IntelliAM, a new Artificial Intelligence platform to help global food and beverage companies cut downtime and boost productivity, has completed an initial fundraising with venture capital funding and tech know-how
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- Ground-breaking Artificial Intelligence platform secures backing from Yorkshire AI Labs IntelliAM, a new Artificial Intelligence platform to help global food and beverage companies cut downtime and boost productivity, has completed an initial fundraising with venture capital funding and tech know-how...
- UK food manufacturers missing out on R&D tax relief With the UK’s love of food and drink, it is no surprise that exciting innovations are always happening in the industry, with food and beverage businesses constantly researching, developing and...
- Tirlán increases revenue by 36% to €3 billion in first year of operation Tirlán (formerly Glanbia Ireland and Glanbia Co-op), Ireland’s largest farmer-owned food and nutrition business, has announced its first Annual Report and Accounts for 2022 showing a revenue rise of 36%...
- Carbery Group sees revenue growth of 31% to over €700 million as profits rise 4% to €52.1 million Carbery Group, the international ingredients, flavours, and award-winning cheese producer, has reported a positive financial performance for the year ended 31 December 2022. Group turnover increased by 31% to €700.8...
- Ornua delivers record turnover of €3.4 billion as Kerrygold celebrates 60 years of global success Ornua, Ireland’s largest exporter of Irish dairy products, has published its operating and financial results for the 12 months ending 31 December 2022 with group turnover rising by 36.7% to...
With the UK’s love of food and drink, it is no surprise that exciting innovations are always happening in the industry, with food and beverage businesses constantly researching, developing and
Tirlán (formerly Glanbia Ireland and Glanbia Co-op), Ireland’s largest farmer-owned food and nutrition business, has announced its first Annual Report and Accounts for 2022 showing a revenue rise of 36%
Carbery Group, the international ingredients, flavours, and award-winning cheese producer, has reported a positive financial performance for the year ended 31 December 2022. Group turnover increased by 31% to €700.8
Ornua, Ireland’s largest exporter of Irish dairy products, has published its operating and financial results for the 12 months ending 31 December 2022 with group turnover rising by 36.7% to
Guinness (brand value up 26% to €2.4 billion) has retained its position as the world’s most valuable Irish brand, according to a new report from leading brand valuation consultancy, Brand
The Scotch Whisky Association (SWA) has slammed the recent decision by the Chancellor to raise duty on Scotch Whisky by 10.1%, in one of the largest tax hikes in recent
The latest UK Food and Beverage Sector M&A report from corporate finance house, Oghma Partners, shows that UK Food and Beverage M&A market activity in T2 2022 (May–August) saw a
The Irish Government has launched the second call for applications under its €100 million Scheme for the agri-food sector. The Scheme, introduced by Government at the end of 2020, has
The food and drink industry accounted for 6% of administrations in the first six months of the year – the sixth highest sector in the UK – according to analysis
A project by a rural Highland distillery to reduce its carbon footprint while increasing productivity and creating jobs has secured up to £250,000 investment from Highlands and Islands Enterprise (HIE).
Carbery Group, the Ireland-based international ingredients, flavours, and award-winning cheese producer, has reported a positive financial performance for the year ended 31 December 2021. Group turnover increased by 17% to
KKR, a leading global investment firm, has agreed to acquire a majority stake in Refresco, one of the largest independent beverage contract manufacturers in the world. Refresco’s existing investors, PAI
2021 was another record year for food and drink industry transactions, with 1,116 registered on the Zenith Global mergers and acquisitions database, an average of 21 each week. The total
Nestlé has agreed to sell 22.26 million of L’Oréal shares to L’Oréal for a total consideration of EUR8.9 billion (SFr9.3 billion). L’Oréal will cancel the repurchased shares. Following the transaction, Nestlé will
Future Farm, Latin America’s first food-tech brand to develop and produce plant-based meat, has secured £42 million ($58 million USD) in a Series C investment co-led by Rage Capital. After
After careful review, the Board of ARYZTA, the global food business with a leadership position in speciality bakery, has made the decision to cancel group’s secondary listing on Euronext Dublin.
Arla Foods has appointed Torben Dahl Nyholm as its Chief Financial Officer, with immediate effect, in a move that underlines the strength of the company’s bench of senior talent and
JDE Peet’s, the world’s largest pure-play coffee and tea group, has raised €2.25 billion from its listing on Euronext Amsterdam, making it Europe’s largest IPO since 2018. JDE Peet’s was
Greencore Group, one of the UK’s leading manufacturers of convenience food, has reported a 1.6% increase in revenue to £712.7 million for the 26 weeks ending 27 March 2020 with
UK-based sustainable packaging firm Frugalpac has secured additional funding of £2m as it prepares for the next stage of development. The company’s directors agreed to the investment at the Annual
Shawbrook Bank has provided a £26m multi-facility funding solution that enables Esterform Packaging Limited (EPL) – a leading supplier of PET preforms and containers for the beverage, food and household
The Covid-19 pandemic has severely impacted Ireland’s drinks industry, with the closure of the on-trade and restrictions in supply to
Arden Fine Foods, a leading sourcer and supplier of biscuits and bakery products, has been acquired by its management team,
Food and drink businesses defied an overall drop in UK exports during the first quarter of 2020 as supply chain
Laird Superfood has announced closing a $10 million financing round, funded entirely by Danone Manifesto Ventures (DMV) to support its growth initiatives. Since its launch
YFood, a Munich-based start-up company offering complete food solutions in the form of drinks, bars and powder, has secured a
Carbery Group, the West Cork based international ingredients and cheese company, has reported a solid financial performance for the year
The Coca-Cola Company yesterday reported first-quarter 2020 results and provided insight into how the company is navigating through the ongoing
Glanbia reported a raise of 17.0% in revenues in Q1 2020 versus prior year due to good demand across both
Premier Foods has concluded its strategic review, which was announced on 27 February 2019, and announced a transformational agreement with
Glanbia Ireland will pay a base milk price for March of 29 cpl (including VAT) for creamery milk at 3.6%
Bord Bia unveils support measures for food, drink and horticulture businesses affected by COVID-19 as part of the Government Supports for
C&C Group, a leading, vertically integrated premium drinks company which manufactures, markets and distributes branded beer, cider, wine, spirits and
Bakkavor Group, a leading provider of fresh prepared food in the UK, has successfully concluded a planned refinancing of its
Britvic has agreed its first sustainability-linked credit facility, allowing it to borrow up to £400 million over the next five
DIVA is an EU funded project that aims to support SMEs to apply their digital technology to the agrofood, forestry
EU Member States have agreed to a proposal from the European Commission to make €50 million available to Irish beef
Carlsberg Breweries has entered into a new revolving credit facility of €2 billion maturing in June 2024 with an option
Coca-Cola European Partners (CCEP), the world’s largest Coca-Cola bottler by revenue, generating sales last year of €11.5 billion and operating
The European Investment Bank (EIB) is providing a €40 million loan to Sodiaal, the leading dairy co-operative in France and
The Lakes Distillery, a leading English single malt whisky distillery, is exploring the possibility of seeking admission of its shares
Nestlé and Coca-Cola have yet again dominated brand rankings in their respective industries, each keeping runners-up at a healthy distance
C7 Brands, the rapidly growing UK health drinks distributor, has announced a direct investment from Abbey International Finance. The investment,
English independent craft beer company, The Five Points Brewing Company, has smashed its crowdfunding target of £750,000 with a week
Ornua, the largest exporter of primary Irish dairy products with annualised sales of about €2 billion across 110 countries, has
Just days after announcing that it will no longer proceed with its plans for an initial public offering, Bakkavor, the UK’s
As a growing business Packaging Automation know how important it is to keep cash within the business and how hard
US-based L Catterton, the largest consumer-focused private equity firm in the world, is purchasing a minority stake of 27.9% in
Quintessential Brands has announced a major investment in the Dublin Liberties Distillery Company including new banking facilities. It has agreed
University College Dublin (UCD) has announced O’Kale Krisps (www.okalekrisps.com) as the overall winner of the 2017 UCD Startup Stars Programme.
Nestlé is expanding its support for innovative start-ups in the USA. Nestlé USA will enter into a new partnership with
Nearly 44,000 farmers from across the EU have applied for support from the EU for agreeing to voluntarily reduce their
Startup Funding Club has recently invested £220,000 into Nom Noms and Arctic Power Berries. The early-stage companies are both part
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