Deals this week: B&G Foods, Mosa Meat, Paopao Hero

B&G Foods has purchased an Irish oatmeal brand owned by McCann from TreeHouse Foods for $32m.

B&G Foods paid for the acquisition through cash and credit facility.

Based in the US, B&G Foods is a manufacturer, seller and distributor of shelf-stable and frozen foods, while TreeHouse Foods is a food and beverage manufacturer also based in the US.

Mosa Meat has raised €7.5m ($8.7m) through a venture funding round led by M Ventures and partners.

The partners involved in the funding round include Bell Food Group and mission-based investors such as the Glass Wall Syndicate.

Based in Switzerland, Bell Food Group is a leading meat processor, while Mosa Meat is a Netherlands-based food technology company that was spun off from Maastricht University.

M Ventures is a venture capital firm owned by Merck.

Mosa Meat intends to use the funds raised to introduce cultured meat into the food market by 2021 and develop processes required for the production of cultured meat at reduced costs.

Paopao Hero has raised an undisclosed sum through a series A round funding.

Also known as Instant Noodles Hero, Paopao Hero is a customer upgrade company based in China.

WI Kitchen (Tianjin) Investment has entered an agreement with SATS Food Services to form a joint venture (JV) named Langfang JV.

WI Kitchen (Tianjin) Investment is a wholly owned subsidiary of Wilmar International, an agricultural business group. SATS Food Services was formerly known as Singapore Food Industries.

The new JV Company will be incorporated with a capital of CNY120m ($18m). It is expected to build a central kitchen in Langfang, Hebei, and will manufacture, process and sell food products.

Faraway Foods has secured Rs30.4m ($500,000) angel funding through a funding round led by individuals such as executive chairman of Godrej Consumer Products Nisa Godrej and co-founders of private equity firm Paragon Partners, Siddharth Parekh and Sumeet Nindrajog.

Based in India, Faraway Foods is a start-up that sells roasted grain puffs for children under The Mumum Co brand.

The funds raised will be used by the company to expand its business in other major Indian cities.