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Hershey backs sweeteners start-up Snacks and confectionery maker Hershey has joined US sugars supplier ASR Group to co-lead an investment in Bonumose, a start-up manufacturing lower-calorie sweeteners. The size of the Series B financing round was not disclosed, with ingredients business ASR investing via its subsidiary American Sugar Refining. ASR is owned by Florida-based cane sugar producers Florida Crystals Corp. and the Sugar Cane Growers Cooperative of Florida.  Bonumose, located in Charlottesville, Virginia, has developed and patented a production process for high-purity rare sugars,...

Subscribe Sugar reduction game changer? Hershey, ASR Group invest in startup paving way for ‘mass market adoption’ of allulose, tagatose By Elaine Watson Bonumose – a Virginia-based startup with patented technology it claims could enable the “mass market adoption” of rare sugars – has raised a Series B* round led by Hershey and sugar refining giant ASR Group, to support commercial production of allulose and tagatose in early 2022. The funding round will also support R&D work on allose, and other low-glycemic, ...

Share this article Share this article WEST PALM BEACH, Fla., Feb. 17, 2021 /PRNewswire/ -- American Sugar Refining, Inc., a member of ASR Group, made a strategic investment in Bonumose, Inc. to produce and commercialize lower-cost, plant-based alternative sweeteners tagatose and allulose as part of ASR Group's strategy to provide a variety of products to meet the wide range of consumer needs. The Series B investment round in Bonumose, a start-up company with innovations in plant-based food ingredients, was co-led by American Sugar Refining and The Hershey Company (NYSE: HSY).  Bonumose deve...