The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Business
Violet Foods buys Muir Glen brand from General Mills to expand organic tomato portfolio
Violet Foods, a US manufacturer of pizza and pasta sauces, has acquired the Muir Glen brand of organic tomato products from General Mills.
BrewDog exits spirits production to refocus on beer and cocktails as losses mount
BrewDog will cease spirits production at its Ellon distillery, refocusing on beer and ready-to-drink cocktails amid market pressures.
ADM settles SEC probe for $40m as US prosecutors close accounting investigation
ADM has agreed to pay $40 million to settle a US Securities and Exchange Commission investigation into how it reported sales between business units.
UK flavour house JPL Flavours invests £11m in tech-enabled expansion
e site features automated manufacturing, 16 dedicated flavour labs, and a forthcoming digital innovation suite, which includes augmented and virtual reality tools.
Euricom to acquire Ebly, securing EU’s largest ready-to-heat rice facility
Euricom to acquire 100% of Ebly, including the brand and Châteaudun EU rice facility, from Mars and Axéréal Participations.
Mars fraud case exposes risks in commodity and export credit programmes
A former Mars risk manager has been jailed for over five years after defrauding the confectionery group of $28m via export credits and weak internal controls.
Cawston Press moves into no-alcohol beer with acquisition of Loah
British soft drinks maker Cawston Press has entered the fast-growing no- and low-alcohol drinks market with the acquisition of Loah.
Simply Good Foods reappoints Joe Scalzo as CEO
The Simply Good Foods Company has appointed former executive Joe Scalzo as president and chief executive officer, effective immediately.
Smithfield to buy Nathan’s Famous for $450m, securing control of key hot dog brand
Smithfield Foods will acquire US-based hot dog maker Nathan’s Famous in an all-cash deal valued at approximately $450 million.
The Compleat Food Group creates CTO role, brings technical and ESG oversight to board
UK food manufacturer The Compleat Food Group has appointed former Marks & Spencer executive Sue Bell as its first chief technical officer.
Nestlé presses ahead with bottled water carve-out as private equity circles €5bn business
The Swiss giant has invited first-round bids for the water unit, valued at around €5 billion, according to sources, with Rothschild advising on the transaction.
- Page 17