Cott Corporation acquires Clearwater expanding its presence to Hungary

HUNGARY – Eden Springs, a wholly-owned subsidiary of bottled water delivery services company, Cott Corporation has fully acquired Hungarian company, Clearwater. Through the acquisition of ClearWater Kereskedelmi és Szolgáltató Korlátolt Felelősségű Társaság, Eden Springs will […]

Ethiopian government to review the new excise tax rate on bottled water

ETHIOPIA – The Ministry of Finance of Ethiopia is reviewing the new excise tax rate imposed on bottled water following strong resistance from water bottlers. Through their association, water bottlers strongly opposed the 15pc excise […]

Raisio invests US$50m in plant-based value added products facility

FINLAND – Raisio Group is investing approximately €45 million (about US$50 million) in building a production facility to manufacture plant-based value added products. The facility is scheduled to be completed in 2021 and will complement […]

Winning with purpose: PepsiCo expands convenient foods and beverage offerings

USA – PepsiCo, the American food and beverage giant behind the Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana brands has popped into the new year with multiple launches across some of its leading food and beverage […]

Taco Bell unveils global sustainable packaging commitments

USA – Taco Bell, the quick-service restaurant operated by Yum! Brands, has made new bold commitments seeking to make all consumer-facing packaging recyclable, compostable or reusable across its restaurants worldwide by 2025. As part of […]

Meat alternative startup New Age Meats raises US$2.7m in seed funding round

USA – New Age Meats, a Berkeley-based cultivated meat company, has closed a US$2.7 million in seed round funding led by ff Venture Capital, New York-based venture firm focused on early stage investments. Other investors who […]

Pestell Nutrition acquires animal feed ingredients distributor Origination O2D

USA – Wind Point Partners-backed Pestell Nutrition has acquired Origination O2D, a Minnesota-headquarted value‐added distributor of animal feed ingredients. Pestell Nutrition said that the acquisition of O2D is a highly strategic move to the company […]