Food Industry Updates

• The Vita Coco Co. acquires Copra, Inc.
  $175 million acquisition supports The Vita Coco Co.’s growth in coconut water category.
• Bain report cites ‘genuine volume contraction’ for US grocery
  Unit sales declines intensified during the first half of 2026.
• McCormick-Unilever Foods merger taking shape
  Combined business to have four commercial divisions.
• Nestle to divest waters business through joint venture
  The new business will have sales of approximately $5.5 billion.