The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Funding & Investments
Geary’s Bakery invests £36m in new sourdough factory
Geary’s Bakery, the family-run business behind Jason’s Sourdough, has unveiled a new £36 million custom-built bakery in Leicester, UK, to meet the rising nationwide demand for artisanal bread.
US protein bar brand David secures $75m in Series A round, acquires food-tech group Epogee
US-based food brand David has secured $75 million in a Series A funding round led by Greenoaks, with participation from Valor Equity Partners.
Nestlé to invest BRL 500m in Brazil’s Nescafé site
Nestlé has announced a BRL 500 million (approx. $88.3 million) investment in Brazil through 2028 to expand its coffee production, grow its fleet of Nestlé Professional machines and accelerate innovation in response to changing consumer habits.
JBS USA to invest $135m in new sausage plant in Iowa
JBS USA has announced plans to invest $135 million to build a new sausage production facility in Perry, Iowa.
Arca Continental opens MXN 1.4bn distribution centre in Jalisco
Arca Continental has opened a new distribution centre in Tonalá, Jalisco, following a MXN 1.4 billion (approx. $72.4 million) investment.
Final Boss Sour secures $4m in seed funding, expands product line with tropical flavours
Final Boss Sour, a gaming-themed snack brand known for its healthier sour alternatives, has announced the successful completion of a $4 million Seed 2 funding round.
General Mills projects $130m in charges for global transformation initiative
General Mills has approved a multi-year global transformation initiative aimed at boosting productivity through enhanced business processes and targeted organisational changes.
Beyond Oil raises over CAD 10.6m to support global expansion
Food-tech company Beyond Oil has raised CAD 10.64 million (approx. $7.67 million) through a brokered private placement to accelerate its global growth plans and support product distribution.
PepsiCo doubles investment to build largest snack plant in Central Asia
PepsiCo plans to more than double its investment in a snack production plant in Kazakhstan’s Almaty Region, positioning it as the largest facility of its kind in Central Asia and marking the company’s first greenfield project in the region.
DSM-Firmenich opens Baking Innovation Center in New Jersey, US
DSM-Firmenich has opened a new US baking innovation facility in Princeton, New Jersey, as part of a broader €700m investment to advance its global R&D capabilities.
VMG Partners closes $1bn fund to fuel growth in consumer brands
VMG Partners, a growth equity firm specialising in consumer brands, has successfully closed its latest fund, VMG Consumer VI, at a hard cap of $1 billion.
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