Applications are now open for the IFTNEXT Food Disruption Challenge™ competition, which is designed to help emerging and investment-ready food related startups, entrepreneurs, and innovators gain visibility and make strategic connections to help advance the science of food and its positive impact on the sustainability of the global food supply.

Six finalists will be asked to pitch their innovation during a live featured session at IFT20 in Chicago, with a $25,000 cash prize awarded to the judges’ selection of IFTNEXT Future Food Disruptor of the Year. Other prizes include $5,000 for the People’s Choice Award based on audience voting and mentoring opportunities. All applications must be submitted no later than Jan. 9, 2020.

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Purity Organic acquires Dunn’s River Brands

Purity Organic, an organic food company based in Oakland, Calif., has announced the acquisition of Dunn’s River Brands, maker of Sweet Leaf Tea and Tradewinds Beverage Co.

Califia Farms raises $225 million in funding

Califia Farms, maker of plant-based milks and ready-to-drink coffee, has raised $225 million from global investors in a series D financing round.

Holidays spurred U.S. quick-service restaurant transactions in December

U.S. quick-service restaurant (QSR) chains, which represent the bulk of industry transactions, had four consecutive weeks of transaction increases in the retail month of December and were the primary contributor to the total industry gains in the month, according to The NPD Group.

TreeHouse Foods, Post terminate deal for cereal business

TreeHouse Foods has announced the dissolution of the previously announced agreement to sell its ready-to-eat (RTE) cereal business to Post Holdings.

Cott acquires Primo Water, seeks buyer for S&D Coffee and Tea

Cott has entered into a definitive agreement pursuant to which Cott will acquire Primo Water for $14 per share, a transaction that values Primo at approximately $775 million.