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

Mission Foods Mexico plans to invest MXN 792m (approx. $46.3m) to build a new snack production plant and expand its existing corn and wheat tortilla facility in Puebla, Mexico.

Private equity firm TDR Capital is closing on a deal to buy billionaire Zuber Issa’s stake in UK supermarket giant Asda, according to reports by Bloomberg.

IW Capital has announced a further £3m investment into Daily Dose, a UK-based cold-pressed juice and functional drinks company.

Windfall Bio, a provider of methane-to-value solutions, has closed a $28 million Series A funding round led by Prelude Ventures.

Full Glass Wine, a brand acquisition and management firm focused on acquiring DTC wine companies, has closed a $14m Series A funding round.

McDonald’s Corporation has signed an agreement with Alonyal, the owner of its franchise restaurants in Israel, to buy back all its restaurants in the country.

US agricultural technology company BioConsortia has raised $15m in a funding round led by Otter Capital.

The Ivory Coast has increased the official cocoa farmgate price to CFA 1,500 ($2.46) per kg, a 50% increase on the previous CFA 1,000 price.

Mars has announced an over $70m investment in its Hackettstown, New Jersey, US, site to enhance innovation and manufacturing.

ADM has published its financial results for the quarter and full year 2023, reporting a lower-than-expected fourth quarter profit.

Dole has reached an agreement to sell its 65% equity stake in Progressive Produce to PTF Holdings for a sum of $120.25m.

Kraft Heinz has recorded a Q4 net sales decrease of 7.1% to over $6.8 billion, compared to $7.3 billion at the same time last year.