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Lab-grown meat could spur global warming more in the long-term than some types of cattle farming, according to a study published by the Oxford Martin School. The researchers found over a 1,000-year period, production of cultured meat could increase global warming more if the process depended heavily on high-carbon energy. However, growing meat in urban laboratories could free up land for storing carbon in vegetation or other ways, reported Reuters. Full Story
Conagra Brands is expanding its Birds Eye facility in Beaver Dam, WI. It plans to invest approximately $78 million to modernize and expand the 350,000-sq. ft. cold storage and vegetable packaging facility, reported Area Development. Full Story
Lipari Foods acquired Troyer Cheese Inc., as well as its properties, Troyer Bros. Trucking Ltd. and Amish Wedding Foods Inc. Through the acquisition, Troyer plans to continue building its specialty food manufacturing capabilities and extending its geographic reach across the Midwest. Full Story
Kidfresh closed a round of funding led by existing institutional investors. The financing will be used to accelerate growth, drive further brand awareness and support Kidfresh's new product innovation strategy. Full Story
Hormel Foods Corp. agreed to sell its sports nutrition brand CytoSport, maker of Muscle Milk, to PepsiCo. Pepsi has been a long-standing distribution partner of the brand. The transaction is expected to be completed in 30 to 60 days. Full Storyread more
December 20, 2019 (Upper Saddle River, NJ) - The Food Institute forecasts eating away-from-home sales growth will outpace at-home in 2019, according to its webinar "An Honest Look at 2019 Food Industry Trends.” Brian Todd, president of The Food Institute, predicts 5.1% growth for eating and drinking places in the coming year and 2.8% growth for food and beverage stores.
First, there was Fight for $15. Then, diners demanded that wait staff be paid a fair wage. Now, their delivery counterparts are fighting for similar protections.read more
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