We investigate the utility of Large Language Models for automated taxonomy generation and completion specifically applied to tax- onomies from the food technology industry. We explore the extent to which taxonomies can be completed from a seed taxonomy or generated without a seed from a set of known concepts, in an iterative fashion using recent prompting techniques. Experiments on five taxonomies using an open-source LLM (Llama-3), while promising, point to the difficulty of correctly placing inner nodes.