Finances and Deals

DSM acquires dairy flavoring maker First Choice Ingredients for $453M

The manufacturer uses fermentation and enzymatic modification to create hundreds of clean-label ingredients for both traditional and plant-based applications.

By Jessi Devenyns • Sept. 09, 2021

Kraft Heinz paying $62M to settle SEC investigation over its accounting

The agency said the CPG giant engaged "in a long-running expense management scheme" that resulted in the restatement of several years of financial reporting. The company did not admit to or deny the findings.

By Christopher Doering , Megan Poinski • UPDATED: Sept. 3, 2021 at 9:40 a.m.

Kellogg's VC arm doubles down on duckweed in $21.5M funding round

For the second time in a little over a year, Eighteen94 Capital has invested in Plantible, a startup that is developing a protein from the aquatic plant said to be indistinguishable from animal protein.

By Jessi Devenyns • Sept. 02, 2021