Dutch meat alternatives innovator debuts plant-based smoked sausages

NETHERLANDS - Dutch meat alternatives innovator, The Vegetarian Butcher, has been working on a plant-based smoked sausage with a traditional taste for the past seven years. According to FoodingredientsFirst, the aim was to create a product that would taste great, even for typical meat eaters. The plant-based food market is growing at double-digit rates and…

Monster Beverages reports net sales rise 12% to surpass US$1b threshold

USA – Monster Beverages, an American beverage company that manufactures energy drinks, has reported a net sales increase of 12% to exceed US$1 billion threshold in its quarterly sales results. According to the company, the net sales for the 2018 second quarter increased 12% to US$1.02 billion from US$907.1 million in the same period last…

Tyson Foods agrees to sell Pizza Crust business to Peak Rock Capital

USA - Tyson Foods, an American multinational corporation, has reached an agreement to sell its pizza crust business to an affiliate of private equity firm Peak Rock Capital. According to the company, the sale includes TNT Crust, a business founded in 1981 that produces partially-baked and self-rising pizza crusts for frozen pizza manufacturers and foodservice…

Agrana Nile Fruits inaugurates new production line in the Middle East and N. Africa

EGYPT - Agrana Nile Fruits, a food & beverages producer specialized in production of minced fruit without additives, has inaugurated a new production line for tailor-made beverage compounds, specifically targeting markets in the Middle East and North Africa. According to FoodingredientsFirst, the joint project with Austria Juice, a sister company of the Agrana Group, is…

Heineken launches new brew infused with marijuana instead of alcohol

USA – Heineken, a pale lager beer producer, has introduced a new brew, Hi-Fi Hops, from California beer brand Lagunitas, made with marijuana instead of alcohol. The company said the new brew is part of a growing trend of established companies diving into the marijuana industry and could give a boost to the struggling beer…

Coca-Cola European Partners reports first half year revenues at US$6.19m

USA - Coca-Cola European Partners, has announced its interim results for the six months ended 29 June 2018 with a reported revenue totalled at US$6.19 million, maintaining full-year 2018 outlook. According to the company, the first-half diluted earnings per share were US$0.97 on a reported basis or US$1.15 on a comparable basis, including a negligible…

Hershey-owned Dagoba Organic Chocolate debuts new range of flavour-infused bars

GERMANY - Dagoba Organic Chocolate, a brand of premium organic chocolate, owned by Hershey, has debuted a new range of infused flavours for its bars and bite-sized chocolate ‘Gems’. According to Financial Times, Dagoba offers unique flavour combinations as part of its brand identity. The new flavours include 84% cacao extra dark chocolate, 37% cacao…

Competition Commission of India clears Walmart’s US$16bn Flipkart acquisition

INDIA- The Indian regulator has approved Walmart’s US$16 billion acquisition of India’s largest e-commerce firm Flipkart, its biggest takeover ever in a fast growing retail space. In May, Walmart announced the acquisition of 77% stake of Flipkart to beef up competition against its rival Amazon who acquired Whole Foods, the American organic products retailer for…

AB InBev to build new brewery in Mozambique, Nigerian brewery to open this month

MOZAMBIQUE- Anheuser-Busch InBev (AB InBev), the world’s largest brewing company has said it is investing in a new brewery in Maputo, Mozambique whose construction is set to start second-half of 2019. While the sum of the transaction was not disclosed, the Belgian based brewer said the new facility will have a capacity of 2-million hectoliters…

Food Control agency shuts down Kripsy Kreme over expired ingredients

NIGERIA- National Agency for Food and Drug Administration and Control (NAFDAC) and Consumer Protection Council (CPC) have shut down Kripsy Kreme Doughnuts confectionary in Victoria Island, Lagos over use of expired fillings and imposed expiry dates, BBC reports. The move was announced after NAFDAC and CPC visited the premises to conduct a quality inspection on their…