The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Food
PepsiCo posts 8.8% sales growth in Q3, raises full-year outlook
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 raises nearly $125m in Series D funding round
Soli Organic has raised approximately $125m in a Series D funding round led by investment firms CDPQ and Movendo Capital.
Meatable becomes first cultivated pork producer in Singapore
Dutch cultivated meat company Meatable is partnering with contract manufacturer Esco Aster to become Singapore’s first cultivated pork producer.
Bang Energy parent company files for bankruptcy
Vital Pharmaceuticals (VPX Sports), the parent company of energy drink Bang Energy, has filed for Chapter 11 bankruptcy in Florida.
Spam adds new frozen Cheesy Fritter to product line
Spam has added a new Cheesy Fritter to its Fritter collection. The new frozen Spam Cheesy Fritter can be oven-cooked straight from the freezer.
Lucas Bols and De Kuyper to sell Avandis to Refresco for €25m
Lucas Bols and De Kuyper Royal Distillers have entered into an agreement to sell their alcoholic beverage business Avandis to Refresco for €25m.
TricorBraun to buy German glass packaging distributor Gläser & Flaschen
TricorBraun has signed an agreement to acquire German glass packaging distributor, Gläser & Flaschen, for an undisclosed amount.
Kingsmill enters premium bread market with new loaves
Kingsmill has expanded its bread portfolio by adding two new premium, craft-style bloomers, the Great White Bloomer with Sourdough and the Malted Bloomer.
Orkla Food Ingredients acquires majority stake in Denali Ingredients
Orkla Food Ingredients has entered into an agreement to buy 84% of the shares in US ice cream ingredients business, Denali Ingredients.
JBT launches new technologies for juice and purée processing
Food and beverage technology provider, JBT Corporation, has announced the launches of its FVPGrow and Chopper Blender SE technologies.
Brown-Forman to purchase Diplomático Rum brand
Brown-Forman has entered into an agreement to purchase the Diplomático Rum brand and related assets from Destillers United Group.
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