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With the acquisitions late last month of snack brands ParmCrisps and Thinsters, the Hain Celestial Group is just getting started on a shopping spree that CEO Mark Schiller says will transform the company from a “holding company” with a far-reaching and unfocused portfolio to an operating business concentrated on healthy food and beverage.
Foxtrot, a chain of modernized neighborhood convenience stores stocking a curated selection of local goods and growing assortment of its own private label products, has raised $100m in Series C funding to support new stores, digital shopping enhancements and new product development.
Better Juice said products made using its enzymatic sugar reduction technology are due to hit shelves in less than six months, following the completion of its first commercial deal with a US West Coast-based juice manufacturer.
Univar Solutions, a global specialty chemical and food ingredients distributor, is setting up a new Food Solution Center at Chicago-based food and beverage incubator The Hatchery to help develop new food solutions to technical challenges facing the industry.
A team of scientists has developed biodegradable food packaging made from corn protein and other naturally-derived bioplymers infused with a mixture of natural antimicrobial oils that can extend the shelf life of fresh fruit by up to three days compared to traditional plastic containers, creating a solution to cut down on the amount of plastic packaging throughout the food industry.