The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
Diageo reported to have called off Pimm’s sale
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 buys minority stake in alcohol-free wine producer French Bloom
Moët Hennessy has acquired a minority stake in French Bloom, a producer of alcohol-free sparkling wines.
PepsiCo to acquire Siete Foods for $1.2bn, expanding better-for-you portfolio
PepsiCo has announced its plans to acquire Siete Foods, a Texas-based maker of Mexican-American food products, for $1.2 billion.
Fonterra revises strategy to enhance high-performance segments
Fonterra has unveiled a revised strategic framework aimed at bolstering its focus on high-performing ingredients and foodservice segments.
DSM-Firmenich completes sale of MEG-3 Fish Oil business to KD Pharma
DSM-Firmenich has finalised the sale of its MEG-3 fish oil business to KD Pharma Group.
Nissin Foods buys Australian frozen dumpling manufacturer ABC Pastry
Nissin Foods has acquired 100% of the shares of ABC Pastry for AUD 33.7 million (approx. $23.26 million).
Azelis strengthens nutraceuticals footprint in Poland with Hortimex acquisition
Azelis has acquired Hortimex, a Polish speciality chemicals distributor active in the food ingredients and nutraceuticals segments.
Diageo strengthens non-alcoholic spirits portfolio with Ritual Zero Proof acquisition
Diageo has acquired non-alcoholic spirits brand Ritual Zero Proof, as part of its strategy to meet growing demand for alcohol alternatives.
Danone proposes acquisition of Lifeway Foods for $283m
Danone SA has made a non-binding proposal to acquire Lifeway Foods, a producer of kefir and probiotic products, for approx. $283 million.
Edrington to offload The Famous Grouse to William Grant & Sons
Scotland-based international spirits company Edrington has revealed plans to sell its The Famous Grouse and Naked Malt brands.
Mondelēz expands presence in China’s pastry market with Evirth acquisition
Mondelēz International has announced plans to acquire a majority stake in Evirth, a Chinese manufacturer of cakes and pastries
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