Shamrock Farms, one of the largest family owned-and-operated dairies in the US, has announced the expansion of its production facility in Augusta County, Virginia. The expansion comes two years after the facility was first opened and will see production capacity more than double, the company said. Once the facility is finally completed by late 2018, a total of 120 staff will be employed at the site, it added. With an …
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March 16th, 2017
Land O’Lakes, a Minnesota-based farmer-owned food and agricultural cooperative, has announced the acquisition of Vermont Creamery, a producer of dairy products. Financial terms of the transaction were not disclosed. “As we experience unprecedented growth, we need a partner who can bring the resources and expertise necessary to help us realize our vision and the potential of our business”, commented Vermont Creamery co-founder Allison Hooper. Vermont Creamery will become an independently …
Irish food firm Virginia Health Foods has launched a new range of what it describes as “savoury snackable seed cubes” under the Squbes brand name. Promoted as “no mess, nutritious, savoury snack, full of flavour and with no refined sugar”, Squbes Seed Cubes are said to be made with 100% natural ingredients and no wheat, to be high in fibre, protein, and magnesium, and to only contain “good fat”. “Ireland’s …
FMCG manufacturer Dabur has announced the inauguration of a new manufacturing facility in Tezpur, Assam. According to India Retailing, the facility will produce the whole range of Dabur’s products including health supplements, ayurvedic medicines, hair oil, shampoo, toothpaste, skin care and household products. Dabur chairman Dr Anand C Burman said: “I am extremely proud to announce the commissioning of Dabur’s most-modern factory in Tezpur. This factory will become the largest …
Consumer goods manufacturer Britannia has announced a partnership agreement with Greek company Chipita to produce and market ready-to-eat croissants in India. According to India Retailing, the new joint venture company, which will have the name Britchip Foods Ltd, will be 60% held by Britannia and 40% held by Chipita. “The company has signed a joint venture agreement with Chipita SA, a Greek company for the purpose of developing, producing and selling …
The South African arm of the multinational brewer Heineken has acquired Stellenbrau, a craft beer producer, for an undisclosed amount. Established five years ago, Stellenbrau has a portfolio that includes four signature beers: Craven Craft Lager, Jonker’s Weiss, Alumni Ale and Governor’s Red Rooibos Lager. Heineken South Africa MD Ruud van den Eijnden commented “Stellenbrau was a natural fit, as it is what Heineken was 150 years ago, sharing the …
Retail giant Auchan has launched a new convenience store brand in Lisbon called My Auchan, according to a report in HiperSuper. The move is the result of a €6 million ($6.4 million) investment, and six of the stores are expected to open by the end of the year, Among the characteristics of the new “ultra local” stores are a differentiated product range, a focus on convenience and price and digitized services, according …
German discount retail giant Aldi Sud has launched a promotional campaign called Mein Fan-Pudding, asking customers to design their ultimate dessert topping to be rolled out later this year in their stores. Shoppers can upload their designs through the Aldi Sud Facebook page from now until 5th April. The one with most votes will then be produced and launched as a new product with name of the creator during September …
Brandt, the German crispbread firm, is to acquire the Austrian brand Feldbacher as it bids to expand its presence in Europe, the Westfalen Post reports. Feldbacher is the number one Austrian brand of crispbread and was first produced in 1922. It is currently owned by Bahlsen, the leading German manufacturer of biscuits, snacks and other baked goods. The deal is described as forming part of Brandt’s strategy to boost revenues …
Leading Russian food retailer has posted a 13.07% increase in annual revenue to 1.07 trillion RUB ($19.0 billion), according to recently published full year results . The retailer’s gross profit increased to 295.76 billion RUB ($5.25 billion), with its margin standing at 27.52%, according to a report in European Supermarket Magazine. The retailer is said to have added a total of 1,970 stores to its portfolio during 2015, where 927 were convenience stores, 18 …
