Funding Acquisition and Finance News
Keurig Dr Pepper to Buy Energy Drink Brand Ghost for More than $1B – Food Dive
Keurig Dr Pepper is buying energy drink maker Ghost for more than $1 billion, the companies said in a statement.
Drumroll Secures $3M Investment from 7 Mile Brands – Just Food
Drumroll, a US-based donut company known for its “low-sugar, high-protein” offerings, has secured a $3m investment from consumer packaged goods brand incubator 7 Mile Brands.
Maya Jama Joins Swedish Plant Milk Company Sproud as Investor and Co-owner – Vegconomist
Award-winning British television presenter and entrepreneur Maya Jama has become an investor and co-owner of Swedish pea milk brand Sproud.
Minerva Foods Completes Transaction to Acquire Marfrig Assets – FoodBev Media
Minerva Foods has finalized the acquisition of Marfrig assets in Brazil following approval from Brazil’s antitrust authority (CADE).
Stratas Foods to Buy AAK Foodservice Factory in US – Just Food
US-based Stratas Foods has agreed to buy an AAK facility based in New Jersey supplying the food service sector.
AB InBev and Anadolu Efes Tweak Russian JV Deal – FoodBev Media
Anheuser-Busch InBev (ABI) and Anadolu Efes are revising their joint venture strategy following regulatory obstacles that have thwarted the sale of ABI’s non-controlling interest in AB InBev Efes, which oversees their operations in Russia and Ukraine.
Hormel Foods Offloads Health Labs Arm – Just Food
US-based food group Hormel Foods has sold its Health Labs business to Paine Schwartz Partners-owned Lyons Magnus for an undisclosed sum.
Pure Ice Cream to Build $21.7M Facility in Dubai – FoodBev Media
Pure Ice Cream, owner of the Kwality ice cream brand, has signed an AED 80 million (approx. $21.7 million) agreement to build a production facility in Dubai.
Oddlygood Acquires Rude Health to Expand Position in UK Plant-based Market – Just Food
Oddlygood, the Nordic plant-based food and drinks business owned by Finnish dairy firm Valio, has snapped up UK rival Rude Health.
Finnish Alternative Protein Firms Secure €10M for Collaborative R&D Projects – Vegconomist
Business Finland has granted two Finnish projects — FoodID and FinBioFAB — 10 million euros in R&D funding to create alternative proteins and materials through research collaboration.
Campbell Soup Receive $3.4 Million USDA Grant for Tomato Farming in California – FoodBev media
Campbell Soup Company has announced the receipt of a $3.4 million grant from the US Department of Agriculture (USDA) through its Regional Conservation Partnership Program (RCPP).