The update underscores PepsiCo’s commitment to building a more sustainable food system while supporting farmers and reducing environmental impacts across its global operations.
The financing gives the food processing equipment business additional flexibility as it moves toward independence and a more aggressive acquisition-led growth strategy.
General Mills posted net sales of US$4.6 billion, representing a 1% increase from the same period last year.
The Zephyrhills facility is being developed in three phases, with the first phase operational by mid-2026, the second by 2028, and the third by 2030.
The new strategic collaboration will deliver food safety resources by developing a first-of-its-kind Bakery Playbook series on Food Safety.