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Alpha Foods, Los Angeles, announced a $7 million seed investment round of funding co-led by New Crop Capital, San Francisco, and AccelFoods, New York, to expand the brand's reach and lead a new frontier in plant-based eating.

Bessemer Investment Partners LLC (BIP), New York, acquired the assets of KorMex Foods, Inc., Houston, Texas, through a new portfolio company platform called MAS Restaurant Group, LLC (MRG).

Phononic, Durham, N.C., announced the findings of a study that revealed consumers’ grocery shopping preferences.

Sealed Air Corp., Charlotte, N.C., announced plans to invest in production capacity at its Simpsonville, S.C., facility to produce plant-based food packaging.

Nestlé S.A., Switzerland, opened a new research and development center in Beijing and a system technology hub in Shenzhen.

Brain Corp, San Diego, Calif., partnered with Nilfisk, a Copenhagen, Denmark, to license Brain Corp.’s BrainOS artificial intelligence technology to further accelerate the development of connected autonomous cleaning solutions.

The global rigid packaging market is projected to reach $755.9 billion by 2024, growing at a steady 3.2% CAGR during 2016-2024, according to a report released by Transparency Market Research, Albany, N.Y.

Sealed Air Corp., Charlotte, N.C., entered into an agreement with Kuraray America, Inc., Houston, Texas, to offer food packaging materials derived from its Plantic bio-based resins.