NEW TECH FOODS

The Magnum Ice Cream Company (TMICC) has announced a partnership with foodtech firm NotCo to accelerate innovation in the US market.

Innovative methods of producing food through fermentation could add nearly £10 billion to the UK economy by 2050, according to new analysis.

Krones has announced significant expansions to its portfolio with the acquisition of a 60% stake in GHS Separationstechnik and the full takeover of Can Systems Worldwide (CSW) based in the Netherlands.

Swedish foodtech company SMAQO has closed a funding round to support the development and launch of its first hybrid mycoprotein-based products.

Aleph Farms has signed a memorandum of understanding (MoU) with The Cultured Hub to set up its first European production facility in Kemptthal, Canton Zurich.

Tetra Pak and Danish biotech company Swan Neck Bio have joined forces to tackle one of the biggest challenges in producing fermentation-based foods at scale – preparing the seed culture.

Food Founders Studio has closed its initial funding round of CHF 1.2 million (approx. $1.5 million) and unveiled its first venture, a plant-based flavour improvement technology developed with a European university partner.

NoPalm Ingredients has promoted Julie Cortal-Oosterveer to the role of chief commercial officer as the company accelerates its push toward industrialisation and commercialisation.