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

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Acquisition
Diageo to sell EABL shareholding to Asahi in $2.3bn deal

Diageo to sell EABL shareholding to Asahi in $2.3bn deal

Diageo has agreed to sell its 65% shareholding in East African Breweries (EABL) to Asahi Group for $2.3 billion.

PepsiCo strikes deal with Elliott Management to enhance operations and avoid proxy battle

PepsiCo strikes deal with Elliott Management to enhance operations and avoid proxy battle

PepsiCo has reached a strategic agreement with activist investment Elliott Management, aimed at improving operational efficiencies and avoiding a potentially costly proxy fight.

Proof Drinks adds Artisan Drinks Company to portfolio

Proof Drinks adds Artisan Drinks Company to portfolio

Proof Drinks has strengthened its growing drinks portfolio with the addition of The Artisan Drinks Company.

Elliott Management nears settlement with PepsiCo, says WSJ

Elliott Management nears settlement with PepsiCo, says WSJ

Activist investor Elliott Management Corp is reportedly on the verge of finalising a settlement with PepsiCo, according to the Wall Street Journal.

Hero UK&I integrates Deliciously Ella to strengthen UK snacking market position

Hero UK&I integrates Deliciously Ella to strengthen UK snacking market position

Hero UK&I has announced the integration of Deliciously Ella into its portfolio, effective 1 Jan 2026, following the acquisition of the brand in Sept 2024.

Celsius Holdings says it has achieved 80% transition of Alani Nu integration

Celsius Holdings says it has achieved 80% transition of Alani Nu integration

Celsius Holdings has made substantial progress in the integration of Alani Nu, as the company strengthens its position in the competitive energy drink market.

FrieslandCampina expands protein portfolio with Wisconsin Whey Protein acquisition

FrieslandCampina expands protein portfolio with Wisconsin Whey Protein acquisition

Royal FrieslandCampina has announced its intention to acquire Wisconsin Whey Protein, a well-regarded producer of whey protein isolates based in the US.

Trubar to be acquired by Turkish food group ETİ Gıda in $142m deal

Trubar to be acquired by Turkish food group ETİ Gıda in $142m deal

Candian plant-based snack company Trubar has entered into an agreement to be acquired by Turkish CPG company ETİ Gıda Sanayi ve Ticaret, for approximately CAD 201 million (approx. $142 million).

Danone sells Swedish probiotic juice brand ProViva to Lactalis

Danone sells Swedish probiotic juice brand ProViva to Lactalis

The sale, which also includes the acquisition of the Österlenmejeriet factory located in Lunnarp, marks a key moment for both companies as they realign their strategies.

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