The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
Nestlé posts 8.1% organic sales growth driven by price increases
Nestlé has posted organic sales growth of 8.1% for the first half of 2022, after its results were boosted by higher prices.
Firmenich opens food and beverage pilot plant in California
Firmenich has announced the opening of its Taste & Beyond pilot plant in Anaheim, California, which aims to help customers prepare for scaled-up production.
PepsiCo to buy minority stake in Aqua Carpatica
PepsiCo has entered into an agreement to purchase a minority stake in Romanian spring water company, Aqua Carpatica, for an undisclosed sum.
Heineken warns pressure on consumer finances could impact beer sales
Heineken has posted revenue growth of 37% in its half-year results and said it "grew ahead of the industry in more than half of our markets".
New Water Capital acquires Klosterman Baking Company
US bakery business Klosterman Baking Company has been acquired by an affiliate of private equity investment firm, New Water Capital.
PepsiCo to invest $550m in energy drinks business Celsius
PepsiCo has announced a $550m investment in Celsius Holdings to become the long-term US distributor of the brand's energy drinks.
Diageo sees net sales growth across all regions
Diageo has recorded a 21.4% increase in its full-year revenue, driven by strong organic net sales growth across all regions.
Canpack to build BRL 710m beverage can facility in Brazil
Canpack will invest approximately BRL 710m (approx. $140m) to build a new aluminium beverage can facility in Poços de Caldas, Minas Gerais, Brazil.
Higher prices help boost Danone's first-half results
Danone has reported a "strong first half," after recording €13.33bn in net sales, up 7.4% on a like-for-like (LFL) basis.
De Soi raises $4m in seed funding round
US non-alcoholic aperitif company, De Soi, has raised $4m in a seed funding round led by Willow Growth, to expand its retail footprint.
Azkoyen Group buys Spanish coffee machine company Ascaso for €17m
Azkoyen has acquired Spanish coffee machine company, Ascaso, for €17m, accelerating its leadership position in the OCS, HoReCa and vending segments.
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