Kitchen Herald
  • Home
  • News
    • Bakery and Cafes
    • Dairy
    • Food Safety
    • Food and Beverage Manufacturers
    • Food Distributors
    • Restaurants
  • Events
  • Views
    • Contribution
    • Interviews
  • Technology
    • Billing and POS
    • Cloud Kitchen
    • Kitchen Automation
  • Associations
  • Job Vacancies
No Result
View All Result
  • Home
  • News
    • Bakery and Cafes
    • Dairy
    • Food Safety
    • Food and Beverage Manufacturers
    • Food Distributors
    • Restaurants
  • Events
  • Views
    • Contribution
    • Interviews
  • Technology
    • Billing and POS
    • Cloud Kitchen
    • Kitchen Automation
  • Associations
  • Job Vacancies
No Result
View All Result
Kitchen Herald
No Result
View All Result
Home News Food Distributors

Norfund invests US$4.7M in South-African food ingredient producer, Synercore, in expansion move

The company is certain that this development will increase the variety of ingredients it offers.

admin by admin
February 6, 2023
126 7
A A
0
Norfund invests US$4.7M in South-African food ingredient producer, Synercore, in expansion move

-KH News Desk (cbedit@imaws.org)

In order to support the expansion of Synercore Holdings’ product line, Norfund, the Norwegian Investment Fund for developing nations, is investing US$4.7 million in the South African food ingredient company.

Since its founding in 2016, Synercore has specialized in the formulation, production, and distribution of food ingredients, particularly to firms that produce fast-moving consumer goods for the dairy and cereal sectors.

The company is certain that this development will increase the variety of ingredients it offers and give the dairy and cereal industries in South Africa and abroad access to low-cost products.

Similarly, Norfund is confident that the investment will be essential in luring major food corporations that favour importing food ingredients despite the nation’s developed food industry.

“By owning core ingredients in the baking and cereal industry, we believe Synercore will be able to formulate more tailored solutions to clients at the best price in the market, leading to further business development and reducing imports”, said Kemp, Investment Manager at Norfund.

Norfund also promoted import substitution, strengthened food security, increased product shelf life, which decreased food waste, and developed Synercore as a key local producer of food ingredients, thereby generating more highly trained jobs.

Two other businesses, Impilo and Sizwe, will be acquired by Synercore as part of the deal. Impilo primarily sells soy flour to the food, confectionery, and baking industries.

In order to enhance food security and safety on the African continent, Synercore has a strategy of investing in the future of the agricultural and food industries by luring in the top food formulators, product developers, researchers, and application specialists.

Tags: food ingredientsNorfundSouth AfricanSynercore
Share61Share11Send

Related Posts

Mamallapuram Civic Body’s Poor Solid Waste Management piles on Hotel Owners’ Woes
Food and Beverage Manufacturers

Mamallapuram Civic Body’s Poor Solid Waste Management piles on Hotel Owners’ Woes

May 4, 2025
1.9k
Browsing through Food Delivery Apps? Soon, Tamil Nadu Residents can View Licence, Hygiene Rating before Ordering
Food Safety

Browsing through Food Delivery Apps? Soon, Tamil Nadu Residents can View Licence, Hygiene Rating before Ordering

April 30, 2025
1.9k
Vendum Launches IQF Vegetable Processing Centre In Tamil Nadu
Food and Beverage Manufacturers

Vendum Launches IQF Vegetable Processing Centre In Tamil Nadu

April 23, 2025
1.9k
Swiggy’s new SNACC App Now Delivering in Noida and Gurugram in 10 minutes
Cloud Kitchen

Swiggy’s new SNACC App Now Delivering in Noida and Gurugram in 10 minutes

April 16, 2025
1.9k
One-Size-Fits-All? Nagpur Eateries Opines For Revision Of Food Safety Norms
Associations

One-Size-Fits-All? Nagpur Eateries Opines For Revision Of Food Safety Norms

April 9, 2025
1.9k
InstaChef Pro Showcases Singapore’s First Full-Stack AI Food Solution K Series at FHA-Food & Beverage 2025
Home Slider

InstaChef Pro Showcases Singapore’s First Full-Stack AI Food Solution K Series at FHA-Food & Beverage 2025

April 15, 2025
1.9k

Kitchen Herald

Kitchen Herald is a leading B2B digital media for the Indian Chefs, hoteliers, food handlers community and for global culinary community. We track the global food sector and provide our readers with latest news, job vacancies interviews, and updates. Reaching out majorly to Hoteliers, Chefs, Bakery owners, Food manufacturers, Procurement managers, distributors, import, and export companies and more, we are the most prefered food portal for HoReCA segment.

Quick links

  • News
  • Technology
  • Associations
  • Job Vacancies
  • Bakery and Cafes
  • Dairy
  • Food and Beverage Manufacturers
  • Food Distributors
  • Food Safety
  • Billing and POS
  • Kitchen Automation

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy

© 2025 Indo Media Analysis Wording Services. All Rights Reserved. Design & Developed by Trioticz

No Result
View All Result
  • Home
  • News
    • Bakery and Cafes
    • Dairy
    • Food Safety
    • Food and Beverage Manufacturers
    • Food Distributors
    • Restaurants
  • Events
  • Views
    • Contribution
    • Interviews
  • Technology
    • Billing and POS
    • Cloud Kitchen
    • Kitchen Automation
  • Associations
  • Job Vacancies

© 2025 Indo Media Analysis Wording Services. All Rights Reserved. Design & Developed by Trioticz

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?