What's Happening?
Private equity firm Apheon has acquired Cain Food Industries, a U.S. clean label bakery ingredients maker, and merged it with Millbio NA, an Italian producer of natural food ingredients. The merger aims to create a global leader in clean label ingredients, expanding the product range to include sourdough starters, natural mold inhibitors, and enzyme-based improvers. The combined entity will operate under Cain Food Industries in North America, with a focus on serving industrial bakeries and food manufacturers seeking transparency, sustainability, and nutrition in their products.
Why It's Important?
This merger represents a significant step in the clean label movement, which emphasizes transparency and natural ingredients in food production. By combining the strengths of Cain Food and Millbio, the new entity is well-positioned to meet the growing demand for clean label solutions in the bakery industry. The merger also highlights the strategic importance of R&D and manufacturing capabilities in developing innovative food ingredients that align with consumer preferences for healthier and more sustainable options.
