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Key Points: PepsiCo is increasing its ownership stake in Celsius Holdings as part of a $585 million deal to strengthen its presence in the energy drink category. PepsiCo will acquire convertible preferred stock in Celsius, raising its ownership stake to…

McCormick Expands Flavor Leadership in Mexico with $750 Million Investment Key Points: McCormick & Co. acquires majority ownership of joint venture in Mexico with $750 million investment. Company increases stake in McCormick de Mexico to 75% by purchasing additional 25%…

Kellanova has partnered with the U.S. Soccer Federation (USSF) to become the Official Snack of U.S. Soccer, as revealed in details shared with Marketing Dive. This marks Kellanova North America’s inaugural sports partnership encompassing its entire snack portfolio, including Pringles,…

As part of the Olipop “Summer Recharge” initiative, the soda maker is promoting paid time off. Under the program, employees are strongly encouraged to take a week off this summer. “To be clear, it’s not mandatory. There’s no punishment if…

Key Takeaways: Fresh Del Monte is acquiring a majority stake in Avolio, Uganda’s top supplier of bulk crude and edible avocado oil, to expand its specialty ingredients and innovation business. This strategic move allows Fresh Del Monte to produce premium…

Arla Foods Expanding U.S. Presence with Valley Queen Partnership Arla Foods, a leading dairy co-op, is increasing its footprint in the U.S. by teaming up with a processor to produce whey protein for the food and beverage industry. The partnership…

Exciting News: Black Rifle Coffee has teamed up with Keurig Dr Pepper to introduce a new line of ready-to-drink energy beverages. The launch is set for the fourth quarter, with nationwide availability expected in early 2025. The energy drinks will…