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

Carlsberg has posted organic revenue growth of 11.6% for its third quarter, after it was boosted by strong demand in Asia.

A unit of China Resources Beer has agreed to acquire a 55.19% stake in Guizhou Jinsha Jiaojiu Winery Industry for RMB 12.3bn (approx. $1.7bn).

Amalthea and Ausnutria had already been working together prior to the deal; however, the acquisition will allow the companies to combine their strengths.

Abbott Nutrition has announced plans to build a $500m nutrition facility in the US for speciality and metabolic infant formulas.

Fonterra has announced an investment to improve wastewater processing at its Te Awamutu site in New Zealand's Waikato region.

Lamb Weston is paying Meijer Frozen Foods €700m for the remaining 50% share in the business, comprising €525m in cash and €175m of its common stock.

The packaged food giant has also announced plans to acquire the Seattle's Best Coffee brand from its Global Coffee Alliance partner, Starbucks.

Beverage contract manufacturer Refresco is expanding its global footprint with a deal to acquire Australian company Tru Blu Beverages.

Smurfit Kappa is investing around $100 million in a sustainable biomass boiler at its paper mill facility in Yumbo, Colombia.

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.

Vital Pharmaceuticals (VPX Sports), the parent company of energy drink Bang Energy, has filed for Chapter 11 bankruptcy in Florida.