Bega Cheese Limited said it has entered into a binding share sale and purchase agreement to acquire all of the shares in Lion Dairy & Drinks from Japan’s Kirin Holdings for a net acquisition price of A$534m (US$393m).
The UK has seen a 44% reduction in sugar content per 100ml in drinks covered by the UK’s sugar tax: a much greater reduction than sugar reduction achieved across food categories, according to a government report.
Malaysian kefir specialist firm MayKef says it is proudly taking a ‘health over taste’ approach to its production and marketing as it seeks to extol the virtues of goat’s milk and coconut milk kefir over traditional dairy.
Core Power, a brand of fairlife LLC, has announced strawberry as the latest flavor to join its ready-to-drink high protein shakes in the Core Power Elite line, which already includes chocolate and vanilla flavors.
The New Zealand F&B industry has blasted the local government’s upcoming container return scheme, calling this costly, bureaucratic, and almost-certainly going to raise beverage costs and prices, which will be passed on to consumers.