The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

Using data provided by Houlihan Lokey, FoodBev Media's Siân Yates examines these transactions and the broader market implications.

Mondi has entered into an agreement to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher.

American entrepreneur and billionaire John Paul DeJoria has acquired Waterloo Gin, the first gin brand distilled in Texas.

Almarai has signed an agreement to acquire 100% of Hammoudeh Food Industries through its subsidiary for SAR 263m (approx $70m).

Illinois, US-based dairy company Prairie Farms Dairy has acquired SmithFoods for an undisclosed sum.

Butterfly Equity has announced a definitive agreement to acquire The Duckhorn Portfolio, a luxury wine producer., in a $1.95 billion deal.

French yeast manufacturer Lesaffre has acquired a majority stake in Biorigin, a business unit of Zulior.

Mérieux NutriSciences has entered into an agreement to acquire the food testing business of Bureau Veritas for €360 million.

Hispanic food company Badia Spices has agreed to sell a majority stake to a group of investors.

Diageo has reportedly called off the sale of its Pimm’s brand after failing to agree on a deal with potential buyers, according to Sky News.

Moët Hennessy has acquired a minority stake in French Bloom, a producer of alcohol-free sparkling wines.

PepsiCo has announced its plans to acquire Siete Foods, a Texas-based maker of Mexican-American food products, for $1.2 billion.