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Food
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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