Food & Drink

Coca-Cola buys Australia’s kombucha maker Mojo

September 19, 2018

Coca-Cola Co said on Tuesday it bought Australia-based Organic & Raw Trading Co, known for its Mojo brand of kombucha tea, extending its push into healthier drinks. The world’s largest drinks company has been increasingly diversifying its portfolio to include healthier options such as sparkling..

Vaessen-Schoemaker completes majority stake acquisition of Polish alginate-gel business Agersol

September 19, 2018

Vaessen-Schoemaker has completed the acquisition of a majority stake in Agersol Sp. z o.o. (Agersol). Katowice area-based, Agersol is a Polish producer of innovative, functional ingredients for meat applications and predominantly focuses on the production of alginate-gel based casings. Vaessen-Schoemaker has established itself in ingredient..

Vion announces management change

September 18, 2018

Vion today announces the appointment of John Morssink as CFO effective 1 November as successor of Joost Sliepenbeek who will leave the company to take on the CFO position at Action. “John brings extensive international management experience in the food and agri sector. His current..

Coca-Cola in talks to make marijuana-infused drinks

September 18, 2018

Coke is thinking about pot. The Coca-Cola Co. is considering a collaboration with Aurora Cannabis to make cannabis-infused beverages, according to BNN Bloomberg. The move, which is still in the discussion phase and not guaranteed to happen, would mark a major shift in the cannabis..

Cargill enters Polish poultry market with Konspol acquisition

September 17, 2018

Cargill has entered the Polish poultry market for the first time, as it has acquired Polish poultry producer Konspol for an undisclosed figure. As part of the deal, Cargill will purchase the Polish assets of Konspol’s food and fresh chicken business and will acquire Konspol’s..

Tyson Foods names Noel White as its new CEO and president

September 17, 2018

Tyson Foods has named Noel White as its new CEO and president following the resignation of Tom Hayes, who is stepping down from his position for personal reasons, according to a statement from the company. White previously served as the group president the company’s Beef,..

Fonterra orders shake-up after dairy giant’s first annual loss

September 14, 2018

Fonterra has announced a major shake-up of its business, including a strategic review of its troubled Chinese joint venture, as the world’s biggest dairy exporter posted its first annual loss. New Zealand’s biggest company said on Thursday it would re-evaluate all investments, major assets and..

Canada-based Fine Choice Foods acquired by private equity firm

September 14, 2018

Fine Choice Foods, the Canada-based company which specialises in Asian-flavoured appetisers, has been acquired by US private equity firm Swander Pace Capital. Based in Richmond, British Columbia, Fine Choice Foods has been serving the North American market since 1986. It makes products such as spring..

South Africa’s Aspen to sell infant formula unit to Lactalis for $864 mln

September 14, 2018

Aspen Pharmacare, Africa’s biggest generic drugmaker, said on Thursday it will sell its global infant formula business to French dairy group Lactalis for 12.9 billion rand ($864.46 million), as it seeks to cash in on growing demand for baby milk. The business sells infant milk..

Diageo’s Distill Ventures acquires stake in whiskey brand Westward

September 13, 2018

Diageo’s drinks accelerator Distill Ventures has expanded in the US single malt whiskey category with the purchase of a minority stake in Westward Whiskey. Founded by Christian Krogstad at part of House Spirits Distillery, Westward Whiskey is brewed and distilled using Pacific Northwest barley and..