News

Coca-Cola Acquires Dairy-Free Companies

The soda giant diversifies its portfolio with dairy-free holdings to offset falling profits from sugar slump.

Soda giant The Coca-Cola Company recently made several investments in international dairy-free companies. According to Nasdaq, the company—which owns 500 brands—has experienced a downturn in sales due to changing consumer preferences. To diversify away from sugar-laden products, Coca-Cola acquired Chinese plant-based protein beverage company China Green Culiangwang Beverages Holdings late last year. Last June, Coca-Cola also purchased soy-based beverage company AdeS—based in Latin America—for $575 million from global corporation Unilever. Stock market analytics firm Zacks Equity Research said these acquisitions are a “major portfolio diversification step that most shareholders should appreciate.” Coca Cola isn’t the only corporation looking to the plant-based industry for growth opportunities. Last year, chicken producer Tyson Foods made an undisclosed investment in vegan company Beyond Meat, drawing from a $150 million investment fund the meat giant set up to be used exclusively for the purpose of investing in meat alternatives.

More News

New NGO Aims to Make Vegan Food Widely Available

Balanced works with major food companies to develop more plant-based options.
Read More »

New Animal Sanctuary Herbivorous Acres Finds a Home

Herbivorous Butcher and friends landed a plot in Milaca, MN to house rescued chickens, mini-donkeys, mini-horses, and more.
Read More »

Vegan Eatery with Ocean Views to Open in Miami

Chef Matthew Kenney will launch 1 Hotel South Beach's first vegan restaurant this month.
Read More »

Vegan Burger Gets Big Thumbs Up from Men's Health

The publication says the Impossible Burger at Michelin-starred Saxon + Parole in NYC has "game and gusto."
Read More »

Vegan Doctors File Suit to Ban Hot Dogs in LA Schools

Physicians Committee for Responsible Medicine says that serving processed meat in Southern California school cafeterias goes against the state's nutrition policies.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »