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

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Food
PepsiCo posts 8.8% sales growth in Q3, raises full-year outlook

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%.

Finance
Soli Organic raises nearly $125m in Series D funding round

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.

Mergers & Acquisitions
Meatable becomes first cultivated pork producer in Singapore

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.

Manufacturing
Bang Energy parent company files for bankruptcy

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.

Beverage
Spam adds new frozen Cheesy Fritter to product line

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.

Food
Lucas Bols and De Kuyper to sell Avandis to Refresco for €25m

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.

Beverage
TricorBraun to buy German glass packaging distributor Gläser & Flaschen

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.

Mergers & Acquisitions
Kingsmill enters premium bread market with new loaves

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.

Food
Orkla Food Ingredients acquires majority stake in Denali Ingredients

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.

Mergers & Acquisitions
JBT launches new technologies for juice and purée processing

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.

Food
Brown-Forman to purchase Diplomático Rum brand

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.

Beverage
Oppo Brothers release caramel ice cream mini tubs collection

Oppo Brothers release caramel ice cream mini tubs collection

Oppo Brothers has announced the release of its new ice cream mini tubs collection featuring Double Salted Caramel Swirl and Caramelised Biscuit Swirl.

Dairy
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