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

A notice of auction for the sale of Bang Energy owner, Vital Pharmaceuticals, has been cancelled, with US-based Monster Beverage set to acquire the company.

Hong Kong-based conglomerate Swire Pacific plans to sell its Swire Coca-Cola, USA unit for a total consideration of HK 30.4bn (approx. $3.88bn).

Coca-Cola HBC – through its subsidiary CC Beverages Holdings II – has reached an agreement to acquire the Finlandia vodka brand from Brown-Forman for $220m.

PepsiCo has established a new factory in Poland, described by the company as its greenest facility in Europe, which utilises circular economy principles.

PepsiCo is launching a pilot project to convert over 40,000 litres of used oil into HVO, a vegetable-based biofuel, at its snack plant in Burgos, Spain.

US-based beverage brand Fishers Island Lemonade has expanded its spiked lemonade portfolio with the launch of two new flavours.

PepsiCo is about to complete a €127m investment at its Little Island facility, resulting in the opening of an additional manufacturing capacity.

The Coca-Cola Company has unveiled plans to build a new Fairlife production facility with a total investment estimated at $650m.

Coca-Cola Europacific Partners Australia has opened a new equipment services and point-of-sale facility in Richlands, Queensland.

US functional beverage brand Olipop has added a watermelon lime flavour to its portfolio, combining watermelon, tart cherry and lime juice.

PepsiCo’s Mtn Dew brand has added a new, limited edition flavour to its portfolio in Summer Freeze, featuring bold notes of cherry, lemon and raspberry.

PepsiCo has reported net revenue growth of 10.2% for its first quarter, up from 9.3% in the same period last year, with Q1 net revenue of $17.85 billion.