The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Food
Strong Asia sales help drive 11.6% organic revenue growth for Carlsberg in Q3
Carlsberg has posted organic revenue growth of 11.6% for its third quarter, after it was boosted by strong demand in Asia.
ADM JV ScaleUp Bio to open two precision fermentation facilities
New Singapore-based precision fermentation solutions provider, ScaleUp Bio, is set to open two facilities in Singapore in 2023.
Kraft Heinz beats third-quarter estimates, reaffirms full-year sales outlook
Kraft Heinz has reported a 2.9% increase in third-quarter net sales to $6.51 billion and reaffirmed its full-year outlook for organic sales growth.
China Resources Beer unit to acquire baijiu maker for $1.7bn
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).
Ausnutria Dairy buys 50% stake in Dutch cheese producer Amalthea
Amalthea and Ausnutria had already been working together prior to the deal; however, the acquisition will allow the companies to combine their strengths.
Heineken Q3 beer volumes up 8.9%, sees signs of slowdown in European market
Heineken has recorded an 8.9% rise in Q3 beer volumes on a like-for-like basis but cautioned that it is seeing “some signs of softness in consumer demand”.
Kellogg’s adds new Avatar-inspired cereal to portfolio
Kellogg’s has released a new mini blueberry-flavoured moon sphere cereal to its portfolio, inspired by an upcoming Avatar film release.
Coca-Cola beats analysts' expectations for Q3 revenue, raises guidance
The Coca-Cola Company has raised its guidance for the full year after its third-quarter performance was boosted by higher prices.
Abbott to invest $500m in infant formula facility
Abbott Nutrition has announced plans to build a $500m nutrition facility in the US for speciality and metabolic infant formulas.
Barratt adds new recyclable variety confectionery tub to portfolio
Barratt, the Valeo Snackfoods confectionery brand producer of sweets like Dip Dabs and Wham, is launching a recyclable variety tub, Barratt Favourites.
SALIC and Minerva Foods announce purchase of Australian Lamb Company
The Saudi Agricultural and Livestock Investment Company (SALIC) and Minerva Foods acquired Australian Lamb Company (ALC) for AUD 400m ($253m approx.).
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