The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Funding & Investments
UK flavour house JPL Flavours invests £11m in tech-enabled expansion
e site features automated manufacturing, 16 dedicated flavour labs, and a forthcoming digital innovation suite, which includes augmented and virtual reality tools.
Re:Water invests £2m in Herefordshire site to scale aluminium bottled water production
Re:Water is investing £2 million in a new production facility in Herefordshire as it looks to scale output and support growing grocery, retail and hospitality demand for plastic alternatives.
Tetra Pak invests €60m to scale paper-based barrier technology
Tetra Pak says will invest €60 million in a new pilot plant in Sweden to accelerate the development of paper-based barrier technology for aseptic cartons
Coco5 secures $10m to accelerate growth and expand beyond sports drink category
Coco5, the coconut water brand backed by professional athletes, including basketball players Devin Booker and Charles Barkley, has closed a $10 million funding round as it looks to broaden its footprint beyond the traditional sports drink aisle.
Bel Group invests €16.7m to double cheese production capacity in Vietnam
Bel Group has announced a €16.7 million investment to expand its cheese production facility in Vietnam, doubling capacity to 20,000 tonnes per year
ADM invests $26m into Erlanger facility to support reformulation demand
ADM is expanding its US flavours and colours capabilities with a $26 million investment into its Erlanger, Kentucky, US, campus.
Agronomics backs animal-free lactoferrin as precision fermentation nears commercial rollout
The investment, made through a convertible note as part of a wider funding round, will support All G’s scale-up of lactoferrin produced via precision fermentation
Müller outlines next phase of Skelmersdale site investment
Müller UK & Ireland has set out the next phase of investment at its Skelmersdale site in West Lancashire, proposing a number of changes to production at the site.
Om Mushrooms secures $6.5m to fuel functional mushroom expansion
Om Mushrooms, a US-based functional mushroom company, has secured a $6.5 million line of credit from JPalmer Collective.
Cottage cheese brand Good Culture secures investment from L Catterton
L Catterton has announced the acquisition of Good Culture, a rapidly growing cottage cheese brand, in a deal valued at more than $500 million.
EvodiaBio raises €6m to scale yeast-derived aroma technology globally
Danish industrial biotech company EvodiaBio has raised €6 million in a new funding round to accelerate expansion across European, North American and Asian markets, as well as to broaden applications of its fermentation-based aroma technology within the beverage sector.
Yeastup opens £9m industrial-scale facility to upcycle brewer's yeast into functional food ingredients
Swiss food ingredient start-up Yeastup has officially opened its first industrial-scale production facility, marking a significant milestone in the commercialisation of brewer’s yeast-derived proteins and fibres.
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