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

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Food
Quench acquires POU water systems firm Blue Caffe

Quench acquires POU water systems firm Blue Caffe

Culligan-owned Quench has announced the acquisition of POU water systems and coffee services provider, Blue Caffe, for an undisclosed sum.

Business
Beverage company De La Calle secures $7m in funding

Beverage company De La Calle secures $7m in funding

Beverage start-up De La Calle has closed a $7m growth round to expand its product portfolio and national retail footprint.

Beverage
AB InBev sees "continued momentum" in FY2021 results

AB InBev sees "continued momentum" in FY2021 results

AB InBev has reported that its total volumes grew by 9.6% in FY2021, compared to the coronavirus-related drop of 5.7% the brewer reported last year.

Beverage
Danone reports "strong" end to 2021 despite inflationary challenges

Danone reports "strong" end to 2021 despite inflationary challenges

Danone has reported an increase in net sales of 3.4% on a like-for-like (LFL) basis in its full-year results, despite inflationary challenges.

Business
KKR to buy majority stake in Refresco

KKR to buy majority stake in Refresco

Global investment company KKR has signed an agreement to acquire a majority stake in Refresco Group for an undisclosed sum.

Beverage
PepsiCo to launch Wotsits Crunchy range

PepsiCo to launch Wotsits Crunchy range

PepsiCo is expanding its Wotsits' portfolio with the launch of two new crisps – Wotsits Crunchy Really Cheesy and Wotsits Crunchy Flamin’ Hot.

Snacks
Yali Bio secures $3.9m to develop “designer" plant-based fats

Yali Bio secures $3.9m to develop “designer" plant-based fats

US food tech company Yali Bio has raised $3.9m in a seed round, to advance its efforts to develop “designer fats” for plant-based meat and dairy products.

Business
Kraft Heinz and NotCo unveil joint venture for plant-based innovation

Kraft Heinz and NotCo unveil joint venture for plant-based innovation

Kraft Heinz and Chilean food tech company NotCo have announced a joint venture that will develop new plant-based products using artificial intelligence.

Business
JBS scraps plans to purchase remaining shares in Pilgrim's Pride -<i>Reuters</i>

JBS scraps plans to purchase remaining shares in Pilgrim's Pride -<i>Reuters</i>

JBS SA has scrapped a proposal to purchase the remaining shares of its US-based subsidiary Pilgrim's Pride, according to Reuters.

Mergers & Acquisitions
MGP Ingredients unveils plans for new $16.7m extrusion plant

MGP Ingredients unveils plans for new $16.7m extrusion plant

MGP Ingredients has announced that it will build a new extrusion plant in Kansas to produce its ProTerra line of texturised proteins.

Business
Fonterra to sell stakes in Global Dairy Trade platform

Fonterra to sell stakes in Global Dairy Trade platform

Fonterra has agreed on a partnership with NZX and the European Energy Exchange that will see each take a stake in its Global Dairy Trade platform.

Business
Mars Wrigley appoints Marc Carena as new regional president

Mars Wrigley appoints Marc Carena as new regional president

Mars Wrigley has announced the appointment of Marc Carena as the company's new regional president for Europe, CIS and Turkey.

Confectionery
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