The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Funding & Investments
Caraway Tea expands operations with new Poughkeepsie facility
Caraway Tea Company, a US manufacturer and co-packer of premium teas, wellness blends and supplement-infused beverages, has announced its relocation to a new, larger facility in Poughkeepsie, New York.
Functional mushroom start-up Kääpä Biotech secures €9m investment
Kääpä Biotech, a Finnish start-up specialising in functional mushroom ingredients, has successfully secured a €9 million strategic investment.
Lucky Energy secures $25m in oversubscribed Series B round to fund nationwide expansion
US-based clean energy drink brand Lucky Energy has closed an oversubscribed $25 million Series B funding round.
Diageo commits £5m to restore Scotland’s peatlands and futureproof Scotch whisky
Diageo has announced a £5 million investment over the next five years to restore up to 3,000 hectares of degraded peatland across Scotland.
Coca-Cola Consolidated buys back $2.4bn stake from the Coca-Cola Company
Coca-Cola Consolidated has repurchased all outstanding shares of its common stock previously owned by a subsidiary of the Coca-Cola Company.
Trip valued at $300m following latest $40m investment round
Functional beverage brand Trip has reached a $300 million valuation after securing $40 million in new funding from a roster of celebrity investors and growth-stage capital partners.
Primo Brands breaks ground on new Mountain Valley Spring Water facility in Arkansas
Primo Brands Corporation has broken ground on a new production facility in Hot Springs, Arkansas, to expand capacity for its premium bottled water brand, The Mountain Valley.
Atlantic Fish Co secures $1.2m funding to advance cultivated whitefish
Food-tech start-up Atlantic Fish Co has closed its seed financing round, raising $1.2 million to accelerate development of its cultivated seafood platform.
Hormel Foods announces corporate restructuring, leadership changes and spin-off of Justin's nut butter business
Hormel Foods, the company behind brands such as Spam and Hormel Black Label Bacon, has announced a series of significant developments designed to position the business for long-term growth and operational efficiency.
The Every Company raises $55m to scale precision-fermented egg proteins
The Every Company has secured $55 million in Series D funding to expand manufacturing capacity and advance commercialisation of its precision-fermented egg proteins.
Cerealto takes majority stake in US manufacturer Fresca Foods
European food manufacturer Cerealto, a producer of biscuits, cereals and snack bars, has announced a majority investment in US-based co-manufacturer Fresca Foods.
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