American Sugar Refining, Inc., a member of ASR Group, made a strategic investment in Bonumose, Inc. to produce and commercialize lower-cost, plant-based alternative sweeteners tagatose and allulose as part of ASR Group’s strategy to provide a variety of products to meet the wide range of consumer needs.  

Epogee LLC announced that its alternative fat technology, EPG, is now being used as a key ingredient in OWN Your Hunger’s newly launched products: OWN Peanut Butter Spread and OWN Hazelnut Spread. 

Nestlé S.A. announced that it has reached an agreement to sell its regional spring water brands, purified water business and beverage delivery service in the US and Canada to One Rock Capital Partners in partnership with Metropoulos & Co. for $4.3 billion. The company's international premium brands including Perrier®, S.Pellegrino® and Acqua Panna® are not a part of the deal. The transaction is expected to close following the completion of customary closing conditions.

Alt-Meat innovator Redefine Meat announced the completion of a $29 million A-series funding round led by Happiness Capital and Hanaco Ventures.

The Coca-Cola Company announced in the United States the introduction of a new 13.2oz bottle made from 100% recycled plastic material (rPET)*. This new bottle will be available first in the company’s biggest and most iconic brand: Coca-Cola®.

Keurig Dr Pepper announced the appointment of Justin Whitmore to the new role of chief strategy officer, effective March 1, reporting to chairman and chief executive officer Bob Gamgort. He will join the ELT and lead enterprise strategy work, including mergers and acquisitions, and corporate partnerships.

InsightsNow, a behavioral research firm, expanded its US team. The company added six new hires: Michael Dimanshtein, Tanner Hill, Kenny McMahon, Merva Morina, Renee Novak, and Art Siegert, to strengthen InsightNow’s reach and expertise in the insights industry.

The Kraft Heinz Company announced that it has entered into a definitive agreement to sell its nuts business to Hormel Foods Corporation in a cash transaction for $3.35 billion. The proposed transaction is expected to close in the first half of 2021, subject to regulatory review and approval.

PepsiCo, Inc., announced the debut of Pearl Milling Company, the new name of the pancake mix and syrup varieties previously found under the Aunt Jemima brand.

Aleph Farms Ltd. and its research partner at the Faculty of Biomedical Engineering at the Technion – Israel Institute of Technology, cultivated a slaughter-free ribeye steak, using three-dimensional (3D) bioprinting technology and natural building blocks of meat – real cow cells, without genetic engineering and immortalization.