The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

Kerry is set to sell the trade and assets of its sweet ingredients portfolio to US private equity firm Advent International for a consideration of €500m.

EvodiaBio has raised $6.4m in its latest capital raise, in a bid to become a leader in sustainable aroma production in the food and beverage industry.  

Carlsberg has agreed to acquire Canada's Waterloo Brewing for a total equity value of around CAD 144m (approx. $106m) in cash.

Asahi Group Holdings has established an investment management company, Asahi Group Beverages & Innovation, in San Francisco, US.

Indian craft beer maker, Bira 91, which is owned by  B9 Beverages, has raised $70 million in a funding round led by Japanese beer company Kirin Holdings.

The company secured £11m, which will be used to accelerate its mission to become a leading provider of animal cell lines for cell-based meat production.

AgroSpheres, a company developing the next generation of environmentally-friendly crop protection products, has raised £22m in a Series B funding round.

In addition to the investment, Mondelēz is calling for sector-wide collaboration to help address current environmental and social challenges.

PepsiCo has posted an 8.8% net revenue growth in its third-quarter results for 2022, and now expects its full-year organic revenue to increase by 12%.

Soli Organic has raised approximately $125m in a Series D funding round led by investment firms CDPQ and Movendo Capital.

Stellar Pizza, a mobile pizza restaurant powered by robots, has secured $16.5m in a funding round led by venture capital firm, Marcy Venture Partners. 

Dairy Farmers of America will receive a grant of up to $45m from USDA to reduce its methane emissions and develop low-carbon dairy products.