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M&A volume is up in the food and agriculture sector

March 11, 2022

According to a Capstone Partners report, “February 2022 Food & Agriculture Sector Update,” merger and acquisition (M&A) volume in the food and agriculture sector surged 17% year-over-year (YOY) in 2021 with 383 deals announced or completed, which marked the highest number of transactions in over four years.


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AM FRESH Group to acquire IFG and merge it with SNFL
Mergers & Acquisitions

AM FRESH Group to acquire IFG and merge it with SNFL

SNFL’s and IFG’s combined innovation platforms will accelerate the growth of flavorful, sustainable and healthier table grape and cherry varieties
March 8, 2022
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.
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Lettuce wraps using Finless Foods’ plant-based tuna. (Photo: Business Wire)
Alternate Proteins

Finless Foods to launch plant-based tuna in 2022, complete construction of cell-cultured tuna pilot plant

Founded on the vision of producing alternative seafood for a thriving ocean, Finless lands a strategic partner to translate vision into reality
March 8, 2022
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.
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Hostess Brands snack foods include Donettes, Twinkies, CupCakes and Ding Dongs, as well as Voortman cookies and wafers
Plant Openings

Hostess Brands to open state-of-the-art bakery in Arkadelphia, Arkansas

Operational in 2023, the facility will bring 150 new jobs to the community
March 7, 2022
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.
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cybersecurity
Manufacturing News

Federal government needs to set an example on cybersecurity

Government Accountability Office says federal agencies need to do their own homework before they can help the private sector
Wayne Labs, Senior Contributing Technical Editor
Wayne Labs
March 7, 2022

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.


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