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Intelligence on food and drink brands

Category: News

News

US: PepsiCo offloads Tropicana juice business to focus on healthy snacks and zero-calorie drinks segments

CPG giant establishes joint venture with buyer PAI Partners to retain 39% non-controlling stake in ...
1 hour
News

Grant Thornton report: Industry M&A slowed in Q2

Deal value increased significantly during second quarter as overseas investors accounted for 10 of 33 ...
2 hours
News

Canada: WM Partners acquires plant-based protein powder firm Vega

Middle-market private equity firm WM Partners has acquired Vega, which sells plant-based protein powder in ...
19 hours
News

Danone restructures plant-based business to capitalise on growing market opportunity

Dairy giant to redevelop and rebrand Silk products as ‘Milk of the Land’ marketing campaign ...
5 days
News

Mondelez increases 2021 revenue forecast on return of travel and impulse purchases

FMCG behemoth shifts snacking focus to packaged cakes as emerging sector expected to grow
7 days
News

UK: Healthy snack business acquired by S-Ventures for £7.5m

Pulsin joins venture capital firm’s portfolio as it expands interest in health and wellness foods ...
7 days
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Canada: Modern Meat secures D2C partnership with Canadian ecommerce platform

Plant-based foods brand to include its products in truLOCAL’s online subscription box service
1 week
News

Latam: NotCo achieves Unicorn status as it closes $235m Series D

Chilean alternative dairy, egg and meat maker fast-tracks Europe and Asian expansion and looks to ...
1 week
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Singapore: Shiok Meats raises bridge funding

Singapore-based Shiok Meats, a cell-based crustacean meat company, has raised a bridge funding round.
1 week
News

Unilever prepares to offload tea business amid flat H1 earnings

Group operating margin for H1 hit by cost inflation with full-year margin likely to remain ...
2 weeks
News

US: Healthy snacks business raises $13.7m in equity investment

Undercover Snacks offers minority stake to investors as is looks to scale production and increase ...
2 weeks
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US: Fungi-based protein maker secures $350m in Series C

Chicago-based Nature's Fynd prepares to expand product portfolio as its alternative-protein is greenlit by FDA
2 weeks
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Canada: Eat Beyond appoints Michael Aucoin as chief executive

Eat Beyond Global Holdings, the Vancouver-based investment issuer focused on the global plant-based and alternative ...
2 weeks
News

UK: Parsley Box sees H1 revenue grow on repeat customer sales

Baby boomer ready meals delivery service expects D2C shopping habits to remain despite Covid restrictions ...
2 weeks
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US: Activist fund accuses Oatly of overstating revenue and misleading investors

Spruce Point Capital Management takes short position against oat milk maker as Oatly rejects "false ...
3 weeks
News

UK: The Very Good Food Company enters UK market

TSX-listed foodtech business makes products available in UK via in-house ecommerce platform and local distribution ...
3 weeks
News

PepsiCo increases 2021 forecast as North American beverage business booms

Drinks giant to continue to hold-off on M&A despite solid Q2 revenue performance
3 weeks
News

US: Paine Schwartz Partners acquires Suja Life

San Mateo, California-based private equity firm Paine Schwartz Partners has acquired organic cold-pressured beverages company ...
3 weeks
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News

US: Next Gen Foods eyes US expansion following $20m Seed round extension

Singapore plant-based start-up to fund US recruitment and product launch following record Seed round
3 weeks
News

Nestlé explores cultivated meat options with Future Meat collaboration

CPG giant to compete with Tyson Foods and BRF in investing in the rapidly growing ...
3 weeks
News

Israel: Cultivated meat company raises $105m in Series B

Aleph Farms’ latest investment round led by L Catterton as start-up allocates funding to developing ...
4 weeks
News

Water kefir start-up seeks new investors in £650k funding round

Purearth aims to raise £650k to accelerate sales and marketing efforts and become “self-sufficient”
4 weeks
News

Credit Suisse launches exclusive nutrition investment strategy

JP Morgan partnership follows global food system report highlighting the environmental impact of current food ...
4 weeks
News

UK: Saputo continues M&A spree with UK cheese maker

Wensleydale Dairy Products’ activities to be bought in £23m deal that will bolster the dairy ...
4 weeks
News

UK: Duracell battery maker bolsters sport nutrition business with £1.3m acquisition

Supreme will use the SCI-MX brand to scale its growing nutrition and wellness arm
1 month
News

US: Danone CVC acquires majority stake in coconut water brand

Dairy behemoth’s VC arm to support Harmless Harvest’s continued growth as company forecasts over $100 ...
1 month
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News

Krispy Kreme announces $500m IPO

Doughnut giant prices public offering below initially reported range of $21 and $24 per share
1 month
News

UK: Cake Box closes FY 2021 with record revenue as online sales soar 84%

Egg-free bakery ends fiscal 2021 with £5.1 million on its balance sheet
1 month
News

US: Plant-based honey start-up raises $1.1 million in seed round

The Single Origin Food Co plots wider rollout of latest product in the US as ...
1 month
News

US: indoor farming business valued at $1.1bn in SPAC deal

Local Bounti to make $525m in proceeds via reverse merger as it eyes US expansion
1 month
News

UK: Enough closes €42m Series B amid plans to scale product

Funding round led by animal nutrition giant Nutreco as Enough plots factory build
1 month
News

UK: Kerry Group acquires preservation technology following disposal of meats and meals business

Niacet deal to be funded using proceeds of meats and meals business sell-off
1 month
News

Kantar report: Corporate brands regain consumer trust during Covid-19

BrandZ Global 2021 report claims consumers sought out “familiar brands” for security and comfort amid ...
1 month
News

US: Motif FoodWorks closes $226m Series B funding round

Round led by the Ontario Teachers’ Pension Plan Board and BlackRock as foodtech start-up looks ...
2 months
News

US: Change Foods closes oversubscribed $2.1m Seed funding round

Start-up is in the process of establishing its R&D team and facility in the Bay ...
2 months
News

US: The Very Good Food Company secures $20.7m investment from Canaccord Genuity

Funds to be spent on M&A, ecommerce expansion and new production facility in California
2 months
News

UK: Just Eat closes Grubhub acquisition and pivots US strategy

New combined group looks to adapt North American strategy to focus on Grubhub “strongholds” instead ...
2 months
News

UK: Meatless Farm prepares £5m crowdfunding campaign

Yorkshire-based company weighs up different financing options following discussions with multiple stock exchanges
2 months
News

Turkey: Kraft Heinz boosts “taste elevation” efforts with Assan Foods acquisition

Istanbul-headquartered sauce business purchased for $100 million with deal expected to close in H1 2021
2 months
News

Israeli start-up develops animal-free milk proteins

Imagindairy technology utilizes microflora to create whey and casein proteins as start-up seeks to enter ...
2 months
News

US: INW acquires Capstone Nutrition to bolster supplements portfolio

Capstone CEO James Leishman will take on CEO role for combined company
2 months
News

Canada: Plant Veda plots Canadian Securities Exchange listing

Dairy-alternative start-up plans to scale business with new capital as demand for its products increases
2 months
News

Tesco and Carrefour will not renew long-term purchasing alliance

Agreement will not be extended beyond 31 December as companies agree to “continue their work ...
2 months
News

Analysis: Saputo sets four-year $2.13bn EBITDA target amid pledge to lead in dairy-alternative market

Key points from the dairy giant's four-year strategic plan to build out its ecommerce platform ...
2 months
News

Women’s supplement start-up Rae Wellness raises $9.5m

The company develops supplements for women’s sexual, hormonal and mental health
2 months
News

Tyson promotes Donnie King to CEO

Former-COO King to succeed Dean Banks as chief executive effective immediately with expected focus on ...
News

UK: Ferrero builds on biscuit arsenal with Burton’s acquisition

Jammie Dodger and Wagon Wheel producer generated sales of more than £275m in the last ...
2 months
News

Israel: Agtech manufacturer launches incubator for foodtech start-ups

ICL Group seeks to support and fund early-stage and market-ready companies producing alternative proteins and ...
2 months
News

Canada: Saputo acquires vegan Sheese brand Bute Island Foods

Dairy giant invests C$187m in strategic M&A, including a value-added ingredients manufacturer's speciality protein facility
2 months
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Europe: Unilever partners with mycoprotein manufacturer to expand plant-based offering

Enough to supply consumer good behemoth with plant-based protein as it seeks hit €1bn plant-based ...
2 months
News

US: Whole Earth Brands plots further M&A in clean-label sweetener and baking categories

Nasdaq-listed Sweetener manufacturer looks to diversify its product offering as recent acquisitions are fully integrated ...
2 months
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Asia-Pacific: ChickP establishes Singapore business arm

Chickpea protein start-up expands into Asia-Pacific region with new office and business development hire
2 months
News

US: Plant-based chicken start-up raises $40m in Series B

Round was led by D1 Capital Partners, with participation by Canadian rapper Drake, as well ...
3 months
News

US: Good Natured acquires green plastic sheets producer

Vancouver-based Good Natured has acquired the operating assets of Ex-Tech Plastics for cash consideration of ...
3 months
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China: Hero Protein appoints ex-McDonald’s executive as chief executive

Vicky Lee has more than 20 years’ experience in the food industry.
3 months
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Canada: Quebec investors acquire Dion Herbs & Spices Français

The company sells 450 product varieties available in more than 1,000 retail outlets in Canada ...
3 months
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Canada: Foodtastic acquires Copper Branch vegan restaurants

Montreal-based restaurant franchiser Foodtastic has acquired the Copper Branch vegan restaurant brand.
3 months
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UK: Remedy Health raises $11m in Series A

Personalised nutrition company Remedy Health has raised $11 million in Series A funding led by ...
3 months
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Canada: Eat Beyond adds Daydream hemp and adaptogen drinks to its portfolio

Products could be in 1,000 stores across Canada by the end of the year
3 months
News

Ireland: Bain Capital acquires Valeo Foods

Houlihan Lokey provided financial advice to Boston-based private equity firm Bain Capital
3 months
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Sweden: Oatly seeks to raise $1.43bn in IPO

The company plans to sell shares on the Nasdaq Global Select Market
3 months
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UK: YourZooki launches London tech hub

Liquid supplements company aims to bolster its inhouse tech capabilities and direct-to-consumer ecommerce platform.
3 months
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US: Apeel acquires specialist imaging firm to bolster its produce appraisal

Fresh produce appraisal company Apeel has acquired ImpactVision, a specialist in hyperspectral imaging technology,
3 months
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Canada: Chef Karen Barnaby joins Modern Plant-Based Foods

Author, columnist, board member and noted chef will support product development and production scale-up.
3 months
News

UK: Organix campaigns to encourage youngsters to eat more fruit and veg

Research reveals 55% of pre-school children have two or fewer portions a day
News

Germany: DX Ventures invests in cell-based fish start-up Bluu Biosciences

The Berlin-based foodtech start-up is the ninth portfolio company of DX Ventures
3 months
News

US: Stellex Capital Management acquires Custom Made Meals

Stellex will support new investment in automation and expanded production capacity and provide management expertise.
3 months
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US: Utz Brands to acquire Festida Foods

The deal integrates Utz's largest supplier of its On The Border tortilla chip brand
3 months
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Israel: MeaTech 3D eyes cultured chicken fat pilot plant

The Nasdaq-listed company has revealed plans to establish, own and operate a scaled-up facility
3 months
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US: Branch Venture Group invests in Copra Coconuts

Copra Coconuts supplies premium coconut products sourced from Thailand
3 months
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Nestlé Health Science to acquire Nuun

The acquisition adds a lifestyle brand to the company’s functional hydration portfolio
3 months
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Benelux: Lotus Bakeries invests in direct-to-consumer platform Oot

The Dutch breakfast brand is the fourth investment by the corporate venture firm FF2032
3 months
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Singapore: Carbon Graphite invests in agtech start-up Urban Tiller

Urban Tiller's promise of delivering fresh produce within eight hours of harvest is attracting investors
3 months
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Cargill acquires Belgian bakery supplier

The ingredients giant has brought Leman Decoration Group into the fold
3 months
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UK: Nutri-Genetix convinces investors that personalised nutrition is worth investing

The London-based start-up has secured £50,000 at BBC show Dragon’s Den
3 months
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UK: Vector Consumer to launch sports nutrition range in Asia

The Liverpool-based company has signed a multi-year agreement with Liverpool FC
3 months
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UK: Foodhub appoints Hawkes as chief revenue officer

Takeaway delivery platforms Foodhub has appointed Martin Hawkes as its chief revenue officer.
3 months
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US: Stage acquires Haystack Mountain Creamery

The acquired company has a rich history as an artisanal cheesemaker in Colorado
3 months
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Nestlé launches pea milk brand Wunda

New beverage enters the market to compete with first-mover Oatly in the alternative milk segment
News

Beyond Investing launches VEGAN index certificate

The open-ended tracker certificate derives its value from the US Vegan Climate Index
3 months
News

France: Agronutris receives ‘green light’ to sell yellow mealworms for food applications in Europe

The EU has approved Agronutris's Novel Food application
3 months
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US: Laird Superfood to acquire Picky Bars

The deal supports expansion into new retail segments like convenience and drug stores
3 months
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Canada: Good Natured posts C$8m quarterly revenue

The company’s gross margins for the quarter are anticipated to reach between 36% and 38%, ...
News

UK: Britvic acquires plant-based company Plenish

The acquisition gives Britvic access to market share in the plant-based milk segment
3 months
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Netherlands: Rockstart AgriFood makes final close at €22m

Global dairy cooperative Arla Foods is among the new investors in the fund
3 months
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UK: Food and beverage deal activity rebounds

The food and beverage sector increased in the first quarter of 2021, recording the highest ...
3 months
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US: PlantX to acquire cold-pressed juice producer Little West

Plant-based e-commerce company PlantX expands portfolio with Little West acquisition
3 months
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Canada: Rockshield Capital to acquire three plant-based companies

The target companies are active players in the ingredients and CPG food markets
3 months
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Asia: Thai Union and Mitsubishi agree to partner with BlueNalu

Companies to assess market development strategies for BlueNalu’s cell-cultured seafood in Asia
News

Confirmed: KKR to sell The Bountiful Company for $5.75bn

Nestlé will acquire core brands of the supplements and nutrition company
3 months
News

US: Pivotal Ventures partners with food security charity Helping Hands

The Melinda Gates' investment firm has invested $250,000 in the non-profit organisation
3 months
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UK: First Choice Produce rescues Serious Foods from administration

Serious Foods is an established supplier to the hospitality and education sectors
3 months
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US: Kainos Capital sells Olde Thompson in a $950m deal

The private equity firm has sold Olde Thompson after three years since its acquisition
3 months
News

Israel: BioMilk goes public via SPAC merger

The cell-based milk company entered the Tel Aviv Stock Exchange via a merger deal with ...
3 months
News

Denmark: Chr. Hansen acquires ingredients company Secna

The EQT-backed company makes its first add-on investment
3 months
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Chinese cell-based fish company Avant expands to Singapore

Company will establish an R&D facility and a pilot manufacturing plant in the island nation
3 months
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UK: Tate & Lyle explores sale sweetener division

The ingredients company has confirmed that discussions with potential buyers are at an early stage
3 months
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US: Unilever to expand nutrition portfolio with Onnit acquisition

The deal comes five months after Unilever’s acquisition of vitamins maker SmartyPants
3 months
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Canada: Bakery Humanity acquires Les Aliments 2000

Private equity investors now operate three companies in the bakery category
3 months
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Nestlé in talks to acquire The Bountiful Company

The deal could pre-empt an IPO, which the KKR-backed company filed for this month
3 months

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