11 Mai 2017
NCN News. Nutrition Capital Network summarizes mergers & acquisitions and investments in the nutrition, natural product, health & wellness, and green product sectors. Nutriati raises $8 million to turn chickpeas into protein powder. Nutriati Inc. Founded in 2. Nutriati has developed a process for turning chickpeas into a protein powder that can serve as a substitute ingredient for eggs, wheat, soy, and milk in food products such as snack bars, healthy shakes, and cake mixes, the article said.
Pillan, a partner with Powerplant Ventures and co- founder of the Veggie Grill restaurant chain, joins Nutriati’s board of directors, along with David Atkinson, a managing partner of Tate & Lyle Ventures. Powerplant Ventures and Tate & Lyle Ventures are both NCN Cornerstone Investors.
Danone closes White. Wave acquisition but will sell Stonyfield Danone (Paris, France) has closed its acquisition of White. Wave (Denver, Colo.) following a decision to sell its U. S. Department of Justice antitrust concerns. Stonyfield has $3. A pioneer in organic and natural yogurt, Stonyfield Farm was founded in 1. Samuel Kaymen and Gary Hirshberg.
Danone bought out Stonyfield fully in 2. White. Wave brands include Horizon Organic dairy, Silk soymilk, and Earthbound Farm organic produce in the United States, and Alpro and Provamel in Europe.
Danone and White. Wave will combine activities in North America to operate as a Strategic Business Unit named Danone. Wave. Danone generated sales of approximately . Post to acquire Weetabix Ltd. Post Holdings Inc. Louis, Mo.) will acquire Weetabix Limited (Kettering, UK) from Bright Food Group (Shanghai, PRC) and an investment fund in a deal worth $1. Weetabix is the leading RTE cereal brand in the UK, with the company ranking second in the category overall.
In North America, Weetabix has a natural and organic cereal and snack platform that includes Barbara’s and Puffins brands. Post will establish a joint venture with Bright Food to manage Weetabix's China operations. Post expects Weetabix to contribute approximately . Bright Food took a majority stake in Weetabix in 2. China. Post’s brands include Grape- Nuts, Raisin Bran, and Honey Bunches of Oats. Post acquired Power. Bar from Nestl. Their mission to bring .
Co- Founders Mark Ramadan and Scott Norton will continue in their roles at Sir Kensington’s. Terms of the deal were not disclosed. Unilever is an NCN Cornerstone Investor. Traditional Medicinals receives investment from The Builders Fund.
The Builders Fund has made a minority investment in Traditional Medicinals (Sebastopol, Calif.), a pioneer in the North American wellness and herbal tea category. Builders Fund is the first investor (other than “friends and family”) in the company’s 4.
Traditional Medicinals plans to use proceeds for growth and to provide liquidity to employee shareholders. The Builders Fund also announced closing $3. Frutarom makes acquisitions in France and Vietnam. Frutarom Industries Ltd. The French flavors and natural extracts company has annual sales of $1. It is Frutarom’s first purchase in the French market. Frutarom also announced buying 6.
Vietnamese company Western Flavors Fragrances Production for approximately $1. The acquisition is part of Frutarom’s strategy to expand significantly in Asia.
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These two deals follow the purchase of the South African flavors company Unique Flavors earlier in the year. Since the beginning of 2. Frutarom has acquired 2. Powerplant Ventures leads majority investment in Beanfields Snacks. Beanfields Snacks (Los Angeles), a maker of bean and rice tortilla chips, has announced a partnership with Mark Rampolla, Bruce Friedman, and Powerplant Ventures. Powerplant Ventures is a “plantcentric” venture fund co- founded by Mark Rampolla and Veggie Grill restaurant chain founders.
Rambolla founded ZICO Coconut Water, sold to Coca- Cola in 2. Beanfields has also launched an equity and revenue sharing partnership with a local Los Angeles non- profit, Homeboy Industries, a gang intervention and rehabilitation program. Beanfields was founded in 2. Reed Glidden, wife Liza Braude- Glidden, and his brother Roy Glidden. Powerplant Ventures is an NCN Cornerstone Investor. Love Grown partners with Cimbria Capital. Love Grown (Denver, Colo.), a maker of natural breakfast cereals, has announced a strategic partnership with Cimbria Capital to prepare for global expansion.
Founded in 2. 00. Love Grown started out selling Oat Clusters toasted granola and now offers an assortment of nutritionally dense breakfast foods, including instant oatmeal cups, Super Oats hot cereal blends, Power O's, and Kids cereals made from navy beans, lentils, and garbanzo beans. Love Grown products are sold in more than 1. North America. Kidfresh frozen meals secures significant growth investment. Kidfresh (New York, N. Y.), a growing brand of better- for- you frozen meals for children, has closed a Series B equity round of about $1.
Monogram Capital Partners, alongside existing investors Emil Capital Partners and Accel. Foods. Founded by Matt Cohen and Gilles Deloux, Kidfresh has grown into a nationally distributed line of frozen meals offering “reinvented” children's favorites enriched with vegetables and containing no artificial flavors, colors, or preservatives. Funds will be used to accelerate growth, expand the Kidfresh team, drive brand awareness and support expansion into new channels. Kidfresh was a presenting company at Nutrition Capital Network’s inaugural investor meeting NCN I in San Francisco in 2. Pepsi. Co Europe launches Nutrition Greenhouse incubator.
Pepsi. Co announced a call for entrepreneurs to take part in the Pepsi. Co Nutrition Greenhouse, a collaborative incubator program designed to nurture the growth of emerging nutrition and health and wellness brands in the food and beverage sector. The program focuses on products aimed at European consumers and 8 companies will receive a . At the end of the program, one winning team will be awarded a . Food and agtech accelerator program Terra gets underway. Rabobank and Rocket. Space have chosen 1.
Terra, a food and agtech accelerator. The accelerator program kicked off at Rocket. Space’s tech campus in San Francisco on April 7, starting with eight weeks of workshops and mentoring followed by an eight- week pilot phase. According to Rocket. Space, candidates were selected for their potential to change industries by introducing disruptive technologies.
Companies include Arc- net (Belfast, UK), Aromyx (Palo Alto, CA), Biomarker. San Francisco, CA), Blue Prairie Brands (Scottsbluff, NE), Brio Agtech (Fresno, CA), Chinova Bioworks (Fredericton, NB, Canada), Clear Labs (Menlo Park, CA), Juice. Innov. 8 (Bangkok, Thailand), H2. HYDROPONICS (Nigr. Before relying on any NCN News item the information should be independently verified. BEFORE Brands secures $3. Series B funding BEFORE Brands Inc.
BEFORE Brands products are based on nutritional strategies that include potentially allergenic foods as a regular part of a healthy diet. The round will enable BEFORE Brands to launch its first line of proprietary dietary supplements, including the novel Early Adaptive Training protein blend with vitamin D, later in 2.
The products are based on insights and IP developed by Dr. Kari Nadeau, pediatrician and Director of the Sean N. Parker Center for Allergy and Asthma Research at Stanford University, and licensed to BEFORE Brands by Stanford University on an exclusive, global basis. Two new directors will join the board: Christopher Viehbacher, managing partner of Gurnet Point Capital and former CEO of Sanofi SA, and Greg Horn, CEO of Specialty Nutrition Group Inc.
Funds will be used to drive national availability of the brand’s probiotic- rich foods and beverages, including Gut Shots probiotic drinks. Farmhouse Culture has been in the fermented foods business since founder Kathryn Lukas started selling sauerkraut at a Santa Cruz, Calif. The company has since expanded probiotics into other food categories including fermented vegetables like beets, carrots and cauliflower, in addition to Kraut Krisps, a chip made with sauerkraut. Farmhouse Culture is the seventh brand that 3. Inc. Terms were not disclosed. Duke's is a high- quality smoked meat snack brand made in small batches with whole ingredients, fresh meats, 1. BIGS produces premium seed snacks.
Conagra currently manages the Slim Jim meat stick brand and the DAVID Seeds brand. The Duke's and BIGS brands will continue operating out of Boulder. Tate & Lyle and Sweet Green Fields form partnership for stevia ingredients. Tate & Lyle PLC and Sweet Green Fields have entered into an exclusive partnership to deliver innovative stevia ingredients and solutions to customers worldwide.
The partnership combines Tate & Lyle’s sweetener expertise and global sales and distribution network with Sweet Green Fields’ portfolio of stevia- based ingredients and supply chain. The partnership aims to meet growing global consumer demand for healthier food and beverages with natural ingredients and fewer calories or less sugar. Sweet Green Fields lines of steviol glycosides include non- GMO ingredients, certified organic stevia, the sugar- like proprietary stevia extract INTESSE, and the cost- competitive Optimizer stevia series.
Sweet Green Fields was founded in 2. Landec to buy producer of natural and organic oils and vinegars. Landec Corporation (Menlo Park, Calif.), a developer of health and wellness solutions for the packaged food and biomaterial markets, has agreed to purchase O Olive Oil Inc. In 2. 01. 6 O Olive had approximately $3.
Founded in 1. 99. O Olive produces California specialty olive oils and wine vinegars; its products are sold in over 4,6.
According to data cited by Landec, the market for oils and vinegars in U. S. Within the specialty vinegar category, natural products are 6. Landec's food subsidiary Apio Inc. Drink Maple attracts $3.
Drink Maple Inc. Albans, Vt.) has raised approximately $3. U. S. Securities and Exchange Commission at the end of February.
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