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Universal Forest Products’ affiliate acquires Pak-Rite

Pak-Rite offers a full range of packaging solutions, including foam and plastic components and trademarked wood crating systems.
October 24, 2018
Universal Forest Products, Inc. (UFPI), Grand Rapids, Mich., announced that one of its subsidiaries acquired the operating assets of Pak-Rite, Ltd.
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Kite Hill strawberry almond yogurt

Kite Hill closes $40M capital raise to increase capacity

The capital from this funding round will enable Kite Hill to increase capacity and invest in marketing, innovation and people to help fuel its rapid rate of growth.
October 24, 2018
Kite Hill, Hayward, Calif., completed a $40 million capital round expected to close within a month.
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default supply chain with trucks

Study: Blockchain set to supercharge global supply chains by 2025

The study found that cost saving (89%), enhanced traceability (81%) and enhanced transparency (79%) are the Top 3 drivers behind current investments in blockchain.
October 24, 2018
Blockchain could become ubiquitous by 2025, entering mainstream business and underpinning supply chains worldwide, according to a new report by the Capgemini Research Institute, Paris.
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Study: Retailers transform distribution, expand online, turning to the cloud to revolutionize customer experience

Part of the retail digital evolution includes a massive transformation of distribution centers.
October 24, 2018
The study, “Into Uncharted Territory: Retail Transformation and its Impact on Digital Infrastructure”, co-sponsored by Vertiv and DatacenterDynamics, UK, revealed a heightened focus on online retail, as businesses transform their digital resources and capabilities to address changes in customer behavior.
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Kroger shares Top 5 food trends for 2019

Foods influenced by regions across the country are bringing flavor and fun to any meal.
October 23, 2018
Kroger Co., Cincinnati, announced its top food trend predictions for 2019, curated by its team of Our Brands new product developers, chefs and innovators.
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Bantam Bagels Egg Bites

Lancaster Colony acquires Bantam Bagels

Bantam Bagels produces and markets frozen mini stuffed bagels and mini stuffed pancakes sold to retail and foodservice channels.
October 22, 2018
Lancaster Colony Corp., Westerville, Ohio, and its wholly-owned subsidiary, T. Marzetti Co., acquired Bantam Bagels, LLC.
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Maersk invests in ERP solution geared toward managing unsold inventory

Spoiler Alert debuted a new Inventory module that supports greater integration with food company’s ERP and warehouse management systems.
October 22, 2018
A.P. Moller Maersk, Denmark, invested in Spoiler Alert, a Boston, Mass.-based provider of software solutions and value-added services geared toward helping food businesses manage unsold inventory, as part of a strategic round of financing.
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Creekstone Farms Premium Beef announces new $35M distribution center

The new warehouse will consist of an automated storage and retrieval system capable of handling 27,000 boxes in a 9-hour day with more than 37,000 box storage locations.
October 22, 2018
Creekstone Farms Premium Beef LLC broke ground on a new $35 million refrigerated distribution center at its Arkansas City, Kan., headquarters facility.
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