In this week's news: Newlat Food S.p.A completes acquisition of Princes Limited
Newlat Food S.p.A completes acquisition of Princes Limited
International food and drink group Princes Limited has announced that its acquisition by Newlat Food S.p.A is complete.
In May 2024, Newlat announced that it had agreed to a ￡700 million acquisition of Princes from Mitsubishi Corporation, encompassing all current operations and brands. Concurrently, Newlat announced that it will rename itself as ‘New Princes Group’, comprising Newlat and its existing subsidiaries along with the addition of Princes. The renaming is expected to be completed by the end of 2024, as soon as the related processes are completed.
The combined New Princes Group will have a turnover of €2.8 billion, a global network of 31 plants, 8,800 employees and over 30 brands.
Suntory Beverage & Food leverages AI on blackcurrant farms to support UK biodiversity efforts
SBF GB&I’s project is helping to demonstrate how farm stewardship can go hand-in-hand with wildlife protection and is part of the company’s broader commitment to improving biodiversity.
Brewing trouble: the rising costs of coffee in an unpredictable climate
Soaring coffee prices have been driven by extreme weather in Brazil and Vietnam, and here Kanica Goel shares strategies to mitigate consumer impact.
Recall Roundup: Undeclared allergens and metal contaminants
In the UK, British supermarket chain Iceland has announced that it is recalling its own brand Iceland 4 Golden Savoury Rice Steam Bags (600g, with the expiry date of 16 November 2025) due to them possibly containing crustaceans, fish, milk and molluscs that are not mentioned on the label. Dunnes Stores is recalling Italian Tomato and Basil Sauce (250g, with the expiry date of 12 September 2024) because it contains milk which is not mentioned on the label.
领英推荐
New Food Magazine
Welcome to New Food – the first edition to be published since I took over from my predecessor, Joshua, as Editor. My first steps into the food and beverage industry have been conscientious and curious, and I look forward to not only bringing you the latest innovations from across the sector over the coming months, but also working with you all in order to do so.
Episode 55: Diving into cultivated fish developments
Food to Go is back and, in this episode, Grace Galler sits down with Roee Nir, Co-Founder and CEO of Forsea Foods to find out how the company is using groundbreaking cell-cultivation technology, developing sustainable eel unagi, and their plans for market expansion and future innovations.
Don't miss: Food Integrity Global 2024
The New Food team is excited to announce that Food Integrity Global is returning for 2024 and will take place in Amsterdam!
We invite you to stay engaged with the?F&B community and look forward to welcoming you back for Food Integrity Global 2024!