Page 8 - Food&Drink magazine November-December 2022

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Carman’s acquires Fruit Wise
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Fruit Wise founders Virginia and Bridget Beal with Carman’s founder Carolyn Creswell.
For Fruit Wise managing director Bridget Beal, selling the 15-year-old family business to Carman’s felt like the right move.
“After speaking with Carolyn we knew straight away that this was the right move for Fruit Wise.
We wanted to make sure we were passing over the reins to someone just like Carolyn, who shared the same outlook about delicious and healthy snacking and looking after
Aussie families. We can’t wait to watch Fruit Wise grow under the care of Carman’s.”
Fruit Wise will stay at its Adelaide Hills location. ✷
RESULT GROUP
MAKES ITS MARK
Result Group has brought ‘natural branding’ to the Australian market, with the introduction of the new EcoMark Natural Branding machine.
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CARMAN’S ACQUIRES FRUIT WISE
Australian cereal and snack manufacturer Carman’s has acquired snack brand Fruit Wise. It is the first acquisition for Carman’s.
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MAGGIE BEER CEO RESIGNS
CEO and managing director of Maggie Beer Holdings Chantale Millard says she will resign at the end of the calendar year.
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AUSTRALIAN cereal and snack manufacturer Carman’s has acquired snack brand Fruit Wise. It is the first acquisition for Carman’s, with founder Carolyn Creswell saying the deal stemmed from a phone call.
Creswell said, “My kids have loved Fruit Wise fruit straps for over 15 years. Given how much we all loved the product, I
decided to pick up the phone to see if there was any opportunity to work together.
“After a year
of discussions, our unparalleled similarities and outlook on healthy snacking helped us finalise what is now Carman’s first ever acquisition.”
MONDELEZ CEO FLIES IN FOR CADBURY
Vow opens largest cultured meat facility in Southern Hemisphere
MILESTONE
CEO of Mondelez International Dirk Van de Put visited Australia for the first time in four years, to see Dairy Milk, Caramilk and Old Gold family blocks come
off the production line
wrapped in 30 per cent recycled soft plastic packaging.
DAIRY TECH BREAKTHROUGH
In a world first, Australian dairy tech company Naturo has developed a 100 per cent fresh and natural milk that is twice as digestible as other processed cows milk on the market.
AUSTRALIAN cultivated meat start-up Vow has opened the first of two planned facilities, with its first commercial product on track for launch by then end of the year.
Factory 1 can produce
30 tonnes of cultured meat a year, making it the largest plant in the Southern Hemisphere.
Plans for Factory 2 are well underway, with the first stage of production scheduled for H2FY24. It will be roughly
100 times the scale of Factory 1.
Founded in 2019 by Tim Noakesmith and George Peppou, Vow is built on their mission to “make better meat for meat lovers”.
After several successful production runs, the plant was officially opened by New South Wales treasure and energy minister Matt Kean.
Vow co-founder and CEO
VITASOY INT SURPRISES BEGA Bega was surprised to learn through a statement on the Hong Kong stock exchange that its Vitasoy Australia JV partner, Vitasoy International, intended to acquire Bega’s share of the plant-based dairy business.
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L-R: Vow co-founder and CEO George Peppou, New South Wales Treasurer Matt Kean, Vow co-founder Tim Noakesmith.
Jeff Hastings, CEO of Naturo.
George Peppou said the facility meant it was operating on a world leading scale in less than four years and with a fraction of the capital many cultivated meat companies have secured.
Some of Vow’s investors are Blackbird, Square Peg, Grok and Tenacious Ventures.
The plant is located with the company’s existing R&D facility, allowing NPD and commercial production all under one roof.
Vow has submitted its first product for regulatory approval, with its first product on track to launch in Singapore before then end of 2022. ✷
8 | Food&Drink business | November-December 2022 | www.foodanddrinkbusiness.com.au