Sydney, September 15, 2022 – PAG, a leading investment firm focused on the Asia-Pacific region, announced today that it has entered into agreements to acquire Patties Foods (“Patties”) and Vesco Foods (“Vesco”), subject to regulatory approvals. Terms of the deals were not disclosed. Patties, with its origins dating back over 50 years, is well known for producing some of Australia and New Zealand’s favourite savoury snacks, appetisers, meals, and desserts, including its signature pies, party … [Read more...] about PAG to Acquire Patties Foods and Vesco Foods
Float Food’s OnlyEg wins Award at World Plant-Based Awards in the US
OnlyEgTM won the “Best Plant-Based Functional Product Award” award for its innovative XL Omelette at the World Plant-Based Expo on 8 September at an event held in New York City. The judging panel considered over 140 entries from 20 countries worldwide across 17 categories and announced the winners during a special ceremony in association with Plant-Based World Expo North America. FoodBev Media’s marketing manager, Dan Bunt, said, “The competition this year was … [Read more...] about Float Food’s OnlyEg wins Award at World Plant-Based Awards in the US
Cargill inaugurates corn wet mill in Indonesia
With an investment of USD 100 million (IDR 1.3 trillion), the new facility is expected to help grow the country’s food and beverage industry as well as strengthen the local economy. Cargill inaugurated its corn wet mill in Pandaan, Pasuruan, and Surabaya to meet the growing demand for starches, sweeteners, and feed markets in Asia and Indonesia. This USD 100 million (IDR 1.3 trillion) facility, built during the pandemic, is also expected to benefit the local economy by creating up to 4,000 … [Read more...] about Cargill inaugurates corn wet mill in Indonesia
