Total Produce takes a big stake in rival Dole Foods

Irish food group Total Produce could take over US-based fresh produce distributor Dole Foods Company following its acquisition of a 45 percent stake in Dole worth €242 million (US$300 million).The shares were purchased from Dole Foods chairman David Murdock, who previously owned the entire business after completing a deal with shareholders in 2013. He will continue in his role...

Cannabis-infused beverage joint venture for Molson Coors Canada

Opportunities in non-alcoholic, cannabis-infused beverages drinks have prompted the formation of a joint venture by Molson Coors Canada and cannabis producer The Hydropothecary Corporation (HEXO).The move follows the legalisation of cannabis products for recreational use in Canada.Under the deal, expected to be completed before the end of September, Molson Coors Canada will have a 57.5 per cent share, with HEXO...

Seafood canner Thai Union hit by decline in demand for tuna

The weak Thai currency, a drop in demand for tuna and more expensive raw materials have contributed to a drop in sales and profit for Thai Union in its second-quarter results. The Bangkok-based canner of seafood brands such as John West, Petit Navire and Chicken of the Sea reported that its three-month sales were down 2 per cent at THB...

Scientists give food a protective shell

Researchers from the National University of Singapore (NUS) have developed an environmentally-friendly food packaging material that is free from chemical additives, by fortifying natural chitosan-based composite film with grapefruit seed extract (GFSE). The NUS says that the material can slow down fungal growth, doubling the shelf-life of perishable food such as bread.Chitosan, a natural and biodegradable polymer derived from...

Buffett appears on cans of Cherry Coke for China launch

Warren Buffett, whose Berkshire Hathaway investment group owns about a fifth of Coca-Cola’s shares, has appeared on the packaging for the launch of Cherry Coke in China.It came about because Buffet is both one of the best-known fans of Cherry Coke and a hero amongst young Chinese investors.Although first launched in the US 30 years ago and then around...

Refresco completes acquisition of Cott’s bottling activities

Refresco has completed the acquisition of US-based Cott Corporation’s bottling activities, creating the world’s largest independent bottler for own-brand products.With the deal, Dutch-based Refresco almost doubles its global production volume to around 12 billion litres and now has a footprint of 59 facilities in 12 countries, employing more than 9,500 people.The completion follows Refresco shareholder approval, and approval in...

US craft brewers lobby government for support during lockdown

The trade body that represents craft brewers in North America has called for more US government support for the sector, which has been badly hit by the coronavirus pandemic.Bob Pease, chief executive of the Brewers Association, met with Eugene Scalia to discuss the impact of the crisis on small and independent breweries on 7 May. Pease wants more assistance...

Winery targets female Millennials with four-packs of cans

Terlato Wines has launched in the US two of its Seven Daughters-branded wines in easy-open aluminium cans
Terlato Wines has launched in the US two of its Seven Daughters-branded wines in easy-open aluminium cans.The canned wine is aimed at the popular Millennial female-focused category dominated by value-priced wines.“Seven Daughters wine in cans is the perfect fit for our savvy, confident and connected consumer,” said William Terlato, chief executive of Terlato Wines based in Lake Bluff, Illinois....

Anheuser-Busch InBev acquires canned wine brand

Global brewing giant Anheuser-Busch InBev (A-B InBev) continues to expand outside its core beer market with the acquisition of US brand Babe Wine.Babe Wine was co-founded by entrepreneur and social media celebrity Josh Ostrovsky, according to a report from Bloomberg.The company, then called Swish Beverages, first launched White Girl Rosé in 2015 and now generates more than 95 per...

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