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

New spirits group Magellan & Cheers has purchased Spanish vermouth brand Perucchi for an undisclosed amount, marking its first acquisition.

Firmenich and DSM have announced the launch of the Exchange Offer as part of their merger process, which was first announced in May.

Smurfit Kappa has signed an agreement to acquire Spanish bag-in-box packaging facility, Pusa Pack, for an undisclosed amount.

Alkaline water company Flow Beverage has sold its Verona, Virginia, production facility to BioSteel Sports Nutrition for $19.5m.

American Beverage Corporation, a subsidiary of Harvest Hill Beverage Company, has announced its acquisition of Poppilu for an undisclosed sum.

E & J Gallo Winery has announced its acquisition of Californian wine producer, Denner Vineyards, for an undisclosed amount.

Sunny Sky Products has acquired low-acid aseptic beverage solutions supplier, GoodWest Industries, from Palladium Equity Partners.

Tilray Brands has announced the acquisition of New York craft brewer, Montauk Brewing Company, for an undisclosed amount.

Chilean berries producer, Agroberries, has announced an around €40m investment as it expands its farming operations into Morocco.

Butlers Farmhouse Cheeses has announced the acquisition of the Parlick brand from Singletons, which ceased trading in September.

Standing Ovation has received €1.84m in financing from French public investment bank, Bpifrance, to support its Ferment2From project.

Diageo has announced the acquisition of American single malt whisky producer Balcones Distilling for an undisclosed amount.