Food Industry

The Coors Light manufacturer’s 8.5% stake in the nonalcoholic carbonated mixer, worth $89 million, further builds on its long-term strategy of increasing its exposure beyond beer.

The snacking giant secured licensing deals in the frozen aisle for two staple brands, and Graeter’s Ice Cream partnered with Skyline Chili on the sweet and savory treat.

A merger with South American producer Mantiqueira Brasil comes amid soaring U.S. egg prices.

The finding at a California duck farm is raising alarms among public health experts that bird flu could further mutate into “unpredictable new viruses.”

In other beverage news, Suntory is shaking up its RTD cocktail lineup with a bar-inspired Lemon Drop Martini.

While consumers are willing to pay more for some items, they are being more choosy about which ones to purchase, according to the bank’s chief agricultural economist.

Grown in Peru, the ingredient features fruity, tropical notes with moderate heat. It is used in everything from seafood and poultry to sauces and salsas.

The USDA is expecting consumer costs to rise another 20% this year as bird flu devastates commercial flocks.

The offering is being marketed by the food giant as a mid-morning snack that bridges the gap between breakfast and lunch.

The company’s first major portfolio expansion is a hydration offering, with plans to enter other categories that connect it with more consumers throughout the day.