PepsiCo, Inc. (NASDAQ: PEP) ("PepsiCo") announced that it has entered into a definitive agreement to acquire poppi, a fast-growing prebiotic soda brand, for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion. The...
IFF (NYSE: IFF) unveiled plans to expand its Cedar Rapids, Iowa facility to capture a larger share of the booming healthy snacks market both in the U.S. and globally. The 47,000-square-foot expansion represents a nearly $70 million investment. When fully operational in the latter...
Dairy products are seeing worldwide revenue and sales growth, according to market research firm Innova Market Insights. One of the major drivers of this is new product launches, which grew by 2.6 percent in the last five years....
Global sweet-packaged food company Ferrero Group today announced it has signed an agreement to acquire Power Crunch from Bio-Nutritional Research Group, Inc. Founded in 1996, Power Crunch has seen strong growth recently driven by its portfolio of popular protein...
Well-maintained bottle-filling lines, plant-support equipment and material-handling assets will go to auction on January 28 in a food-and-beverage industry online auction by Tiger Group and M Davis Group. Located in Richmond and Ontario, California, the assets are excess to the ongoing operations of fast-growing FreshRealm, known for...
The California Prune Board’s multi-channel marketing initiatives continue to drive success for California Prunes globally, underpinned by the provenance, quality, and reliability of supply the U.S. is known for. California-origin prunes are particularly prized by consumers across Asia...
PCO is a major supplier of chocolate forming/moulding equipment, with systems designed for the production of industrial ingredients – chips, chunks, drops and blocks – and decorative products such as shavings, rolls, pencils, blossoms and many more. The...
DNV, the independent assurance and risk management provider, published a new report highlighting the urgent need for the food and beverage sector to transform its supply chains to meet sustainability demands amid global challenges like climate change, regulatory...
On Tuesday, December 3, Lactalis Canada Inc. (‘Lactalis Canada’) – the Canadian dairy leader behind iconic brands such as Cracker Barrel, Black Diamond, Balderson, Astro and Lactantia and a subsidiary of France-based Lactalis Group – held a special...
According to the latest consumer trends research by Innova Market Insights, a striking 58% of consumers worldwide prioritize quality in ingredients and products when making food and beverage purchases. As the demand for added value becomes the new...
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