News & Analysis for the Beverage Industry
Apollo to buy Verallia for €2,945m from Saint-Gobain
Saint-Gobain has been in talks with Apollo Global Management, (Apollo) to buy Verallia for €2,945m, due to close at the end of the year, subject to the approval of competition authorities, including the European Commission.
Japan
Japan’s vending machine stockers have been seeing sluggish fortunes over the last year as overall sales dropped by 5% last year, down from 2013’s US$42.9bn.
Patent watch
Abbott Laboratories has filed an international patent for a process it says allows it to produce better-tasting powders with improved nutrient content.
Sustainable Foods Summit, Amsterdam
The packaging industry will see a 20-30% growth rate for bio plastic producers by 2020, driven by the likes of the Coca-Cola plant bottle, according to Innovia Films.