invests

Dive Brief: Mondelēz International’s SnackFutures Ventures, a venture capital arm of the company, was one of the investors in a $4.5 million financing round for Celleste Bio, a producer of cell-cultured cocoa ingredients. The investment was led by Supply Change…

Ferrero Invests in U.S. Hazelnut Farming Ferrero Hazelnut Company, a division of Ferrero Group, has recently made a significant investment of $340,000 to enhance hazelnut production in the United States. This investment is aimed at strengthening the hazelnut industry in…

Dive Brief: Nestlé is investing $150 million to expand its plant in Gaffney, South Carolina, focusing on single-serve frozen meals production and enhancing automation and digital technology. The U.S. frozen food market is growing rapidly, with Nestlé aiming to capitalize…

Dive Brief: Hershey has announced a new agreement as part of its ongoing efforts to support cocoa growers, improve children’s well-being, and protect the environment in cocoa-producing regions. The company’s “Cocoa For Good” program focuses on addressing poverty, malnutrition, at-risk…

French Bloom, a luxury nonalcoholic sparkling wine maker, recently received a significant minority investment from Moët Hennessy. The financial details of the deal were not disclosed. Launched in 2021, French Bloom is now available in more than 30 countries. Crafted…

AB InBev’s Anheuser-Busch is investing $16 million in expanding its Los Angeles brewery to enhance its production of “beyond beer” beverages like Cutwater and Nütrl vodka seltzer. The company also plans to improve its capacity for 25-ounce cans to meet…

The Weekly Sip is Food Dive’s column focused on the latest news in the rapidly changing and growing beverage sector. From inaugural product lines to big investments and controversial topics, this column aims to quench the thirst for developments in…