EIC Alyse Thompson-Richards summarizes recent food and beverage industry updates, including Mars' investments, Campbell's chip plant closure, and expansions by Chobani, Bel Group and Rise Baking Company.
As previously announced, after an interim operating period, KDP plans to separate into two independent, U.S.-listed publicly traded companies, creating a leader in North America's refreshment beverages market and a global coffee powerhouse.
After the acquisition closes, KDP plans to separate into two independent, U.S.-listed publicly traded companies, creating a refreshment beverage company and a global coffee company.
Located on William J. Clark Drive in Conway, Ark., the 525,000-sq.-ft. facility will manufacture single-serve coffee products and potentially expand into additional product formats in the future.