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Oddlygood, a plant-based dairy company majority-owned by Finnish dairy giant Valio, has acquired Rude Health, a top-five UK plant-based drinks brand, from its founders. The deal comes at a time when the UK's plant-based milk market has plateaued, with brands facing stiff competition and the need to win over new consumers. Rude Health's co-founder, Camilla Barnard, believes that the category can continue to grow by emphasizing environmental and sustainability arguments, and the company has invested in advertising to communicate these messages. [Extracted from the article]

The Canadian Food Inspection Agency (CFIA) rebuked Joriki, the co-manufacturer of plant-based milks for Danone and Walmart in Canada, for not following necessary protocols to prevent listeria contamination. The CFIA was unable to pinpoint the main source of contamination but noted that cross-contamination could have occurred after processing. The outbreak resulted in three deaths, prompting the CFIA to halt production at the Joriki facility for cleanup and renovations to eliminate the risk of contamination. The CFIA did not conduct a license investigation at the facility before the outbreak, as it was not considered high-risk based on previous assessments. [Extracted from the article]

Oddlygood, a Nordic plant-based food and drinks business owned by Finnish dairy firm Valio, has acquired UK-based Rude Health to expand its market share in the UK plant-based drinks category. The financial terms of the deal were not disclosed, but the move is aimed at driving growth in the UK and Europe. Rude Health, known for its plant-based milks and breakfast products, will continue to operate independently under Oddlygood's ownership. This acquisition follows Oddlygood's previous purchase of the Swedish dairy alternatives brand Planti in 2023. [Extracted from the article]

A listeria outbreak in Canada has been traced back to a factory in Ontario that produces plant-based milk alternatives for Danone and Walmart. The contamination occurred on a dedicated production line at the facility, which is operated by a third-party manufacturer called Joriki. The Canadian Food Inspection Agency has issued a voluntary recall on 15 Silk products and Walmart's private-label Great Value plant-based milks. Two consumers have died from listeria infections, with the majority of cases occurring in Ontario. The French dairy giant Danone entered the dairy-free market in 2016 by acquiring WhiteWave Foods. [Extracted from the article]

Califia Farms, a US-based alternative dairy company, has acquired Uproot, a plant milk dispenser manufacturer, in order to expand its presence in the foodservice industry. Uproot develops plant-based milk dispensers that aim to reduce packaging waste and provide a convenient and sustainable solution for serving plant-based milks. The deal will allow Califia Farms to bring its milk alternatives to all of Uproot's dispenser locations, helping the company expand its away-from-home portfolio of products and services. The founders of Uproot will join Califia Farms following the acquisition. [Extracted from the article]

Two deaths in Canada have been linked to listeria infections caused by plant-based milk alternatives sold by Danone and Walmart. The Canadian Food Inspection Agency (CFIA) confirmed cases of potential contamination by Listeria monocytogenes related to Silk, owned by Danone, and Walmart's Great Value plant-based milks. Ten other people have also suffered infections. The CFIA issued a voluntary recall on 15 Silk products, and Danone has removed the affected products from retail shelves. The majority of those infected are over 60 years old and 67% are female. [Extracted from the article]

German cereal manufacturer H&J Brüggen and dairy producer Frischli are planning to establish a joint venture focused on oat-based food and drink products. The companies aim to produce a range of oat-based drinks, concentrates, and other functional oat products to be sold in German retail. The plan is awaiting approval from the national federal cartel agency, and if approved, joint operations are expected to begin in early 2025. Both companies will continue to run independently, and the joint venture will combine their knowledge in processing milk and oats to meet the growing demand for plant-based milks in Germany. [Extracted from the article]

SunOpta, a plant milks manufacturer, has invested $26 million in expanding its oat milk production site in Modesto, California. The company built a new oat extraction production line at the plant, which is expected to increase its annual oat milk production by 60% starting in 2025. The technology used at the plant turns oats into a liquid oatbase, which is used to manufacture oat-based products such as oat milk, ice creams, and yogurts. The expansion has created 17 new jobs, bringing the total number of employees at the factory to 208. SunOpta predicts that the shelf-stable plant-based milk category will grow in volume terms in 2024. [Extracted from the article]

SunOpta, a plant-based and better-for-you food business, is experiencing volume-driven growth that is positioning it for potential mergers and acquisitions (M&A). The company aims to break a debt leverage target by the end of the year, at which point acquisitions will become an option. SunOpta's CEO, Brian Kocher, outlined three priorities for the company, including revenue growth, optimizing production and supply chain efficiency, and remaining disciplined in capital allocation and deleveraging. The company's first-quarter results showed an 18% increase in revenue and a reduction in debt. SunOpta also saw growth in its fruit snacks category and turned a profit in the opening quarter. The company has adjusted its growth guidance for EBITDA and revenue higher. [Extracted from the article]

Califia Farms, a plant-based milks producer, is expanding its business overseas and focusing on innovation in its European markets. The company plans to launch nine chilled products in Europe between July and early 2025. Califia Farms aims to increase its presence in the foodservice sector to drive more people to buy its products in grocery stores. The company differentiates itself by offering great-tasting products with lower sugar content and a focus on health. It plans to invest in innovation and utilize its parent company's forward-thinking approach to stay ahead in the plant-based milk category. Califia Farms is also looking to expand into the Netherlands and sees continued growth and interest in plant-based milk in Europe. [Extracted from the article]

Danone, a France-based dairy manufacturer, has confirmed that it pulled two plant-based milk options, Silk Nextmilk and So Delicious Dairy Free Wondermilk, from US shelves in 2023. The company stated that it made this decision in order to prioritize innovation and meet evolving consumer preferences. Danone did not provide a specific date for when the products were removed. The company has been working on a strategy to improve its product lines and increase profit margins, with a focus on its European essential dairy and plant-based business. [Extracted from the article]

Nestlé is exiting the dairy sector in Ecuador through a deal with Latin American food company Grupo Gloria. The agreement involves the sale of a factory and distribution center in Cayambe, as well as the local brands La Vacquita, Yogu Yogu, Natura, Cereavena, and Huesitos. The deal also includes the licensing of international brands La Lechera and Svelty. Nestlé will continue to do business in other sectors in Ecuador, such as culinary products, confectionery, coffee, and infant formula. Grupo Gloria, based in Peru, operates in several countries and produces dairy items, plant-based milk, jam, cake, canned fish, and soft drinks. [Extracted from the article]

Ripple Foods, a US supplier of dairy alternatives, has raised $49.2 million in its latest funding round. The company's value proposition lies in its proprietary trademarked pea protein, Ripptein, which is used in its portfolio of products. While the wider plant-based milk category is slowing down, Ripple Foods has experienced "explosive growth" in its kids' products, with its Ripple Kids Original Milk becoming one of the fastest-growing products in the refrigerated plant-based milk category. However, not all of the company's innovations have been successful, such as its Greek-style, dairy-free yogurts. Ripple Foods has not yet commented on its latest funding. [Extracted from the article]

A new plant-based food consortium called Plant Based Food Finland (Pro Vege) has been launched in Finland, with the aim of increasing the production and sale of plant-based food in the country. Niklas Kaskeala, the director of public affairs for Oatly in Finland, is serving as the chairman of the group. The consortium currently has 18 founding members, including Oatly and other producers and retailers. The group's initial focus will be on plant proteins and plant-based milk products, which are seen as essential for the sustainability of the food system. [Extracted from the article]

SunOpta, a US-based company that produces plant-based milk, has announced plans to increase promotional activity in the retail market for shelf-stable plant-based milk in order to boost sales. The CEO of SunOpta, Joe Ennen, stated that while the overall market for shelf-stable alternatives is growing, there has been a decline in volumes in tracked retail outlets. Ennen expects that promotional activity will intensify in 2024 to entice shoppers. SunOpta's brands include Dream, and the company also manufactures for retailers such as Walmart and brands like Califia Farms. [Extracted from the article]

What I'm trying to do is bring many companies together so that we can create co-manufacturing, lots of little hubs, because Plant & Bean wasn't big enough to have a factory like that. Keywords: Meat Alternatives; Seafood alternatives; Vegetarian and Vegan; Interviews EN Meat Alternatives Seafood alternatives Vegetarian and Vegan Interviews N.PAG N.PAG 1 07/17/23 20230713 NES 230713 Heather Mills, the entrepreneur, self-proclaimed philanthropist, investor and long-time vegan advocate, talks to I Just Food i after buying the UK factory of Plant & Bean, which went into administration in June. VBites is poised to launch what she calls the "next generation" of vegan foods, or "clean, innovative plant-based foods" that are friendly on the gut - probably to coincide with Veganuary. [Extracted from the article]

Keywords: Dairy Alternatives; Shelf-stable; News EN Dairy Alternatives Shelf-stable News N.PAG N.PAG 1 05/16/23 20230510 NES 230510 Plant-based company Bettermoo(d) is looking to raise C$10m ($7.5m) with a view to launching its trademarked Moodrink in September. Bettermoo(d) said the financing will consist of 1,470,588 units, each of which consists of one common share and one common share purchase warrant exercisable at a price of C$9.80 per share for a period of 24 months. [Extracted from the article]

Hochwald Foods enters plant-based through Bärenmarke dairy brand Dairy & Soy Food, Dairy Alternatives, Vegetarian and Vegan, News, Hochwald Foods Keywords: Dairy & Soy Food; Dairy Alternatives; Vegetarian and Vegan; News; Hochwald Foods EN Dairy & Soy Food Dairy Alternatives Vegetarian and Vegan News Hochwald Foods N.PAG N.PAG 1 05/08/23 20230502 NES 230502 Germany-based dairy group Hochwald Foods is using its Bärenmarke brand to make its first foray into the plant-based market. [Extracted from the article]

Ennen was optimistic on the future of nutrition drinks to drive internal growth over the "next decade", what he deemed to be a "huge category", but was equally optimistic on dairy-alternative beverages, particularly milk variants. Keywords: Dairy Alternatives; Savoury Snacks; Vegetarian and Vegan; News; SunOpta EN Dairy Alternatives Savoury Snacks Vegetarian and Vegan News SunOpta N.PAG N.PAG 1 04/18/23 20230414 NES 230414 Canada's SunOpta has laid out a long-term target to double revenue, with plant-based beverages at the heart of its ambitions. From C$935m (US$701.6m) in SunOpta's 2022 financial year, the listed company seeks to reach C$2bn in revenue in a time frame that CEO Joseph Ennen suggested might be around five to seven years. [Extracted from the article]

Keywords: Dairy Alternatives; News; Danone EN Dairy Alternatives News Danone N.PAG N.PAG 1 04/11/23 20230405 NES 230405 Danone Manifesto Ventures, the venture capital arm of Danone, has invested in cell-based dairy and infant formula manufacturer Wilk Technologies. Israel-based Wilk, which launched in 2020, produces cultured human breast milk and animal milk. [Extracted from the article]

Keywords: Dairy & Soy Food; Dairy Alternatives; News EN Dairy & Soy Food Dairy Alternatives News N.PAG N.PAG 1 03/31/23 20230327 NES 230327 US ingredients supplier Baldwin Richardson Foods has snapped up manufacturing assets taking in aseptic products. Dairy & Soy Food, News, Dairy Alternatives. [Extracted from the article]

Keywords: Dairy Alternatives; News EN Dairy Alternatives News N.PAG N.PAG 1 03/28/23 20230324 NES 230324 New Zealand beverage co-manufacturer Free Flow Manufacturing is to open the country's first dedicated plant-based milk factory this year. "We're thrilled to have finally cracked this with Free Flow and truly believe that New Zealand will be a force to be reckoned with when it comes to producing both dairy and non-dairy milks.". [Extracted from the article]

Keywords: Dairy & Soy Food; Dairy Alternatives; Vegetarian and Vegan; News EN Dairy & Soy Food Dairy Alternatives Vegetarian and Vegan News N.PAG N.PAG 1 03/17/23 20230313 NES 230313 Australia's Norco Co-operative has joined the ranks of dairy companies that include plant-based alternatives in their product range. Citing local data from Nielsen, the co-op said "40% of dairy consumers are now incorporating plant-based milks into their diets" but added: "However, traditional non-dairy alternatives such as almond and soy milks typically lack the nutritional value and taste benefits of real dairy milk." Dairy & Soy Food, Dairy Alternatives, Vegetarian and Vegan, News. [Extracted from the article]

Keywords: Bakery and Cereal; Dairy Alternatives; Vegetarian and Vegan; Deals; News EN Bakery and Cereal Dairy Alternatives Vegetarian and Vegan Deals News N.PAG N.PAG 1 12/26/22 20221220 NES 221220 Irn-Bru brand owner A.G. Barr has acquired the remaining 38.2% equity stake in porridge and plant-based milk business Moma Foods. At the time of the initial deal, A.G. Barr said Moma oat milk was the UK's third-largest brand in the category. [Extracted from the article]

Dairy & Soy Food, Homepage, News, Emerging markets, Food M&A, Deal News, Fonterra Keywords: Dairy & Soy Food; Deal News; Homepage; News; Emerging markets; Fonterra; Food M&A EN Dairy & Soy Food Deal News Homepage News Emerging markets Fonterra Food M&A N.PAG N.PAG 1 11/22/22 20221118 NES 221118 Fonterra has sold its Chile dairy assets to Peru's Gloria Foods for CLP591.07bn (US$641m). [Extracted from the article]

Dairy & Soy Food, Grain, Nut, Rice & Seed Milk Alternatives, Analysis, Homepage, Oatly In-demand milk alternatives poised to weather storm - but how far can growth trajectory stretch? Keywords: Dairy & Soy Food; Grain; Nut; Rice & Seed Milk Alternatives; Analysis; Homepage; Oatly EN Dairy & Soy Food Grain Nut Rice & Seed Milk Alternatives Analysis Homepage Oatly N.PAG N.PAG 1 09/06/22 20220901 NES 220901 A blip has emerged across the milk-alternative landscape - rising food costs - in what is otherwise a rosy near-term outlook. [Extracted from the article]

Keywords: Dairy & Soy Food; Grain; Nut; Rice & Seed Milk Alternatives; Company News; Homepage; News; Lactalis EN Dairy & Soy Food Grain Nut Rice & Seed Milk Alternatives Company News Homepage News Lactalis N.PAG N.PAG 1 08/16/22 20220812 NES 220812 French dairy giant Lactalis Group has unveiled plans to convert a milk production facility in Canada into one manufacturing plant-based dairy products. Dairy & Soy Food, Grain, Nut, Rice & Seed Milk Alternatives, Company News, Homepage, News, Lactalis. [Extracted from the article]

Keywords: Grain; Nut; Rice & Seed Milk Alternatives; Company News; Homepage; News; Oatly EN Grain Nut Rice & Seed Milk Alternatives Company News Homepage News Oatly N.PAG N.PAG 1 08/09/22 20220804 NES 220804 Oatly is adamant its oat-based milk drinks have proved resilient to the price increases initiated to ward off input-cost inflation. Grain, Nut, Rice & Seed Milk Alternatives, Company News, Homepage, News, Oatly. [Extracted from the article]

Keywords: Grain; Nut; Rice & Seed Milk Alternatives; Company News; Homepage; News; Oatly EN Grain Nut Rice & Seed Milk Alternatives Company News Homepage News Oatly N.PAG N.PAG 1 08/08/22 20220802 NES 220802 Oatly has cut its sales outlook by as much as US$90m as the Sweden-based alternative-milk producer continues to incur bottom-line losses. Grain, Nut, Rice & Seed Milk Alternatives, Company News, News, Homepage, Oatly. [Extracted from the article]

Keywords: Dairy & Soy Food; Deal News; Homepage; News; Emmi; Food M&A; Lactalis EN Dairy & Soy Food Deal News Homepage News Emmi Food M&A Lactalis N.PAG N.PAG 1 07/29/22 20220725 NES 220725 Swiss dairy firm Emmi has sold its 25% stake in Italian cheese maker Ambrosi to French peer Lactalis for an undisclosed sum. Dairy & Soy Food, Deal News, Homepage, News, Food M&A, Lactalis, Emmi. [Extracted from the article]

Keywords: Dairy alternatives; Frozen; Meat alternatives; Refrigerated; Vegetarian and Vegan; Deals EN Dairy alternatives Frozen Meat alternatives Refrigerated Vegetarian and Vegan Deals N.PAG N.PAG 1 02/07/22 20220203 NES 220203 Venture capitalists are showing an ever-increasing appetite to invest in alternatives to meat and liquid milk. Https://datawrapper.dwcdn.net/gsw6c/7/ The biggest venture-finance deal in meat substitutes in 2021 was the $500m tranche of investment secured by US firm Impossible Foods in November. Last year, venture finance made up 61.7% of deals involving companies in the market for meat substitutes and 46.3% of transactions centred on businesses offering alternatives to liquid milk. [Extracted from the article]

Keywords: Dairy alternatives; Vegetarian and Vegan; News; Food M&A; Homepage Top Section; Katjes Group EN Dairy alternatives Vegetarian and Vegan News Food M&A Homepage Top Section Katjes Group N.PAG N.PAG 1 01/10/22 20220105 NES 220105 German food major Katjes Group has invested in local alt-dairy start-up Unmilk through its venture-capital arm Katjesgreenfood. Other investments made by Katjesgreenfood include vegan and plant-based cheese business Veganz, porridge maker Haferkater and ice-cream producer Pink Albatross. Vegetarian and Vegan, News, Food M&A, Homepage Top Section, Dairy alternatives, Katjes Group. [Extracted from the article]

Roger White, AG Barr's CEO, said: "Plant-based milk is a fast-growing category, in particular, and Moma's oat milk is a premium quality product with huge potential. Keywords: Bakery and Cereal; Dairy alternatives; News; Food M&A; Homepage Top Section EN Bakery and Cereal Dairy alternatives News Food M&A Homepage Top Section N.PAG N.PAG 1 12/13/21 20211206 NES 211206 AG Barr, the maker of Scottish soft-drink brand Irn-Bru, has acquired around 60% of Moma Foods, a London-based supplier of breakfast cereal and plant-based milk. [Extracted from the article]

The authority added companies selling dairy-free products through e-commerce will have until 30 September to inform the FSSAI of those that contain the word milk or other dairy terms. Keywords: Dairy alternatives; Vegetarian and Vegan; News; Emerging markets; Homepage Top Section EN Dairy alternatives Vegetarian and Vegan News Emerging markets Homepage Top Section N.PAG N.PAG 1 09/28/21 20210922 NES 210922 Plant-based dairy manufacturers in India will not have to delist products containing references to terms such as milk following a temporary court order. We will continue to defend our products, & ensure we will deliver our lactose-free dairy-free plant based products to consumers. [Extracted from the article]

The research, carried out by data company Spins, revealed plant-based milk sales reached $2.5bn - up 20% year-on-year - and accounted for 35% of the total plant-based food market. Retail sales of plant-based foods in the US grew by 27% in 2020, new research shows. [Extracted from the article]

The research, carried out by data company Spins, revealed plant-based milk sales reached $2.5bn - up 20% year-on-year - and accounted for 35% of the total plant-based food market. Retail sales of plant-based foods in the US grew by 27% in 2020, new research shows. [Extracted from the article]

Ya Ya Foods Corp., a family-owned contract manufacturer of plant-based beverages in Canada, has received an undisclosed investment from Chicago-headquartered Entrepreneurial Equity Partners. Mark Burgett, a managing partner at Entrepreneurial Equity Partners, said: "Ya Ya Foods has established itself in the aseptic food and beverage space by being able to consistently meet rigorous customer demands for quality and safety. [Extracted from the article]

Freedom Foods, which has a licence agreement to manufacture and distribute the Blue Diamond Almond Breeze product in Australia and New Zealand, then revealed in October it had started legal proceedings against the US firm in the Federal Court of Australia. Keywords: Freedom Foods Group EN Freedom Foods Group N.PAG N.PAG 1 04/08/21 20210308 NES 210308 The legal dispute between Australia's Freedom Foods Group and US-based almond supplier Blue Diamond will be decided by a court of arbitration in America. [Extracted from the article]

Slate Milk, a US start-up manufacturing flavoured milk drinks, has secured US$1.7m in financing from a group of investors, including the chief executive of ice-cream maker Halo Top. Lubin said in a statement: "There's a ton of exciting innovation in the plant-based milk space, but where we see the larger opportunity to innovate is in the real milk space. [Extracted from the article]

Milk-alternative business Sproud based in Sweden has received GBP4.8m (US$6.5m) in funding from venture-capital investor VGC Partners in London. Parminder Basran, who founded VGC in 2011, added: "We believe Sproud has the potential to become a global leader in the huge and growing dairy-alternative market, owing not only to its superior taste and nutrition profile, but also due to its positive environmental and sustainability credentials. [Extracted from the article]

Refocused Australian food manufacturer Health and Plant Protein Group has invested in EVR Foods, the holding company behind US plant-based yogurt brand Lavva. HPP's backing for Lavva is through a co-investment package with US venture-capitalist S2G Ventures, which also bought $300,000 of notes issued by the New York-based firm. [Extracted from the article]

Israeli-based animal-free start-up Remilk has secured US$11.3m from a group of investors, including German cheese producer Hochland and local dairy business Tnuva. Remilk produces an alternative to traditional milk without the need for cows using a microbial fermentation technology, which reproduces milk proteins to be used in dairy products. [Extracted from the article]

Freedom Foods "nears sale of cereal and snacks division to KKR" Keywords: Freedom Foods Group EN Freedom Foods Group N.PAG N.PAG 1 01/07/21 20201216 NES 201216 Reports in Australia suggest Freedom Foods Group is close to disposing of its cereal and snacks division. The company said in June it had engaged professional firms Ashurst and PwC to assist with its internal investigation into possible fraudulent activity. just-food contacted KKR seeking confirmation of the Australian media reports. [Extracted from the article]

Chile plant-based business NotCo has made good on its ambition to enter the US with the launch of its alternative-milk product in Whole Foods Market stores across the country. The company says its products are developed using artificial intelligence (AI) technology and machine-learning algorithms. [Extracted from the article]