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JAPAN – Japanese snack food maker, Calbee, plans to invest about 140 billion yen (US$1 billion) in automation, mergers and acquisitions (M&A), and facility upgrades to bolster its operations both at home and abroad. According to COO and incoming President and CEO Makoto Ehara, the company has earmarked North America and China as key markets to boost its recognition as…
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NORTH AMERICA – Middle-market private equity firm PNC Riverarch Capital has acquired baked foods manufacturer Backerhaus Veit, Ltd from Swander Pace Capital for an undisclosed sum. Founded in 2011 and headquartered in Pittsburgh, North America, PNC Riverarch capital specializes in investing in market-leading companies to maximize their growth potential while preserving their culture and legacy. Based in Mississauga, Backerhaus Veit…
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NORTH AMERICA – Ynsect, a France-based insect protein company, is on a North American charm offensive to woo more North Americans into embracing insect-based foods into their diets. The company has kickstarted the process by unveiling plans to invest US$106.57 million in building insect ingredient production sites in the United States and in Mexico Construction will begin by late 2023 and…
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