HIPPEAS, one of the fastest-growing natural snack food companies, announced a group of new investors whose equity stake will help the brand continue its explosive growth trajectory. Revenues are on track to more than triple in 2017. Their CEO and Co-Founder Livio Bisterzo confirmed that Strand Equity Partners, a leading growth equity fund co-founded by Seth Rodsky, and Leonardo DiCaprio have invested in the company. They join ex barkTHINS EVP and current General Manager of HIPPEAS, Joe Serventi, who recently invested […]
Weetabix Food Company, Britain’s number one selling cereal brand, announced a £30 million capital investment programme across its UK manufacturing sites in Burton Latimer and Corby. The creation of new production capacity by 2018 will significantly raise volumes to match rising sales of the iconic Weetabix biscuits both at home and overseas. The investment will […]
Online food delivery service Just Eat has invested £3.5m in FlyPay, a mobile hospitality platform. FlyPay has grown from a restaurant ordering and payment app, working with the likes of Gourmet Burger Kitchen and Wahaca, into a broader solution that brings together a variety of services, including booking, loyalty and delivery, into a single platform for restaurants and bars. As part […]
Following increased investment from leading beer and beverage company, Carlsberg UK, Italian beer brand, Birrificio Angelo Poretti, has experienced record sales growth, now up 150%. Poretti has become a key focal point for Carlsberg UK in the past 12 months, and recent investment has been used to launch a national sampling campaign – aiming to […]
Consumer packed goods companies like Unilever, P&G, Kellogg’s and Danone should watch their back as venture capital and tech-food startups are going to disrupt Food and Beverage industry once and for all. For the last few years we saw an unprecedented amounts of money pouring in to Food and Beverage business. According to the CrunchBase […]
Mondelez International, the world’s pre-eminent maker of chocolate, biscuits, gum and candy as well as the second largest player in the global coffee market, announced plans to invest $50 million (£30 million) in its Banbury, UK factory to build two new lines that will manufacture Tassimo beverage capsules. Tassimo is Europe’s fastest growing single-serve system, […]
Salt of the Earth introduced a new, sophisticated automatic packaging production line to improve quality and expand packaging options. The total investment is €1 million. The high-tech automatic packaging system is designed for tablets and granular salt products. Using rolls instead of traditional premade polyethylene (PE) bags, the new system enables the expansion of product […]
Mondelez International is taking another important step in creating a best-in-class global supply chain today by announcing plans to invest more than $130 million in new biscuit manufacturing technology and capabilities in its current U.S. network. The investment will focus on bakeries in Fair Lawn, N.J., and Richmond, Va., supporting priority cookie and cracker brands […]
Mondelez International announced plans to invest $190 million in the Indian state of Andhra Pradesh to establish the company’s largest manufacturing plant in Asia Pacific. The 134-acre multicategory food campus in Sri City will have annual capacity of 250,000 tons in the end state and will be the largest chocolate manufacturing plant in India. The […]
PepsiCo, one of the largest food and beverage businesses in India, announced plans for the company and its partners to invest ₹33,000 crores ($5.5 billion) in India by 2020. Making the announcement, PepsiCo Chairman and Chief Executive Officer Indra Nooyi said: “India is a country with huge potential and it remains an attractive, high-priority market […]
