Joachim Wessel Becomes New MD for Cermaq Chile

May 16, 2024 Cermaq Chile

Joachim Wessel, currently Commercial and Supply Chain Director, is named replacement of Pedro Courard. Joachim joined Cermaq at the start of 2020 and has a long and successful career in the salmon industry; he has worked for major companies such as Mowi and AquaChile and previously was a CEO of another salmon company, Friosur.  

SFP 2023 Reduction Report Shows Continued Drop in Fisheries Performance

New reports by Sustainable Fisheries Partnership (SFP) released (part 2) and October 2023 (part 1) show declines in performance of key reduction fisheries for the sixth year in a row, highlighting the need for more active and long-term industry engagement to ensure good fisheries management. Two more fisheries dropped into the “poorly managed” category: Chilean jack mackerel – SE Pacific (Peru), and blue whiting – NE Atlantic (which dropped after moving up in 2022).

Meati Foods Adds 2,000 Retail Locations; Raises $100 Million

May 16, 2024 Meati Foods

The company recently raised over $100 million in a C-1 round led by Grosvenor Food & AgTech, with returning investors including Prelude Ventures, BOND, Revolution Growth and Congruent, to help meet the growing demand for its products.

Smithfield Foods Donates $12,000 to Expand Dolly Parton’s Imagination Library in Virginia

May 16, 2024 Smithfield Foods, Inc.

Smithfield’s $12,000 donation together with the Commonwealth’s $12,000 funding match would provide $24,000 to Isle of Wight County, which will help distribute books to more children, supporting early literacy development, knowledge and fundamental skills.

Dümmen Orange: Management Buyout of Global Orchids Business

May 16, 2024 Dümmen Orange

Sogo is poised to continue its legacy of excellence in orchid breeding and propagation, and remains dedicated to serving growers, wholesalers, and retailers around the world with premium-quality orchids. Dennis Hsiao, CEO of Sogo: “The transition to independent operation marks an exciting new chapter for Sogo, as we strive to innovate and deliver exceptional products and services to our valued customers and partners.”