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AM FRESH Group and Special New Fruit Licensing (SNFL) announced a definitive agreement under which AM FRESH is acquiring International Fruit Genetics (IFG) and merging it with SNFL.
Finless Foods, said to be the first cell-cultured seafood company as well as the first to serve cell-cultured fish in the U.S., announced the closing of its Series B funding totaling $34M led by Hanwha Solutions.
Hostess Brands Inc., a sweet snacks company, will convert an idled factory in Arkadelphia, Arkansas, into a state-of-the-art bakery. The bakery is expected to be operational in the second half of 2023 and bring approximately 150 new jobs to the community over the next three years.
While food and beverage processors have been scrambling to protect their process control equipment, intellectual property (IP) and IT/OT systems from cybersecurity/ransomware attacks, their efforts may be outpacing the Federal Government, which should be setting an example by having secured its own agencies from cyberattacks.
Dot Foods, Inc., said to be North America’s largest food industry redistributor, has acquired Morsum, a food industry data and AI platform technology company.
May River Capital, a Chicago-based private equity firm focused on lower middle market industrial growth companies, has acquired Cablevey Conveyors, a global manufacturer of tubular-drag conveyor systems based in Oskaloosa, Iowa.