General Mills backs organic food business Urban Remedy The US-based food group was the lead investor in a $17m fundraising round for Urban Remedy, which provides plant-based, ready-to-eat meals and snacks. The investment was made via General Mills' business development and venturing arm 301. Read more.

Evian aims to use only recycled plastic in its bottles by 2025 The Danone-owned water brand said it would achieve the target through pioneering approaches to package redesign and by accelerating its recycling initiatives. The move comes after Evian opened a carbon-neutral production facility in France in September. Read more.

Pernod Ricard acquires remaining stake in tequila brand Avión The deal comes three and a half years after Pernod Ricard paid $100m to take majority control of the brand. The company said the deal was it important as it focuses on "premiumisation and building brands that consumers are passionate about". Read more.

Nomad Foods to acquire Goodfella’s Pizza for €225m Goodfella's Pizza manufactures and distributes a portfolio of branded and private label frozen pizzas in the UK and Ireland. Nomad Foods's portfolio of leading frozen food brands includes Birds Eye, Iglo and Findus. Read more.

Ferrero to acquire Nestle’s US confectionery business for $2.8bn The deal will see Italy's Ferrero, which makes brands such as Nutella, Tic Tac and Ferrero Rocher, become the US's third biggest confectionery maker. Swiss food giant Nestle said it was selling the unit to focus on other products. Read more.

General Electric considers spinning off its core divisions The conglomerate is weighing up a major restructure that could include possible spin-offs for its three core divisions: power equipment, aviation and healthcare. "We are looking aggressively at the best structure or structures for our portfolio," it said. Read more.