Page 7 - Food & Drink Magazine April 2020
P. 7
Food & Drink , 153 x 237 mm, CC-en46-AZ419 03/20
NEWS
to China Mengniu Dairy for $600 million.
It was given the green light by the Australian Competition and Consumer Commission
in February, but is still awaiting completion.
Kirin’s strategy to “abandon all non-beer businesses” in its KV 2027 plan aims to meet the company’s commitment “to growing the beer business but recognises the structural market challenges”. ✷
the food industry to better align around the evolving values of consumers who are focused on climate change, animal welfare, and human health.”
Brands under the LiveKindly Co portfolio offer consumers non-GMO, plant-based meat alternatives, such as The Fry Family Food Co. and LikeMeat.
The company has an equity stake in vertically integrated player of non-GMO, plant-based ingredients Puris Holding, making LiveKindly one of the only companies in the plant- based sector to own and operate the entire value chain of production.
The founders’ round of funding will be used for further acquisitions, scaling the current plant-based food portfolio of brandsandinvestments. ✷
