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The refrigerated transport market is estimated to be valued at $15.5 billion in 2019, and is projected to reach $21.6 billion by 2025, recording a CAGR of 5.8% from 2019-2025, as outlined in a study released by MarketsandMarkets, New York.

Nestlé S.A., Switzerland, invested R$1 billion in São Paulo, Brazil, over the next three years to install a new line in the Caçapava and Araçatuba factories.

Starship Technologies, San Francisco, closed $40 million in Series A funding, and announced plans to expand its service to 100 university campuses in the next 24 months.

Emergent Cold, Dallas, Texas, acquired New Orleans-based New Orleans Cold Storage (NOCS).

Interroll, Wilmington, N.C., acquired significant parts of the business activities and assets of IBH ehf. in Reykjavik, Iceland.

Nearly 61% of Gen Z/Millennial grillers (ages 18-38) reported grilling year-round, according to an annual grilling survey conducted by Acosta Sales & Marketing, Jacksonville, Fla.

The Simply Good Foods Co., Denver, Colo., announced plans to acquire Quest Nutrition, LLC, El Segundo, Calif., for $1 billion in cash.

The bakery processing equipment market is expected to exceed $11 billion by 2025, according to a new research report by Global Market Insights, Inc., Shelbyville, Del.

Smith Brothers Farms, Kent, Wash., announced plans to acquire assets of Alpenrose Dairy, Portland, Ore.

Rocky Mountain Institute (RMI), Boulder, Colo., released a report that evaluates how mobility ecosystems are evolving in China, India and the United States.