Archives for February 23, 2022

NEWS IN BRIEF

MGP invests $16.7m to open new protein extrusion facility

Specialty proteins and starches supplier MGP Ingredients is investing $16.7m in a new facility specializing in extrusion technology for the production of its ProTerra line to meet growing demand for its texturized proteins.

Good Culture lands $64m Series C funding: 'Many nutrient dense, cultured food categories are on the table for innovation'

Good Culture, best-known for disrupting the cottage cheese category with its clean label formulation, has just secured $64m in Series C funding to drive continued expansion of its healing cultured foods platform.

General Mills adopts 'always on' acquisition approach as ‘ongoing part of our accelerate strategy’

General Mills continues to hunt aggressively for acquisitions to build out its five core platforms, including cereal, ice cream, snack bars, Mexican food and pet food, and to consider strategic divestitures as part of a broader strategy to reshape its...