INFRA has announced Danelle Rydel as its new VP, Member Success. Rydel will be responsible for growth in membership, growth at member stores, and growth in new opportunities for the association. She has been with INFRA since 2016 and has assumed a variety of roles, most recently as Director of...
Kemin Industries, Inc., acquired Proteus Industries, Inc. The terms of the transaction were not disclosed. Proteus is a food technology and ingredient company based in Gloucester, MA. Kemin is a global ingredient manufacturer based in Des Moines, IA. The Procter & Gamble Company (NYSE:PG) acquired VitaminHaus Pty Ltd. The terms...
AAK is expanding its business via acquisitions and partnerships, according to two press releases. The company has agreed to purchase BIC Ingredients, the lecithin arm of BIC International Holding. BIC Ingredients supplies non-GM specialty lecithin and lecithin compounds. AAK will integrate the products into its Akolec brand of specialty lecithins.
Irvine, CA—BGG World and its subsidiary Algae Health Sciences have completed a major capacity expansion of their state-of-the-art, 100% glass tube photobioreactor microalgae farm, according to a press release, making it the largest astaxanthin farm in the world. The expansion doubles BGG’s astaxanthin production capacity and will allow for fulfillment...
College Station, TX—Podium Nutrition has entered into an exclusive retail partnership with GNC, according to a press release. Podium will be available online at GNC.com and in all GNC stores across the United States. Podium was formed by five-time CrossFit champion Mat Fraser, “The Buttery Bros” Heber Cannon and Marston...
Arlington, VA—FMI and the Academy of Nutrition and Dietetics Foundation have released a report titled The Food as Medicine Opportunity in Food Retail, which outlines business opportunities for food retailers to embrace the concept of Food as Medicine, based on multiple joint research studies that explored perspectives around this concept...
Seattle, WA—PCC Community Markets has awarded $30,000 to nonprofits addressing food insecurity across the downtown Seattle community, according to a press release. “Native people have a rich history of healthy food systems that were disrupted from centuries of policies to remove us from our traditional lands and ways,” said Socia...
Las Vegas, NV—Sophie’s Kitchen Inc. has secured a $5.6 million investment that was led by Billy Goat Brands Ltd., a publicly-listed venture capital platform with a focus on the blue economy. The funding will support the growth of the Sophie’s Kitchen brand, product innovation, and the Company’s overall mission of...
Philadelphia, PA—The WholeFoods team walked the Harvest Festival floor yesterday, finding a sense of cheer. People were excited to be at a show, excited to reconnect and chat, and extremely excited to sample—One Village Coffee, for instance, ran out of samples altogether. The major trend this year: plant-based. The first...
Austin, TX—Total annual sales of herbal dietary supplements in the United States surpassed $10 billion for the first time in 2020, according to the American Botanical Council’s (ABC) 2020 Herb Market Report. Consumers spent an estimated $11.261 billion on these products in 2020, a 17.3% increase from 2019, more than...
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