The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
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Business
Fortifi finalises acquisition of Provisur Technologies
Fortifi Food Processing Solutions has completed its acquisition of Provisur Technologies, a major provider of further-processing equipment for the global protein sector.
Anheuser-Busch expands beyond beer portfolio with acquisition of BeatBox
The acquisition, valued at up to approximately $490 million for an 85% stake, positions BeatBox as a significant addition to Anheuser-Busch’s beyond beer offerings
PepsiCo strikes deal with Elliott Management to enhance operations and avoid proxy battle
PepsiCo has reached a strategic agreement with activist investment Elliott Management, aimed at improving operational efficiencies and avoiding a potentially costly proxy fight.
UK publishes first safety guidance for lab-grown meat
The UK’s Food Standards Agency (FSA), in collaboration with Food Standards Scotland (FSS), has released the country’s first safety guidance for cell-cultivated products (CCPs), commonly known as lab-grown meat.
Mars’ $36bn acquisition of Kellanova cleared by European Commission
The European Commission has approved the $36bn merger of food giants Mars and Kellanova, clearing the way for the transaction to complete this week.
When copycats cross the line: What Smucker’s lawsuit means for private-label products
Andrew Lux at Greenberg Glusker’s Litigation Group explores how cases like Smucker’s lawsuit against Trader Joe’s could redefine trademark and trade dress regulation.
Tracktile secures $1.25m seed funding to develop AI solutions for SMB F&B manufacturers
Tracktile, a Canadian AI software company, has successfully raised $1.25 million in seed funding to enhance its innovative 'AI Operating System'.
Melt&Marble raises €7.3m to scale precision-fermented ‘designer fats’
Swedish biotech start-up Melt&Marble has raised €7.3 million in Series A funding, to scale production of its precision-fermented ‘designer fat’ ingredients.
Kroger to compensate Ocado with $350m amid warehouse closures
Kroger has announced it will pay $350 million to Ocado Group following the closure of three automated warehouses that were part of their partnership.
DS Smith appoints James Lomax as managing director for UK and Ireland packaging
DS Smith, a subsidiary of International Paper, has appointed James Lomax as the new managing director for its UK and Ireland Packaging division.
Elliott Management nears settlement with PepsiCo, says WSJ
Activist investor Elliott Management Corp is reportedly on the verge of finalising a settlement with PepsiCo, according to the Wall Street Journal.
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