Packaged Facts Analyst Comments on JBS Acquisition of Cultivated Meat Company

Cultivated meat products, which are lab-grown alternatives to meat that are produced by in vitro cell cultures of animal cells, are seeing rapid product development as many consumers are increasingly looking for alternatives to meat that are better for the environment or animal welfare.

As consumers have increasingly been adopting plant-based meat alternatives in their diet, food producers have been investing in the alt-meat space (plant-based and cultivated meat products) to take advantage of massive growth opportunities. Packaged Facts projects that the U.S. market for...

Merger Project between the Eureden Group and the Company André Bazin

The Breton agri-food group Eureden and the Franche-Comté company André Bazin, specialist in charcuterie products for the ready-to-eat industry, are working on a merger which should materialize by the end of the year subject to the fire. green from the Autorité de la concurrence. The objective of this merger is the creation of a leader in charcuterie around naturalness, terroirs and brands.

The Breton agrifood group Eureden has among its 20,000 members a large number of breeders, and in particular pig breeders. In addition...

GrubMarket Expands to Canada through Acquisition of Funtech Software

GrubMarket today announced it has completed the acquisition of Vancouver-based Funtech Software, a provider of comprehensive eCommerce systems and online grocery software solutions to both online grocery companies and brick-and-mortar grocery stores, enabling them to manage their business online and reach more consumers. This marks GrubMarket's first acquisition in Canada, and the formation of GrubMarket's first overseas software technology R&D center, leveraging the rich software engineering resources in the Vancouver area.

Founded in 2017 by Sam Qi, Funtech designs, develops and supports eCommerce storefronts across platforms...

Kraft Heinz Completes Purchase of Assan Foods, Expanding Presence in Key Growth Markets

The Kraft Heinz Company announced today that it has completed the purchase of Assan Foods from privately held Turkish conglomerate Kibar Holding. The proposed deal was first announced on June 11, 2021.

Assan Foods, headquartered in Istanbul, is a rapidly growing sauces-focused business with local manufacturing facilities in Balikesir and Izmir, Turkey. Assan Foods has been a certified Kraft Heinz production partner since 2019 and offers Kraft Heinz the opportunity to further build its retail and foodservice businesses across Europe, the Middle East, and Africa...

Del Taco Signs New 10-Unit Franchise Development Agreement in Virginia Beach

Del Taco Restaurants, Inc., the nation’s second largest Mexican quick service restaurant*, has signed a deal with successful franchisees Bharat Patel and Steve Kissel of Virginia Taco, LLC (“Virginia Taco”) to open 10 units in the state of Virginia – a new state on the Del Taco roster. The deal will give the franchise group rights to open in Virginia Beach, Chesapeake, Portsmouth, Norfolk, Hampton, and Newport News and helps pave the way for additional growth in Southern Virginia and throughout the Carolinas.

“Since inception in 2000, we’ve been able to rapidly expand our portfolio to include household names such as Subway, Tropical Smoothie, Mahi’s and more and are thrilled to add Del Taco to that list,” said Bharat Patel, CEO of Virginia Taco. “Del Taco is an influential brand,