The Good Life Company (TGL) has secured $1m funding from Ayesha Takia Azmi and Abu Farhan Azmi.

An India-based teas and blends manufacturer owned by Panella Foods and Beverages, TGL will use the funds to expand operations in both domestic and international markets including the US, the UK, and Singapore.

Fresh Start Beverage Company has raised $0.21m in funds through an equity offering.

The company is a US-based banana milk producer.

William Grant & Sons has completed the acquisition of Tuthilltown Spirits distillery in Hudson Valley, New York.

Spread over 36 acres, the distillery produces the Hudson Whiskey brand and includes a gourmet restaurant and visitor centre.

The acquisition marks UK-based independent distiller William Grant & Sons’ foray into the US market.

"William Grant & Sons has completed the acquisition of Tuthilltown Spirits distillery."

Privatmolkerei Naarmann has signed a memorandum of understanding (MoU) with a Pakistani distribution company to import ultra-high-temperature (UHT) milk from Europe into the country.

Naarmann will import the UHT milk using a bag-in-box package, which will be fitted with the proprietary Answer tap developed by International Dispensing (IDC).

This tap can safely dispense UHT liquid foods, while maintaining shelf life.

Based in Germany, Naarmann  is a producer of dairy products such as milk, cream, puddings, sauces, and yogurts.

Anheuser-Busch InBev (AB InBev) has sold its indirect stake in the Distell Group to the Public Investment Corporation (SOC).

The sale was completed to meet requirements set by the South African Competition Tribunal to accomplish a merger between AB InBev and SABMiller.

AB InBev is an alcoholic beverage manufacturer based in Belgium.