In this week’s issue of Food Venture Financing News, multinational food processing company, TreeHouse Foods, has announced plans to sell one of its snack businesses and manufacturing plants to John B. Sanfilippo & Son. The deal, reported to be worth an estimated $63 million in cash, is expected to conclude within the coming 30 days.
Further spotlighting the ever-evolving foodtech sector, Eat Just, renowned for its plant-based eggs and cultivated chicken, has managed to successfully raise approximately $16 million in its most recent funding round. Key financial details and specifics of this development have yet to be released.
Continually proving the vast appeal and investment into the foodtech industry, these funding developments show the level of financial interest in such ventures. With companies constantly exploring innovative ways to meet consumer demands, and investors looking for sustainable and profitable opportunities, episodes like these are becoming increasingly common.
For more details about these transactions and other related news, check the original report by Davis Wright Tremaine LLP on JD Supra.