PepsiCo targets 50% recycled plastic in bottles for EU by 2030
Multinational beverage giant PepsiCo is reportedly aiming to use about 50% recycled plastic in its bottles throughout the European Union by 2030. Citing reliable sources, this target will apply on ....
Hometown Food acquires a portfolio of Smucker’s brands for $375mn
A Chicago-based Hometown Food Company owned by private equity firms Brynwood Partners VII L.P., and Brynwood Partners VIII L.P., has recently closed the USD 375 million purchase deal to acquire a port....
Premium Brands acquires American lobster processor Ready Seafood
Canadian specialty foods company Premium Brands has reportedly purchased Ready Seafood, one of the prime lobster dealers and processors in Maine. As per trusted sources, the founders of Ready Seafood ....
Finsbury acquires gluten-free bakery firm Ultrapharm for £17 million
Finsbury Food Group, the leading specialty bakery manufacturer in UK, has reportedly acquired gluten free bakery manufacturer Ultrapharm for a valuation of £17 million. With this acquisition, Finsb....
Starbucks to have a new licensing partner in NZ for selling coffee
Starbucks Corp has made it to the headlines for its announcement of a new partnership in New Zealand after the current license holder, Restaurant Brands New Zealand Ltd, confirmed it would let their e....
Coca-Cola to acquire the Costa coffee chain from Whitbread at £3.9bn
Coca-Cola is reportedly in talks to acquire the Costa coffee chain from Whitbread for £3.9 billion ($5.07 billion). Apparently, the deal would help Coca-Cola expand its product range into the coffe....
Campbell on the verge of selling international & fresh food businesses
The Camden headquartered Campbell Soup Company has reportedly announced plans to sell its international and fresh food businesses. Sources claim that the company is now struggling to regain its financ....
England’s government may ban the sale of energy drinks to children
The sale of energy drinks to children amid escalating health concerns in England has reportedly been banned by the nation’s ministers. The government is still working on how the proposed plan will b....
Sunrise Strategic Partners announces investment in LA’s Coolhaus
Venture capital firm Sunrise Strategic Partners has reportedly announced plans to invest in the Los Angeles-based women-led boutique ice cream company Coolhaus. The investment from Sunrise will aid Co....