BHI, a full-service commercial bank, announced that its Food & Beverage Group has arranged a total of $61.6 million in two new financing transactions for clients Teasdale Latin Foods and Resnick Distributors.

Dole Foods has opened a new state-of-the-art frozen fruit facility in McDonough, Georgia, Dole's third frozen fruit facility in the United States, complimenting the existing operations in Atwater, California, and Decatur, Michigan. The new facility is approximately 60,000 square feet, fully automated and will have four manufacturing lines which when at capacity can produce 60 million pounds of frozen fruit annually. The operations will package frozen fruit for Dole's retail, food service and private label customers on the east coast.

Foodservice shutdowns due to the pandemic led to an 11.8% decrease in net sales and an 18.9% decrease in gross profit for 2020.

Tyson Foods and Malayan Flour Mills Berhad (MFM) announced a partnership in which Tyson Foods will invest in the Malaysia-based company’s vertically integrated poultry business, which will add more supply flexibility for both companies. The transaction is subject to approval by the shareholders of Malayan Flour Mills Berhad, amongst others.

US Foods announced that effective March 1, Smart Foodservice Warehouse Stores will be rebranded as US Foods CHEF’STORE. US Foods acquired Smart Foodservice Warehouse Stores in April 2020 to accelerate growth in the cash and carry market. This change will combine the power of the US Foods brand with the assortment, pricing and customer service of Smart Foodservice Warehouse Stores and pave the way for an enhanced customer experience.

Sysco introduced nine innovative concepts through its Cutting Edge Solutions platform. These new and differentiated products are available exclusively from Sysco and provide foodservice operators with unique menu offerings, innovative meal solutions and environmentally friendly cleaning and beverage products.

Tribe Transportation is expanding its fleet with 111 new 53-foot trailers equipped with Carrier Transicold X4 7500 refrigeration units to help it meet demand in the fast-growing life sciences sector, which includes the transport of pharmaceutical products. The acquisition includes Carrier Transicold TRU-Mount solar panels, which help to maintain the charge of the refrigeration unit batteries. Additionally, Tribe acquired 100 Carrier Transicold ComfortPro diesel auxiliary power units (APUs) to help maintain cab climate control for its drivers.

As we wrote in our January magazine story about cold storage and ports, ALDI is building a distribution center near the Port of Mobile, in Loxley, Alabama. That facility has officially broken ground, and will be overseen by design-build firm A M King. 

Belcampo, pioneer of hyper-sustainable, organic, grass-fed, Certified Humane meats, broths, and jerky, has launched its Seasoned Lemon Pepper Chicken Breast and Seasoned Lemon Pepper Chicken Legs. Lightly seasoned, these new items provide a convenient option for families interested in having access to high-quality, pasture-raised meats in a pre-seasoned format that can be delivered straight to their doors.

Tovala, the first-ever meal service paired with a countertop smart oven that scans, steams, bakes, and broils its chef-crafted meals, announces the close of a $30M Series C funding round led by Left Lane Capital, with participation from previous investors Finistere Ventures, Comcast Ventures, OurCrowd, Origin Ventures, Pritzker Group Venture Capital, and Joe Mansueto.