Meter Group acquires moisture control guru Drying Technology Inc.

U.S – METER Group, a United States based innovator of air, water and food safety equipment, has announced that it has acquired Drying Technology Inc., a moisture control equipment developer, accelerating the availability of closed-loop moisture control for continuous lines for METER Food customers. Delta T sensor technology and patented algorithm reduce moisture content variation in foods, aiming to improve production efficiency and quality while lowering energy consumption and waste. This system consistently and precisely maintains the target moisture content inside a dryer using real-time data and an exclusive control…

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Save Foods penetrates Turkish Market as it eyes European market

TURKEY – Save Foods, an agri-food tech company, has announced it has engaged a local commercial post-harvest expert in Turkey, who is well connected in the local produce market, to introduce the Company to local post-harvest operators with ties to the EU produce market. The company is focused on developing and selling eco-friendly products specifically designed to extend the shelf life and ensure the food safety of fresh fruits and vegetables. According to the Union of Exporters of the Mediterranean Region, Turkey exported a record US$2.7 billion in fruits and…

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Biotech innovator AgBiome culminates funding round, raises US$116 million

U.S – AgBiome, a biotechnology company using new knowledge of the plant-associated microbiome to create innovative products for agriculture, has announced the completion of a US$116 million oversubscribed Series D funding round. The funding round was Co-led by alt protein impact investor Blue Horizon, as well as Novalis LifeSciences, to accelerate and expand AgBiome’s portfolio of microbial products and help establish a global presence. The new Series D funding will also allow the company to scale its scientific and commercial teams. Mission-driven investment disruptor Blue Horizon was drawn to AgBiome…

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KEBS to receive increased government funding to support SMEs

KENYA – The Kenyan government has pledged to increase funding to its chief regulatory body, the Kenya Bureau of Standards (KEBS), to support Kenyan businesses as they expand into regional markets. The pledge comes against the background of increased exports by Kenyan firms to regional markets and an agreement that allows countries in East Africa to share quality standards. This means goods certified in Kenya will not need to be retested after export into the region and vice versa. In a press conference held at Alba hotel, the Industrialization Permanent…

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Tech-focused investment firm Battery Ventures acquires Institute for Product Quality

U.S – Battery Ventures, a global, technology-focused investment firm, has announced it has acquired ifp Institut für Produktqualität GmbH also known as Institute for Product Quality GmbH, a provider of analytical testing and analysis services for customers across the food, feed, and water sectors. The company, founded in 2004 and based in Berlin, has earned a strong reputation for its focus on specialized testing for food allergens, pathogens, vitamins, and pesticides. In addition to providing analytical laboratory services, ifp manufactures diagnostic test kits for detection of vitamins, food allergens, pathogens,…

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Finland’s Huhtamaki acquires Turkey’s flexible packaging giant Elif

FINLAND – Huhtamaki Oyj, a key global provider of sustainable packaging solutions, has underpinned its leadership position in emerging markets with the acquisition of Elif Holding A.S., leader in sustainable flexible packaging in Europe, Middle East and Africa, serving major global brand owners. With this acquisition, Huhtamaki strengthens its existing flexible packaging business in attractive consumer product categories. Huhtamaki will acquire Elif for a cash free debt free purchase price of EUR 412 million (US$ 483 million). The business will become part of Huhtamaki’s Flexible Packaging business segment. To back…

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Bureau Veritas 7layers, Ioxt Alliance expand partnership in Asia

FRANCE – Bureau Veritas, world leader in testing, inspection and certification services (TIC) has taken a step to increase its engagement with Ioxt Alliance by opening Service and Competence Centers in Asia, following the successful ioXt Alliance Asia Summer Summit in June 2021, hence expanding its regional coverage. The event marked the launch of the ioXt Asia Alliance which will mark significant expansion for the ioXt Alliance into a critical market for both manufacturers and consumers of Internet of Things (IoT) devices. “The Consumer Product Services Division of Bureau Veritas…

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TIKA supplies Kenya with honey testing equipment boosting beekeeping industry

KENYA – The beekeeping industry in Kenya has received a boost from the Turkish Cooperation & Coordination Agency (TIKA), Turkey’s leading development aid agency.  Kenya is among the top honey producers in Africa and holds up solid links with Turkey. The National Beekeeping Institute (NBI), Kenya’s government institution for training on apiculture, production of bee equipment and control of product quality, received a shipment of equipment from Turkey to help advance the quality of honey produced in the East African country.  ” We’re very glad that we’ve gotten support from…

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Northumberland-Peterborough South receives boost for farming, agri-food projects

CANADA – Ontario is giving a Canadian$ 282,000 (US$225364.53) financial boost to over 20 Northumberland-Peterborough South, a federal electoral district in Ontario, farming and agri-food projects to aid in augmenting on-farm practices in the province. This local investment is part of an Ontario-Canada Canadian$7.3-million (US$ 5833904.50) shared investment through the Canadian Agricultural Partnership, which is aimed at supporting farmers and agri-food businesses in priority areas. “It’s about supporting growth at the farm level, which will have positive impacts across Ontario’s agri-food sector. Building resiliency within our agri-food sector will help…

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SecQuAL Project awarded funding by ISCF to enable smart labelling in pork production

UK – A group of eleven UK companies has been awarded funding by the Industrial Strategy Challenge Fund (ISCF), a government project that addresses the big societal challenges being faced by UK businesses, for their project Secure Quality Assured Logistics for Digital Food Ecosystems ( SecQuAL), designed to bring technology to the fore in the farm-to-fork ecosystem.  The project will initially focus on the application of smart labels in pork production, in order to reduce food waste and increase consumer confidence in the food they purchase. Smart labels are unique…

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