Month: June 2021

SK Capital Reaches Agreement to Sell Niacet for $1,015M

June 25, 2021 SK Capital

An affiliate of funds advised by SK Capital Partners, LP announced that it reached agreement to sell Niacet Corp. to Kerry Group plc, the global taste and nutrition company, for $1,015m on a cash-free, debt-free basis, subject to customary closing adjustments. Niacet is a global market leader in technologies for preservation. It has clear leadership positions in Bakery and Pharma, and cost-effective low-sodium preservation systems for Meat and plant-based food across both conventional and clean label solutions. …

Open Sesame, Just Not for Me

June 25, 2021 Mark Crouser for AIB International

The FASTER Act expands the definition of a “major food allergen” for purposes of certain food-labeling requirements to specifically include sesame. In effect, the law makes sesame the ninth major allergen here in the United States, requiring that packaging be labeled when the food contains sesame as an ingredient. …

Barry Callebaut to Acquire Europe Chocolate Company in Belgium

June 25, 2021 Barry Callebaut

The Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, has signed an agreement to acquire Europe Chocolate Company (ECC), a Belgian privately-owned B2B manufacturer of chocolate specialties and decorations. …

UniPro Foodservice Announces Organizational Changes

June 25, 2021 UniPro Foodservice

UniPro Foodservice, the country’s premier foodservice distribution buying group, is pleased to announce several organizational changes effective July 5. …

Nestle Unit to Open Second Meal Hub in Georgia, Hiring 665

June 25, 2021 Associated Press

Freshly announced the Clayton County project Tuesday, four months after it announced a $3.2 million center in Austell projected to employ 250 people. …