and a variety of lightly coated cashews, … Read more
Diversifying proteins is good for the world and for people. It is now imperative that we diversify our sources of protein; it is no longer a question. We must reconsider how we produce and consume protein in light of the complex issues posed by climate change, population expansion, and the growing demands on the environment. … Read more
Meat from cultivation: A bad rap? Many of the most difficult issues facing the planet could be resolved or at least lessened with the use of cellular agriculture in the production of meat and other animal-based products. Cultivated meat offers numerous potential advantages for health, animal welfare, and the environment because it is obtained directly … Read more
Business transformation is progressing, according to Hain Celestial NY’S LAKE SUCCESS — The president and CEO of Hain Celestial Group, Inc., Mark L. Schiller, stated that the company is moving closer to realizing its goal of becoming a more focused and profitable enterprise. During a conference call with analysts on February 6, Mr. Schiller stated, … Read more
The business at the SunOpta factory is “dismissing on all cylinders.” TORONTO: In an effort to earn a profit again, SunOpta, Inc., a Toronto-based company, will keep making investments in its plant-based foods and drinks division. In contrast to the $11.1 million loss in the same quarter last year, SunOpta reported a $1.6 million loss … Read more
Covid-19’s effects on the lobster business The COVID-19 protection measures that were imposed in March 2020 both domestically and internationally had an instant negative effect on the fish industry. The revenue from commercial fish landings grew by three percent in January and February. Nonetheless, income decreased each month, beginning in March with a 19% decline … Read more
Ingredion favors a diverse investment portfolio. WESTCHESTER, ILL. According to James P. Zallie, president and chief executive officer, Ingredion Inc.’s “nimbleness to adjust” its output to expected swings in client demand resulted in strong profit growth and greater cash from operations in the second quarter of fiscal 2023. After a 15% increase from $142 million, … Read more
Strong business for Bimbo in North America in 2020 Grupo Bimbo SAB de CV’s North American business saw strong fourth-quarter sales driven by growth in sales across all major categories of branded products. The EBITA margins were significantly widened. Bimbo Bakeries USA’s operating income for the year ended December 31, 2020, was 11.2 billion pesos … Read more