This innovative product represents the powdered evolution of the company’s iconic Tiger Paste, specifically engineered to provide bakers and industrial food manufacturers with a more versatile, ready-to-use solution for creating the popular “tiger” or “crackle” crust on savory baked goods.
The transaction is expected to be finalized by the end of the year, subject to customary regulatory approvals.
The Campbell’s Company reported net sales of US$2.6 billion, representing a 5% decrease compared to the prior year.
Hain Celestial divests its North American snacks unit to Snackruptors for US$115 million as part of a strategy to reduce debt and refocus on core food and beverage categories.
The ingredient positions itself as a compelling alternative to conventional synthetic vanillin, which has long struggled to meet the growing consumer demand for recognizable, natural ingredients on product labels.