Keeping the pace: New study highlights plant-based protein trends in 2020

USA – Plant-based proteins dominated the food and beverage landscape in 2019 driving new product introductions and overall industry buzz. As food companies look for ways to keep pace with the rapidly expanding and evolving […]

Fanisi Capital merges with Ascent Capital to raise funds for expansion in East Africa

EAST AFRICA – Fanisi Capital, a fund which makes direct investments and Ascent Capital, a growth capital provider, are set to merge and raise funds for bigger deals in the region. The two say consolidating […]

Molson Coors Beverage to acquire US craft beer maker Atwater Brewery

USA – Tenth and Blake Beer Company, the US craft division of Molson Coor Beverage Company has secured a deal to acquire Detroit-based craft beer maker Atwater Brewery. Founded in 1997, Atwater Brewery is one […]

Jusu acquires Canadian beverage company Westbloom to expand offering

CANADA – Jusu Bars, a health and wellness company based in Victoria, Canada, has acquired Westbloom Inc., a Calgary based beverage company specializing in coffees, teas and cold brew beverages. The acquisition will allow Jusu […]

Global edible packaging market to reach US$721m by 2026 – new report indicates

USA – With the rising demand for biodegradable packaging worldwide, the global edible food packaging market is projected to reach US$721.99 million by 2026, according to a recent report published by Fior Markets. An edible […]

Sime Darby Plantation offloads its Liberian oil palm business unit

LIBERIA – Sime Darby Plantation (SDP), a Malaysian oil palm planation company has completed the sale of its entire 100% equity interest in its palm oil concession in Liberia, Sime Darby Plantation Liberia Inc. (SDPL) […]

Zomato acquires Uber’s food delivery business in India to accelerate growth

INDIA – Zomato, the food delivery company backed by Alibaba’s Ant Financial, has acquired Uber Eats India in an all-stock transaction which will give Uber a 9.99% stake in Zomato. The companies did not disclose […]

KKR-backed Upfield Group acquires Violife brand owner Arivia

NETHERLANDS – Upfield Group, a plant-based butter and spreads producer owned by private equity giant, KKR, has completed the acquisition of Violife brand owner, Arivia. Following the acquisition, which was first announced in October 2019, […]

Notable changes in South Africa’s consumption behavior as consumers aggravate to vegan lifestyle

SOUTH AFRICA – More eateries and food outlets in South Africa are catering to vegans as demand grows with the rise of South Africans adopting to a vegan lifestyle. In the country, this month of […]