WORLD NEWS
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PepsiCo targets to replenish more water than it uses as part of goal to be “net water positive” by 2030
USA – American-based multinational food and beverage company PepsiCo has made a pledge to become “net water positive” by 2030. To achieve this goal, the maker…
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Huhtamaki to expand presence in flexible packaging market with US$483m acquisition of Elif
TURKEY – Finnish food packaging specialist Huhtamaki is set to expand its position in the flexible packaging market with a US$483 million acquisition of Turkish-based…
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Carlsberg’s raises full year guidance emboldened by strong recovery in beer volumes
DENMARK – Danish multinational brewing company Carlsberg has raised its full-year earnings guidance after reporting a “strong set of results” for the first half of the…
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Aryzta continues business simplication with sales of Brazil Unit as Harlan Bakeries acquires AmeriQual
BRAZIL – Switzerland-based international baking company Aryzta has agreed to divest its Brazil businesses to Grupo Bimbo in its latest move to simplify its operations. “The successful sale…
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Apeel raises US$250m investment to accelerate innovation in fresh produce preservation
US – California-based fresh produce preservation company Apeel has raised US$250 million in Series E funding led by existing investor Temasek and participated in by other…