01 October 2024
01 October 2024
Bread maker Hovis and KTC Edibles currently form part of the portfolio.
Siete Foods has reportedly gathered takeover interest from several parties.
The Italy-based business will own 50% of the new venture.
The requirement was due to come into force today (1 October) but was pulled at the last minute.
The successful fund raise closes the door on the refinancing process and A2 Milk settlement.
Atalanta said the acquisition has helped expand its portfolio to cater to “increasing demand for sustainable and organic options”.
The Munich-based company is eyeing a UK launch in the near future.
By using more of the cocoa pod, the new chocolate-making method could bring down prices and diversify revenues for farmers.
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