Archives for July 19, 2017

NEWS IN BRIEF

Koia ‘positioned to become category leader’ in plant-based beverages with $7.5m investment

Koia, a refrigerated RTD plant-based protein beverage company, has secured a $7.5m funding round led by private investment firm KarpReilly and existing investor AccelFoods.

Chinese demand continues to boost Australian wine exports

Australian wine exports to China continue to grow, with exports to the Greater China region growing 33% in 2016-2017 and exports to mainland China up 44%.

Anheuser-Busch adds Hiball and Alta Palla to non-alcoholic portfolio

Anheuser-Busch has acquired organic energy drinks manufacturer Hiball in a deal that will be completed by the end Q3 2017.

GSK to sell Horlicks brand in the UK

GSK has announced it intends to sell its Horlicks brand in the UK, and is proposing to close the associated manufacturing site in Slough. It also intends to sell its Maxi Nutrition brand in the UK. 

FDE: Act now before Commission considers maximum levels

Mandatory acrylamide action could be in place by spring 2018

An EU vote backing the Commission's proposal to reduce acrylamide in food and drink could see mandatory mitigation action and benchmark levels in place by spring next year, with maximum levels to follow.