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General Mills Invests In Faux Fish

General Mills has made another big investment in a plant-based analogue protein company. GM’s 301 Inc. venture-capital fund is one of the biggest contributors to a stake of more than $32 million in Good Catch, a tuna substitute made from plants. The product, put out...

Grupo Bimbo acquires Lender’s Bagels

MEXICO CITY — Bimbo Bakeries USA, Inc., a business unit of Grupo Bimbo S.A.B. de C.V., has acquired the Lender’s Bagels business from Conagra Brands, Inc., Chicago. Terms of the transaction were not disclosed. Read full post here.

Borden Dairy Declares Bankruptcy

In another sign of the tough environment for liquid milk, Borden Dairy Co. has filed for bankruptcy. Borden, the second-largest American milk processor, said in its Jan. 6 Chapter 11 filing that it incurred $42.4 million in losses in 2019 and $14.6 million in 2018....

Nestlé Introduces Faux Meat Lasagna, Pizza

Nestlé will roll out meat-analogue versions of two of its top-selling frozen foods: Stouffer’s lasagna and DiGiorno pizza. The products will be made with analogue ground beef from Sweet Earth, the meat-substitute company acquired by Nestlé two years ago. It will be...

Molson Coors Moving to Chicago

Molson Coors will relocate its headquarters from Denver to Chicago, part of a general restructuring and retrenchment by the world’s second-biggest brewer. The move will make the company’s existing Chicago offices its worldwide headquarters. Chicago already is home to...