alcoholic beverages

17 Jul 2024
--- Athletic Brewing Company, the largest non-alcoholic brewery in the US, has closed a US$50 million equity financing round, valuing the company at a reported US$800 million.The company says growth investor General Atlantic... Read More
08 Jul 2024
--- UK Pepsi bottler and soft drinks maker Britvic has agreed to a takeover bid of £3.28 billion (US$4.2 billion) from Carlsberg. The move is expected to allow the Danish brewer to expand its drinks bottling operations in... Read More
01 Jul 2024
--- Absolut has unveiled a limited-edition bottle in collaboration with The Andy Warhol Foundation for the Visual Arts, inspired by the rediscovery of Warhol’s Absolut “blue” painting. Launching exclusively in... Read More
28 Jun 2024
--- International Flavors & Fragrances (IFF) has launched its Sustainability Brewing Calculator, simplifying sustainable decision-making for brewers. The online tool reveals how adjustments to raw material inputs can lead to... Read More
28 Jun 2024
--- With a history of over 160 years in the food and beverage market, Tate & Lyle has long been a staple in the industry. Even so, last week’s announcement about the company’s plans to buy CP Kelco, a seller of... Read More
27 Jun 2024
--- The cost of hosting a 10-person barbeque on the Fourth of July this year will hit US$99 — the highest on record. Beef, beer, soda and lettuce will make up 64% of the total cost, according to Rabobank figures.... Read More
27 Jun 2024
--- DS Smith has partnered with Carlsberg in Poland to introduce DS Smith Round Wrap to selected product lines. DS Smith Round Wrap is a multipack packaging solution that rounds corners, designed to reduce CO2 emissions when... Read More
14 Jun 2024
--- In this week’s industry updates, Cargill injected US$4 million in an innovation center in China for syrups and cocoa advancements and FrieslandCampina shared its farmer premiums for sustainability initiatives.... Read More
11 Jun 2024
--- Danish biotech start-up EvodiaBio has tapped into precision fermentation to formulate sustainable aromas that create the “taste of hops” in non-alcoholic beer and has received a €7 million (US$7.5 million)... Read More
07 Jun 2024
--- This week in industry news, Puratos opened a sourdough hub to drive R&D efforts and Döhler targeted plant-based food demands. The FAO discussed soil health, while a consumer survey revealed consumers heightened... Read More
06 Jun 2024
--- The US Food and Drug Administration (FDA) has received the nod from the Department of Health and Human Services to create a unified Human Foods Program (HFP) after more than a year of scrutiny. The agency will also undergo... Read More
04 Jun 2024
--- An international survey by Pall Corporation, a company that provides technology to reduce waste and slash the amount of water used in beer production, has revealed that beer drinkers are willing to pay more for their... Read More
29 May 2024
--- Switching similar F&B products can significantly reduce greenhouse gas (GHG) emissions from groceries, according to a new Australian study conducted by researchers at The George Institute for Global Health and Imperial... Read More
27 May 2024
--- The first four months of the year have shown a “positive outlook” for the UK F&B merger and acquisition (M&A) activity as the country deals with “lingering” macroeconomic challenges. The... Read More
24 May 2024
--- In this week’s industry updates, Mondelēz International inaugurated a bakery and snacks lab in Singapore to boost NPD and Coca-Cola revealed plans to invest in Africa. The USDA injected funds worth US$300 million to... Read More
23 May 2024
--- Alcohol industry giant Diageo is trialing a Dry Molded Fiber bottle for its Baileys, the Original Irish Cream Liqueur, in partnership with PA Consulting, as part of the Bottle Collective. The bottle employs PulPac’s... Read More
23 May 2024
--- US-based investor KPS Capital Partners is set to acquire Tate & Lyle’s joint venture Primient, which formulates plant-based ingredients, for US$350 million. The move will complete KPS’ remaining 49.7%... Read More
21 May 2024
--- Investment in F&B manufacturing in the UK is falling, according to a Food and Drink Federation’s (FDF) report and survey. Brexit, the global COVID-19 pandemic, geo-political unrest, extreme weather conditions and... Read More
20 May 2024
--- Austrian winery Heribert Bayer has launched its Zeronimo wine — the world’s first-ever dealcoholized 98 point rated wine — into the US market. The Zeronimo brand offers a premium alcohol-removed red wine,... Read More
15 May 2024
--- From “juicy” flavors such as red apple and passionfruit to “green” flavors like lime and apple — consumers are increasingly interested in exotic flavors and textures, giving way to sensory... Read More