Food & Drink

AB InBev sells Australian brewer to Asahi, keeps Asia IPO on radar

July 22, 2019

Anheuser-Busch InBev, the world’s largest brewer, is selling its Australian operations to Japan’s Asahi for $11 billion and could revive the stalled flotation of its Asian business as it looks to cut debt. The Belgium-based brewer, weighed down with debt after its 2016 acquisition of..

SuperFood Holdings taps former Panera executive as CEO

July 19, 2019

Clay Sanger has been named chief executive officer at SuperFood Holdings, L.L.C. The announcement comes three weeks after Beaming Wellness and Project Juice, now operating under the umbrella of SuperFood Holdings, announced their merger. As c.e.o., Mr. Sanger will be tasked with developing and executing..

PepsiCo offers to acquire Pioneer Foods, targets African growth

July 19, 2019

PepsiCo announced today that it has entered into an agreement to acquire all the outstanding shares of South African food and beverage company Pioneer Foods Group for approximately $1.7 billion. This will be the PepsiCo’s biggest deal outside of the US to date. Pioneer Foods’..

Concerns over responsible sourcing continue to climb

July 18, 2019

Concerns about ethical consumption often are associated with Gen Z. Young consumers’ demand for transparency from food companies is so strong that global consulting agency Futerra recently dubbed them “the honest generation.” New research from The Center for Food Integrity (C.F.I.), however, revealed that that..

Increasing competitiveness through automation in the food industry

July 17, 2019

In the food industry, where margins are slim, automation continues to make inroads in efforts to increase competitiveness through improved efficiency, productivity, and cost savings. Like other manufacturing industries, the food industry has been slow to adopt automation. But as wages remain stagnant, the effort..

Plant-based sales surge to $4.5 billion

July 17, 2019

New data released by The Good Food Institute (G.F.I.) and the Plant-Based Foods Association (P.B.F.A.) show plant-based foods sales significantly outpaced overall grocery sales last year. U.S. retail sales of plant-based foods grew 11% — five times more than total food sales — bringing the..

Lactalis completes acquisition of Brazilian dairy company Itambé

July 16, 2019

Lactalis do Brasil, a subsidiary of Groupe Lactalis, has announced the closing of its acquisition of Brazilian dairy company Itambé. Founded in the state of Minas Gerais 70 years ago, Itambé Alimentos transforms 3 million litres of milk a day to produce a range of..

Campbell Soup Co. set to divest Kelsen Group

July 15, 2019

CTH Invest, a Belgian holding company affiliated with the Ferrero Group, has agreed to acquire the Kelsen Group from the Campbell Soup Co. for $300 million. The Kelsen Group is a manufacturer of baked snacks sold under such brands as Kjeldsens and Royal Dansk. The..

BRF and Marfrig end merger talks

July 15, 2019

Brazilian meat-packing business BRF and Marfrig Global Foods have ended negotiations of a potential business merger between the two companies, according to an announcement made last week. The potential new entity would have been the world’s fourth largest meat-packer after JBS, Tyson Foods and China’s..

US grain merchants ADM and Cargill reach deal to swap grain elevators

July 12, 2019

Large-scale US grain merchants Cargill and Archer Daniels Midland Co. (ADM) have reached a deal to swap a number of their grain elevators in the US Midwest, according to a report published by Reuters. Both companies, among the largest grain merchants in the world, said..