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Food & Beverage

PepsiCo and bottler acquire Russia-based Sobol-Aqua JSC

May 7, 2008
PepsiCo Inc. and its bottler Pepsi Bottling Group Inc. said that they completed their acquisition of Russia-based Sobol-Aqua JSC, the Associated Press reported recently.Financial terms of the deal were not
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Mars and Buffett team up to buy Wrigley

April 28, 2008
M&M''s candy maker Mars Inc has teamed up with billionaire Warren Buffett to buy Wm Wrigley Jr Co., the world''s largest chewing gum maker, for $23 billion, creating the world''s
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Kraft sells Spanish biscuit, Hungarian chocolate businesses

April 28, 2008
Food maker Kraft Foods Inc. said recently it agreed to sell its Artiach biscuits business in Spain and its Balaton chocolate trademark in Hungary for undisclosed terms, the Associated Press
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EU relaxes rules on backbones in T-bone steak

April 22, 2008
According to Reuters, the European Union has agreed to further relax food safety rules on T-bone steaks that were first imposed due to fears over mad cow disease, the European
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Beef producers rise after South Korea lifts ban

April 21, 2008
According to the Associated Press, shares of beef producers rose recently after South Korea lifted its ban on bone-in beef from the U.S. -- a development that analysts said should
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Coca-Cola Finalizes Joint Venture Deal

April 16, 2008
The Associated Press is reporting that beverage company Coca-Cola Co. said recently it finalized a joint venture with Italy-based illycaffe SpA that will debut three coffee drinks in Europe next
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Wyo. Ranchers Wary of Brazilian Consolidation

March 31, 2008
The Associated Press is reporting that Wyoming cattlemen concerned about consolidation in the meatpacking industry said they''re worried by a Brazilian company''s bid to buy out two rivals and
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Heineken Finalizes Site of New S.African Brewery

March 26, 2008
Reuters is reporting that Heineken, the world''s fourth-largest brewer, has finalized the siting of its new South African brewery south of Johannesburg, which will create 225 jobs and take on
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Pepsi Buying Russian Juice Maker

March 24, 2008
According to CNN, PepsiCo and its biggest bottler said recently that they are paying $1.4 billion to buy a majority stake in Russia''s biggest juice company, a deal that expands
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Pilgrim''s Pride closing chicken facilities

March 12, 2008
According to Reuters, Pilgrim''s Pride Corp said recently it will close a chicken processing complex and almost half of its U.S. chicken distribution centers as it tries to cope with
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