Food Tech

Green Plains Releases 2023 Sustainability Report

Retrieved on: 
Tuesday, April 9, 2024

Green Plains Inc. (NASDAQ:GPRE) today released its 2023 Sustainability Report, outlining priorities and targets related to the planet, people and principles.

Key Points: 
  • Green Plains Inc. (NASDAQ:GPRE) today released its 2023 Sustainability Report, outlining priorities and targets related to the planet, people and principles.
  • The fourth annual report highlights continued progress on Green Plains’ carbon reduction strategies, advancements in technology innovations and partnerships, and attainment of certifications for food safety and sustainability.
  • “Our longstanding commitment to sustainability and innovation has made Green Plains a leader in providing low carbon-intensity, sustainable ingredients,” said Todd Becker, President and Chief Executive Officer of Green Plains.
  • As we transform, our dedicated team of employees continually builds new pathways to achieving our sustainability goals, evolving our focus and enhancing our capabilities.”
    The following achievements, among many others, are outlined in the 2023 Sustainability Report:
    Achieved a sustainability certification from EcoVadis, one of the world's leading sustainability ratings companies
    Achieved a 56% reduction in our 2023 OSHA recordable injury rate over our 2020 baseline, far exceeding our goal of a 35% reduction by 2025

Buyers Edge Platform Announces $425M Preferred Equity Investment Led by General Atlantic Credit’s Atlantic Park Fund, Alongside Blackstone Tactical Opportunities and Morgan Stanley Tactical Value

Retrieved on: 
Monday, April 8, 2024

Buyers Edge Platform (the “Company”), a leader in digital procurement solutions for the foodservice industry, today announced a $425M preferred equity investment from a consortium led by General Atlantic Credit’s (“GA Credit”) Atlantic Park fund, alongside funds managed by Blackstone Tactical Opportunities (“Blackstone”) and investment funds managed by Morgan Stanley Tactical Value (“MS Tactical Value”).

Key Points: 
  • Buyers Edge Platform (the “Company”), a leader in digital procurement solutions for the foodservice industry, today announced a $425M preferred equity investment from a consortium led by General Atlantic Credit’s (“GA Credit”) Atlantic Park fund, alongside funds managed by Blackstone Tactical Opportunities (“Blackstone”) and investment funds managed by Morgan Stanley Tactical Value (“MS Tactical Value”).
  • Buyers Edge Platform was founded in 1998 with the mission of revolutionizing the foodservice industry through technology, purchasing power, and partnership.
  • Buyers Edge Platform partners with stakeholders across the industry value chain, including operators, distributors, and manufacturers, providing data visibility and purchasing transparency.
  • J.P. Morgan Securities LLC and William Blair & Company, LLC served as placement agents to Buyers Edge Platform.

Zebra Technologies Launches New Sustainability Partner Recognition Program Globally

Retrieved on: 
Monday, April 8, 2024

Zebra Technologies Corporation (NASDAQ: ZBRA), a leading digital solution provider enabling businesses to intelligently connect data, assets, and people, today announced the launch of its Sustainability Partner Recognition Program to acknowledge channel partners who implement Zebra solutions to achieve sustainable outcomes.

Key Points: 
  • Zebra Technologies Corporation (NASDAQ: ZBRA), a leading digital solution provider enabling businesses to intelligently connect data, assets, and people, today announced the launch of its Sustainability Partner Recognition Program to acknowledge channel partners who implement Zebra solutions to achieve sustainable outcomes.
  • “Our Sustainability Partner Recognition Program is important because our end-user customers are increasingly asking us to help them leverage digital and automation solutions to drive sustainable outcomes,” said Bill Cate, Vice President, Marketing, Portfolio and Ecosystems, Zebra Technologies.
  • To qualify for the Sustainability Partner Recognition Program, partners demonstrate a minimum of three new sustainability solution deployments.
  • Zebra has launched its Sustainability Partner Recognition Program to support customers by honoring partners that are achieving sustainable business outcomes.

JBT Corporation Announces the Execution of a Definitive Transaction Agreement with Marel hf., Representing a Significant Milestone Towards the Anticipated Launch of a Voluntary Takeover Offer for All Marel Shares

Retrieved on: 
Friday, April 5, 2024

(ICL: Marel) have executed a definitive transaction agreement related to JBT’s previously announced intention to make a voluntary takeover offer for all of the issued and outstanding shares of Marel.

Key Points: 
  • (ICL: Marel) have executed a definitive transaction agreement related to JBT’s previously announced intention to make a voluntary takeover offer for all of the issued and outstanding shares of Marel.
  • The transaction agreement includes the terms of the offer and other important governance, social, and operating items relating to the proposed business combination of JBT and Marel.
  • Pending final approval by the FSA, JBT currently expects to launch the offer in May 2024.
  • The transaction is expected to close by the end of 2024, subject to regulatory clearance and applicable shareholder approvals.

NatureWorks and IMA Announce Turn-Key Compostable Coffee Pod Solution Compatible for North America

Retrieved on: 
Thursday, April 4, 2024

NatureWorks , a leading manufacturer of polylactic acid (PLA) biopolymers made from renewable resources, has optimized a compostable coffee pod solution compatible with Keurig® brewers for the North American market.

Key Points: 
  • NatureWorks , a leading manufacturer of polylactic acid (PLA) biopolymers made from renewable resources, has optimized a compostable coffee pod solution compatible with Keurig® brewers for the North American market.
  • The partnership between NatureWorks and IMA Coffee began in April 2021 with accelerated testing announced in February of 2022.
  • IMA Coffee and NatureWorks presented on this new coffee pods solution at the AMI Single-Serve Capsules conference held from March 19-20 in Boston, MA.
  • View the full release here: https://www.businesswire.com/news/home/20240404501499/en/
    Every IMA Coffee pod filling and sealing machine can handle compostable coffee pods made from Ingeo™ PLA biopolymer.

Ferry-Morse Celebrates National Gardening Day with Annual “Garden Get-Together” Facebook Live

Retrieved on: 
Thursday, April 4, 2024

The event is free and will begin at 2:00PM EST on the Ferry-Morse Facebook page .

Key Points: 
  • The event is free and will begin at 2:00PM EST on the Ferry-Morse Facebook page .
  • Just in time for National Gardening Day on April 14, the event will share inspirational gardening tips and fresh, garden-to-table recipes made with ingredients grown from Ferry-Morse’s collection of seeds and plants.
  • The virtual event invites gardeners, home chefs, and foodies alike to enjoy interactive demonstrations hosted by popular creators as well as Ferry-Morse’s gardening experts.
  • For more information and to save the date for Ferry-Morse’s Garden Get-Together, visit https://ferrymorse.com/pages/ferry-morse-garden-get-together-live-2024 and tune in on Facebook Live at 2:00PM EST on Tuesday, April 9, 2024.

Introducing Quailia, A Brand New Food Invented from Japanese Quail, Found Only in Forged Parfait

Retrieved on: 
Thursday, April 4, 2024

For the first time in history, Quailia signifies a new frontier in meat innovation and can only be experienced in Forged Parfait , the flagship product from Vow’s Forged brand.

Key Points: 
  • For the first time in history, Quailia signifies a new frontier in meat innovation and can only be experienced in Forged Parfait , the flagship product from Vow’s Forged brand.
  • View the full release here: https://www.businesswire.com/news/home/20240403637810/en/
    Introducing Quailia, an entirely new food carefully crafted from a subspecies of the Japanese quail, available now in Singapore.
  • For the first time in history, Quailia signifies a new frontier in meat innovation and can only be experienced in Forged Parfait, the flagship product from Vow’s Forged brand.
  • Forged Parfait will continue to roll out at some of the finest Singapore restaurants soon.

AI Powered Convenience Store Chain Re-Up to Deploy Autonomous Kitchens

Retrieved on: 
Tuesday, April 2, 2024

Re-Up , the world’s first AI-powered convenience store, redefining gas stations with cutting-edge technology, today announced that the company will be installing autonomous robotic chefs at a variety of locations powered by Nala Robotics , an AI technology company revolutionizing the culinary industry.

Key Points: 
  • Re-Up , the world’s first AI-powered convenience store, redefining gas stations with cutting-edge technology, today announced that the company will be installing autonomous robotic chefs at a variety of locations powered by Nala Robotics , an AI technology company revolutionizing the culinary industry.
  • The Wingman by Nala Robotics is an autonomous fry station that can easily be added or configured to any restaurant or commercial food service operation.
  • "By harnessing the power of AI, we are able to provide our customers with convenient, personalized, and safe shopping and dining experiences.
  • At the same time, customers get to choose from an assortment of great-tasting food items just the way they like it.”

China Restaurant Market Analysis 2024: A US$939.32 Billion Market by 2029, with Compound Annual Growth of 7% Forecast During 2024-2029 - ResearchAndMarkets.com

Retrieved on: 
Monday, April 1, 2024

China's restaurant market value stood at US$625.21 billion in 2023, and is expected to reach US$939.32 billion by 2029.

Key Points: 
  • China's restaurant market value stood at US$625.21 billion in 2023, and is expected to reach US$939.32 billion by 2029.
  • Transaction volume (dining frequency) of the Chinese restaurant market was 175.65 billion in 2023.
  • In addition, on the basis of segment, China full-service restaurant market is further divided into Asian food, pizza, and others.
  • Therefore, increasing demand for prepared or on-the-go food is expected to boost the growth of overall China restaurant market in the forecasted period.

Global Functional Milk Outlook & Forecasts Report 2024-2029: A Highly Fragmented $40+ Billion Market with ABBOTT, Danone, Lactalis International, and Nestle Dominating - ResearchAndMarkets.com

Retrieved on: 
Thursday, March 28, 2024

The "Global Functional Milk Market - Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Functional Milk Market - Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.
  • Despite this fragmentation, a few key players, including Nestle, Danone, Abbott, and Lactalis International, wield significant influence, holding substantial functional milk market shares.
  • APAC dominated the global functional milk market share, accounting for over 31% in 2023.
  • The global functional milk market by applications is segmented into immunity & disease management, weight management, and clinical nutrition.