The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Funding & Investments
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.
Kraft Heinz to invest $3bn into modernising US manufacturing sites
Food giant Kraft Heinz has confirmed it plans to invest $3bn into modernising its 30 manufacturing sites across the US.
Anheuser-Busch announces $300m investment in US manufacturing operations
Anheuser-Busch has unveiled a $300 million investment aimed at enhancing its manufacturing operations across the US.
Lucozade cuts plastic with new £6.3m bottle redesign
Suntory Beverage & Food GB&I (SBF GB&I), the maker of Lucozade, has invested £6.3 million in redesigning its Lucozade Energy bottles, cutting plastic use and improving recyclability.
OFI expands soluble coffee production with new facility in Brazil
Olam Food Ingredients (OFI) has inaugurated a new soluble coffee facility in Linhares, Espírito Santo, marking a notable expansion in its manufacturing capabilities.
Farmley secures $42m Series C funding to expand in India’s healthy snacking sector
Farmley, a up-and-coming player in the healthy snacking space, has successfully completed a $42 million Series C funding round led by L Catterton.
Beyond Meat secures $100m financing despite challenging Q1 results
Plant-based meat producer Beyond Meat has secured a $100 million financing facility from Unprocessed Foods, an affiliate of the Ahimsa...
JDE Peet’s sells Turkish tea unit, halts L’or barista rollout in US
JDE Peet’s has sold its tea business in Turkey to Efor Holding for an undisclosed sum. The business generated approximately €60 million...
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