Dairy Drinks

Image credit: Neutral Foods

‘Carbon neutral’ dairy co raises $12m

By Elaine Watson

Organic pasture-raised dairy co Neutral Foods – which is billing itself as a ‘carbon neutral’ brand through a combination of carbon reduction initiatives and offsets - has raised $12m in a series A round led by Breakthrough Energy Ventures.

Quantum produces fructo-oligosaccharides (FOS) and galacto-oligosaccharides (GOS). Pic: Getty Images/ddukang

Tate & Lyle to acquire Chinese dietary fiber business

By Jim Cornall

Tate & Lyle PLC has signed an agreement to acquire Quantum Hi-Tech (Guangdong) Biological Co., Ltd (Quantum), a prebiotic dietary fiber business in China from ChemPartner Pharmatech Co., Ltd (ChemPartner) for a total consideration of $237m.

Orgain produces protein-based shakes, powders and snacks. Pic: Getty Images/RossHelen

Nestlé Health Science to buy majority stake in Orgain

By Jim Cornall

Nestlé Health Science has agreed to purchase a majority stake in Orgain, a plant-based nutrition company, from its founder Dr Andrew Abraham and Butterfly Equity, who will continue to be minority share owners.

Around 70% of Scholle IPN revenues are in food and beverages.  Pic: SIG/Scholle IPN

SIG to acquire packaging company Scholle IPN

By Jim Cornall

SIG has entered into an agreement to acquire 100% of Scholle IPN, a privately held company, for an enterprise value of €1.36bn ($1.53bn) and an equity value of €1.05bn ($1.18bn).

SIG has launched SIGNATURE EVO, the world’s first aluminum-free full barrier packaging materials for aseptic carton packs. Pic: SIG

SIG debuts SIGNATURE EVO

By Jim Cornall

SIG has announced the launch of SIGNATURE EVO, which it said is the world’s first aluminum-free full barrier packaging material for aseptic carton packs.