The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
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.
Nescafé opens $340m coffee facility in Mexico
Nestlé has announced the opening of a $340m Nescafé coffee facility in Veracruz, Mexico, creating 1,200 new jobs in the region.
Blume secures CAD 2m in oversubscribed raise
Canadian superfood latte company, Blume, has secured CAD 2m (approx. $1.6m) in an oversubscribed capital raise, as it looks to further expand in the US.
Unilever posts 8.8% Q2 underlying sales growth despite inflation challenges
Unilever has recorded underlying sales growth of 8.8% in its Q2 results, amid "the challenges of high inflation and slower global growth".
Granarolo acquires 60% stake in mozzarella maker Latticini G. Cuomo
Italian dairy group Granarolo has announced the acquisition of a 60% stake in mozzarella maker Industria Latticini G. Cuomo.
Emmi to divest minority stake in Italian cheese company Ambrosi
Emmi Group has agreed to sell its 25% stake in Italian cheese manufacturer Ambrosi to Lactalis Group for an undisclosed amount.
Compagnie Léa Nature acquires Bio Organica Italia
France's Compagnie Léa Nature has completed the acquisition of a 60% interest in Bio Organica Italia and Bio Organica Farm.
Olam Food Ingredients completes acquisition of Club Coffee for CAD 150m
Olam Food Ingredients (OFI) has announced the completion of its acquisition of Club Coffee for CAD 150m (approx. $116.5m).
Source Global raises $130m in Series D equity financing
Sustainable drinking water technology company, Source Global, has raised $130m in equity financing co-led by Breakthrough Energy Ventures and Drawdown Fund.
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