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

Beverage contract manufacturer Refresco is expanding its global footprint with a deal to acquire Australian company Tru Blu Beverages.

Smurfit Kappa is investing around $100 million in a sustainable biomass boiler at its paper mill facility in Yumbo, Colombia.

PepsiCo has posted an 8.8% net revenue growth in its third-quarter results for 2022, and now expects its full-year organic revenue to increase by 12%.

Soli Organic has raised approximately $125m in a Series D funding round led by investment firms CDPQ and Movendo Capital.

Vital Pharmaceuticals (VPX Sports), the parent company of energy drink Bang Energy, has filed for Chapter 11 bankruptcy in Florida.

Lucas Bols and De Kuyper Royal Distillers have entered into an agreement to sell their alcoholic beverage business Avandis to Refresco for €25m. 

TricorBraun has signed an agreement to acquire German glass packaging distributor, Gläser & Flaschen, for an undisclosed amount.

Orkla Food Ingredients has entered into an agreement to buy 84% of the shares in US ice cream ingredients business, Denali Ingredients.

Brown-Forman has entered into an agreement to purchase the Diplomático Rum brand and related assets from Destillers United Group.

Asahi Beverages has announced the acquisition of Australia-based adult soft drinks brand, StrangeLove, for an undisclosed sum.

Hilmar Cheese Company has announced it has broken ground on a $600m cheese and whey protein processing plant in Dodge City, Kansas.

Indian yogurt brand Epigamia has raised debt funding of INR 350m (approx. $4.3m) from Grand Anicut Fund.