WORLD NEWS
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Cold beverages drive Keurig Dr Pepper’s growth in FY 2021 but higher costs dent outlook
USA – A thirst for Keurig Dr Pepper’s cold beverage portfolio drove overall sales at the Plano-Texas-based company in 2021. Full-year net sales rose…
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Hilton Food Solutions acquires minority stake in UK sausage brand to expand product portfolio
UK – Hilton Food Solutions, a subsidiary of UK-listed food packaging business Hilton Food Group, has acquired a 25% stake in Alf Turner Sausage Company…
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AB InBev, Molson Coors full year results eclipse pandemic levels driven by recovering beer demand
BELGIUM – Alcoholic beverage giants AB InBev and Molson Coors have reported strong full year sales for 2021 mainly driven by premiumisation and recovery demand…
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Utz Brands completes acquisition of Clem Snacks and J&D Snacks, appoints Satyaki Lodh as chief information officer
USA – U.S. manufacturer of branded salty snacks Utz Brands, Inc., has completed the acquisition of the assets of two existing third party direct store…
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JBS withdraws plan to buy remaining shares in Pilgrim’s Pride, to pay $52.5m in price-fixing lawsuit
USA – JBS, the world’s largest meatpacker, has withdrawn a proposal to acquire the remaining shares of its U.S.-based subsidiary Pilgrim’s Pride. The company said…