Heineken buys minority stake in Dutch craft brewer

Heineken has acquired a minority stake in Amsterdam-based craft brewer Oedipus Brewing, for an undisclosed sum. The Dutch-based global brewer’s investment will help Oedipus expand its business and build a sustainable ‘farmhouse’ brewery.Oedipus’s founders said on its website that they needed additional funds to realise their dreams for the future. They added that “for funds you need a partner…...

New appointment to boost Campbell’s meals and beverages brands

Campbell Soup Company has made Chris Foley president of Campbell Meals and Beverages and senior vice president of Campbell Soup in a move aimed at boosting the profitability of its meals and beverages brands. Foley replaces Roberto Leopardi, who is to leave the company.Foley has spent the past 20 years at Campbell in a variety of roles. Most recently,...

Sacmi appoints new general manager

Italian packaging equipment manufacturer Sacmi Group has appointed Giulio Mengoli as its new general manager. Mengoli replaces Claudio Marani, who has been in the post since 2016.Mengoli previously worked for General Electric and Tetra Pak. He has been the general manager of Sacmi’s business units for the past seven months, working to define the governance and strategic planning of...

Serbian drinks firm bought by PepsiCo and KMV joint venture

Growth potential in Central Europe’s non-alcoholic drinks market has prompted PepsiCo to buy Serbian soft drink producer Knjaz Miloš in a joint venture with Czech-based beverage distributor Karlovarské Minerální Vody (KMV).The two firms bought Knjaz Miloš from Mid Europa Partners, a private equity investor in central and eastern Europe, for an undisclosed sum. The deal includes the sale of...

Kraft Heinz is on a path to ‘normalisation’

Kraft Heinz is on a path to normalisation, according to the US-based food company’s chairman, Alex Behring, following the resubmission of its annual report for year-end 2018 to the US Securities and Exchange Commission (SEC).The move follows the discovery of financial mis-statements over a number of years. “The adjustments to correct prior-year mis-statements are in line with the preliminary...

Coca-Cola and Costa launch RTD canned coffee in UK

Coca-Cola and Costa Coffee have developed a ready-to-drink (RTD) chilled coffee range packed in 250ml cans.The canned drinks will make their debut this month in the UK followed by launches in Poland and China. Further roll-outs will happen later in the year.The RTD canned coffee range uses the same Mocha Italia Signature Blend coffee beans used in all Costa...

Mountain Dew develops drink with KFC

PepsiCo’s soft drink brand Mountain Dew and fast-food chain KFC have developed a new beverage called Sweet Lightning.Featuring peach and honey flavours designed to complement fried chicken, the drink is only available in KFC’s US restaurants.Sweet Lightning is the first beverage to be offered at KFC and only the second time Mountain Dew has partnered with a restaurant chain...

Canned ‘wild water’ to accompany premium scotch

A high-quality ‘wild water’ is being launched in cans for whisky drinkers who prefer a ‘splash’ with their scotch.Called Larkfire, the water is sourced from the Isle of Lewis in the Outer Hebrides and taps into the growing trend for ‘premiumisation’ within the drinks industry, where consumers take great pride and care in the preparation of their chosen drink,...

Campbell Soup snacks on strong sales

Campbell Soup Company posted stronger-than-expected third quarter sales, following the agreement to divest its Bolthouse Farms business and the recently completed sales of the US refrigerated soup and Garden Fresh Gourmet businesses.Sales for the three months to the end of April were US$2.18 billion, up 16 per cent compared with the same period last year.The company posted figures for...