Producer and distributor of South Asian food in the UK, Vibrant Foods, has announced the acquisition of Fudco a producer of Asian food. Founded in 1979, Fudco has a portfolio of 2,500 SKUs with products such as nuts, spices, dried fruits, pulses, specialty flour and other Asian foods. Rohit Samani, executive chairman of Vibrant Foods, commented: “We see this new partnership as a powerful …
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USA: Tyson Food to invest $425 million in a new poultry complex
American international food corporation, Tyson foods has invested $425 million in a new poultry complex in Tennessee. Located in Gibson County, the 370,000 square foot facility includes a processing plant, feed mill, and hatchery, and it will produce pre-packaged trays of fresh chicken for retail grocery stores. The facility is expected to employ more than 1,500 employees by 2023. Donnie King, chief operating officer …
UAE: Agthia to acquire Egyptian meat producer Atyab
UAE-based food and beverages company, Agthia, has acquired a majority stake in Egyptian producer of frozen processed chicken and beef products and owner of the Atyab brand, Ismailia Investments. The acquisition is part of Agthia’s plans to expand its presence in the processed protein sector after the recent acquisition of Nabil Foods. Ismailia Investments has a portfolio of brands such as Atyab, Meatland, Shiketita, …
USA: Brynwood Partners acquires De Wafelbakkers
Private equity firm Brynwood Partners VIII L.P. has announced the acquisition of De Wafelbakkers from The Oklahoma Publishing Company, a subsidiary of the Anschutz Corporation. De Wafelbakkers is a manufacturer of branded and private label frozen pancakes, waffles, and French toast that employs around 650 people and has two manufacturing facilities. Henk Hartong III, chairman, and CEO of Brynwood Partners said: “Brynwood already has …
USA: Cerelia acquires US Waffle
Paris-based Ardian-backed firm Cerelia has announced the acquisition of US Waffle and that the company has received a strategic equity investment from Continental Grain Company. Cerelia is a leading manufacturer of fresh, ready-to-bake dough for pie and pizza and ready to heat pancakes, crepes, and cookies, whilst US Waffle specialises in premium pancakes and waffles. The acquisition comes after the company acquired Wewalka’s North …
Canada: CapVest to sell Eight Fifty to Sofina Foods
CapVest Partners has entered into an agreement with Sofina Foods to sell Eight Fifty Food Group, a producer of seafood and pork in Ireland and the United Kingdom, for an undisclosed amount. The privately owned Canadian company Sofina Foods operates in 21 different sites and is one of Canada’s largest producer of pork, beef, turkey, and chicken products. With the acquisition of seafood and …
USA: Post Holdings to acquire Ronzoni pasta from Riviana Foods
8th Avenue Foods & Provisions, an affiliate of Post Holdings, has entered into an agreement to acquire Ronzoni dry pasta from Riviana Foods, a subsidiary of Ebro Foods for $95 million. The divestment comes after Riviana Foods sold a majority stake in its USA branded pasta portfolio to TreeHouse Foods and Ebro Foods sold Catelli dry pasta to Barilla in Canada. Scott McNair, CEO …
Brazil: Carrefour to buy food retailer Grupo BIG
Global retail giant Carrefour has reached an agreement with Advent International to acquire the third-largest retailer in Brazil Grupo BIG, for about $1.3 billion. The deal reinforces Carrefour’s presence in Brazil, making it almost as big as its European operations outside of France. The acquisition, which is subject to Brazil antitrust approval, will be realised 70% in cash and 30% through new Carrefour Brazil …
Portugal: Chocolates Valor acquires Imperial
Spanish chocolate producer, Chocolates Valor, has announced the acquisition of Portuguese firm Imperial Produtos Alimentares, the major chocolate manufacturer of Portugal. Imperial, owner of brands such as Regina, Pantagruel, Jubileu and Pintarolas, was part of the venture capital fund Vallis Sustainable Investments I, but within a few weeks it will become part of the leading group in Spain Chocolates Valor, which invoices around €138 …
USA: General Mills proposes sale of European Yoplait
General Mills, the US food giant, has announced a deal to sell its 51% controlling interest in European Yoplait S.A.S. to French dairy cooperative Sodiaal. The ‘memorandum of understanding’ set between both firms includes a reduced royalty rate for use of the Yoplait and Liberte brands in the United States and Canada, as well as full ownership of the Canadian Yoplait business – making …
UK: Mondelez to acquire majority stake in Grenade
Snack and confectionery multinational Mondelez has announced the acquisition of a majority stake in sports nutrition firm Grenade for an undisclosed sum. Founder in 2010, Grenade is a manufacturer of sports nutrition products with a portfolio of high protein, low sugar products such as bars, shakes, and drinks with exports over 30 countries. The partnership with Mondelez will give access to Grenade to more …
Australia: Patties Foods acquires Fitness Outcomes
Australian pie and pastry firm Patties Foods has announced the acquisition of the ready meal business Fitness Outcomes. According to Inside FMCG, the addition will allow Patties Foods’ annual sales to reach around AUD $500 million ($387 million). During the next two months, the production of the 20 refrigerated and frozen healthy ready meals will be moving to Patties Foods’ Packenham and Australian Wholefood …
Netherlands: FrieslandCampina and Arabian Food Industries form joint venture
Dutch dairy multinational FrieslandCampina has announced that the company has signed a joint venture agreement with Arabian Food Industries (Domty) to export cheese to Africa and the Middle East. According to FrieslandCampina’s press release, the firms are combining efforts in a new company in order to sell affordable cheese products to markets in Africa and the Middle East from Egypt. “We have been seeking …
USA: Diageo to invest $80 million in expansion plans
Leading North America alcoholic drinks firm Diageo has announced plans to expand its manufacturing footprint and install two high-speed can lines at a new facility in Plainfield, Illinois. The expansion project will need an investment of nearly $80 million, which will increase Diageo’s capacity to over 25 million cases of RTDs per year, including a 500 cans per minute line and a 1200 CPM …
Belgium: Kellogg’s to Invests in Belgian Pringles plant
Leading US cereal and snacks firm Kellogg has announced plans to invest nearly $35,7 million in its Pringles snacks brand factory in Belgium, to boost sustainability and to increase capacity. With an annual production of around 104,000 tonnes of crisps and a workforce of around 650 employees, Mechelen is one of the three largest Pringles worldwide factories and shipping crisps to Europe, North Africa, …
Milk carves out niche as ‘electrolyte-rich, high calcium’ sports drink
The latest innovation insight from Gama Compass MANCHESTER – 18th March 2021: This month’s Innovation Insight focuses on a new functional beverage promising to deliver “truly effective hydration” by combining the natural properties of milk with the benefits of the latest technology – GoodSport Sport Drink. Newly introduced by GoodSport Nutrition in the US, GoodSport Sport Drink repositions milk as a drink for athletes, using …
UK: Vibrant Foods acquires Everest Dairies
UK based Vibrant Foods, parent company of South-East Asian food brands has acquired paneer maker Everest Dairies, aiming to expand its portfolio. Everest Dairies is based in Leicester, employing 43 people and supplies paneer products and set yoghurts to retailers and foodservice. The new brand will join a portfolio that includes the brands TRS, East End Foods and Cofresh. Besides producing and distributing products …
Brazil: Mateus Group to build distribution centre and open 59 stores
Brazilian retailer Grupo Mateus has announced plans to open a distribution centre in Ceara and 59 new stores in a period of five years. According to an article in Focus.jor, the group has already started the process to open its first store in Sobral, Ceara. The company considers it a strategic state and proof of that is the bold investment planned for the next …
USA: Nestle to acquire alkaline water Essentia
Multinational food and drinks giant, Nestle has announced the acquisition of Essentia Water, a premium functional water brand based in Washington. Worthing $192 million in sales the past year, Essentia produces ionized alkaline water, being the leading brand in that space in the United States. Now it will be part of Nestle USA Premium Waters portfolio together with Perrier, San Pellegrino, and Acqua Panna. …
UK: Oatly Unveils Plans to Open Its First UK Factory
Oatly, the Swedish firm behind the namesake dairy-alternative milk, has announced plans to open its first UK factory at the beginning of 2023. With a forecast capacity of 450 million litres production of oat milk per year, the new factory is said to be one of the largest plant-based dairy factories in the world and is expected to supply Peterborough area, where it is …
Australia: Mondelez to acquire snack company Gourmet Food
Mondelez International, the snack and confectionery multinational, has announced the acquisition of Gourmet Food, a leading manufacturer and distributor of premium entertaining food products, for an undisclosed sum. The movement is part of Mondelez’s strategy to strengthen its position in the snacking sector, following the recent acquisitions of Perfect Snacks and Hu Master Holding. Gourmet Food manufactures premium crackers and biscuits under the OB …
USA: Diageo set to buy RTD Ranch Water brand
Diageo, the leading alcoholic drinks firm, has announced the acquisition of beverage producer Far West Spirits, for an undisclosed amount. Far West Spirits produces the Lone River ‘Ranch Water’ brand, an RTD beverage producer known for drawing inspiration from the classic Texan ‘Ranch Water’ cocktail. The Ranch Water agave-flavoured range includes Original, Spicy, and Rio Red Grapefruit. Each 355ml can is said to be …
Turkey: Siniora Food acquires Trakya ET
Siniora Food Industries, a subsidiary of Arab Palestinian Investment Company (APIC) and a leading regional meat processing company, announced the acquisition of a 77% stake in Trakya ET Co., a meat manufacturing firm in Turkey. According to PR Newswire, the acquisition is part of the company’s strategy to grow its market share regionally and globally and the Turkish market will be a key element …
Brazil: Enxuto to open 11 stores and launch private label
Brazilian retailer Enxuto Supermercados has announced its plans for 2021, revealing that 11 new stores will open and a new private label will be launched. According to Newtrade, the 11 new stores will prioritise the ease of purchase so that the consumers can easily and quickly buy the desired items and they also have the option of using services such as click & collect, …
Brazil: Selmi acquires the Todeschini brand
Brazilian firm Pastificio Selmi has announced the acquisition of Todeschini, a brand of pasta and biscuits. The Todeschini brand joins the company’s portfolio that includes the brands Renata and Galo, ensuring Selmi’s second place in the Brazilian pasta market. “Like Selmi, Todeschini has the DNA of a family history and focuses on the quality of its products. This step taken with the acquisition of …
UK: Nestle to acquire recipe company SimplyCook
Food and drink giant Nestle has entered into an agreement deal to acquire British producer of recipe kits SimplyCook for an undisclosed sum. SimplyCook provides pre-portioned, letterbox-sized recipe kits delivered with simple instructions and specific supplies, to consumers in the UK and Ireland. Since its launching, the London-based company claims to has helped customers cook over 20 million recipes. “I am delighted to welcome …
USA: Coca-Cola announces interest in controlling Bodyarmor stake
American multinational beverage Coca-Cola company has revealed intentions to acquire a controlling stake in Bodyarmor, a functional drinks business. Bodyarmor’s portfolio includes a range of enhanced water drinks, sports drinks made with coconut water, and lower-calorie. According to sources, a Coca-Cola spokesperson said: “We can confirm that The Coca-Cola Company has filed a pre-acquisition notification with the Federal Trade Commission relating to its intent …
USA: Danone to add Follow Your Heart to plant-based portfolio
Danone, the food and beverage multinational company, has announced a partnership with plant-based foods producer Earth Island to acquire 100% of its shares and the Follow Your Heart Brand. Within Follow Your Heart products portfolio are dairy-free cheeses and yogurt, egg-free mayonnaise, cream cheese alternatives, and salad dressings, thus, this agreement will enable Danone to enlarge its plant-based offerings with Follow Your Heart products …
Netherlands: Ahold Delhaize to acquire 39 Deen stores
Dutch retailer Ahold Delhaize has announced that it has reached an agreement with Deen to acquire 39 stores to be converted into the Albert Heijn banner. According to Ahold Delhaize’s press release, Deen intends to sell 80 stores, the distribution centres, remaining business units, and the head office in Hoorn. The family-owned Deen company said that high costs needed to be ‘future-proof’ had led …
USA: 1776 Spirits Company acquires American Harvest Vodka and Beach Whiskey
Entrepreneur and investor, David Adelman, has announced that his family office Darco Capital, has acquired the spirit brands American Harvest Vodka and Beach Whiskey, forming the 1776 Spirits Company. According to Business Wire, the new company intends to provide the infrastructure and resources to market the beverages, distribute and expand distribution, and develop innovative beverages. Rebecca Running, CEO of 1776 Spirits said: “American Harvest …
Belgium: Lidl to open 23 new stores
Supermarket chain Lidl Belgium has announced that it plans to open 23 new stores in the country by the end of February 2022. According to the retailer’s press release, two new stores have opened on the 10th February 2021, in Zottegem and Virton and four new stores will open in Retie, Beaumont, Aubange, and Tongeren on the 24th February 2021. Lidl plans to remodel …
USA: Merge of Total Produce and Dole
Dole Food Company, a North American manufacturer, marketer, and distributor of fruit and healthy snacks, and Irish Total Produce, a leading fresh produce firm, have entered into a binding transaction agreement to combine under common ownership. The Transaction aims to simplify the existing structure between the two companies by enabling operational integration and allowing synergies across the enlarged business thus creating a new world …
Russia: Atria to sell OOO Pit-Product
Finnish firm Atria Plc Company has just announced that it has entered into an agreement to sell its Russian subsidiary OOO Pit-Product. According to Atria’s press release, the company has investigated various ways of developing its Russian business and has now entered into an agreement to sell OOO Pit-Product to Limited Liability Company Agricultural Complex Mikhailovskiy, member of the Cherkizovo Group. Cherkizovo is claimed …
Brazil: Super Nosso and Carrefour open first joint store
Brazilian retailer Grupo Super Nosso and Carrefour have opened their first joint store in Belo Horizonte, Minas Gerais, Brazil. According to Newtrade, the new business model, signed by both retailers in 2019, has finally materialised with the first store opening earlier this month under the Super Nosso banner. A total of 16 former Carrefour Bairro stores are planned to open under the Super Nosso …
Switzerland: Nestle to sell Nestle Waters North America
Multinational food and drinks giant Nestle, has reached an agreement to sell its Nestle Water North America business to One Rock Capital Partners in partnership with Metropoulos & Co. for $4.3 billion. The sale includes brands such as Poland Spring, Deer Park, Ozarka, Ice Mountains, Zephyrhills, Arrowhead, and Spring, while international premium brands including Perrier, S.Pellegrino, and Acqua Panna are not part of the …
USA: Hormel Foods to acquire Planters Brand
Global branded food company Hormel Foods has announced the acquisition of the Planters brand from the Kraft Heinz Co. for $3.35 billion. The acquisition includes the Planters, NUT-rition, Planters Cheez Balls and Corn Nuts brands, and three production sites. In 2020, Planters snack portfolio net sales were approximately $1 billion, and are expected to grow at Hormel’s long-term organic growth target. “Our competencies in …
UK: Wyke Farms opens new export centre
Somerset based British cheesemaker Wyke Farms has announced the opening of an export ‘centre of excellence’ with increased maturing and dispatch storing space and an on-site packaging facility. According to the firm’s press release, the cheese production capacity of aging was increased by an additional 2500 tonnes of cheddar stocks since the demand for Wyke Farms’ flagship 18-month-old Ivy Reserve cheddar has seen an …
Italy: In’s Mercato to open 30 stores in 2021
Italian discount retailer In’s Mercato is planning to open 30 new stores this year, aiming to expand market penetration and to consolidate its brand. According to European Supermarket Magazine, the retailer, owned by Pam-Panorama Group, is also planning to restyle 90 stores in 2021, in the Northeast, Northwest, and Central Italy, in addition to the 30 new store openings. The new stores will feature …
Brazil: Aymore invests over $1.8 million in factory
Aymore, a biscuits firm by the Arcor Group has announced the investment of over BRL$10 million ($1.8 million) in its factory located in Contagem, Grande Belo Horizonte, Brazil. According to Newtrade, the investment aims to increase the facility’s production capacity by 20 per cent. Anderson Freire, marketing director, research and development of Arcor do Brasil said: “We acquired technologies and new product lines that …
UK: Mondelez to invest £15 million in a new production line
Snacks and confectionery multinational Mondelez has announced plans to invest £15 million into a new production line in its Bournville facility. According to sources, £11 million of the investment will be spent to create a new production line for Cadbury Milk tablets as the company consolidates the majority of its tablets production at the site, and £4 million to increase the chocolate making capacity …
France: Biscuit International to buy Portuguese bakery Dan Cake
Biscuit International, the France-based bakery firm, has reached an agreement to acquire Dan Cake, a Portuguese manufacturer, and distributor of biscuits and cakes for an undisclosed sum. Dan Cake is a family-owned business founded in 1978 and headquartered in Coimbra, Portugal. The company has two manufacturing sites, with a workforce of 500 people. The company is a leading producer of cakes and biscuits in …
USA: Chickapea to launch +Greens a new ‘veggie-packed’ pasta line
Natural food company Chickapea has launched +Greens, a new organic pasta line with 24g of plant-based protein per serving. +Greens is organic, gluten free pasta made with chickpeas, lentils, kale, and spinach, available in the penne, spaghetti, and spirals varieties. Each serving is said to provide more than two servings of vegetables, 11 grams of fibre, 24 grams of plant-based protein in addition to …
China: Kerry Group to acquire Jining Nature Group
Global food manufacturer Kerry Group has reached an agreement to acquire Chinese flavour and seasoning company Jining Nature Group for an undisclosed sum. With the acquisition Kerry plans to strengthen its presence in the Asia Pacific market, bringing a wide range of authentic local and regional taste technologies and application capabilities to the Kerry portfolio. Founded in 2020, Jining Nature Group is a manufacturer …
Italy: Barilla to acquire Capelli dry pasta business
Family-owned leading Italian food company Barilla, has acquired the Capelli dry pasta company in Canada from Spanish firm Ebro Foods for C$165 million ($130 million). The Capelli pasta business includes the Capelli, Lancia, and Splendor brands and a manufacturing plant in Montreal. “Barilla, we’re leading the charge in transforming the pasta category, and as a category leader worldwide, it’s our mission to be an …
UK: Heineken to take ownership of Brixton Brewery
Multinational brewer Heineken has announced the full acquisition of Brixton Brewery for an undisclosed sum. The acquisition comes three years after Heineken bought a 49% stake in Brixton Brewery. According to sources, the founders of Brixton Brewery will continue leading the company operations. Jez Galaun, founder of Brixton Brewery commented, “When we look back over the past seven years, we honestly can’t believe how …
Look Ahead: Mark Napier, Gulfood 2021
Gama spoke to Mark Napier, Show Director, Gulfood, ahead of the 2021 edition of the Middle East tradeshow. What are your expectations for this edition of Gulfood? For more than three decades, Gulfood has been at the forefront of the global industry and the 2021 edition is no different. Gulfood was the only major global F&B sourcing event to take place in 2020 and, …
USA: Flagship Food to invest in La Tortilla Factory
Flagship Food Group has invested in La Tortilla Factory becoming the majority stakeholder of the company. With the investment, Flagship Food Group, a food company majority-owned by CREO Capital Partners which manufactures, sells, and distributes a wide portfolio of brands, will support La Tortilla Factory’s future growth strategy. La Tortilla Factory is a family-owned manufacturer and distributor of Mexican food products such as corn, …
Sweden: Coop Sweden to open first Unmanned store
Scandinavian retail chain Coop Sweden has announced the launch of the first unmanned store located at Satrahojden in Gavle. The store, which is an initiative to have more innovative retail solutions, was tested last summer and it will be operated by Coop Mitt, a co-operative running more than 60 stores in Gastrikland, Halsingland, Dalarna, Uppland and Vastmanland. According to sources, the store is equipped …
Brazil: Ambev and Beam Suntory sign distribution agreement
Japanese-American Beam Suntory, the world’s third largest manufacturer of spirits, behind Diageo and Pernod Ricard, has closed an agreement with Ambev, Brazil’s largest beer manufacturer, to distribute its portfolio in Brazil. According to Distribuicao, from 2015 to July 2019, Beam Suntory’s portfolio was imported and sold by Bacardi and, from then on, Beam Suntory took over the operation in the country. In July last …
Julia Stamberger, Founder,
Spinning Wheel Brands
Gama spoke to Julia Stamberger, Founder, Spinning Wheel Brands. What have been the biggest impacts of the health and economic crisis on the consumer goods industry, and how best should brands respond? “Consumers are no longer discovering new products and brands in-store, as demos and most trade promotions have been suspended, and when they enter stores, customers are quickly shopping their list and leaving, …
Thailand: Thai Union to invest in cell-based seafood company BlueNalu
Thai Union Group, a world’s seafood leader company, has announced the investment in BlueNalu, a cell-based seafood products start-up. Founded in 2018, BlueNalu develops cell-based seafood, an innovative way to produce fish products directly from the cells of fish, where taste, texture, and nutritional of the products do not vary in the process. “Thai Union is an industry leader in innovation and sustainability, and …
UK: Kendamil unveils two new baby cereal
British baby food brand Kendamil has launched two new baby cereal, including its first savoury flavour. Suitable for babies from four months, the new flavours of Broccoli & Cheesy Cauliflower and Apple and Blackcurrant Oat Porridge are claimed to be free from added sugars, palm oil and preservatives. Launched following increasing demand from customers, the new Broccoli & Cheesy Cauliflower infant cereal is claimed …
UK: Barilla acquires majority stake in Pasta Evangelists
Italian pasta and sauce company Barilla has announced the acquisition of a majority stake in Pasta Evangelists, a startup that delivers fresh pasta meal kits to homes in the UK. Founded in 2016, Pasta Evangelists delivers boxes of fresh pasta meal kits directly to clients and also distributes pasta and sauces through digital platforms and a physical outlet. According to Barilla’s press release, the …
Italy: Babasucco launches new avocado Energy Estratto beverage
Babasucco, a healthy living orientated Italian company, has launched a new Energy Estratto beverage with the avocado properties. Babasucco introduced the “cold-pressed juicing” concept in the Italian market in 2015, which according to the company, was created “to satisfy a specific function and has been studied to nutritionally satisfy,” and “help to reach your wellness goals, increase your vitality and your enthusiasm.” The company …
UAE: Agthia to acquire majority stake in Nabil Foods
Agthia Group, the leading Middle East food and beverage firm, has announced that it has acquired a majority stake in Nabil Foods, a regional manufacturer of frozen and chilled protein products that are distributed to more than 20 local and international markets. According to sources, the acquisition would represent Agthia’s entry into processed protein, as Nabil Foods specialises in manufacturing a wide range of …
Canada: Hero Group acquires Baby Gourmet
Swiss-based Hero Group has announced the acquisition of Canadian organic baby food firm Baby Gourmet. According to the group’s press release, the purchase was made as part of a strategy to increase the company’s baby food category footprint. “We are extremely pleased to have positively concluded the acquisition of Baby Gourmet and to have found a strategic partnership model with the founders to continue …
USA: Coca-Cola to sell ZICO coconut water
PowerPlant Ventures, an equity investor, has announced the acquisition of ZICO coconut water from The Coca-Cola Company for an undisclosed sum. Founded in 2004 by Mark Rampolla with the aim to make an environmentally sustainable product that would create economic opportunities in developing countries, ZICO coconut water was a fast-growing beverage during the next nine years after its creation until its acquisition by The …
USA: Maple Leaf Foods to expand plant-based production
Maple Leaf Foods has announced that its subsidiary Greenleaf Foods, a leader in plant protein products, has acquired a food processing plant in Indianapolis, USA, in order to increase the production capacity of tempeh. According to Maple Leaf press release, the growing demand of Greenleaf Foods’ Lightlife tempeh products was the driving force behind the acquisition of the 118,000 sq. ft. plant, where the firm plans …
USA: Utz Brands to acquire Vitner’s snack brand
Savoury snacks US firm Utz Brands has announced that its subsidiary Utz Quality Foods has reached an agreement to acquire Vitner’s brand and distribution assets from Snak-King Corp. According to Business Wire, the purchase price of Vitner’s, a leading snack foods brand, was $25 million. The sale includes intellectual property including the brand’s trademark and direct-store-delivery (DSD) distribution assets related to the brand’s products. …
Brazil: Bem Brasil to invest in factories
Brazilian frozen potato chips firm Bem Brasil has recently announced its plan to invest BRL$700 million ($132 million) to increase its production capacity. The announcement was made at the same time the company revealed that it will have a new CEO in 2021, Denio de Oliveira. According to sources, Bem Brasil competes with groups such as BRF, JBS, Minerva, and McCain. From 2017 to …
USA: Ben & Jerry’s develops Doggie Desserts a frozen dessert for dogs
Ice cream maker Ben & Jerry’s, a subsidiary of FMCG multinational Unilever, has entered into the pet food market with Doggie Desserts, a line of frozen dog treats. Ben & Jerry’s has developed two frozen desserts specifically designed and formulated for dogs. Made with the same ingredients used by the company in its non-dairy human desserts such as pea protein, coconut oil, and wheat flour …
UK: Somerdale International to acquire blended cheese business Abergavenny Fine Foods
UK-based dairy exporter Somerdale International has announced the acquisition of the blended cheese business of Abergavenny Fine Foods (AFF) for an undisclosed sum. According to sources, the transaction includes AFF’s blended cheese processing assets, brands, and associated trademarks. The acquisition will help Somerdale to grow and develop its portfolio of blended cheeses internationally. Somerdale is a leading UK exporter of British cheese and dairy …
USA: Jimmy’s Cookies acquires Ecce Panis Brand from Campbell Soup
US-based manufacturer of branded and private label cookies Jimmy’s Cookies has entered into an agreement to acquire artisan bread brand Ecce Panis from Campbell Soup. The acquisition includes Ecce Panis’ state-of-the-art bakery facility which will double Jimmy’s Cookies manufacturing capacity for its gourmet cookie product business. “The addition of the Ecce Panis brand is consistent with our strategy to drive growth through expanding and …
USA: Mondelez to acquire snacking company Hu Master Holding
Snack and confectionery multinational Mondelez has announced the acquisition of Hu Master Holding, a fast-growing US-based snacking company. In 2019, Mondelez made a minority investment in Hu through SnackFutures. Hu is a family business founded in 2012 and has become a category leader in premium chocolate bars with a portfolio of products that includes snacking + baking chocolates, chocolate-covered nuts and berries, and grain-free …
USA: Zevia secures $200 million investment
Global institutional investor Caisse de depot et placement du Quebec (CDPQ) has invested $200 million in the US beverage producer Zevia. Zevia is headquartered in Los Angeles and produces zero-calorie, naturally sweetened beverages that are distributed in the US and Canada. The company has a portfolio of sodas, organic teas, mixers, and other drinks, all claiming to use the plant-based sweetener stevia, offering an …
Brazil: Maricota Alimentos invests in new factory
Brazilian firm Maricota Alimentos has announced that it has invested BRL$ 50 million ($9 million) in a new factory and estimates its sales to double by 2025. According to Newtrade, the new industrial headquarters will have 15000 sq. meters and the Minas Gerais region was strategically chosen, since it is close to the suppliers of dairy products, eggs, among others. The new plant will …
UK: Baxters Food Group to acquire Truitt Bros
UK food manufacturer Baxters Food Group has acquired US-based contract manufacturer Truitt Bros for an undisclosed sum. According to sources, the acquisition is part of Baxters’ plans to expand its US and global growth strategy. Baxters is a producer of food such as canned soups, canned meat products, pickles, sauces, vinegar, chutneys, fruit preserves, salads, and condiments. Truitt Bros is a manufacturer of shelf-stable, …
Gama News – October – December 2020
The October – December 2020 edition of Gama News is now available. In this edition: o Insight By Gama Compass: The Covid-19 food and drink innovators o Gama Innovation Conference & Awards 2020 o Industry Insight: Julia Stamberger, Spinning Wheel Brands o Look Ahead: Gulfood 2021 CLICK HERE to read it now.
Netherlands: IK Investment Partners to sell Signature Foods to Pamplona Capital Management
IK Investment Partners has announced the acquisition of Signature Foods from Pamplona Capital Management for an undisclosed sum. Headquartered in the Netherlands, Signature Foods is a leading branded and private label food franchise in the chilled categories of spreads and dips, bites and tapas, and meal solutions with a portfolio of brands such as Johma, Delio, Hamal, and Heks’nkaas. Signature Foods employs over 600 …
Canada: Lactalis Canada buys Ultima Foods
Lactalis Canada, a subsidiary of French dairy giant Lactalis Groupe, has announced the acquisition of Ultima Foods from Agropur Group. According to sources, the transaction includes, all share of Ultima Foods, and the Iögo, Iögo Nanö, and Olympic brands as well as yoghurt production facilities in several locations. With the acquisition, Lactalis Canada will add 450 employees to its workforce of 3,500 employees operating …
USA: Whole Earth Brands to buy Wholesome Sweeteners
Global food company Whole Earth Brands has entered into an agreement to acquire Wholesome Sweeteners for an initial price of $180 million. Founded in 2001, Wholesome Sweeteners produces plant-based and fair-trade certified sweeteners, including sugar, honey, agave nectar, allulose, and other liquids and sweetener products, holding a 76% share in the organic granulated sugar segment of the organic and natural channel. Irwin D. Simon, …
Switzerland: Nestle launches Harvest Gourmet and invests to combat climate change
Food and drink giant Nestle has announced that it is introducing its plant-based brand Harvest Gourmet in China and investing in renewable energy. According to the company’s press release, the plant-based range includes burgers, sausages, nuggets, and mince, as well as alternatives to meals such as kung pao chicken, braised meatballs, pork belly, and spicy wok. The new range will be produced in Tianjin, …
USA: Norwest Equity Partners acquires Red Monkey Foods
Leading US middle-market investment firm Norwest Equity Partners has acquired Red Monkey Foods from San Francisco Equity Partners. Red Monkey Foods is a purveyor of premium organic, private label spices and seasonings, as well as the branded salts San Francisco Salt Company and Epsoak, operating three ‘state of the art’ facilities. Commenting on the deal, NEP Partner Sundip Murthy, said: “Red Monkey continues to …
China: McCain to build second processing facility in China
Global food company McCain has announced the investment of US $200million in the construction of a second potato processing facility in China. The company says in a statement that building on its 25 years’ presence in China and to meet the growing demand for its potato products, this development comes as the company intends to meet the growing demand for its potato products in …
Brazil: Marilan acquires Casa Suica
Brazilian biscuits manufacturer Marilan has announced the acquisition of Casa Suica, a company that produces cakes. According to sources, Casa Suica has a large portfolio of premium cakes and panettones and this fact will enable Marilan to start producing these products as well as advancing in the general distribution of products in the South and Southeast of Brazil, two strategic areas for the sale …
Indonesia: Japfa to sell 80% of dairy business Greenfields for US$ 236 million
The Indonesian agri-food, poultry manufacturing business group Japfa has entered into an agreement to sell 80% of Greenfields to TPG and Northstar Group for US$ 236 million. Founded in 1997, Greenfields has over 16,000 Holstein and Jersey cows which produce 43.5 million litres of milk per year. The milk is processed into a range of dairy products including fresh milk, yogurts, UHT milk, and …
Nigeria: Nigerian Breweries to open an ultra-modern PET bottling line
Nigerian Breweries has opened a new N5.1 billion (US$13.3m) ultra-modern automated PET line at the Ijebu Ode brewery. The PET line, which has been designed with the latest technology that meets world-class safety and quality standards, is expected to produce 24,000 bottles per hour, increasing capacity for Maltina and other varieties, satisfying the needs of millions of consumers in the region. According to the …
Belgium: FrieslandCampina to close Yoko Cheese factory
Dutch dairy multinational FrieslandCampina has announced the closure of its Yoko Cheese packaging facility in Genk, Belgium by the end of 2021. According to FrieslandCampina press release, the decision to close the facility is based on the current underutilisation of its cheese packaging network, as the company seeks to restructure its operations to save costs. The closure will lead to 211 job losses, where …
USA: Pretzels to expand with a new facility
American leading manufacturer of pretzels and extruded snacks company, Pretzels, has announced the construction of a state-of-the-art production facility in Kansas. The new facility of 150,000-square-foot, which is expected to be operational in late 2021, is expected to increase the production of flavoured and stuffed pretzels for private label and national brands and create a significant number of new jobs. “We are very excited …
USA: Ocean Spray to partner Amai Proteins to develop new beverage
American agricultural cooperative, Ocean Spray, has announced a partnership with producer of protein ingredients Amai Proteins to develop protein-sweetened reduced sugar cranberry juice. Founded in 1930, Ocean Spray is an agricultural cooperative owned by more than 700 cranberry farmers in the United States, Canada, and Chile, committed to the power of good—creating good, nutritious food that has a direct and powerful impact for the …
USA: Online grocery platform Instacart to partner with Meijer
American online grocery platform has announced a partnership with Meijer a Midwest chain of stores to deliver groceries and goods to customers across the US. Founded in 1934, Meijer is a family-owned chain of stores throughout the Midwest. In 1962, Meijer was the first retailer to launch the “supermarket” or “superstore” in the US. Nilam Ganenthiran, president of Instacart said, “Instacart’s mission is to …
USA: The J.M. Smucker to sell pet food business Natural Balance
American food and beverages manufacturer The J.M. Smucker has entered into an agreement to sell its premium pet food business Natural Balance to Nexus Capital Management for $50 million. The transaction is part of the company’s plan to focus on its core pet care portfolio, which includes brands such as Rachael Ray Nutrish, Milk-Bone, and Meow Mix, which have significant long-term growth potential, according …
USA: Prestige Beverage Group acquires Windsor Canadian Whisky brand
Minnesota-based beverages firm Prestige Beverage Group has acquired Windsor Canadian Whisky brand from global drinks group Beam Suntory. According to sources, Windsor Canadian Whisky is one of the best-selling Canadian whiskies in the US and it will continue to be produced at the Beam Suntory’s Alberta Distillers site in western Canada. Scott Schilling, general manager and CMO of Prestige Beverage Group said: “Windsor is …
France: Remy Cointreau to sell shares in Passoa SAS to Lucas Bols
French family-owned business group Remy Cointreau has announced the sale of its shares in the Passoa SAS joint venture to Lucas Bols for € 71.3 million. The joint venture was established in December 2016 between Lucas Bols and Remy Cointreau to operate and further develop the passionfruit-flavoured liqueur brand in France and international markets. According to sources, Remy Cointreau was in charge of the …
Mexico: Grupo Lala to close operations in Costa Rica
Mexican dairy company Grupo Lala has announced that it will close operations in Costa Rica to focus on its key markets, increase profitability, and improve return on invested capital. The closure, which will be effective on 11 December, includes one production facility, one distribution centre, and 12 distribution routes. Arquimedes Celis, Lala CEO said: “After a detailed analysis and review of Lala’s Costa Rica …
USA: Kind to acquire snacking company Nature’s Bakery
Healthy snacking business Kind has entered into an agreement to acquire snacking company Nature’s Bakery where terms of the deal were not disclosed. According to the company press release, the deal will accelerate Kind’s vision to build foremost health & wellness platform as a separate business within Mars. Founded in 2011, Nature’s Bakery is a family-owned company created on a promise to ‘always deliver …
UK: Unilever to complete unification process
Unilever, the Anglo-Dutch consumer goods giant, has announced the completion of the unification of its group legal structure under a single parent company, Unilever PLC. Founded in 1930, Unilever has been operating under two separated listed companies, a Duch NV and a UK PLC, with the unification, Unilever NC will merge into Unilever PLC. “This is an important day for Unilever and we would …
Australia: Bega to acquire Lion Dairy & Drinks
Cheese firm Bega has entered into an agreement to acquire Australian company Lion Dairy & Drinks for AUD 560 million (USD 412 million). The news follows the announcement that the previously-announced sale of the business unit to Mengniu would not proceed. Lion Dairy & Drinks’ core business is the manufacture, marketing, sales, and distribution of milk based beverages, yoghurt, chilled juices, cream and custards, …
USA: Unilever to acquire SmartyPants Vitamins
Unilever, the multinational consumer goods giant, has entered into an agreement to acquire US-based vitamin, mineral, and supplement company SmartyPants Vitamins. Founded in 2011, SmartyPants Vitamins offers a range of supplements free from synthetic colour, artificial flavours, sweetener, and preservatives to support the wellbeing needs of children and adults, Unilever said. In particular, the company focuses on nutrients it says can be hard to get …
China: Nestle to sell Yinlu business to Food Wise
Multinational food and drinks giant Nestle has announced the sale of its Yinlu peanut milk and canned rice porridge business in China to Food Wise, a company linked to the family of the Yinlu founder, for an undisclosed sum. The move will allow Nestle to focus on its key categories in China such as coffee, confectionery, infant nutrition, culinary, dairy, and petcare, the company …
USA: McCormick to acquire Cholula Hot Sauce
McCormick, the US spice and seasoning firm, has entered into an agreement to acquire Cholula Hot Sauce from L Catterton for $800 million in cash. Cholula Hot Sauce is described as a premium hot sauce brand in six varieties of spicy Mexican flavours. It is claimed to be made using high-quality ingredients based on a 100-year old recipe comprising a blend of fresh peppers and …
USA: Ocean Spray launches B1U brand
Ocean Spray, a US-based agricultural cooperative, has unveiled the B1U brand, described as “a line of functional beverages to support a holistic and inclusive health and wellness routine”. According to a company press release, B1U features on-trend functional benefits, simple ingredients, easy to understand nutrition and recyclable packaging. The new brand aims to “demystify nutrition so that consumers are able to make educated decisions and ultimately …
Brazil: Coty to expand deodorant factory
Global beauty company Coty has announced it is expanding a deodorant factory in Brazil which it first opened in 2012. According to Newtrade, the R$20 million ($3.7 million) expansion at Coty’s Goias plant will increase production capacity for aerosol deodorants by 30%, adding one new production line in addition to the three that are currently operating. The investment will also be focused on upgrading processes and layout of …
UK: Oscar Mayer to buy factory for meat-free foods
Prepared foods manufacturer Oscar Mayer has announced that it is acquiring the David Wood Foods’ factory in Flint, UK to produce meat alternative foods. Commenting on the move, Oscar Mayer chief executive Francois LeGrain said: “Although the Covid pandemic has changed consumer preferences with people having more time to cook from scratch at home, the meat-free alternative segment continues to enjoy significant growth and is …
USA: B.A.Sweetie Candy Company acquires Campbell’s Sweets Factory
Confectionery wholesaler B.A.Sweetie Candy Company has acquired Campbell’s Sweets Factory, a popcorn and sweets maker, according to a FoodBev report. According to sources, the Ohio- based wholesaler bought all the assets of Campbell’s Sweets Factory, which include the popcorn kitchen, bakery, and retail locations. The firm’s co-owners will become the managers of the new Sweeties Campbell’s Popcorn Company. Tom Scheiman, president of B.A.Sweetie Candy Company, …
France: PAI Partners announces three European acquisitions
European private equity firm PAI Partners has announced the acquisition of the UK chilled food businesses Addo Food Group and Winterbotham Darby, as well as the Spanish fish solution company Angulas Aguinaga. Addo Food Group (Addo) is described as a chilled savoury pastry producer, while Winterbotham Darby supplies foods such as olives, antipasti, continental meats, brioche, and pasta. Meanwhile Angulas Aguinaga is described as a …
Brazil: Grupo GSA acquires La Food
Brazilian manufacturer Grupo GSA has announced the acquisition of LA Food, a producer of snacks described as being made from “healthy” ingredients. Founded in Parana, Brazil in 2011, LA Food is predominantly a private label manufacturer, with customers including the pharmacy chain Nissei, as well Lojas Americanas, for whom it manufactures products under the Leven banner. In addition, it produces the Inspire line of soy, lentil, and multi-cereal crisps. …
France: Wessanen relocates, rebrands as Ecotone
Wessanen, the European manufacturer of natural food and drinks, has announced that it is changing its name to Ecotone and relocating its headquarters from the Netherlands to Lyon, France. As part of the rebranding exercise, the company has announced it will become a mission driven company according to French law and focus on a new goal of “food for biodiversity”. By 2030, the company …
Argentina: Walmart to sell business
US-based retailer Walmart has announced that it has reached an agreement to sell its business in Argentina to Grupo de Narvaez. Walmart will not retain an equity stake, but will support the business through transition services and sourcing agreements under the new ownership, the company said. Grupo de Narvaez has retail operations in Argentina, Ecuador, and Uruguay. Judith McKenna, president and CEO of Walmart …
Canada: Kerry Group to acquire Bio-K Plus
Global food manufacturer Kerry Group has entered into an agreement to acquire Bio-K Plus International, a Canada-based firm that develops, manufactures, and distributes “clinically supported” probiotic fermented beverages and supplements in the North American market. Kerry Group said the acquisition would expand its portfolio of products orientated to the growing proportion of consumers demanding functional foods, beverages, and supplements made with clinically supported functional ingredients. Neil Cracknell, President …
UK: Pret A Manger to launch retail coffee line
Coffee chain Pret A Manger has launched a line of coffee products for retail for the first time in the UK. Launched in partnership with supermarket chain Waitrose, the line, which will “allow customers to play the role of barista at home”, includes the two core coffees used in Pret’s stores: Pret’s Organic Classic Blend Ground Coffee (200g) which is used for filter coffee; …
Gama extends agreement with SIAL Middle East as Exclusive Innovation & Insights Partner 2021
MANCHESTER– 10th November 2020: Gama, a global provider of business information and services specializing in innovation and international trade, can today announce that it has signed an agreement to be the Exclusive Innovation and Insights Partner to SIAL Middle East 2021 and the F&B Networking Hub 2020, hosted by the Abu Dhabi National Exhibition Centre (ADNEC). The partnership will further Gama’s ability to support food and beverage …
Switzerland: Nomad Foods to acquire Findus Switzerland
Leading frozen foods company Nomad Foods has entered into an agreement to acquire Findus Switzerland from Froneri, and intellectual property from an affiliate of Nestle, for approximately €110 million ($131 million). Findus is a leading frozen brand with a portfolio of products across categories such as fish, vegetables, and ready meals. The acquisition of Findus Switzerland will unify Nomad Foods’ ownership of the Findus …
UK: Nestle to acquire majority stake in Mindful Chef
Consumer goods major Nestle has agreed to acquire a majority stake in Mindful Chef, a meal kit company, in a bid to strengthen its direct-to-consumer offering in the UK and Ireland. Founded in 2015, Mindful Chef delivers meals to households across the UK. Consumers can choose from 16 “specially curated” healthy recipes each week, which are described as being made from high quality and …
US: Benestar Brands acquires Miller Baking Company
Snack producer Benestar Brands has acquired Miller Baking Company, the manufacturer of Pretzilla branded soft pretzel bites and buns, according to a report in Nutrition Investor. With the acquisition, Benestar Brands, a portfolio company of US-based private investment firm Highlander Partners, aims to continue growth by both driving new snack innovations and accelerating existing products. President and CEO of Highlander Partners Jeff L Hull …
Germany: Bacardi to launch Twistails cocktail ‘pods’
Bacardi, the world’s largest privately-held spirits company, has announced the launch of Twistails cocktails pods, designed to provide bar-quality cocktails at home. Launched in the UK and Germany, the dual-chamber cocktail pods are described as being filled with Bacardi rum and natural flavours, and are available in the flavours mojito, strawberry daiquiri, and rum punch. According to sources, consumers only need to add water …
USA: The Fillo Factory to acquire GeeFree Foods
US-based food manufacturer The Fillo Factory has acquired GeeFree Foods, a manufacturer of gluten-free frozen products, for an undisclosed sum. Founded in 2013, GeeFree Foods is known for its gluten-free pastry sheets. In 2017, GeeFree partnered with Procida Funding to expand distribution to over 5,000 retail stores across the US. The Fillo Factory produces and distributes appetizers, snacks, small-bites entrees, and desserts and is described as …
UK: Ornua to invest £3 million at cheese packing facility
Dairy firm Ornua has announced an investment of £3 million ($4 million) in “state-of-the-art” cutting and packaging equipment at its facility in Leek, UK. The funds will be used to install an additional high-speed cheese slicing line and the expansion of Ornua’s cheese grating capabilities which will result in an additional 7,000 tonnes of capacity, bringing total annual production to over 110,000 tonnes, the …
Hundreds draw inspiration from the fifth edition of the Gama Innovation Conference & Awards
MANCHESTER – 3rd November 2020: Last Thursday (29th October), over 200 leading representatives of the global fast-moving consumer goods (FMCG) community came together to celebrate the fifth edition of the Gama Innovation Conference & Awards (FMCG), as the event further established its reputation as a key meeting point for the industry. Held virtually for the first time due to current circumstances, GICA 2020 drew a …
Look Ahead: Nasma Al Ameri, F&B Networking Hub 2020
Gama spoke to Nasma Al Ameri, Head of Marketing (Events) at ADNEC, ahead of the F&B Networking Hub 2020. What are your expectations for the F&B Networking Hub 2020? The F&B Networking Hub 2020 represents a link with the upcoming SIAL ME 2021 event. Having had to postpone SIAL ME to 7th – 9th September 2021, we still want to continue to support the …
Canada: TPG Growth to acquire majority stake in SmartSweets
Private equity firm TPG Growth has acquired a majority stake in SmartSweets, a Canadian sweets brand, for an undisclosed sum. SmartSweets manufactures a range of ‘better-for-you’ alternatives to traditional confectionery made with plant-based fibre. The sweets are said to contain between 87 and 92% less sugar than traditional sweets, as well as being free from artificial sweeteners, added sugar, and sugar alcohols. According to …
UK: Diageo to acquire Chase Distillery
Leading alcoholic drinks firm Diageo has announced the acquisition of Chase Distillery, a firm specialising in products such as gin and potato vodka. According to Diageo, Chase Distillery has a portfolio of seven gins, four vodkas, and elderflower liqueur. The distillery has a focus on quality and sustainability, using British potatoes, apples, and botanicals from the Chase Farm, Diageo added. Dayalan Nayager, managing director, …
Australia: CCEP makes takeover offer for Coca-Cola Amatil
European bottler Coca-Cola European Partners (CCEP), has made an offer to buy Australian Coca-Cola Amatil (CCA) for A$9.28 billion ($6.62 billion). According to sources, the Australian bottler is backing the offer, which prices the company below the market valuation that was made in February. CCA has reportedly seen a decrease in profit since March, due to the shutdown of restaurants and pubs. CCA chief executive Alison Watkins …
USA: JM Smucker to sell Crisco business
US food firm JM Smucker has announced that it has reached an agreement to sell the Crisco oils and shortening business to B&G Foods. According to a company press release, the move is part of JM Smucker’s intent to exit the US baking category to focus on pet food, coffee, and snacking products. The sale includes Crisco’s oils and shortening products, the brand, certain …
USA: Bacardi to launch 100% biodegradable bottle
Bacardi has announced plans to launch a 100% biodegradable spirits bottle to replace its existing packaging made from petroleum-based plastics. The new “eco-friendly spirit bottle” is designed to replace the 80 million plastic bottles – equivalent to 3,000 tons of plastic – currently produced by the company each year. According to Bacardi, the new bottle will be made possible through a partnership with Danimer Scientific, a …
UK: Finnebrogue Artisan to build new factory
UK meat producer Finnebrogue Artisan has announced plans to build a new facility to produce plant-based food in County Down. According to sources, the Northern Ireland company will invest £25 million ($32 million) to build Europe’s “most advanced” plant-based food factory. “This state-of-the-art factory, combined with some extraordinary technological leaps in new product development, will enable us to make nutritionally balanced, delicious and sustainable …
Portugal: JCCoimbra acquires Vianeza sauces and mayonnaise
JCCoimbra Group, a leading Portuguese olive oil firm, has recently acquired Purcen’s Vianeza brand range of mayonnaise and sauces. JCCoimbra Group specializes in supplying olive oil and vegetable oil to both the consumer market and manufacturing industry. In a statement, JCCoimbra CEO Miguel Arouca said: “This is a strategic decision to allow us to achieve growth through diversification, essential for JCCoimbra to further cement its presence in the market. The …
USA: Banza launches pizzas with chickpea crust
Banza, a US producer of chickpea-based products such as pasta and rice, has entered a new category with the introduction of a new range of frozen pizzas featuring chickpea crusts. According to sources, the new line includes three varieties – Four Cheese, Roasted Veggie and Margherita – as well as a two-pack with a plain crust option. All variants are claimed to be made …
China: Alibaba to take control of Sun Art
Chinese e-commerce giant Alibaba has agreed to acquire a controlling stake in grocery retailer Sun Art from Auchan for approximately $3.6 billion. Alibaba acquired a 36% stake in Sun Art in 2017, and has now increased its holding to 72%. The move indicates “Alibaba’s commitment to Sun Art and its strategy to integrate online and offline resources in China’s retail sector”, the company said. With over …
USA: Emmi to acquire Indulge Desserts
Swiss dairy firm Emmi has announced the acquisition of the US dessert business Indulge Desserts from AUA Private Equity for an undisclosed sum. Emmi has agreed to purchase an 87.7% stake in the company as part of its strategy to strengthen its dessert business in the US. Founded in 1993, Indulge Desserts is a manufacturer of American and international dessert specialties, which it manufactures …
Germany: Carlsberg to acquire Wernesgruner Brewery
Leading Danish brewer Carlsberg has announced that it has entered into an agreement to acquire Wernesgruner brewery from Bitburger Braugruppe. According to Carlsberg, Wernesgruner is one of the most traditional German beer brands and will give Carlsberg a better position in northern and eastern Germany. The addition of the Wernesgruner brewery to theCarlsberg network will improve efficiency and flexibility in production and logistics to …
Australia: SPC to acquire The Kuisine Company
Australian agribusiness firm SPC has announced the acquisition of a majority stake in The Kuisine Company, an Australian manufacturer of frozen ready meals and appetizers. The acquisition, which also includes wholly-owned brands such as The Good Meal Co, The Gluten Free Meal Co and, Simple Special, will allow SPC to expand as part of its strategy to become a global agribusiness, according to reports. …
UK: Ferrero to acquire Fox’s Biscuits from 2 Sisters for £246 million
CTH Invest, a Belgian holding company associated with Ferrero, has entered into an agreement to acquire part of Fox’s biscuit business from 2 Sister Food group for £246 million ($328 million), according to a FoodBev report. Fox’s Biscuits owns brands such as Rocky Bars, Party Rings, Crunch Creams, and also manufactures for private label companies. As part of the deal, CTH Invest will acquire Fox’s manufacturing …
UK: Walmart to sell Asda for £6.8 billion
Supermarket giant Walmart has entered into an agreement to sell UK grocery chain Asda to Issa Brothers and TDR Capital for £6.8 billion ($9.1 billion). The acquisition will return the chain to UK ownership following its acquisition by Walmart for £6.7 billion ($8.9 billion) in 1999. According to sources, the new owners joined together to acquire an equal ownership stake in Asda, and they intend to invest …
Finland: Altia and Arcus merge to form Anora
Finnish alcoholic drinks manufacturer and distributor Altia has announced that it has reached an agreement to acquire its Norwegian competitor Arcus, forming a combined company named Anora According to Altia, the combined business will form a leading wine and spirits brand house offering a portfolio of local, regional, and global brands. Altia’s current shareholders will own 53.3% of the combined company, whereas Arcus’s owners will …
UK: Meatless Farm to raise money for global expansion
Plant-based manufacturer Meatless Farm has raised $31 million to support expansion plans in the UK, Europe, the US, and Asia, according to a FoodBev report. The funds will reportedly be used to expand the brand in existing markets, grow the business to new regions, add more products to the portfolio, and further develop manufacturing in Canada. Founded in 2018, Meatless Farms operates in Leeds …
Belgium: Cargill builds “House of Chocolate” complex
Leading US multinational Cargill has announced plans to build a new chocolate complex at its site in Mouscron, Belgium. According to a press release from the multinational, the 700 sq m “House of Chocolate” complex will feature a “chocolate experience centre”, a pilot plant, a sensory lab and a creative workspace for Cargill’s European R&D team. The firm said it aimed to create a space …
USA: PepsiCo to launch functional beverage Driftwell
US food and beverage company PepsiCo has announced the launch of Driftwell, a new relaxation drink that contains l-theanine. According to Beverage Daily, the “enhanced water beverage” went from concept to execution in under a year, and was part of the firm’s internal program “The Next Big Idea”, which uses an online platform for employees to team up and develop new innovations. The non-carbonated …
Netherlands: Vivera to invest €30 million to expand meat-free facility
Plant-based foods company Vivera has announced an investment of €30 million ($36 million) to expand its Dutch facility and meat alternative production, according to a FoodBev report. The investment, which will be made over the next three years, is reportedly being made in response to the increasing demand for plant-based food suitable for vegetarians and vegans. Founded in 1990, Vivera is a manufacturer of …
Brazil: Rede Polo to acquire 57 Dia stores
Rede Polo, a retailer based in the state of Rio Grande do Sul, Brazil is reportedly acquiring 57 stores from Spanish supermarket chain Dia. According to sources, Dia recently ceased operations in the state of Rio Grande do Sul, where it had 70 outlets. Four of the stores to be acquired are located in the state capital Porto Alegre. Rede Polo, which has operated stores in Rio Grande Do …
USA: Kraft Heinz to sell cheese business to Lactalis
Kraft Heinz, the leading US food and drink firm, has entered into an agreement to sell its natural, grated, cultured, and specialty cheese businesses to a US affiliate of French dairy giant Lactalis for $3.2 billion. The transaction, which is expected to be finished in the first half of 2021, includes Kraft Heinz’s natural, grated, cultured, and specialty cheese businesses in the US, grated …
Australia: Fonterra to acquire Dairy Country
The Australian division of New Zealand dairy firm Fonterra has announced that it has signed an agreement to purchase cheese processing firm Dairy Country from food and beverage company Retail Food Group. According to a Fonterra press release, the acquisition will support the company’s core strengths in the Australian retail cheese category, since Fonterra holds a market share of 23%, with a portfolio that …
China: Beyond Meat to build two manufacturing facilities
Plant-based meat producer Beyond Meat has announced plans to build two production facilities located in Jiaxing, China The firm said the investment said would make it the first plant-based company to build its own major manufacturing facilities in China. Micky Pant, senior advisor at Beyond Meat, said: “Beyond Meat is building the perfect road to long term success in China. It has the confidence to …
USA: Walmart to start testing on-demand drone delivery
US retail giant Walmart has announced that it has begun testing the delivery of grocery and household products from its stores using automated drones. Launched in Fayetteville, North Carolina, this test is being carried out in partnership with Flytrex, an end-to-end drone delivery company. The drones are controlled over the cloud using a smart and easy control dashboard, the company said The experiment will …
USA: Verus International acquires Eliot’s nut butter brand
Diversified food firm Verus International has announced the acquisition of nut butter company Eliot’s for an undisclosed sum. Founded in 2013 in Portland, Oregon, Eliot’s is described a an award-winning small-batch, flavoured nut butter producer. According to sources, the acquisition will allows Verus International to “gain an established product line, new customers, and expertise in online sales” and “provide an entry point into some specialty …
Indonesia: Kimberly-Clark to acquire Softex Indonesia
US-based household firm Kimberly-Clark has announced the acquisition of personal care manufacturer Softex Indonesia for $1.2 billion. Present in Indonesia since 1976, Softex is described as a producer of hygiene products for children, woman, and adults, with nappies being its most important category. According to Kimberly-Clark, the acquisition of Softex will allow the company to “boost its presence in the lucrative South East Asia market”. Mike Hsu, …
India: Orkla to acquire majority stake in Eastern Condiments
Scandinavian consumer goods giant Orkla has announced the acquisition of a majority stake in India spice exporter Eastern Condiments for an undisclosed sum. Founded in 1983, Eastern Condiments Private has seven production facilities, with a workforce of around 3,000. Orkla said it would use the acquisition to “grow its position as one of the leading branded food players in India” and “have a platform …
Belgium: Paulig to invest €45 million in new factory
Finland-based food company Paulig has announced plans to invest €45 million ($54 million) in the construction of a new facility to produce “tex mex” products in Belgium. Founded in 1876 in Helsinki, Paulig is decribed as a family-owned producer of coffee, snacks, plant-based products, and spices, with operations in 13 countries. The new plant will be built in Roeselare, Belgium, next to two other Paulig …
USA: Unilever to acquire hydration powder mix company Liquid IV
Unilever, the multinational consumer goods giant, has announced the acquisition of Liquid IV, a California-based drinks concentrate company. Liquid IV is described as a health-science nutrition and wellness company that produces electrolyte drink mixes called Hydration, Energy, and Sleep, distributed across the USA. The company uses cellular transportation technology to quickly deliver water and nutrients to the bloodstream, Unilever said. Brandin Cohen, founder and …
Sweden: Bayn Europe completes deal for low-sugar candy producer Tweek
Swedish ingredient group Bayn Europe has announced it has completed its acquisition of Tweek, a reduced-sugar candy manufacturer, for 45 million SEK (€4.23 million). Founded in 2016, Tweek is said to have become the market-leading company and brand in Sweden for sugar-reduced sweets, with a total market share of about 30%. Tweek is claimed to be one of the pioneers of fibre-based sweets, where sugar …
Spain: Carrefour to acquire 172 stores from Supersol
Global retail giant Carrefour has announced the acquisition of 172 convenience stores and supermarkets from the Spanish retail chain Supersol. The French retailer operates 1,179 stores across Spain, recording net sales of €8.8 billion ($10.5 billion) in 2019 while the total net revenue of Supersol was €450 million ($537 million) last year. The stores involved in the transaction are located mainly in Andalusia and …
Australia: Kirin and Mengniu to terminate Lion Dairy & Drinks deal
Kirin and Mengniu have announced that they will not complete their planned million transfer deal for tLion Dairy & Drinks, which was announced towards the end of 2019. The deal between the two companies had been awaiting approval from Australian competition regulators. Reuters noted that the announcement followed a media report last week that the deal might be in jeopardy after the approval of a foreign investment …
Canada: Fromagerie L’Ancetre to acquire Fromagerie Le Baluchon
Canada-based cheese and butter producer Fromagerie L’Ancetre has announced the acquisition of Fromagerie Le Baluchon, a local cheese producer, for an undisclosed sum. Based in the Quebec region, Fromagerie Le Baluchon is a producer of organic cheese, said to be most well-known for its fine cheese Baluchon. The acquisition will reportedly allow L’Ancetre to diversify its production and maintain its leadership position in Canada, …
Brazil: Nestle invests $135 million in manufacturing, operations
Multinational food and drinks giant Nestle has announced investments of R$762 million ($135 million) in its Brazilian operations over the course of this year. The investment is earmarked for both creating new manufacturing lines and modernizing existing ones in the company’s facilities in Sao Paulo, Espirito Santo, Bahia, and Minas Gerais. The investment will be also used to increase production efficiency and develop technical skills. …
USA: United Sports Brands to acquire Glukos Energy
Sporting goods firm United Sports Brands has announced the acquisition of Glukos Energy, a manufacturer of energy supplements. Glukos Energy provides the “ultimate source of natural energy” for athletes, offering a range of high-glucose such as drinks, gels, and chewable tablets, reportedly allowing its consumers to achieve high levels of performance. Michael Magerman, president and CEO of United Sports Brands said: “We believe that Glukos’ …
USA: Waterloo Sparkling Water to be acquired by consortium
A consortium led by Flexis Capital has announced the acquisition of Waterloo Sparkling Water for an undisclosed sum. Founded in 2017, Waterloo Sparkling Water is a producer of fruit-flavoured carbonated waters that are free from sugar, calories, and artificial sweeteners. The private equity consortium is formed by Moore Strategic Ventures, Eurazeo, JW Levin Management Partners and Waterloo Capital’s investors. According to sources, the new …
USA: Kellogg to invest $43 million in MorningStar Farms facility
Leading US cereal and snacks firm Kellogg has announced plans to invest US$43 million in its MorningStar Farms manufacturing facility in Ohio, USA Founded in 1974, MorningStar Farms is a producer of “better-for-you and better-for-the-planet” plant-based foods such as burgers, nuggets, and hot dogs. Last year, the company launched an imitation meat line called Incogmeato. According to sources, the company will invest $25 million …
China: Coca-Cola to invest $75 million in new production facilities
Global soft drinks giant Coca-Cola and its bottling partners have announced plans to invest $75.3 million on new production lines and a factory in China, according to a FoodBev report. Swire Coca-Cola China, one of Coca-Cola’s bottling partners, is said to be investing $36.2 million in six new production lines, creating an estimated output of $246 million worth of soft drinks per year, while …
USA: Diageo to acquire Aviation American Gin owner Davos Brands
Diageo, the leading alcoholic drinks firm, has announced the acquisition of gin brand Aviation American Gin, and its owner Davos Brands, for $610 million. The acquisition also add brands such as Astral tequila, Sombra mezcal, and TYKU sake to the Diageo portfolio. The acquisition supports the participation of Diageo in the super premium gin sector in the United States in line with its strategy to acquire …
UK: Bestway Wholesale to sell 37 stores
Independent UK food and drink wholesaler Bestway has announced the sale of 37 outlets across the country, in line with its strategy of reducing its overall store footprint, according to a Kam City report. Dawood Pervez, managing director of Bestway Wholesale, said: “We remain committed to corporate stores and would still be operating c.140 stores further to 37 stores changing ownership. We do expect …
USA: Plumrose to build $200 million facility for Italian meat and charcuterie
Branded packaged meat company Plumrose, a subsidiary of JBS, has announced plans to invest $200 million to build a state-of-the-art Italian meat and charcuterie facility. Although the location of the new factory is yet to be revealed, it will reportedly be strategically located to efficiently access raw material and leverage synergies with existing corporate assets. Construction of the new facility – the company’s seventh …
USA: 7-Eleven to acquire convenience store chain Speedway for $21 billion
US retailer 7-Eleven has announced the acquisition of 3,900 Speedway stores from Marathon Petroleum Corp for $21 billion. Located in 35 states across the US, Speedway is one of the biggest convenience and petrol station retailers in the country, with approximately 40,000 employees. With the acquisition, 7-Eleven will increase its store network to 14,000 across the United States and Canada. Joe DePinto, president and …
US: Edgewell to Acquire Cremo company for US$235 million
Cosmetic giant Edgewell has announced the acquisition of Cremo, a Men’s grooming company for US$235 million. Founded in 2005, Cremo is one the fastest growing men’s grooming brands in the U.S., offering a full range of care products for the beard, skin, hair, and body. The transaction is part of the Edgewell strategy to acquire selective fast-growing and profitable brands such as Schick and …
Denmark: Hanegal to acquire plant-based meals company Fairdig
Danish food company Hanegal has announced the acquisition of Fairdig, a plant-based ready-meals producer for an undisclosed sum. Based in Ega, Denmark, Fairdig produces frozen ready-meals inspired in world cuisine flavours such as Indian, Italian, Mexican, and Moroccan. This acquisition follows Hanegal plan to have “85% of its products aligned with the plant-based category by 2030”. Cees Kuypers, co-owner of Hanegal, said: “The acquisition …
Spain: Pastas Gallo to acquire ready-meals company Ta-Tung
Spanish pasta manufacturer, Pastas Gallo, has announced the acquisition of Ta-Tung, a producer of Asian fresh ready-meals for an undisclosed sum. Founded in 1980, Ta-Tung produces ready-meals inspired by cookery from Asian countries such as Japan, India, China, Thailand, and Cambodia. As part of the internalization plan of the company, Ta-Tung has recently entered the Italian, French and Portuguese markets. The company, according to …
Spain: Acon to acquire preserved vegetables company Alsur
American private equity firm Acon has announced the acquisition of Alsur, a Spanish-based producer and distributor of preserved and canned vegetables. Founded by the Jimenez family in 1988, Alsur has production and packaging facilities in Spain, and Peru to serve the US market. The company has its own brand producing also private label products. According to sources, with this acquisition, Acon intends to “focus …
Italia: Aksia to acquire Valpizza stake
Italian private-equity firm Aksia has announced the acquisition of a majority stake at Valpizza, a local pizza maker for an undisclosed sum. Founded in 1992 in Valsamoggia, Valpizza is a producer of frozen pizza and pizza bases with a production facility of 7,400 sq ft. According to sources, the company had a turnover of €20 million last year, producing around 30 million items. Marco …
USA: TruFood to acquire Simply Natural Foods
Snack food manufacturer TruFood has announced the acquisition of Simply Natural Foods for an undisclosed sum. With 200 employees, Simply Natural Foods is a producer of nutrition and better-for-you products, such as chocolate, nutritional bars, and peanut butter cups. Pete Tsudis, CEO of TruFood, said: “The combination of TruFood and Simply Natural Foods allows us to leverage the success Simply Natural Foods has established …
Germany: Henkel to acquire majority stake in Invincible Brands
German household and personal care giant Henkel has announced the acquisition of 75% stake of Invincible Brands Holding for an undisclosed sum. Founded in 2015, Invincible Brands Holding is a platform of direct-to-consumer (D2C) beauty brands, distributed all across Europe. This deal will involve three major brands: HelloBody, Banana Beauty, and Mermaid+Me producers of premium beauty care products that support clean beauty and sustainability. …
UK: Gosh! Food to build £5 million facility
UK-based vegan producer Gosh! Food has announced its plans to invest £5 million to build its second production site in the country. The new 17,000 sq ft factory is expected to be opened in 2021 creating 25 new jobs. According to sources, the new site will allow the company to meet the current demand for plant-based food and expand its offering into new categories. …
USA: Beverage USA Holdings to acquire beverage company Nerd
Beverage USA Holdings has announced the acquisition of Nerd, a Texas-based mental acuity beverage company for an undisclosed sum. Founded in 2006, Nerd is a beverage producer focus on concentration, memory and energy drinks, made with nootropics and performance-boosting nutrients such as lpha-GPC, Huperzine-A, GABA, DMAE, and Ginkgo Biloba, to help mental acuity. Howard Davner, President of Beverage USA Holdings, said: “We knew Nerd …
Portugal: Danone to add Portuguese desserts flavours to its Oikos yoghurts
Food and drinks multinational Danone has announced the launch of a new Oikos yoghurt with Bola de Berlim (Custard Doughnut) flavour, a typical Portuguese summer pastry. Ludovic Reysset, CEO of Danone Portugal, said: “The yoghurt category suffered in Portugal because it is considered a snack and, as a general rule, it is more used at work, or on-the-go”. Three weeks ago, the company launched …
USA: Quintessential to acquire Accolade Wine’ brand portfolio
Family-owned wine importer Quintessential has announced the acquisition of US-produced wine portfolio of Accolade Wines for an undisclosed sum. With this deal, Quintessential will acquire the production, global sales, and marketing of four wine brands: Geyser Peak, Atlas Peak, Outlot and, XYZin. According to sources, this sale follows Accolade Wines’ strategy of “focus on building core international brands and markets”. Dennis Kreps, co-owner of …
UK: Euro Food Brands to acquire The Food Doctor brand
UK distributor of food and drink, Euro Food Brands, has announced the acquisition of The Food Doctor brand from William Jackson Food Group. The Food Doctor is a snack brand founded in 1999 which produces healthy foods such as bagels, wraps, pitta bread, and nut snacks, made of wholesome ingredients, according to sources. The new acquisition will be part of the Euro Food Brands’ …
Switzerland: Migros to partner InnovoPro to create chickpea protein yoghurt
Swiss retailer Migros has announced the launch of a new dairy-free yoghurt range made with chickpea protein from InnovoPro. InnovoPro is a food tech company based in Israel, which creates chickpea protein concentrates claiming to be the first company in the world to launch a 70% chickpea protein concentrate (CP Pro 70) being suitable for “wide range of applications, spanning the dairy alternatives, meat …
UK: Asda to launch 100% recyclable crisp tube
UK retailer Asda has announced the launch of a 100% recyclable crisp tube, moving its entire Snax brand range into cardboard packaging. With this new packaging, the company will be able to cut 98.2 tonnes of non-recyclable materials, the equivalent of 2.34 million crisp tubes. The retailer has the commitment to reduce own-brand plastic packaging by 15% by 2021 and reach 30% recycled content …
Canada: Maple Leaf Food to sell Quebec plant to Giannone Poultry
Canadian meat firm Maple Leaf Food has announced the sale of its poultry plant in Drummondville, Quebec to Giannone Poultry. Founded in 1989, Giannone Poultry is a family business specialising in poultry slaughtering and cutting. The company’s products are distributed in Canada and the United States. According to sources, Maple Leaf Food will continue to maintain its fresh chicken supply over the next three …
USA: HumanCo to acquire ice cream company Coconut Bliss
US holding company HumanCo has announced the acquisition of majority stake at Coconut Bliss, a plant-based ice cream producer for an undisclosed sum. Founded in 2005, Coconut Bliss is an Oregon-based company dedicated to manufacturing dairy-free, vegan and organic ice cream pints, bars and sandwiches. According to sources, both companies intend to grow Coconut Bliss into “a globally recognised brand”. Jason H. Karp, founder …
Spain: Noel Alimentaria to built a new facility
Spanish meat producer Noel Alimentaria has announced the investment of €25 million on a new producing facility in Olot, Girona. The new facility, which is scheduled to be finished by June 2021, will have an area of 15,000 square-metres, 200 new jobs providing a “great boost for fresh produce division”, cutting, packaging, and freezing pig meat. Noel Alimentaria commented: “Thanks to this action, the …
UK: Diageo to launch “first” 100% paper-based spirits bottle
Diageo, the leading alcoholic drinks firm, has announced the creation of what is says is the world’s first 100% plastic-free and paper-based spirits bottle, entirely made from “sustainably-sourced” wood pulp. Developed by packaging technology company Pulpex, the new bottle is said to be fully recyclable and “will allow brands to rethink their packaging designs, or move existing designs into paper, whilst not compromising on …
Estonia: Liviko to launch drinking and disinfectant vodka
Liviko, an Estonia-based distiller, has announced the launch of the dual-purpose vodka Travel Safe bio, a drinking vodka that can be used as a disinfectant. Founded in 1898, Liviko is a well-known exporter of brands such as Vana Tallinn Liqueur, Crafter’s London Dry Gin, and Crafter’s Aromatic Flower Gin. Made from 100% organic grains, this new vodka is sold in travel-friendly bottles of 100ml …
USA: Frito-Lay to invest $200 million on facility expansion
Frito-Lay, the snacking division of PepsiCo, has announced the investment of $200 million to expand its production facility in Perry, Georgia. With more than 1,000 employees, this production facility is the largest factory of the company operating in the US. According to the sources, the investment will add two production lines to the factory, creating 120 new jobs. A strategic space will be also …
USA: Tia Lupita to launch upcycled cactus tortillas
Tia Lupita, a Mexican food brand, has announced the launch of an upcycled tortilla, through a partnership with Renewal Mill, expanding its range of grain-free cactus tortillas. Based in California, Renewal Mill is a producer of organic okara flour, a grain-free flour extract from the leftovers of soya milk processing. With 45 calories, 6 grams of net carbs, and 2 grams of fibre per …
Switzerland: Nespresso to invest $170 million in production facility
Nespresso, an operating unit of the Nestle Group, has announced the investment of CHF 160 million (£135 million) to expand production centre in Romont, Switzerland. Opened in 2015, this facility is the main producer of Nespresso Vertuo capsules and machines, distributed worldwide. With this investment, the company will augment its capacity in 10 new production lines, creating 300 new jobs over the next 10 …
USA: Hershey to invest $135 million on manufacturing facility
Hershey, the US confectionery and snacks firm, has announced the investment of $135 million to expand its manufacturing facility in Augusta County, Virginia. With 30 years of operations, the facility currently employees more than 1,000 workers, being the second largest company’s plant in the US. According to sources, with the investment, the company will expand its facility by 90,000 square feet, creating 110 new …
UK: Vibrant Foods to acquire Cofresh Snack Foods
Food company Vibrant Foods has announced the acquisition of Cofresh Snack Foods, a UK-based producer of healthy Indian snacks for an undisclosed sum. Founded in 1974, Cofresh Snack Foods owns two main brands, Cofresh and, Eat Real, and according to sources, the company’s retail sales stood at around £75 million last year. This acquisition follows Vibrant Foods plan to “consolidate the apparent growing ethnic …
Canada: Nestle Waters to sell Pure Life bottled water business
Nestle Waters, a subsidiary of multinational giant Nestle, has announced the sale of its Canadian bottled water business Pure Life to Ice River Springs for an undisclosed sum. Ice River Springs is a Canadian family-owned private label bottled water manufacturer and producer of the Ice River Green brand. According to sources, this acquisition “fulfils a strategic ambition of Ice River Springs to expand the …
Disruption breeds disruption: the Covid-19 food and drink innovators
Covid-19 caused unprecedented disruption to the fast-moving consumer goods (FMCG) sector, and raised vital questions about the ability of the food and logistics systems to cope in moments of crisis. However resilience is not the only consideration that Covid-19 raises for the FMCG sector. Longer-term, firms will need to face up to a profoundly different consumer landscape – and be ready to adapt quickly …
Switzerland: Bell Food Group to sell two factories
Bell Food Group, the Swiss meat processor and convenience food specialist, has announced the sale of two production plants in France and Hungary. The production facility based in France, with 70 employees, will be sold to Isla Delice, a French halal meat supplier while the Hungarian charcuterie facility will be acquired by the retailer Spar Hungary. The transactions are part of the company strategy …
USA: Kashi to launch kids’ cereal made with superfood ingredients
Kellogg has announced the launch of Kashi by Kids Super Loops breakfast cereal in the United States. Super Loop cereals are made with superfood ingredients such as lentils, brown rice, berries, and cocoa, containing 140 calories and 4 grams of protein per serving. Available in two flavours, chocolate, and berry, both are certified USDA Organic and Non-GMO Project verified and made with colours from …
Sweden: Midsona to acquire nutritional brand Gainomax
Swedish leader in organic and health foods and self-care Midsona has announced the acquisition of the sports nutrition brand Gainomax from the dairy cooperative Norrmejerier, for SEK60 million (£5.2 million). Gainomax is one of the most-known sports nutrition brands of functional and exercise recovery products in Sweden with sales of approximately SEK80 million (£6.97 million) in 2019. Norrmejerier, a dairy cooperative owned by 422 …
China: Unilever to invest $112 million to expand ice cream factory
Unilever, the multinational consumer goods giant, has announced an investment of $112 million to expand its ice cream production facility in Taicang, China. Built in 1996 and expanded in 2003 and 2013, this new expansion will cover an area of 66,000 square metres including factory lines, warehouses, offices, and will produce 150,000 tones of ice cream per year. According to Unilever, this investment “marks …
India: Cargill to open its first production facility in Asia
Leading US multinational Cargill has announced the launch of its first production facility in Asia, partnering with a local manufacturer in western India. According to sources, the manufacturing facility will open in 2021, with an initial production of 10,000 tons of chocolate compounds, and a workforce of 100 jobs. This investment is part of the Cargill’s plan to “become the leading supplier and trusted …
USA: Faze Clan to acquire majority stake in meal replacement company CTRL
The eSports company Faze Clan has announced the acquisition of a majority stake in meal replacement CRTL, a start-up for an undisclosed sum. According to CTRL, the company produces a line of powdered meal replacements shakes containing proteins, carbohydrates, fibres, healthy fats, vitamins and minerals, and other elements to boost healthy digestion. Skyler Johnson, co-founder of CTRL, commented: “Faze Clan is the ultimate embodiment …
Italy: Nestle to sell water brand Nestle Vera to Acqua Vera Spa
Sanpellegrino Group, a Nestle subsidiary, has announced the sale of Nestle Vera water brand to Acqua Vera Spa for an undisclosed sum. Founded in 1979 and acquired by Nestle in 2005, Acqua Vera holds approximately 6% of the Italian bottled water share market, registering an annual turnover of €80 million last year, according to sources. In addition to the Nestle Vera brand, the deal …
Poland: Tesco to sell Polish operations for £181 million
British retailer Tesco has announced the sale of its business in Poland to Danish retailer Salling Group, for PLN 900 million (£181 million). This sale follows Tesco’s strategy of withdrawal some of its global positions, similar to the sale of its business in Thailand and Malaysia in March, to focus on its strongest markets. According to sources, the transaction will include the sale of …
Sweden: LiveKindly Co. to acquire the vegan brand Oumph
Brand collective LiveKindly Co. has announced the acquisition of the Swedish plant-based meat brand Oumph for an undisclosed sum. Founded in 2015 by Food for Progress company, Oumph is a brand of meatless products and meals with a strong emphasis on the climate impact. According to sources, this acquisition will allow LiveKindly to become “one of the world’s largest plant-based food companies at scale …
Norway: Orkla to sell Vestlandslefsa brand to Baxt Lierne
Orkla, the Scandinavian consumer goods giant, has announced the sale of Vestlandslefsa, its potato flatbread brand to Baxt Lierne a Norwegian bakery company subsidiary of Skagerrak-Holding AS. According to sources, this sale is part of Orkla’s plans to restructure its portfolio and focus on its pizza production at its factory in Stranda, Norway. In addition to the Vestlandslefsa brand, the deal includes recipes, production …
Netherlands: Upfield Group to invest €50 million on R&D
Upfield Group, the Netherlands-based manufacturer of plant margarines, spreads and cheeses, has announced its plans to invest €50 million on the creation of a new food science centre in the country. According to company’s press release, the investment is a commitment to the development of great-tasting food made from plants and sustainable packaging solutions. David Haines, CEO of Upfield Group, said: “The announcement today …
Switzerland: Nestle Health Science to acquire majority stake in Vital Proteins
Nestle Health Science has announced the acquisition of majority skate in Vital Proteins, a producer of supplements, vitamin, food, and beverage products. Founded in 2013, Vital Proteins brand portfolio’s includes Atrium Innovations, Garden of Life, Pure Encapsulations, and Persona, distributed across 35,000 retailers. Greg Behar, CEO of Nestle Health Science, said: “This is an exciting opportunity for Nestle Health Science to enter a growing …
Indonesia: Indofood CBP to acquire Pinehill Group for $3 billion
Indofood CBP, an Indonesian-based noodle company, has announced its plan to acquire Pinehill Group, an instant noodle producer for $3 billion. With a production of 10 billion packs in its 12 facilities, Pinehill Group sells instant noodles to countries like Serbia, Ghana, Morocco, Egypt, Turkey, Saudi Arabia, Kenya, and Nigeria. According to sources, Indofood CBP expects “to gain a strategic position in Pinehill’s markets, …
USA: Nestle to sell Buitoni brand in North America
Multinational food and drinks giant Nestle, has announced the sale of its pasta brand Buitoni to private equity firm Brynwood Partners for an undisclosed sum. The acquisition includes the rights of the brand to sell in the US, Canada, and Caribbean territories along with a 240,000 square foot processing facility located in Virginia. Henk Hartong III, chairman and CEO of Brynwood Partners, said: “We …
Egypt: PepsiCo to invest $100 million to expand its activities
US multinational food and beverage company PepsiCo, has announced its plans to invest $100 million in Egypt this year, to expand its activities in the country. This investment is part of a 4-year commitment to invest a total of $515 million in the Egyptian market. As part of the investment, the company will expand the production lines of two of its subsidiaries from the …
Spain: Puig to acquire majority stake in Charlotte Tilbury
Spanish-based perfume and fashion company Puig has announced the acquisition of a majority stake in makeup brand Charlotte Tilbury. Launched in 2013 by Charlotte Tilbury itself, the British-based brand creates and develops luxury makeup and skincare products. Charlotte will continue as chairman, president, and Chief Creative Officer of the company. According to the company press release, this acquisition “will add an established and rapidly …
US: Turkey Hill to acquire new ice cream facility
Turkey Hill, the US-based food and drink company, has announced the acquisition of an ice cream production facility in Arkansas from Yarnell Ice Cream, a subsidiary of Schulze & Burch Biscuit Company. Owned by an affiliate of Peak Rock Capital, Turkey Hill is a manufacturer of branded ice cream and refrigerated drinks in the United States. According to sources, the 100,000 square foot facility …
Australia: AB InBev to complete sale of Carlton & United Breweries for $11 billion
AB InBev, the giant brewer, has completed the sale of Carlton & United Breweries (CUB), its Australian subsidiary, to Asahi Group for approximately $11 billion. With this acquisition, Asahi Group will have the rights to commercialise AB InBev’s international brands in Australia. According to sources, the proceeds from this deal will be used to pay down AB InBev’s debt. Carlos Brito, CEO of AB …
Norway: Orkla to acquire PepsiCo’s Havrefras Brand
Orkla, the Scandinavian consumer goods giant, has announced the acquisition of Havrefras Brand, a breakfast cereal brand from PepsiCo, for an undisclosed sum. Created in 1959, Havrefras brand has been part of PepsiCo’s portfolio since the acquisition of The Quaker Oats Company in 2001. According to sources, this acquisition is in line with Orkla’s strategy of further developing a portfolio with a strong health …
Netherlands: Kennemervis Groep to acquire Bobeldijk Food Group
Kennemervis Groep, Netherlands-based fish processing company, has announced the acquisition of Bobeldijk Food Group, for an undisclosed sum. Based in Netherlands, Bobeldijk Food Group is a manufacturer of vegetarian and vegan products, owner of the plant-based meat alternatives brand Vegafit. According to sources, the acquisition will support the growth of Bobeldijk Food Group’s presence in the plant-based product market. Eugene Scholten, CEO of Kennemervis …
USA: SCB Global Java to acquire White Tale Coffee
SCB Global Java, a holding company specialised on investments in the coffee market, has announced the acquisition of White Tale Coffee, for an undisclosed sum. Based in Denver, Colorado, White Tale Coffee is a premium artisanal coffee brand, that supplies its products through an e-commerce subscription platform. This deal is the third investment by SCB Global Java, after the acquisitions of Caribbean Coffee Company …
Australia: Barry Callebaut Group to acquire GKC Foods
Cocoa processor Barry Callebaut Group has announced the acquisition of GKC Foods, a chocolate producer, for an undisclosed sum. Based in Melbourne, GKC Foods is a privately-owned B2B chocolate manufacturer, specialised in high-quality chocolate and chocolate related products. According to sources, this acquisition allows Barry Callebaut Group to establish a direct presence and manufacturing capacity in Australia, expanding its position on the Australian and …
UK: Carlsberg UK to form £780 million joint venture with Marston’s
Carlsberg, the Danish beer giant, has announced a 60:40 joint venture in the UK with Marston’s with a combined value of £780 million. With the deal Carlsberg will become the controlling shareholder owning a 60% stake in the joint venture. The new company, Carlsberg Marston’s Brewing Company will have a strong portfolio from both companies of international, national, and regional beers. Cees’t Hart, CEO …
China: Nestle to invest over $100 million to build new factory in China
Multinational food and drinks giant Nestle, has announced an investment of $103.58 million to build the first plant-based food facility in China. The investment will include the expansion of the existing pet food plant, an upgrade of the production line of confectionary business, the fist plant-based production facility in Asia and will also further develop its Tianjin Nestle Quality Assurance Centre. The company sees …
China: TCP Group to invest $149.3 million to expand presence in China
Thai enterprise TCP Group has announced its plans to invest ¥1.06 billion ($149.3 million) to expand its presence in the Chinese market, over the next three years. This investment intends to support its local partnerships, establish a new representative office, in-country team, and manufacture centers as well as support the launch of new Red Bull products and other products from the company’s portfolio. According …
India: Tata Consumer to acquire PepsiCo’s stake in NourishCo Beverages
Indian company, Tata Consumer has announced the acquisition of PepsiCo’s stake in NourishCo Beverages for an undisclosed sum. Created in 2010 by the two companies, NourishCo Beverages is a 50:50 joint venture, focused on the healthy hydration market in India. According to sources, this deal allows Tata Consumer to widen its portfolio in the food and beverages space as well as strengthen its position …
Spain: Dacsa Group to complete Dacsa Atlantic acquisition
Spanish company, Dacsa Group has completed the acquisition of the 100% company stake of Dacsa Atlantic, in which, had been 50% shareholder. Previously called Atlantic Meals, Dacsa Atlantic is one of the leading Portuguese companies on the rice and maize market, specialised on drying, storage, processing and commercialisation of these products for the food and brewery industry as well as, large distributions chains with …
USA: Harmoni to acquire Uncle Matt’s Organic Brand
Dean Foods, the food and beverages company, has announced the sale of Uncle Matt’s Organic Brand to Harmoni. Founded in 1999 by Matt McLean and sold in 2017 to Dean Foods, the juice brand Uncle Matt’s Organic is now being sold to a company created by its founder as well as a team of investors. “If you told me three years ago after selling …
USA: Coty to sell majority stake of hair care business for $4.3 billion
The global beauty company Coty has announced the sale of the majority stake of its Professional Beauty and Retail Hair Businesses for $4.3 billion to global investment firm KKR. Owner of brands such as Clairol, OPI, ghd, and Wella, Coty is one of the biggest beauty companies making cosmetics, skincare, fragrances, and hair colour products worldwide. According to sources, the deal will be crucial …
Spain: Costa Food Group to acquire stake in Aviserrano Group
Italian meat processor Costa Foods Group has acquired 50% stake of Aviserrano Group, entering the poultry sector. Based in Spain, Aviserrano Group is one of the national leading players of fresh and processed chicken and turkey meat with a turnover of €315 million and almost 1,800 employees. The Group is owned by several companies such as Avinatur, Jovi Serrano, Paviso Alimentacion, and Serrano Protein. …
Italy: Panapesca to acquire stake in Il Faro Quality Fish
Panapesca, an Italian seafood processor, has announced the acquisition of 65% stake of Italian ready-to-eat company Il Faro Quality Fish, for an undisclosed sum. According to sources, this deal is part of Panapesca’s industrial development plan, to enter on the ready-to-eat market segment and consolidate its presence in the northeast of Italy. Fabrizio Paesini, CEO of Panapesca, commented: “We had been focused for some …
US: Sauer Brands to acquire Chicago Custom Foods
US-based condiments manufacturer Sauer Brands has announced the acquisition of Chicago Custom Foods from private investment firm Highlander Partners for an undisclosed sum. Founded two decades ago, Chicago Custom Foods is a producer of branded seasonings whose portfolio includes Kernel Season and Tasty Shake. Jeff Partridge, Chicago Custom Foods chairman and a Highlander managing director said: “Jason and his team have done an exemplary …
USA: Philadelphia Macaroni to acquire A. Zerega’s Sons
US-based pasta company, Philadelphia Macaron, has announced the acquisition of A. Zerengas’s Sons, for an undisclosed sum. Having opened its first factory in 1848 by Antoine Zerega, A. Zerega’s Sons is a producer of dry pasta for the foodservice channels, industrial ingredient, and retail. With this deal, A. Zerega’s Sons will be wholly owned by Philadelphia Macaroni including the manufacture and distribution facilities in …
USA: Sonoma Brands to acquire Krave Pure Foods
Sonoma Brands, a California-based private equity investor has announced the acquisition of Krave Pure Foods brand from The Hershey Company for an undisclosed amount. Dedicated to the production of protein snacks, Krave Pure Foods portfolio includes Krave Meat Cuts, Krave Pork Rinds, and most recently, Krave Plant-Based Jerky. According to sources, the company expects to accelerate innovation at the company, through the acquisition. Hector …
China: Nestle to launch NesQino a line of personalised beverages
Multinational food and drinks giant Nestle has launched NesQino, a customisable functional beverage product on the market in China. NesQino offers a digitally connected Q-cup machine, a variety of superfood sachets, and three base sachets: smoothie, oat shake, and milkshake. Consumers can choose from 21 different flavour recipes, which are made from 100% natural ingredients such as fruit, vegetables, nuts and seeds, and probiotics. …
UK: Tenzing to launch natural energy drink with vegan BCAAs
Natural energy drink brand Tenzing, has launched a plant-based energy drink containing anti-oxidising berries and vegan BCAAs (branched-chain amino acids). The new Tenzing Blackberry & Acai obtains its vegan BCAAs from fermented corn by probiotic bacteria and claimed to contain caffeine, vitamin C, and electrolytes. Founder of Tenzing, Huib van Bockel, said: “Somehow people have come to believe that energy from nature is not …
UK: Nomo to launch nut-free Hazelnot chocolate bar
Kinnerton, a British-based chocolate confectionery, has announced the launch of a nut-free hazelnut flavour chocolate bar under the Nomo brand name. The “Hazelnot Crunch” chocolate bar is made, according to sources, using creamy chocolate, rice crispie pieces, cocoa nibs, and nut-free hazelnut flavour and it is free from egg, gluten, and dairy retailing at £2.00. Senior innovation and brand manager at Kinnerton Confectionery, Emma …
UK: Imperial Brands to sell Premium Cigar business for €1,225 million
Tobacco enterprise Imperial Brands has announced the sale of its worldwide premium cigar business to investment consortia of individual investors for €1,225 million. This deal will include the sale of hand-rolled Cuban cigars brands Cohiba and Montecristo, as well as 50% stake Cuba’s official exporter Habanos. According to sources, this disposal reinforces the company’s focus on simplifying its business, allowing the company to pay …
USA: Sealaska to acquire minority stake of Barnacle Foods
Sealaska has announced the acquisition of a minority stake in Barnacle Foods for an undisclosed sum. Based in Juneau, Alaska, Barnacle Foods claims to be the first manufacturer of food products such as salsas, hot sauces, pickles, jams, and jellies from bull kelp and other Alaska-grown, harvested and foraged ingredients. Sealaska President and CEO Anthony Mallott said: “Barnacle fits with who we are. Our …
USA: P&G to launch paper deodorant tube packaging
Leading household and personal care firm P&G has announced the launch of a plastic-free format for its deodorant brands Old Spice and Secret. According to sources, the paper tube packaging uses 90 percent recycled content and is certified by the FSC. The paperboard tube does not contain wax, plastics, BPA, or PFA and has an interior coating that is made from an FDA-approved fluorochemical …
Czech Republic: Kofola to acquire two Czech mineral water brands
Kofola, a Czech-based beverage company, has announced the acquisition of two mineral water brands, Karlovarska Korunní and Ondrasovka for an undisclosed sum. This deal happens after the approval of the Czech Office for the Protection of Competition. Both Karlovarska Korunni and Ondrasovka are mineral water brands with a rich history and tradition in the Czech Republic, and according to Kofola this acquisition will strengthen …
Brazil: Ultracheese to acquire Bufalo Dourado
Brazilian cheese manufacture Ultracheese, owned by the private equity fund Aqua Capital, has announced the acquisition of Bufalo Dourado for an undisclosed sum. Based in Sao Paulo, Bufalo Dourado is a producer of premium cheese and other dairy products made from buffalo milk. According to sources, this acquisition follows the plan of Ultracheese, to become one of the most diversified cheese makers in Brazil. …
China: Meiji to acquire 25% stake of AustAsia
The Singaporean agri-food company Japfa, has announced the sale of 25% stake of AustAsia Investment Holding to the Japan-based group Meiji, for US$ 254.4 million. Dedicated to the production of milk, yoghurt, ice cream and confectionery, Meiji business has been registered a steady expansion due to the growing demand for chilled milk and the rise of health-conscious consumers. AustAsia is a dairy farming business, …
UK: PepsiCo to launch Doritos Stax in a canister
PepsiCo, the global snacks and drinks giant, has announced the launch of Doritos Stax, in a triangular-shaped canister for its tortilla chip snack. The product will be available at the end of April, in three flavours – Ultimate Cheese, Sour Cream & Onion, and Mexican Chilli Salsa– with an RRP of £2.50 for 170g package. Commenting on the launch, PepsiCo’s marketing director for snacks …
USA: Kronos Foods to merge with Grecian Delight Foods
The American-based private equity firm Entrepreneurial Equity Partners (“e2p”) has announced the merge between Kronos Foods, one of its portfolio companies and Grecian Delight Foods for an undisclosed sum. Founded in 1974, Grecian Delight Foods is a manufacturer of Greek and Mediterranean inspired cuisine, producing authentic gyros and specialty meats, pitas and flatbreads, hummus and plant-based proteins, distributed across the US. Mark Burgett, e2p …
Saudi Arabia: Almarai to invest and expand its poultry plants
Saudi Arabian food and drink company Almarai, has announced its plans to expand its current poultry production and manufacturing facilities with an investment of 275 million riyals ($73.33 million). Based in Riyadh, Almarai produces bakery, juices, dairy and baby nutrition products that are distributed across the Middle East and Africa, through retailers and foodservice channels. According to sources, the company’s board of directors also …
UK: Futura Foods to open a new plant in Wales
Futura Foods, the UK-based dairy company, has announced the opening of a new cheese cutting and packaging factory in Minffordd, Wales. The new 5,574 sq metre factory acquired in October 2019, will have the capability to produce 20,000 tons of cheese per year, creating 22 jobs and increasing the company’s operations. Hans Christiansen, managing director of Futura Foods, said: “I am immensely proud of …
UK: Napolina to launch first ready-to-eat canned quinoa
Napolina, the Italian cooking brand, has announced the launch of its drained canned quinoa, “the first of its kind on the UK market.” This product comes along with a new range of pulses, including chickpeas, red kidney beans, and cannellini beans, all of them available in 150g cans and vacuum packed to ensure there is no liquid to drain. Neil Brownbill, commercial director of …
India: Unilever to complete merge with GSK Consumer Healthcare
Unilever, the Anglo-Dutch consumer goods giant, has announced the completion of the merge between GSK Consumer Healthcare (GSK India) and its Indian Affiliate, Hindustan Unilever Limited (HUL). The deal, previously announced in December 2018, was subject to legal and regulatory approvals, which are now secured. In addition to this merge, HUL will acquire the Horlicks Brand in India to GSK for $404.59 million. Brian …
UK: Nurture Brands to acquire The Primal Pantry
Nurture Brands, a UK-based food company, has announced the acquisition of the healthy snack bar brand The Primal Pantry, for an undisclosed sum. Founded in 2019 following the merge between Ape and Emily, Nurture Brands is a plant-based snacking and beverage group. According to sources, the acquisition of The Primal Pantry is part of Nurture Brand’s plan to become the UK’s fastest-growing plant-based snacking …
USA: Lidl to open new headquarters and Distribution Centre in Maryland
German discount retailer Lidl, has announced the opening of the new regional headquarters and distribution centre in Cecil, Maryland with a cost of $100 million. With 700,000 square-foot, the facility will create 200 new full-time jobs and it will supply Lidl stores in 5 states. CEO of Lidl US, Johannes Fieber said, “The facility will allow us to efficiently deliver our award-winning products to …
USA: Private-equity firm Grays Peak Capital to acquire Nosh Foods
Grays Peak Capital, a private-equity firm, has announced the acquisition of Nosh Foods, a US-based organic baby food manufacturer for an undisclosed sum. Founded in 2016, Nosh Foods is a Los Angeles based producer of easy-to-eat and organic baby and toddler food. Jason Becker, CEO of Nosh Foods, said: “We expect this transaction to accelerate our expansion of Nosh Foods in North America and …
Germany: Pernod Ricard to became exclusive owner of Monkey 47
Pernod Ricard, the French producer of wines and spirits, has announced the acquisition of the remaining stake of the German gin brand Monkey 47 for an undisclosed sum. The deal was concluded after Pernod acquired a majority stake in the brand in 2016. Created in 2008 by The Black Forest Distillers, Monkey 47 is a gin produced with 47 plant ingredients such as spruce tips, …
USA: DFA’s initial plans to acquire Dean Foods called off
Dairy Farmers of America (DFA) has announced that the previously-announced $425 million deal to purchase the Dean Foods business and assets will not go forward.. Dean Foods, the troubled US dairy company, has filed for bankruptcy back in November, after financial difficulties. Subsequently, DFA proposed a deal to acquire 44 facilities and a substantial portion of its inventory, equipment and other assets. DFA executive vice …
Australia: Coles to acquire ready meals producer Jewel Fine Foods
Coles, the leading Australian retailer, has announced the acquisition of Jewel Fine Foods, following approval from the Australian Competition and Consumer Commission (ACCC). Based in New South Wales, Australia, Jewel Fine Foods started in 1997 as a restaurant. Today, it is one of the largest manufacturers of chilled meals in Australia, supplying private and branded label products to Aldi, Costco, Woolworths, and Metcash. After …
Italy: Newlat in talks to buy Centrale del Latte d’Italia
Italian food group Newlat has announced that it intends to buy a majority stake in Centrale del Latte d’Italia, an Italian-based dairy group. With revenue of €180 million ($ 193 million) last year, Centrale del Latte d’Italia is a producer of milk, yogurt, cream and cheese as well as fresh vegetables, pasta, cured meats, and desserts. Besides Europe, the company exports to China, Hong Kong, …
Canada: Mondias Natural Products to acquire Erablier
Mondias Natural Products, a Canadian-based company specialised in natural health products, has announced the acquisition of Erablier for an enterprise value of C$1 million ($690,000). Based in Quebec, Canada, Erablier is a producer of organic maple water, obtained from sugar extracted from maple tree sap. According to Mondias Natural Products, the acquisition will expand its portfolio and further deliver on its vision to offer …
France: Casino Group to sell Leader Price assets to Aldi
French-based retailer Casino Group has announced the agreement to sell 567 Leader Price stores and 3 warehouses to Aldi in France for an enterprise value of €735 million ($787 million). The sale is said to be in line with Casino Group’s strategy to reduce debt and improve its financial situation, reportedly amid fierce competition between French domestic retailers. According to the company, the agreement …
USA: Myprotein to launch first clear vegan protein shake
Myprotein, UK-based sports nutrition brand, developed a clear plant-based protein shake that will be introduced on the US market, to meet the increased demand for vegan products. According to the manufacturer, the powdered protein shake is sweetened with stevia and monk fruit extracts, being sugar and fat free, and it is available in two flavours: Coconut & Mango and Pear & Ginger. Containing 10 …
UK: PZ Cussons announces sale of Luksja, plans to sell Nutricima
PZ Cussons, a leading consumer products group, has announced the sale of its Polish care brand Luksja and its plans to sell its Nigerian dairy business Nutricima. The Greek personal care company, Sarantis Group, was the buyer of Luksja. The group will also distribute some PZ Cussons brands in Central and Eastern Europe. Nutricima is planned to be sold to an affiliate of Royal …
USA: Puration to acquire Hemp4mula CBD Confections
Puration, the US-based CBD infused products company, has announced the acquisition of Kaly’s Hemp4mula CBD Confections business for an undisclosed sum. Focused on the development of a CBD formulation that can treat symptoms associated with chronic obstructive pulmonary disease and other similar respiratory conditions, Kaly is said to have patented a CBD extract that provides anti-inflammatory responses in vitro. Hemp4mula CBD Confections is an …
France: Bel Group to acquire All in Foods
Bel Group, the multinational cheese firm, has announced the acquisition of the French start-up All In Foods for an undisclosed sum. Founded in 2013, All in Food is a family business which develops and produces plant-based cheese and sauce alternatives and is the owner of Nature & Moi brand. According to Bel Group, this acquisition is in line with its strategy to expand the …
Spain: Mercadona to invest €1.8 billion in 2020
Mercadona, the Spain-based supermarket chain, has announced its intention to invest €1.8 billion in 2020 on a “transformation plan”. The plan will mainly consist of opening new 69 stores in Spain and 10 in Portugal. Similarly, Mercadona will renovate 160 supermarkets, install ready-to-eat food counters in 460 stores, build new logistics facilities and continue to develop its “global fresh” project. With a supermarket network …
USA: PepsiCo to acquire Rockstar Energy Beverages
PepsiCo, the US based drinks and snacks giant, has announced the acquisition of Rockstar Energy Beverages for $3.85 billion. Founded in 2001, Rockstar Energy Beveragesproduces beverages that are designed for those who lead active lifestyles, offering over 30 flavours at convenience and grocery stores in more than 30 countries. Through the deal, PepsiCo is aiming to cement its presence in the fast-growing drink energy …
UK: Toast Ale and Warburtons launch “beer made with crumpets”
Toast Ale, a UK-based brewing company, has announced the launch what is said to be the first beer created from leftover crumpets, the result of a partnership with bakery company Warburtons. Warburtons, described as a family business run by the fifth generation of the Warburton family, bakes millions of crumpets a year. The idea behind the launch, using surplus crumpets, is to give a …
UK: Tesco to sell its Thai and Malaysian operations
Tesco, the UK-based multinational supermarket chain, has announced its intention to sell its business in Malaysia and Thailand to a conglomerate of Charoen Pokphand Group entities, in a deal valued at $10.6 billion. According to sources, the decision has been taken to simplify the Tesco group, enabling a stronger focus on its retail business in the UK, Ireland and Central Europe where the supermarket …
Russia: VkusVill to open first store in the Netherlands
VkusVill, a Russian-based supermarket chain, is planning to expand and open a store in the Netherlands in the coming weeks, according to a Reuters report. Having started one decade ago selling fresh dairy products from local producers, the company positions itself as a neighbourhood distributor of affordable fresh food through supermarkets and self-checkout micro markets. VkusVill, which can be translated to “Taste Town”, is …
Australia: Fonterra to sell Dennington milk plant to ProviCo
ProviCo, an Australian-based animal nutrition company, has announced the acquisition of the Dennington milk processing plant to Fonterra Australia. Described as one of the leading companies in animal nutrition in the country, ProviCo is a manufacturer of feed and vitamin fortified products for farm animals. According to sources, since the announcement of the factory closure back in May, Fonterra has been looking for a …
UAE: Carrefour launches mobile “grocery bus” in Dubai
Carrefour, the global retail giant, has announced Mobimart, said to be the first mobile “grocery bus” in Dubai, via its partnership with UAE-based conglomerate Majid Al Futtaim. Developed by the UAE-based startup Bespoke Trailers, Mobimart is designed to bring shopping to “underserved” communities, offering fresh food and daily groceries six days a week. The bus will visit various residential areas in Dubai with designated …
Japan: Megmilk Snow Brand launches anti-allergy yoghurt drink
Megmilk Snow Brand, a Japan-based dairy company, has launched what is said to be the first yoghurt drink that can reduce nose and eye discomfort due to allergies. Launched under the name of Nyu-San-Kin Helve, the yoghurt drink is said to have a lactic acid bacterium present on its formula named L.helveticus SBT2171, which was demonstrated to reduce allergy symptoms. According to the company, each …
USA: Mondelez International to acquire Give & Go
Mondelez International, the snack and confectionery multinational, has announced an agreement to acquire a majority interest in Give & Go, a US-based in-store bakery company. Give & Go, which owns the brands Two-bite and Create-A-Treat, produces fully finished sweet baked goods that are sold across North America. The firm is said to have a leading position in brownies, cupcakes, pastries and muffins, and reported …
USA: Brothers Desserts to acquire Schoep’s Ice Cream
Brothers Desserts, a US company behind brands such as Natural Choice, Absolute Fruit Sorbet and Brothers Ice Cream, has announced the acquisition of Schoep’s Ice Cream, a family owned ice cream company, for an undisclosed sum. Founded in 1928 , Schoep’s Ice Cream started on the back of a Wisconsin grocery store. Today, the company produces over than 12 million gallons of ice cream …
UK: Danone to acquire a majority stake in Harrogate Water
Danone, the food and drinks multinational, has announced the acquisition of a majority stake in Harrogate Water, a UK-based bottled water company, for an undisclosed sum. Owned by the Cain family, Harrogate Water has a history dating back to 1740 s and abstracts water from an underground aquifer below the Harrogate Pinewoods. The company reported turnover of £21.6 million ($27.8 million) for the year …
China: PepsiCo acquires snack brand Be & Cheery
PepsiCo, the US multinational food and beverage maker, has announced the acquisition of snack brand Be & Cheery from the Chinese company Haoxiangni Health Food for $705 million. Founded in 2003 and headquartered in Hangzhou, Be & Cheery is one of the largest online snacks companies in China and reported revenues of approximately 5 billion RMB ($710 million) in 2019. It is said to …
USA: B&G Foods Acquires Farmwise
B&G Foods, the US company behind brands such as Back to Nature, Green Giant and Cream of Wheat, has announced the acquisition of Farmwise, a Massachusetts-based producer of vegan and plant-based products, for an undisclosed sum. Founded by a husband and wife team, Farmwise makes vegetable-enhanced versions of traditional frozen potato products and vegetable-based alternatives to chicken nuggets, as well as vegetarian appetisers. Retailed …
USA: Kind launches nut-based range in major NPD push
Kind, the snack firm in which Mars has a minority interest, has announced a major NPD push that will take the company into the chilled and frozen space, as well as expanding its range of ambient snacks. Describing the product roll-out as “its biggest innovation expansion ever”, Kind said all the new items would be made with a “nutrient-dense” food as their primary ingredient. In the …
UK: Lucozade Ribena Suntory inaugurates new bottling line
Lucozade Ribena Suntory, the UK subsidiary of Japanese food and drinks giant Suntory, has inaugurated a new £13 million ($16.9 million) production line at the firm’s factory in Coleford, Gloucestershire. The new high-speed line fills 55,000 bottles an hour, enabling Lucozade Ribena Suntory to keep up with the demand for its expanding range of low-sugar drinks, the company said. It also uses heat and pressurised …
UAE: Agthia launches ‘Middle East first’ bioplastic bottle
Agthia, the leading Middle East food and beverage firm, has unveiled what is said to be the region’s first drinks bottle made from bioplastic. The new Plant Bottle for Agthia’s flagship Al Ain mineral water brand is described as being made from fermented sugars that are converted into a resin called polylactic acid. The pack is claimed to be able to withstand high summer temperatures …
USA: Hormel to expand manufacturing operations to Nebraska
Hormel, the leading US food manufacturer, is expanding its manufacturing operations to Nebraska with the opening of a new factory in Omaha, according to a Food Business News report. The building, said to be a former distribution centre for the now defunct Shopko retail chain, is set to undergo $60 million of renovations with a view to opening in November of this year. The …
UAE: Lulu to expand hypermarket footprint
Lulu, the Middle East grocery retailer, has announced its intention to add 20 new hypermarkets to its store network over the next two years, according to a report in Arabian business. The new stores will reportedly be spread across Abu Dhabi, Dubai and Sharjah, including in Khalifa City, Al Falah, and Riyadh City in Abu Dhabi, Silicon Oasis and Dubai South Mall in Dubai, and …
Germany: DMK to sell ice cream plant to Schwarz Gruppe
DMK, the leading Germany dairy cooperative, has announced plans to sell its ice cream plant in Waldfeucht-Haaren, North Rhine-Westphalia to retail giant Schwarz Gruppe, which operates the Lidl and Kaufland businesses, for an undisclosed sum. Describing the move as being part of plans to “streamline its production network in the ice cream business unit”, DMK said the transfer of the factory ownership, together with …
USA: The Good Bean acquires Beanitos
The Good Bean, a California, US based maker of organic chickpea snacks, has acquired rival snack firm Beanitos, according to a report in NOSH.com The terms of the deal, which were not wholly disclosed, will reportly seen Good Bean take over Beanitos assets, including its products, recipes, branding and retailer relationships, without assuming any responsibility for the company’s debt. Beanitos’ existing investors are also reported to …
UK: Unilever considering disposal of tea assets
Unilever, the FMCG multinational, is considering the sale of its tea division in light of declining sales. Speaking during a conference call to announce the firm’s Q4 results, Unilever CEO Alan Jope described the firm’s tea business, which includes the PG Tips and Lipton brands, as being “more mature […], consolidated […] and structurally slower growing”, and said the future of the business would now be …
USA: Tyson Foods to expand sandwich plant
Tyson Foods, the US firm predominantly active in the meat sector, is said to be investing $27 million to increase capacity at a factory in Caseyville, IL, USA that makes processed foods. The investment will see 100 new jobs created and three new production lines added, enabling Tyson Foods to increase capacity by 16 million pounds (around 7,250 tonnes) per year. The Landshire Sandwiches plant …
UK: Unilever mulls future of washing powder factory
Unilever, the multinational consumer goods giant, has announced it is undertaking a review of its washing powder factory in Warrington, UK in light of falling sales of powder detergents. The future of the plant, which manufactures Persil and Surf laundry powder and employs 123 staff, will be decided by the end of February, Unilever said. “Unilever has made considerable efforts to address the site’s challenges …
USA: Keurig Dr Pepper acquires energy drink brand Limitless
Keurig Dr Pepper, the soft drinks and coffee firm, has acquired the caffeinated sparkling water brand Limitless for an undisclosed sum, according to a BevNET report. Founded in Chicago in 2016, Limitless produces calorie-free, sparkling water containing 35mg of caffeine per 12oz can. Reportedly inspired by “a passion for finding the cleanest caffeine possible”, the line comes in a choice of Watermelon, Ginger Mint, Cucumber …
Low salt trending in snacks
Insight by Gama Compass MANCHESTER – 30th January 2020: Snack manufacturers around the world are beginning to respond to heightened concern over salt (sodium) content in packaged retail foods by cutting back on the amount of salt they use across a range of savoury snack launches, the latest insight from Gama Compass can reveal. Nonetheless, the data also shows a significant regional disparity in the average …
Australia: Schwarz Group abandons plan to open Kaufland stores
Schwarz Group, the retail giant behind the Lidl and Kaufland store chains, has announced it is abandoning plans, first reported in 2016, to open Kaufland stores in Australia. “After careful and thorough consideration, Kaufland has decided to undertake an orderly withdrawal from the Australian market”, Kaufland said in a statement, adding that it would be “concentrating its business on its European core markets in …
Mexico: Nestle to invest $700 million in manufacturing plants
The Mexican arm of food and drink multinational Nestle has announced plans to invest $700 million to upgrade its 17 manufacturing plants to increase productivity, improve processes and expand production capacity. The investment includes $200 million, announced in November last year, for the first phase of a new coffee factory in Veracruz, which will process 20,000 tons of coffee per year from Mexican coffee growers, and which is …
USA: Lindt & Sprungli to close Russell Stover manufacturing plant
Chocolate giant Lindt & Sprungli is to close a manufacturing plant operated by its subsidiary Russell Stover in Montrose, CO, with the loss of up to 400 jobs. The move is said to form part of changes to the company’s production, retail and distribution networks, which will also see the expansion of plants in Corsicana, TX as well as Abilene and Iola, KS where around …
France: Coca-Cola announces €1 billion of investments
Coca-Cola, the global soft drinks giant, has announced plans to invest up to €1 billion ($1.1 billion) in France over the next five years in support of “sustainable development” and a broadening of its product portfolio. The firm said that, together with Coca-Cola European Partners (CCEP), its primary French bottling partner, it planned to make a significant investment into innovation and the introduction of new …
USA: Quinoa Corporation acquires Pamela’s
Quinoa Corporation, a business trading as Ancient Harvest, has acquired US gluten-free peer Pamela’s, according to a statement from the former’s private equity investor Encore Consumer Capital. The deal, described as combining “two heritage gluten-free pioneers”, “more than doubles the business under Quinoa Corporation’s management, strengthens its ability to expand its retail footprint, and combines the gluten-free formulation expertise and supplier networks of both brands …
Look Ahead: Anne Schumacher, ISM 2020
Gama spoke to Anne Schumacher, Vice President Food & Food Technology of Koelnmesse GmbH, ahead of the 50th anniversary edition of ISM. What are your expectations for this 50th edition of ISM? Of course, we are looking forward to a great event. ISM is again very well positioned this year. With more than 1,750 exhibitors from 76 countries, we were able to increase the number …
Finland: Fazer to close Yosa oat factory
Fazer, the Finnish dairy and confectionery firm, is considering closing a production facility for its Yosa brand of oat-based products, according to a FoodBev report. The plant in Kaarina, south-west Finland, is reportedly being shut as part of an efficiency drive, with production moving to another manufacturing site in the town of Koria. While noting that non-dairy oat-based products were playing a “key role” …
USA: Golden Island Jerky factory to close following sale to Jack Links
A factory in Rancho Cucamonga, CA, USA that manufactured products under the Golden Island Jerky brand is set to close following the sale of the company to meat snacks firm Jack Links, according to a report in the Orange County Register. The decision to close the factory was announced in December, and Jack Links has now confirmed it intends to absorb production of Golden Island Jerky …
UK: Asda to trial refill stations at “sustainability store”
‘Big Four’ UK supermarket chain Asda has announced plans to address the challenge of reducing plastic waste by opening a “test and learn sustainability store” in Leeds that will allow consumers to bring in their own containers and refill with a variety of dried goods. Launching in May, the store will use dedicated refill stations to allow consumers to make packaging-free purchases of Asda own-brand …
Look Ahead: Mark Napier, Gulfood 2020
Gama spoke to Mark Napier, Show Director, Gulfood, ahead of the landmark 25th edition of the Middle East tradeshow. What are your expectations for this edition of Gulfood? We anticipate this edition – which marks the 25th anniversary of Gulfood – being a hotbed of innovation reflecting the trends within an industry where demographic shifts such as urbanisation, migration, and the rise of …
USA: Hershey to launch plant-based Krave jerky
Hershey, the US confectionery and snacks firm, has announced it is moving Krave, the meat jerky firm it acquired in 2015, into the vegan foods space with the launch of Krave Plant-Based Jerky. Said to features a taste and texture similar to that of Krave Gourmet Meat Cuts, Krave Plant-Based Jerky is described as being made from peas and fava beans “for an eating experience …
USA: Molson Coors to close California brewery
Molson Coors, the North American brewer, has announced it is planning to close its factory in Irwindale, CA, with production scheduled to cease by September. The firm said the move followed its recently-announced plans “to revitalize and restructure the business to get back on track”. Molson Coors added that it had entered into an agreement with rival brewer Pabst, giving them an option to purchase the facility for around …
Brazil: Danone to shut two bottled water plants
Danone, the global dairy and beverages business, is shutting two plants in Brazil that produce bottled mineral water, according to a report in NewTrade. The production sites, which are located in Jundiai (Sao Paulo state) and Nova Iguacu (Rio de Janeiro state) produce bottled water for Bonafont, a major Latin American water brand that has a leading position on the Mexican market. Over 200 jobs are …
USA: Diageo makes minority investment in spirit alternative Ritual
Diageo, the leading alcholic drinks firm, has announced it has made a minority investment in the spirit alternative business Ritual via its accelerator arm Distill Ventures. The investment marks a futher foray by Diageo into alcohol-free spirits, following its previous acquisition of a majority stake in Seedlip, described as the world’s first distilled non-alcoholic spirit brand. Designed for use in cocktails, Ritual products use botanicals …
USA: Bimbo acquires Lender’s Bagels business
Bimbo, the Mexican bakery giant, has acquired the Lender’s Bagels business from US food firm Conagra Brands via its subsidiary Bimbo Bakeries USA. Announcing the divestment in a press release, Conagra Brands said the transaction included the Lender’s brand and related intellectual property, as well as a production facility in Mattoon, IL, and inventory. Founded in 1927, Lender’s Bagels offers refrigerated bagels in Blueberry, Cinnamon …
Gama extends partnership with Gulfood as Exclusive Innovation & Insights Partner 2020
DUBAI – 9th January 2020: Gama, a global provider of business information and services specializing in innovation and international trade, can today announce that it has signed an agreement to be the Exclusive Innovation and Insights Partner to Gulfood 2020, hosted by the Dubai World Trade Centre. The partnership will further Gama’s ability to support food and beverage manufacturers to achieve their innovation and internationalisation goals …
USA: PepsiCo to take stake in Ethiopian crisps firm Senselet
PepsiCo, the US-based snack foods firm, has taken a significant stake in the Ethiopian crisp firm Senselet. Veris Investments, the private equity fund which founded Senselet in 2015, said it would continue to maintain a minority interest in the firm and would partner with PepsiCo to further grow the business and develop potato sourcing programmes in Ethiopia. Distributed in Addis Ababa and other large …
Netherlands: Riedel acquires juice and snack maker Healthy People
Riedel, the leader in the Netherlands for fruit drinks, is acquiring Healthy People, a local juice and snack maker, for an undisclosed sum, according to a Levensmiddelenkrant report. Founded in 2006, Healthy People is described as being the first company in the Netherlands to introduce a “superfruit” pomegranate juice. Its other products include fruit juices, coconut water, kefir, drinks for infants, smoothies, and dried fruit …
USA: Coca-Cola takes full control of Fairlife JV
Coca-Cola, the soft drinks giant, has announced it has taken full control of the Fairlife dairy brand after agreeing a deal for the remaining 57.5% stake in the business from its joint venture partner Select Milk Producers. Fairlife came to prominence in 2014, when Coca-Cola announced it was entering the dairy sector with a new premium brand of ultra-filtered milk. Outlining the rationale for the move, Coca-Cola claimed …
Brazil: Quimica Amparo to construct new factory
Quimica Amparo, the household goods firm behind the Ype brand, has announced plans to construct a new factory and distribution centre in Pernambuco in a bid to bolster its presence in Brazil’s North East region, according to a report in New Trade. The new plant will start by manufacturing the firm’s line of liquid detergents, but will ultimately be able to produce the entire …
USA: Utz Quality Foods announces Kitchen Cooked acquisition
Utz Quality Foods (Utz), the US snack firm, has announced it has acquired Illinois-based crisp maker Kitchen Cooked for an undisclosed sum. Headquartered in Farmington, IL, Kitchen Cooked is described as a leading manufacturer and distributor of snack foods serving central Illinois and eastern Iowa. Starting in the 1930s by manufacturing crisps, Kitchen Cooked has more recently expanded its product line to include extruded snacks, popcorn, …
Brazil: Bunge sells margarine and mayonnaise assets to JBS
Bunge, the leading agri-commodities business, has announced it has reached a deal to sell its margarine and mayonnaise assets in Brazil to JBS subsidiary Seara Alimentos, which primarily markets meat products, in a deal worth around R$700 million ($174 million). The transaction includes three production plants in Gaspar (SC), Sao Paulo (SP) and Suape (PE), as well as the retail brands Delicia and Primor, and the foodservice …
Gama News – October – December 2019
The October – December 2019 edition of Gama News is now available. In this edition: o Insight By Gama Compass: Low salt trending in snacks o Industry Insight: Jacek Plewa, Global Food Industries o Gama Innovation Conference & Awards 2019 o Tradeshow Insight: SIAL Middle East 2019 o Innovation Insight: Nestle Box Bowls Cereal o Look Ahead: ISM 2020 o Look Ahead: Gulfood 2020 CLICK HERE to read it now.
Netherlands: JDE and Peet’s Coffee to merge, explore IPO
Jacob’s Douwe Egberts, the leading coffee firm (formed from the merger of the Mondelez International and D.E Master Blenders 1753 businesses in 2014), and US speciality coffee firm Peet’s Coffee, are to be merged ahead of a potential IPO of the combined business in 2020. The exploration of an IPO is said to be a key milestone in the partnership between Acorn Holdings (which includes …
Switzerland: Nestle to sell majority stake in Herta, set up JV
Multinational food and drinks giant Nestle has announced it is to sell a 60% stake in its Herta division to Casa Taradellas, an Italian meat and pizza firm, in a move that will see the two firms establish a new joint venture. The deal includes Herta charcuterie available in six European countries, as well as the Herta dough business in France and Belgium. Nestle said it …
UK: Innis & Gunn announces new brewery
Innis & Gunn, the Scotland-based beermaker, has unveiled plans to build a new brewery at Heriot-Watt University’s Research Park, west of Edinburgh, UK at a cost of around £20 million ($26 million). Described as the first major brewery to be built in Edinburgh for 150 years, the new plant is also claimed to be the UK’s first major collaboration between a full-scale brewery and a …
Gama Innovation Conference & Awards to celebrate fifth edition in 2020
MANCHESTER – 20th December 2019: Gama, a global provider of business information and services specializing in product innovation and international trade, is today pleased to announce that the Gama Innovation Conference & Awards will return to Manchester on 29th October 2020 to celebrate the fifth anniversary of the leading consumer goods showcase. Sharing ideas, cementing new partnerships Tom Bell (Skinny Brands), Ian Wright CBE, Nicola …
Tradeshow Insight: SIAL Middle East 2019
Hailed as its biggest edition yet, SIAL Middle East returned to the Abu Dhabi Business Centre, United Arab Emirates (UAE) earlier this month to celebrate its 10th anniversary. Once again, halls were packed with a diverse array of food and drinks products from all around the world, giving an indication of the new tastes and concepts set to land on grocery shelves and restaurant menus in …
USA: Nuova Castelli to close cheese plant
Nuova Castelli, the Italian cheese maker soon to be owned by Lactalis, is closing its lone manufacturing facility in the USA, according to a Just Food report. Closure of the facility, which is located in Blockville, NY, could lead to up to 67 job losses, US media outlets say. The company has only been operating the factory, which was previously the Empire Specialty Cheese manufacturing …
Germany: Danone invests in Ochsenfurt factory
Danone, the food and drinks multinational, has announced it is investing “tens of millions” of euros to upgrade its dairy processing plant in Ochsenfurt, Germany, in order to expand production and improve efficiencies. The investment is primarily geared towards allowing the plant to manufacture ambient dairy products and also plant-based foods, alongside its existing yoghurt and dairy dessert production lines for brands such as Activia …
Jacek Plewa, General Manager,
Global Food Industries
Gama spoke to Jacek Plewa, General Manager, Global Food Industries. What overarching trends do you expect to shape frozen food innovation in 2020 and beyond? “The major, game changing development for frozen (and chilled) categories is growth in plant-based protein products, which is going to be exponential and is en-route to taking plant-based products mainstream, evolving from a niche protein to a major centre-of-plate …
USA: Froneri to acquire Nestle USA’s ice cream division
Froneri, the UK-based ice cream firm, has announced it is expanding into North America with the acquisition of the Nestle USA ice cream business for $4 billion. The deal would move Froneri “towards global leadership” in the ice cream category, the company said. The Nestle US ice cream brand portfolio includes Dreyer’s, Haagen-Daaz, Outshine, Skinny Cow, Edy’s, and Drumstick, in addition to the Nestle …
Cereal boxes evolve to address need for speed
The latest innovation insight from Gama Compass MANCHESTER – 12th December 2019: Highlighting continued interest in on-the-go breakfast options, this month’s Innovation Insight looks at a new packaging concept aiming to bring the traditional breakfast cereal format in line with prevailing consumer trends – Nestle Box Bowls Cereal. Essentially a reinvention of single-serve breakfast cereal multipacks, Nestle Box Bowls are an attempt to reinvigorate traditional …
India: Varun Beverages expands capacity in Zimbabwe
Varun Beverages, the Indian soft drinks firm, is expanding production capacity in Africa with the inauguration of the second phase of its bottling plant in the Zimbabwean capital Harare, according to a report in Food Businesss Africa. The expanded plant, a franchise bottling operation for PepsiCo, now features three further production lines, in addition to the first PET line opened in 2018. Commenting on the investment, Varun …
Australia: Carlton & United Breweries to acquire Balter Brewing
AB InBev subsidiary Carlton & United Breweries has announced the acquisition of Balter Brewing, a craft brewer based in Gold Coast, Australia, for an undisclosed sum. Balter Brewing, which brews a range of pale ales and lagers, is said to have witnessed strong growth since launching in 2016. The company said the the deal would help it achieve its sustainability goals, as well as allowing it to …
USA: Kroger sells stake in Lucky’s Market
Kroger, the leading US grocery retailer, has announced it has divested its stake in Lucky’s Market, a Colorado-based chain of food stores specializing in organic products. The disposal comes less than four years after the two firms announced a “strategic partnership”, with Kroger making a “meaningful investment” that was designed to increase Lucky’s Market’s store footprint. The sale of the stake reportedly resulted in Kroger …
USA: General Mills expands Oui By Yoplait into dairy-free, desserts
General Mills, the US food and drinks firm, is expanding its Oui By Yoplait yoghurt line with the introduction of a new coconut-based range, and a line of more indulgent desserts. Oui Dairy Free Coconut Dairy Alternative is described as being made with a coconut base and paired with flavours such as vanilla, strawberry, mango, and raspberry “to deliver a creamy and indulgent taste experience”. …
Italy: Bauli expands into sports nutrition with Maxsport stake
Bauli, the Italian bakery firm, is expanding into the sports nutrition market with the acquisition of a majority stake in Slovakian supplement firm MaxSport, according to a report in Startitup. MaxSport, which markets products such as pasta, protein shakes, nut butter, protein snacks and snack bars in the Czech Republic, Slovakia and over 30 other countries, reportedly does not have its own manufacturing facilities but …
USA: PepsiCo agrees deal to acquire PopCorners brand
PepsiCo, the leading food and drinks multinational, has announced it has entered a definitive agreement to acquire BFY Brands, the makers of the PopCorners snack line, for an undisclosed sum. The firm said the addition of BFY Brands would expand Frito-Lay’s snacking portfolio and “further deliver on its Winning with Purpose vision to offer consumers more positive nutritious options”. PopCorners is descirbed as a high …
Canada: Hostess Brands to acquire Voortman Cookies
Hostess Brands, the US bakery firm, has announced it has acquired Voortman Cookies, a “rapidly growing” manufacturer of wafers, sugar-free and specialty biscuits, from Swander Pace Capital for approximately $320 million. Founded in 1951 and headquartered in Burlington, Canada, Voortman Cookies is described as the number one player in creme wafers and sugar free cookies, with distribution across the USA and Canada. Hostess Brands said the …
Sweden: Arla to close Gefleortens dairy business
Arla, the Danish milk processor, is to shut its Gefleortens business in Sweden, according to a FoodBev report, in a further sign of the pressures facing the global dairy sector. Gefleortens, which Arla acquired in 2017, is based in Gavle, north of Stockholm, and produces a range of dairy products including milk, cream and yoghurt. Arla reportedly cited increased competition as a reason for …
Australia: Lion Australia to sell dairy division to Mengniu
Lion Australia, the Kirin-owned Australian food and drinks manufacturer, has announced it has reached an agreement to sell its Dairy & Drinks business to Chinese dairy firm Mengniu in a deal valued at A$600 million ($406 million). The sale includes all white milk, milk-based drinks, yoghurt, juice and water ice brands and assets, as well as Lion Dairy & Drinks’ International business, its share of the …
Brazil: M. Dias Branco pulls plug on new factory
M. Dias Branco, the leading Brazilian biscuit and pasta firm, has announced it has abandoned plans to construct a new factory in Juiz de Fora in Minas Gerais state, according to a report in New Trade. The company had originally announced the R$305.6 million ($72 million) scheme in 2014, with the intention of using the plant to produce both pasta and biscuit products. However, as …
Brazil: Pif Paf Alimentos acquires Fricasa
Pif Paf Alimentos, a leading meat and poultry processor, has announced it has acquired Brazilian peer Fricasa, a pork specialist, for an undisclosed sum. The firm, the largest meat processor in the Minas Gerais region, said the deal would increase its pork processing capacity by 70% and would add around 15% to its annual turnover. Founded in 1962 and with operations in the southern …
UK: Unilever divests part of Central American laundry business
Unilever, the Anglo-Dutch consumer goods giant, has announced it has entered into an agreement to sell part of its laundry detergent business in Central America to the Guatemalan household and personal care firm Industria La Popular for an undisclosed sum. The deal will see Unilever divest its direct application laundry soap bars business in Central America, including the licence to use the brands Xtra, Surf, Unox …
USA: Bumble Bee Foods files for bankruptcy, strikes asset sale deal
Bumble Bee Foods, the US manufacturer of preserved fish and chicken products, has filed for bankruptcy and agreed a deal to sell its assets to Taiwanese seafood processor FCF, according to a Food Business News report. FCF will pay reportedly $925 million for Bumble Bee Foods’ assets. The declaration of bankruptcy will facilitate the sale and help Bumble Bee reduce its debt burden, the …
USA: Lion Australia acquires New Belgium Brewing
Lion Australia, the Kirin-owned drinks firm, has announced it has stepped up its presence in craft beer with the acquisition of independent US-based beermaker New Belgium Brewing, via its Lion Little World Beverages division. Established in 1991, New Belgium Brewing is said to have grown to become a leading craft brewer, marketing brands such as Fat Tire Amber Ale and Voodoo Ranger IPA, and …
Australia: Unilever to close Weis ice cream factory
Unilever, the Anglo-Dutch FMCG firm, has announced it is consolidating production of Weis ice creams in Australia at its site in Minto, New South Wales, meaning the long-standing Weis factory in Toowoomba, Queensland will close. “The ice cream market – in terms of costs, competition and distribution channels – has changed very quickly and pressure on our business has significantly increased”, Unilever Australia & New …
USA: Coty takes majority stake in Kylie Cosmetics
Coty, the global fragrance and cosmetics firm, has announced it has taken a 51% stake in Kylie Cosmetics, the beauty brand owned by media personality Kylie Jenner, for $600 million. Kylie Cosmetics offers a range of lip, eye and face make-up, and generates around $177 million in annual turnover. Coty said the strategic partnership would allow the two parties to jointly build and further develop the …
USA: Chobani expands dairy-free offering with oat-based range
Chobani, the second-largest yoghurt maker in the US, has announced the launch of a new oat-based range as it expands its offering in the non-dairy space. Called simply Chobani Oat, the new line will include oat-based yoghurt, due for launch next month, and oat-based milks due for launch in January next year. It is also launching a “barista blend” product designed to behave like steamed …
USA: Dean Foods files for bankruptcy
Dean Foods, the troubled US dairy firm, has announced it has filed for bankruptcy protection amid financial difficulties. The firm, which is the US’s leading milk processor, said it and most of its subsidiaries had initiated voluntary Chapter 11 reorganization proceedings, adding that it intended to use the process to support its ongoing business operations and address debt and unfunded pension obligations while it works toward …
UAE: Yasar to set up processed cheese plant
Yasar, the Turkish firm behind the Pinar brand, is to set up a dairy plant in the Khalifa Industrial Zone in Abu Dhabi, UAE with an initial investment of approximately $27 million, according to a report in Arabian Business. The plant, reportedly the first processed cheese factory to be established in the UAE, will act as a manufacturing hub for Yasar in the MENA region. …
Look Ahead: Saeed Al Mansoori, SIAL Middle East 2019
Gama spoke to Saeed Al Mansoori, IDEX Executive Director at ADNEC, ahead of the 2019 edition of SIAL Middle East. What are your expectations for the 10th edition of SIAL Middle East? We are very much looking forward to our 10th anniversary edition as we are expecting to draw over 1,000 exhibitors, with more than 30 country pavilions and over 20,000 industry experts from more …
UK: Mars to launch vegan chocolate bars
Mars, the global confectionery giant, is rolling out a range of vegan-labelled milk chocolate bars in the UK, according to a report in The Guardian. The new line-up under the Galaxy brand will be offered in the varieties Smooth Orange, Caramelised Hazelnut and Caramel & Sea Salt, and will come in 100g packs bearing Vegan Society certification. Reformulating its Galaxy bars to replace dairy …
Canada: McCain increases capacity for speciality potato
McCain, the leading potato processor, has announced it is investing C$80 million ($60 million) to increase capacity for formed potato specialities in Canada, to meet growing demand from retail and foodservice customers. The firm said the creation of the new high-speed formed potato speciality line at its Grand Falls plant in New Brunswick would strengthen its potato processing presence both in Canada and North America. The new production …
USA: Riviana Foods expands Tennessee rice plant
Riviana Foods, a leading US rice and pasta firm, has announced it has expanded its production capacity for microwaveable rice products under the Minute rice brand via a $27 million investment. The firm, which claims to be the largest processor, marketer and distributor of branded and private label rice products in the US, said the investment would double current operational output, adding that it was the …
Netherlands: Zwanenberg agrees deal to acquire Struik
Zwanenberg, the diversified food brands firm, has submitted a deal to acquire Struik, the Dutch soup manufacturer, to competition regulators in the Netherlands, according to a Tubantia report. Struik, which is currently owned by veal processor Van Drie Group, following a deal agreed in 2016, manufactures a range of ambient soups and stocks, as well as the Sonnen Bassermann line of soups, stews and …
Brazil: JBS acquires Marba
JBS, the Brazilian meat firm, has acquired beef and pork products maker Marba, via its subsidiary Seara Alimentos, for an undisclosed sum, according to a report in InfoMoney. The company said the acquisition was “in line with our strategy of increasing the number of added-value brands and brands in our portfolio”. Founded in 1961, Marba produces a broad range of traditional Brazilian meat products, …
Gama to be Exclusive Innovation & Insights Partner to SIAL Middle East 2019
MANCHESTER– 7th November 2019: Gama, a global provider of business information and services specializing in innovation and international trade, can today announce that it has signed an agreement to be the Exclusive Innovation and Insights Partner to SIAL Middle East 2019, hosted by the Abu Dhabi National Exhibition Centre (ADNEC). The partnership will further Gama’s ability to support food and beverage manufacturers to achieve their …
USA: Bang Energy inaugurates new production site
Bang Energy, a US manufacturer of energy drinks and sports nutrition products, has announced it has spent $52 million to acquire a new 400,000 sq ft manufacturing and distribution facility in Phoenix, AZ in order to expand capacity. The new factory will manufacture products for a range of brands in the Bang Energy portfolio, including Stoked, Bang Keto Coffee, Redline, as well as its latest launch Bang Miami …
Canada: Lassonde to acquire fruit snack firm Sun-Rype
Lassonde, the Canadian agri-food firm, has announced it has entered into an agreement to acquire Sun-Rype, a fruit-based snack and drinks maker, for a cash consideration of approximately C$80 million ($61 million). Founded in 1946, Sun-Rype produces juices and fruit snacks in Kelowna, BC, and also operates facilities in Selah and Wapato in the USA’s Washington state. The company manufactures and sells a variety of ready-to-drink fruit based …
UAE: Carrefour to expand to central Asia via Majid Al Futtaim partnership
Carrefour, the global retail giant, has announced its first foray into central Asia with the opening of new stores in Uzbekistan via its partnership with UAE-based conglomerate Majid Al Futtaim. Carrefour said it was planning to open three supermarkets and one hypermarket in the Uzbek capital Tashkent in 2020, followed by another two supermarkets and one hypermarket in 2021. Commenting on the move, Patrick Lasfargues, Carrefour executive …
China: Nestle opens infant cereal snack plant
Consumer goods giant Nestle has announced it has opened a plant in Shuangcheng District, Harbin City, in the Heilongjiang province of China, which is said to be the company’s first Chinese factory dedicated to the production of Gerber Nutripuff infant cereal snacks. The factory, built at a cost of around 100 million CYN ($14 million), will produce organic and regular Gerber NutriPuffs in a total of …
Canada: Mondelez expands sweets factory
Mondelez, the global snacks and confectionery firm, has invested C$4o million ($30 million) to upgrade a confectionery facility in Hamilton, Canada to increase capacity, according to a report in Canadian Grocer. The investment is reportedly being spent on a new line that will make 11 million pieces of Maynards jelly sweets a day for distribution across Canada and the USA. The new production line in Hamilton is part …
Saudi Arabia: BRF to open chicken processing plant
BRF, the Brazilian meat and poultry firm, is investing $120 million to open a chicken processing plant in Saudi Arabia to strengthen its Middle East presence, according to a Reuters report. The investment underlines BRF’s goal to remain a leading supplier to countries of the Gulf, BRF chief financial officer Carlos Moura is quoted as saying. The company currently operates a facility in Abu Dhabi (UAE) …
USA: Danone invests in milk formulated for young children
Horizon Organic, an organic dairy firm and Danone subsidiary, has announced the launch of a new milk formulated to meet the nutritional needs of young children. Horizon Organic Growing Years is said to have been developed in partnership with paediatricians and created specifically for children aged one to five. The formulation is said to include DHA Omega-3 to support brain health, choline to transport DHA …
Brazil: Heineken announces plans to double capacity
Heineken, the Dutch beer giant, has announced plans to double its manufacturing capacity in Brazil to meet rising demand, according to a New Trade report quoting Valor Economico. The company is said to be investing R$985 million ($247 million) to expand capacity at its Araraquara, Itu and Jacarei sites in Sao Paulo, as well as factories at Alagoinhas in Bahia and Ponta Grossa in Parana. …
Denmark: Arla to invest $55 million in Bahrain factory
Arla, the Danish dairy co-operative, has announced plans to invest $55 million in its factory in Manama, Bahrain, with a view to making the plant its key strategic manufacturing hub in the Middle East & North Africa. The dairy giant took over the plant as part of its acquisition of the Mondelez branded cheese business in the Middle East. The majority of Arla’s products sold …
UK: Tulip mulls closure of Bodmin site
Tulip, the meat processor and branded food maker, has announced it is considering closing its meat processing site in Bodmin, Cornwall, UK, with the loss of up to 270 jobs. “The site has been operating at a significant loss for several years and while it remains a well-invested site with industry-leading capabilities, it is unsustainable to maintain operations under the existing business model”, the …
Germany: Hipp acquires organic firm Barnhouse
Hipp, the German organic baby food firm, has announced its expansion into new categories with the acquisition of Barnhouse, a maker of natural granola and other breakfast foods from the Upper Bavaria region. Founded in 1979, Barnhouse markets a broad range of granolas as well as other traditional breakfast cereals such as cornflakes and muesli under its namesake brand, and is described as the …
Brazil: Massimo Zanetti acquires Cafe Pacaembu
Massimo Zanetti, the Italian coffee specialist, has announced it has acquired Cafe Pacaembu, a coffee firm based in Sao Paulo state, Brazil, for an undisclosed sum. Founded in 1957, Cafe Pacaembu is described by Massimo Zanetti as one of the most traditional brands in the Sao Paulo. “In a highly fragmented market, it still represents one of the best known coffees”, the firm said, adding …
Spain: Refresco and PepsiCo form a new partnership
Refresco, the Dutch soft drinks firm, has reached a deal with PepsiCo which will see it acquire a number of the US firm’s factories in Spain, according to reports in FoodBev and Food Business Africa. Under the terms of the agreement, PepsiCo will transfer two of the three factories it currently operates in Spain – Tafalla (Navarra) and Seville – to Refresco, meaning Refresco will …
Greece: Upfield acquires Violife brand owner Arivia
Upfield, described as the global leader of plant-based butter and spreads, has announced it has secured a deal to acquire Arivia, the Greek owner of the Violife cheese alternative brand, for an undisclosed sum. Founded in the 1990s, Arivia develops a range of plant-based dairy and dairy-free products, using mainly coconut oil. Its products include dairy-free alternatives to cheddar, mozzarella and cream cheese. The firm’s flagship …
USA: Kind to acquire Creative Snacks
Kind, the US-based snack company minority owned by Mars, has announced the acquisition of Creative Snacks, a family-owned snack company based in North Carolina, to further strengthen its presence in ‘better-for-you’ snacks. Founded in 2009, Creative Snacks offers premium-positioned snack foods including almond and coconut nut clusters, pretzels and trail mixes, as well as granola. Commenting on the acquisition, Daniel Lubetzky, founder and executive …
Mexico: Campari takes majority stake in Ancho Reyes and Montelobos brands
Campari, the Italian spirits firm, has announced it has taken a majority stake in the spirits firms Licorera Ancho Reyes and Casa Montelobos, respectively the owners of the “super premium” spicy liqueur Ancho Reyes and mezcal Montelobo, for $35.7 million. Ancho Reyes is described as a natural and authentic liqueur made from ancho and poblano chiles cultivated in the volcano-enriched soils of Puebla, Mexico, and …
Denmark: Carlsberg unveils cardboard bottle prototypes
Carlsberg, the Danish beer giant, has unveiled two new research prototypes as part of its Green Fibre Bottle initiative, a project to develop a fully biodegradable wood-fibre drinks bottle which it first announced in 2015. The beermaker said it would now also be joined in the project by Coca-Cola, Absolut and L’Oreal in a paper bottle “community” launched by Paboco, a joint venture between packaging company BillerudKorsnas and …
Global FMCG leaders reconnect at the Gama Innovation Conference & Awards 2019
MANCHESTER – 14th October 2019: Last Thursday saw some of the leading names from the fast-moving consumer goods (FMCG) sector return to Manchester’s Bridgewater Hall for the 2019 edition of the Gama Innovation Conference & Awards (GICA). Representatives from the biggest names in the industry, including Unilever, Innocent, Essity, Tetra Pak and Sonae rubbed shoulders with dynamic start-ups, industry experts and other invited guests, as GICA …
USA: Popchips sold to equity fund VMG Partners
VMG Partners, a US private equity fund specializing in consumer goods, has announced the acquisition of the Popchips brand in North America, and most international markets outside of the UK and Europe, via its newly-created “branded snacking platform” Velocity Snack Brands (VSB). Founded in 2007, Popchips is a “better for you” snack brand sold in supermarkets across the USA. Alongside the flagship Popchips brand, the …
UK: Valeo buys Matthew Walker pudding brand
Valeo, the Irish food firm, is to acquired the UK puddings business Bakery Foods, trading as Matthew Walker, from the UK food giant 2 Sisters in a deal worth £67 million ($85 million), according to a FoodBev report. Based in Derbyshire where it operates a factory employing 200 staff, Matthew Walker produces Christmas puddings, sponge puddings and other traditional British desserts under its namesake …
South Africa: Coca-Cola Beverages Africa strengthens in Kenya
Coca-Cola Beverages Africa (CCBA), the Coca-Cola bottler, has acquired stakes in two Coca-Cola franchise bottlers in Kenya through its wholly-owned subsidiary Coca-Cola Sabco East Africa (CCSEA) for a combined sum of $194 million, according to a report in Food Business Africa. CCSEA has acquired the 53.9% stake in Almasi Beverages and 27.6% stake in Nairobi Bottlers previously owned by public East African investment company Centum. Since CCSEA already held a 72.4% …
USA: Hain Celestial divests Arrowhead Mills and SunSpire brands
North American natural and organic foods firm Hain Celestial has announced the latest in a series of divestments with the sale of the Arrowhead Mills and SunSpire brands to Hometown Food, a wholly-owned portfolio company of Brynwood Partners VII and Brynwood Partners VIII, for $15 million. The Arrowhead Foods lineup includes baking mixes, breakfast cereal, flour, pancakes, and pie crusts, while SunSpire is a brand of …
USA: Frito-Lay invests again in Indiana plant
Frito-Lay, the snacking division of food and drinks giant PepsiCo, is investing $70 million to upgrade a prodjction facility in Frankfort, IN, according to a report in Inside Indiana Business. The investment is reportedly to be used to install a new snack production line as well as to expand an existing warehouse. 45 jobs are expected to be created as a result of the upgrade. …
UK: CCEP opens new canning line
Coca-Cola European Partners, the Coca-Cola bottler, has announced the opening of a new canning production line at its factory in Sidcup, UK at a cost of £16 million ($20 million). The firm said the new line was part of a £55 million($68 milliuon) investment into its Sidcup operations and would be dedicated to making CCEP’s latest lightweight cans, which range from in size from 330ml …
Germany: Meat firms Reinert and Kemper to merge
Reinert and Kemper, two of Germany’s largest manufacturers of sausage products, have announced they are to merge to form the second biggest meat processor in the country, with annual turnover of more than €700 million ($767 million). Named TFB The Family Butchers, the newly-created company will offer customers a wide portfolio ranging from value lines to premium branded products, and will bring together Reinert’s expertise …
Singapore: Fraser and Neave opens Myanmar brewery
Fraser and Neave, the Singapore-based brewing firm, has announced it is returning to Myanmar with the start of commercial operations at its new Emerald Brewery in Hlegu Township, Yangon. The $70 million facility will brew and market Chang Lager beer, as well as building distribution across Myanmar. Annual beer capacity at the site will be 500,000 hectolitres. Commenting on the investment, Fraser and Neave CEO …
Switzerland: Nestle launches plant-based burgers in North America and Europe
Consumer goods giant Nestle has announced it is expanding its plant-based food range with the launch of burger and imitation mince in the USA and Switzerland United States. The ingredients and recipes in the new line are said to be customized to meet local tastes, to “ look and cook” like raw beef and provide a “juicy, meat-like” taste and texture. In the USA, …
Gama News – July – September 2019
The July – September 2019 edition of Gama News is now available. In this edition: o Insight By Gama Compass: Key innovation trends in FMCG o Gama Innovation Conference & Awards 2019 o Look Ahead: Anuga 2019 o Look Ahead: SIAL Middle East 2019 CLICK HERE to read it now.
Brazil: Mars opens new Snickers factory
Mars, the global confectionery firm, has officially inaugurated a new facility in Brazil’s Sao Paulo state that will be dedicated to the manufacture of Snickers bars, according to a report in New Trade. The new plant, in the town of Gurararema, is said to have been built as part of a R$500 million ($120 millon) investment in Mars Wrigley Brazil, and will create 125 …
Netherlands: Zwanenberg acquires Chicken Tonight brand
Zwanenberg, a producer of meat preserves, snacks, soups, sauces, convenience meals and vegetarian products, has announced an agreement to acquire the Chicken Tonight sauce brand from Anglo-Dutch consumer goods giant Unilever. Zwanenberg said it already made the sauces for Unilever but from now one would also assume responsibility for marketing and sales. Commenting on the deal, Zwanenberg Nederland CEO Maarten Elsinga said: “Chicken Tonight …
Gama agrees partnership with leading UAE retailer Union Coop
DUBAI – 26th September 2019: Gama, a global provider of business information and services specializing in innovation and international trade, is pleased to announce a strengthening of its presence in the Middle East via a partnership with Union Coop, the UAE’s leading consumer cooperative. Under the terms of the agreement, Gama will provide support to Union Coop’s innovation strategy. Commenting on the partnership, Gama Founder …
USA: Kraft Heinz partners with Diageo to create new coffee line
Kraft Heinz, the multinational food firm, is partnering with spirits giant Diageo to create a new line-up of coffee products in association with the Baileys brand. The product range will include Baileys ready-to-drink cold brew in cans, Baileys roast & ground coffee, and Baileys K-Cup pods and is aimed at bringing “indulgent flavour” to the coffee category. Commenting on the launch, Diageo senior licensing …
Italy: Coca-Cola HBC to acquire Acque Minerali
Coca‑Cola HBC, Europe’s leading Coca-Cola bottler, has announced it is strengthening in the bottled water space with the acquisition of Acque Minerali, a producer and distributor of mineral water and adult-oriented sparkling beverages under the Lurisia brand. The firm said the acquisition was being made in conjunction with Coca‑Cola Co, and that they will together pay €88 million ($97 million) for the Italian water …
USA: Keurig Dr Pepper to invest in new facility
Keurig Dr Pepper (KDP), a leading coffee and soft drinks firm based in the USA, has announced plans to develop a new production and warehouse facility in Allentown, PA with an investment of around $200 million. The company said the new facility provides it with additional, highly efficient capacity for existing and new brands, and would also help it optimize its logistics footprint in …
Belgium: Aviko to expand capacity at production site
Aviko, one of Europe’s biggest producers of fresh, frozen, dried and specialty potato products, has announced plans to expand production capacity at its plant in Poperinge, Belgium, including the establishment of an entirely new production facility for frozen French fries and potato flakes. The new plant will have a capacity of 175,000 tonnes for frozen chips (fries) and 11,000 tons for flakes annually includes …
Gama agrees partnership with retailer Candando
MANCHESTER – 20th September 2019: Gama, a global provider of business information and services specializing in innovation and international trade, is pleased to announce its expansion into Africa via a partnership with Candando, a leading grocery retailer based in Angola. Through the partnership, Gama will support Candando to optimize its product and innovation strategy. Commenting on the agreement, Gama Founder & CEO Cesar Pereira said: …
Australia: Mengniu acquires infant formula firm Bellamy’s
Mengniu, a leading Chinese dairy firm , has made a bid to acquire Bellamy’s, Australia’s largest organic infant formula producer, for approximately A$1.5 billion ($1.03 billion). Bellamy’s produces, supplies and markets a range of organic food and infant formula for babies and toddlers, sourcing ingredients from Australian and international suppliers. Bellamy’s products are distributed in Australia, Vietnam, Singapore, Malaysia, New Zealand and China, including …
Australia: Carlton & United Breweries acquires Riot Wine
Carlton & United Breweries, the beermaker and AB InBev subsidiary, has announced the acquisition of Riot Wine, an Australian wine firm using exclusively in kegs and cans, for an undisclosed sum. Riot Wine, which markets a flagship rose among other products, said its approach offers consumers a superior and more sustainable product. Launched in 2016, Riot Wine is now available across Australia in both …
Finland: Celsius Holdings to acquire Func Food Group
Celsius Holdings, the maker of fitness drink Celsius, has announced the acquisition of Func Food Group, a Finnish supplements and health foods firm, for $15.1 million in cash and the assumption of $9.5 million of outstanding debt. Func Food is a markets and distributes beverages, protein bars, supplements and superfoods under the brands Celsius, FAST Sports Nutrition, CocoVi and FitFarm. Celsius Holdings said the …
USA: Conagra Brands to sell business unit to Utz Quality Foods
Leading US food manufacturer Conagra Brands has announced it has reached an agreement to sell its direct store delivery snacks business to Utz Quality Foods, described as the largest privately held savoury snack firm in the USA, for an undisclosed sum. Crisp, popcorn, pretzel and savoury snack brands such as Tim’s Cascade Snacks, Hawaiian Snacks, Erin’s, Snyder of Berlin and Husman’s will now transfer …
USA: Heinz Kraft launches ketchup with added vegetables
Kraft Heinz, the leading US food and drinks firm, has announced a health-oriented makeover for its flagship Heinz ketchup brand, with the introduction of a new variety that contains added vegetables. Marketed as “miraculously offer[ing] the veggies parents love, without compromising the thick and rich HEINZ taste kids love”, Heinz Tomato Ketchup with a Blend of Veggies is said to contain 25% added vegetables …
USA: ACH announces acquisition of Anthony’s Goods
ACH, a manufacturer of branded cooking oils and baking products, has announced the acquisition of natural and organic food firm Anthony’s Goods for an undisclosed sum. Anthony’s Goods markets a range of gluten-free flour alternatives, baking aids and supplements, including coconut and almond flours, spirulina and algae powder, and activated charcoal. Commenting on the acquisition, ACH CEO Imad Bazzi said: “One of the key …
USA: Wells acquires Halo Top ice cream brand, buys Unilever factory
Wells, described as the largest privately held, family-owned ice cream manufacturer in the USA, has announced it has acquired the Halo Top brand from Eden Creamery. The purchase expands Wells’ current portfolio to five distinct brands, the company said. Advertised as “light ice cream that actually tastes like ice cream” and as having fewer calories, less sugar, and more protein than traditional ice cream, Halo …
USA: Kroger launches new plant-based line
Kroger, the leading supermarket chain, is the latest US firm to move into the imitation meat space with the launch of a new plant-based line under its Simple Truth banner. The product line is said to include fresh meatless burger patties and grinds as well as plant-based cookie dough, pasta sauces, sausages, deli slices, dips and other items. In a press release Kroger said …
Netherlands: Oatly to open second European production site
Oatly, the Scandinavian firm behind the namesake dairy-alternative milk, is opening its first new factory outside Sweden with an investment in a new plant in Vlissingen, Netherlands, according to a report in AD. The factory, which is designed to meet increased demand for the company’s oat-based goods, will employ 15 staff and produce 120 million litres of Oatly products per year. Commenting on the launch, Oatly spokesperson …
Canada: McCain to invest again in Florenceville facility
Canada-based potato processor McCain has announced plans to further invest C$12 million ($9 million) at its facility in Florenceville, New Brunswick, Canada, adding capacity to the existing line that produces chips (fries) for the company’s food service and retail business. The extra capacity will require an additional 400 hectares of potatoes from local growers, McCain said in a statement. The project is to be …
USA: Kellogg launches imitation meat line Incogmeato
Kellogg, the leading US cereal and snacks firm, has announced it is expanding its MorningStar Farms plant-based range with the launch of Incogmeato, a new line of imitation meat products. The “next-gen” product line is said to include the company’s first ready-to-cook plant-based burger, which will be sold in the refrigerated meat aisle, as well as frozen, plant-based imitation chicken tenders and nuggets. Commenting …
USA: Mahou Group acquires majority stake in Founders Brewing
Mahou Group, the leading Spanish brewer, has upped its stake in the US-based craft beer maker Founders Brewing, increasing its holding to 90%, according to reports in Food Business African and FoodBev. Mahou Group originally took a 30% stake in the Michigan craft brewery in 2014 with a $96 million investment. Commenting on the deal, Founders Brewing president and co-founder Mike Stevens said: “We …
UK: Burton’s Biscuit acquires Paterson Arran
Burton’s Biscuit, the UK bakery firm behind brands such as Maryland and Wagon Wheels, has announced it has acquired Paterson Arran, a Scottish independent food company, for an undisclosed sum. The acquisition includes the Paterson’s shortbread brand as well as the foodservice biscuit and chutney brands Bronte, Cafe Bronte and Arran Fine Foods. Paterson Arran, which employs around 200 people, runs the Royal Burgh Bakery …
Look Ahead: Anne Schumacher, Anuga 2019
Gama spoke to Anne Schumacher, Vice President Food & Food Technology, Koelnmesse, ahead of the latest edition of the Cologne tradeshow. What are your expectations for this edition of Anuga? Anuga 2019 is fully booked which is a great success again. Over 7,400 exhibitors from more than 100 countries will be part of this year’s edition. In addition to that, Anuga is celebrating its …
South Korea: Diageo to close spirits plant
Diageo, the global spirits giant, has announced it will close its manufacturing facility in Icheon, Gyeonggi Province, in South Korea in around nine months’ time, according to a report in The Spirits Business. The firm is previously quoted as saying that the Scotch whisky sector is experiencing a slowdown as consumers switch to lower-alcohol alternatives. Per Diageo’s fiscal 2019 results, net sales in Korea …
China: Pernod Ricard to open whisky distillery
Wine and spirits multinational Pernod Ricard has broken ground on a malt whisky distillery in Emeishan, China, as part of a $150 million investment by the company over the next 10 years, according to a report in Food Business Africa. The distillery, which will also house a visitor centre, will start production in 2021, with the first batch of whisky expected to be released …
Brazil: Tyson Foods to take 40% stake in Grupo Vibra
Tyson Foods, the US meat processor, has announced it has reached a deal to take a 40% stake in Brazilian poultry firm Grupo Vibra for an undisclosed sum. Describing the deal as “part of its global growth strategy”, Tyson Foods said its stake in Grupo Vibra would give it more flexibility in serving customers in key global markets, noting that nearly 98% of protein consumption growth is …
USA: Campbell Soup to offload European crisps business
Campbell Soup, the US foods manufacturer, is continuing to shed non-core businesses, this time striking a deal to offload its European crisps business, including the Kettle brand, to the Irish firm Valeo Foods. The US company said it would use the proceeds from the sale, which is valued at around £66 million ($79 million) to reduce debt. Campbell Soup’s European Chips business includes UK-based Kettle Foods …
USA: Constellation Brands acquires stake in Durham Distillery
US-based alcoholic drinks firm Constellation Brands has announced it has acquired a minority stake in Durham Distillery, a craft gin, vodka, liqueur and ready-to-drink canned cocktail producer located in Durham, NC, USA. The Durham Distillery product line includes Conniption Navy Strength Gin and Conniption American Dry Gin, Damn Fine Liqueurs (Chocolate, Mocha and Coffee), Cold Distilled Cucumber Vodka, and ready-to-drink canned cocktails (Conniption Gin …
UK: Pilgrim’s Pride to acquire Tulip from Danish Crown
Pilgrim’s Pride, the chicken and prepared foods firm, has announced it has acquired Tulip, a leading, integrated prepared foods supplier with 12 fresh and value-added operations in the UK, from Danish Crown, in a deal worth around £290 million ($354 million). In the retail sphere, Tulip markets namesake pork products as well as Danepak, the UK’s leading bacon brand. Commenting on the deal, Pilgrim’s …
USA: Pernod Ricard announes acquisition of Castle Brands
Wine and spirits multinational Pernod Ricard has announced the acquisition of Castle Brands, a New York based spirits firm, for $223 million. Castle Brands market a range of “high end premium brands” that includes Arran whisky, Boru Irish vodka, Brady’s Irish cream, Clontarf whiskey, Celtic honey liqueur, Goslings rum, Gozio amaretto, Jefferson’s bourbon, Knappogue Castle whiskey and Pallini liqueurs. Commenting on the deal, Pernod Ricard …
Brazil: Diageo to build new plant for Ypioca cachaca
Diageo, the leading alcoholic drinks multinational, has announced plans to invest R$100 million ($24 million) to construct a new facility for its Ypioca cachaca brand in north-eastern Brazil, according to a report in Giro News. Located in Itaitinga, in Ceara state, the new plant will bring together manufacturing and administrative operations for the Ypioca brand, which Diageo acquired at the end of 2012 for …
South Africa: Coca-Cola Beverages Africa takes majority stake in Eswatini Beverages
Coca-Cola Beverages Africa (CCBA), the leading Coca-Cola bottler on the African continent, is taking a 60% stake in Eswatini Beverages, a soft drinks firm based in Eswatini (formerly Swaziland), according to a report in Food Business Africa. The firm will remain 40% owned by a sovereign wealth fund but will reportedly operate as a subsidiary of CCBA under the name Eswatini Coca-Cola Beverages (ECCB). Commenting on …
Egypt: Lulu to expand store footprint
Lulu, the Abu Dhabi based business conglomerate, has announced plans to invest 1.83 billion AED ($500 million) in the Egyptian market after reaching a series of agreements with authorities in the country, according to a report in Arabian Business. The firm’s expansion plans are said to include six new hypermarkets and four mini markets across the country. Lulu is also reportedly in talks to enter Egypt’s wholesale fruit and vegetable market, with …
USA: Hain Celestial sells Tilda rice brand to Ebro Foods
Hain Celestial, the natural foods firm, has announced it has agreed a deal to sell its Tilda brand of basmati and speciality rice to the Spanish consumer goods firm Ebro Foods for $342 million in cash. The firm said it was planning to use a portion of the sale proceeds to pay down debt, and was evaluating distribution alternatives for the remainder. Tilda operates two …
USA: Hershey seals $397 million deal to acquire One Brands
Hershey, the US confectionery firm, has announced it has entered into a definitive agreement to acquire One Brands, the maker of a line of low-sugar, high-protein nutrition bars, for a purchase price of $397 million. The chocolate maker said the deal “strengthened its position as a snacking leader” and would “provide a competitive offering of brands in the nutrition bar category”, adding that it …
USA: Stonewall Kitchen buys Vermont Village
Stonewall Kitchen, the US speciality foods firm, has announced it has entered into an agreement to acquire the Vermont Village brand of organic applesauce and apple cider vinegar, with the deal expected to close in September. Produced by the Village Cannery of Vermont since 1995, the Vermont Village brand has largely specialized in organic applesauce. More recently it added a line of raw and organic apple …
USA: Ajinomoto takes majority stake in More Than Gourmet
Ajinomoto, the US seasonings firm, has announced it has taken a 50.1% equity stake in More Than Gourmet (MTG), a US saucemaker, via a strategic partnership with its consolidated subsidiary Ajinomoto Health & Nutrition North America. Most famous for its demi-glace French-style sauce concentrates sold in both retail and foodservice channels, More Than Gourmet has also been marketing the Kitchen Accomplice brand of broths and burger …
Norway: Orkla takes stake in Noi Sirius
Orkla, the Scandinavian consumer goods giant, has announced it has signed an agreement to take a 20% stake in Noi-Sirius, described as Iceland’s leading chocolate and confectionery manufacturer. Established in 1920 and with about 150 employees, Noi Sirius markets chocolate brands such as Sirius, Noa Konfekt, Noa Kropp, Noa Paskaegg and Konsum. While over 70% of the company’s turnover is generated in its domestic …
USA: Simply Good Foods to acquire Quest Nutrition
Simply Good Foods, a branded nutritional and snack foods firm, has announced it has reached an agreement to acquire the functional foods maker Quest Nutrition for $1.0 billion in cash. Quest Nutrition is described as being focused on creating snacks with high protein levels but minimal sugars and net carbohydrates. The firm’s product lineup includes snack bars, biscuits, savoury snacks, protein powders and pizzas. …
USA: Mayorga Organics plans new coffee plant
Mayorga Organics, an independently owned and operated company specializing in organic coffee, has announced plans to open a new 33,000 sq ft facility in Miami, FL. The company said the new site would work in conjunction with an existing facility in Rockville, MD to provide distribution of coffee, chia, and other organic products across the East Coast Mayorga’s new plant will reportedly feature an …
USA: Del Monte Pacific to close and sell facilities
Del Monte Pacific, a leading fruit and vegetable processor, has announced plans to divest production facilities of its US subsidiary Del Monte Foods, including the closure of two production facilities and the sale of another. The facilities to be closed are located at Sleepy Eye, MN and Mendota, IL, where production is set to cease at the end of the current pack season. A …
USA: Target launches Good & Gather brand
Target, the US grocery retailer, has announced the introduction of Good & Gather, which it described as its largest private label brand for food and drinks. The new flagship brand will offer a wide range of food and beverage products that “prioritise taste, quality ingredients and ease, at a great value”, the company claimed in a press release. “Our guests are incredibly busy and …
UK: Greene King to be sold to CK Asset Holdings
CK Asset Holdings, a Hong Kong private equity company, has agreed a deal to acquire Greene King, Britain’s largest pub and brewery company, in a deal worth £4.6 billion ($5.6 billion), according to a Reuters report. CK Asset Holdings is said to be paying £2.7 billion ($3.3 billion) for the beer firm, in addition to assuming its debt. The Hong Kong firm already holds …
Japan: Kirin forays into supplements with 30% stake in Fancl
Kirin, Japan’s second-largest brewer, has announced it is foraying further into the health and beauty space with the ¥129.3 billion ($1.22 billion) acquisition of a 30.3% stake in cosmetics and health food maker Fancl, according to a report in the Nikkei Asian Review. The alliance between the two firms will reportedly focus on the joint development of health foods, drinks and supplements. The companies …
Ireland: Hershey announces investment in Fulfil
Hershey, the US confectionery and snacks firm, has announced a minority investment in the Ireland-based functional food firm Fulfil via its C7 Ventures arm. Founded in 2016, Fulfil produces vitamin-fortified, high-protein, low-sugar nutrition bars made from ingredients such as soy, whey protein and chocolate, which it markets in the UK and Ireland. Commenting on the launch, Hersey chief growth officer Mary Beth West said: …
UK: Danone launches Activia Live Culture Smoothies
The UK arm of French dairy multinational Danone is expanding into the smoothies category with the launch of Danone Activia Live Culture Smoothies. The new no added sugar drinks are said to contain a mix of yoghurt, fruit and vegetables including live bacterial cultures, and to be a source of protein, calcium and fibre. An “orange” variety is described as blending mango, peach, carrot, …
Egypt: Dina Farms invests to expand dairy operations
Dina Farms, a Qalaa Holdings subsidiary and the largest private sector farm in Egypt, has announced an investment of $24.4 million in its dairy farm and related businesses over the coming three years in order to expand production, according to a report in Food Business Africa. The company’s plans are said to include the setting up of a new production line to double production …
USA: Smithfield Foods launches Pure Farmland plant-based range
Smithfield Foods, the US meat processor, has announced it is venturing into plant-based foods with the launch of a new brand range called Pure Farmland. The Pure Farmland line comes as meat-free breakfast patties, meatballs, burger patties, and pre-seasoned protein starters, designed to help consumers “grow their plant-based protein options for all meal occasions, including breakfast, lunch, dinner, and appetizers”. All the items are …
Malysia: Ajinomoto to invest in halal foods plant
The Malaysian division of Japanese seasoning firms Ajinomoto is set to invest 355 million MYR ($84.62 million) to build a new production plant for halal foods on a plot of land located in Seremban, in Negeri Sembilan, according to a report in The Edge Markets. The company is said to have recently acquired the freehold plot for 86.1 million MYR ($20.5 million). Commenting on …
USA: Constellation Brands to sell Black Velvet whisky to Heaven Hill
Constellation Brands, the leading wine and spirits ompan company, has announced an agreement to sell its Black Velvet Canadian whisky brand to the distiller Heaven Hill for approximately $266 million. The firm said the sale formed part ot its “wine and spirits business transformation strategy”, including a focus on premium brands. The deal, which also includes a facility in Lethbridge, Canada and other brands associated with Black Velvet, is …
USA: MegaMex Foods and Herdez to announce new licensing agreement
MegaMex Foods, a Mexican food joint venture of Herdez and Hormel Foods, has announced a new licensing agreement with UTZ Quality Foods to manufacture, market and distribute Herdez branded tortilla chips and pork rinds to retailers in the US. According to the company, the partnership between MegaMex Foods and UTZ will speed up the entry of Hispanic snacks into the US market. The agreement …
UK: Diageo acquires majority stake in Seedlip
Diageo, the UK based alcoholic drinks giant, has announced the acquisition of a significant majority shareholding in Seedlip, described as the world’s first distilled non-alcoholic spirit brand. Launched in 2015 by Ben Branson “to solve the dilemma of ‘what to drink when you’re not drinking’”, Seedlip comes in the varieties Spice 94, Garden 108 and Grove 42. Diageo first invested in Seedlip in 2016 …
UK: Nestle to launch dairy-free coffee mixes
Consumer goods giant Nestle has announced the launch of three dairy-free coffee mixes under the Nescafe Gold brand in the UK and Ireland. According to a company press release, the new products are the world’s first plant-based soluble coffee mixes and all have vegan certification. Available as Coconut Latte, Almond Latte and Oat Latte, the new lineup is said to be made with a “specially-crafted” blend of 100% …
USA: Pernod Richard to acquire Firestone & Robertson
Wine and spirits company Pernod Ricard has announced the acquisition of Firestone & Robertson, the owner of the TX brand range of “super-premium” whiskey and bourbon, via its US arm, for an undisclosed sum. The deal also includes the “Whiskey Ranch” distillery in Fort Worth, Texas, “where consumers can enjoy the full TX brand Experience”. In a press release, Pernod Ricard said the acquisition was another …
India: Nestle to invest in new Maggi noodle plant
The Indian arm of Swiss consumer goods giant Nestle has announced plans to invest an initial sum of 700 crore INR ($98.6 million) over the next two years to set up a new plant for Maggi noodles. Located in Sanand, Gujarat, the factory will be Nestle’s ninth in India and the fourth dedicated facility for Maggi noodles. Commenting on the move, Suresh Narayanan, Nestle …
USA: Hostess Brands sells Superior Cake Products
Hostess Brands, the US bakery manufacturer owned by Gores Holdings, has announced it has signed a definitive agreement to sell its Superior Cake Products bakery business to Chicago-based Sara Lee Frozen Bakery for $65 million. Sara Lee Frozen Bakery is a leading maker of frozen bakery and dessert products. Superior Cakes Products manufactures sweet goods such as eclairs, madeleines, brownie bites, and black and …
USA: Campbell Soup sells remaining Campbell International operations
Campbell Soup, the leading US food manufacturer, is continuing its divestiture program with the sale of the Arnott’s business and its remaining Campbell International operations to KKR, a global investment firm, for $2.2 billion. Arnott’s was acquired in 1997 by Campbell and has operations centres in Western Sydney, Brisbane and Adelaide in Australi, as well as Bekasi in Indonesia. The Campbell International division also …
Indonesia: Nestle invests in factory expansion
Consumer goods giant Nestle has announced the expansion of three factories in Indonesia through a $100 million investment. Upgrades to the three factories, located in Karawang (West Java), Kejayan (East Java) and Panjang (Lampung) will increase Nestle’s current production capacity in the country by 25%, the company said. “We recognize an increasingly conducive business opportunity in Indonesia, coupled with the growing consumer demand towards …
USA: HeavenlyRx acquires majority stake in Tru Brands
HeavenlyRx, a hemp and CBD company, has announced the acquisition of Tru Brands, a US health and wellness company marketing plant-based bars and nutritional powder. Under the agreement, Heavenly Rx will acquire a 51% stake in Tru Brands for $3.5 million in cash and $2.57 million in company stock. Tru Brands currently markets a brand called Truwomen, with a line up of products that …
India: PepsiCo to establish snack plant in Uttar Pradesh
PepsiCo, the US based drinks and snacks giant, is planning to invest 514 crore INR ($74.7 million) over the next three years to set up a snack manufacturing plant in Uttar Pradesh, northern India, according to a report in the Economic Times. The new plant is expected to create over 1,500 direct and indirect jobs, the company said in a statement. Commenting on the …
Spain: Brasmar acquires Foncasal
Brasmar, the Portuguese seafood firm, has announced it has acquired Foncasal, a Spanish company specializing in cooked octopus and other chilled seafood products. Based in Logrono in Spain’s Rioja region, Foncascal markets a range of seafood including octopus, squid, prawns and crab under brands including Nuchar, Baltia, Moncasa and Montenia. The company has annual turnover of €18 million ($20 million) and has an international …
UK: Cranswick acquires Katsouris Brothers
Cranswick, a supplier of fresh and added-value food products, has revealed it has purchased Mediterranean food producer Katsouris Brothers in a deal worth £43.5 million ($53.2 million). Announcing the deal alongside its first quarter trading results, Cranswick described Katsouris Brothers as a processor and multi-channel supplier of continental and Mediterranean food products, operating a facility in the Wembley area of London. The firm’s product …
China: PepsiCo buys stake in Natural Food International
Global snacks and drinks giant PepsiCo has acquired a stake in Natural Food International, one of China’s largest natural food firms, according to media reports. PepsiCo’s 26% stake in the Shenzhen-based company will reportedly make it Natural Food International’s second largest shareholder. Natural Food International makes products from grains, nuts, and beans, with a focus on grain-based premium nutrition powder. Described as China’s second …
Spain: Ebro Foods to sell organic food business to Midsona
Ebro Foods, the Spanish food company, has announced it has received a binding offer from Midsona, a Swedish leader in organic and health foods and self-care ,for the acquisition of the entire share capital of Alimentation Sante for €57.5 million ($64 million). “Ebro has analyzed the strong investment needed to reach a relevant position in the Bio food business.”, the firm said in a …
France: Casino divests Vindemia chain
Casino, the French supermarket group, has announced the signature of a unilateral purchase agreement to sell Vindemia, the leading retailer in the Indian Ocean (Reunion Island, Madagascar, Mayotte, Mauritius), to the autmotive and retail business GBH for an enterprise value of €219 million ($244 million). Founded in 1972 on Reunion Island and gradually acquired by Casino between 2001 and 2007, Vindemia is said to have …
USA: Constellation Brands makes investment in Montanya Distillers
US-based alcoholic drinks firm Constellation Brands has announced it has acquired a minority stake in Montanya Distillers, a US rum firm, for an undisclosed sum. Montanya Distillers was originally founded in Silverton, CO in 2008 by Karen and Brice Hoskin and markets the Montanya Platino, Montanya Oro, Montanya Exclusiva, and Montanya Aniversaria range of rum. Montanya Distillers sells its rums in over 40 states …
Italy: Emmi acquires dessert firm Pasticceria Quadrifoglio
Emmi, the Switzerland-based dairy firm, has announced the acquisition of Pasticceria Quadrifoglio, an Italian dessert company headquartered in Piumazzo di Castelfranco Emilia for an undisclosed sum. The integration of Pasticceria Quadrifoglio, which operates two production sites near Modena, will further expand Emmi’s production and distribution capabilities, the company said. The existing “Emmi Dessert Italia” network, which Pasticceria Quadrifoglio will join, already comprises production locations …
UK: Muller expands Telford facility
Muller, the UK’s largest milk supplier and distributor, has expanded its facility in Telford with the construction of a chilled yogurt manufacturing line, capable of producing 500 million pots each year. The expansion represents an investment of £50 million ($62 million), will create 65 new jobs in the area, and enable Muller to meet growing demand from consumers for branded and private label yogurts made …
Brazil: Dr. Oetker acquires baking aids firm Mavalerio
Dr. Oetker, the German food firm, has announced it is strengthening its presence in Brazil with the acquisition of local baking aids firm Mavalerio for an undisclosed sum. Mavalerio has sales volumes of 31,000 tonnes per year. Its product range includes sugar and chocolate sprinkles, chocolate coatings, icing mixes, cocoa powder, sugar, popcorn and flavourings. Founded in 1969, the firm has grown internationally over …
USA: Nestle launches Starbucks brand coffee creamer
Global consumer goods firm Nestle has announced the launch of three new Starbucks-branded coffee creamers in the USA. The launch follows a licensing agreement, agreed last year, that allows Nestle to market Starbucks-branded products around the world. Starbucks Coffee Creamers will be available in Caramel, White Chocolate, and Cinnamon Dolce, said to be inspired by the Caramel Macchiato, White Chocolate Mocha and Cinnamon Dolce …
France: Campari in negotiations to acquire rum brands Trois Rivieres and Maison La Mauny
Campari, the Italy-based spirits group, has announced that it has entered into exclusive negotiations with Compagnie Financiere Chevrillon and a group of minority shareholders to acquire the French company Rhumantilles, owner of 96.5% of the Martinique-based rum maker Bellonnie & Bourdillon Successeurs. Campari described Bellonnie & Bourdillon Successeurs as “an iconic ‘Rhum Agricole’ producer with secular know-how rooted in craftsmanship and French Caribbean tradition”. …
Brazil: McCain invests in new factory
McCain, the leading frozen potato firm, has announced it is investing $100 million to construct its first factory manufacturing chips (french fries) in Brazil. Due to be opened in the first half of 2021, the facility will significantly increase McCain’s production capacity in Latin America, the company said. Located in the city of Araxa, in Minas Gerais state, the factory is also expected to …
Australia: AB InBev sells Australia unit to Asahi
AB InBev, the world-leading brewer, has announced it has agreed to divest Carlton & United Breweries to Japanese beermaker Asahi for an enterprise value of A$16 billion ($11.3 billion). As part of the transaction, AB InBev said it would grant Asahi the rights to commercialize the portfolio of AB InBev’s global and international brands in Australia. The majority of the proceeds from the sale …
South Africa: PepsiCo to buy Pioneer Foods
PepsiCo, the global snacks and drinks giant, has announced that it has entered into an agreement to acquire all the shares of leading South African food manufacturer Pioneer Foods for approximately $1.7 billion. In a press release, PepsiCo described Pioneer Foods as having a “robust, locally relevant” product portfolio of cereals, juices and other African food staples, including well-known brands like Weet-Bix, Liqui-Fruit, Ceres, …
USA: Fresh Express to launch Chiquita-branded snack range
Fresh Express, the Chiquita-owned packaged salad firm, is expanding its on-the-go snack portfolio with the launch of fruit-based Chiquita Bites and Chiquita Sticks. The company said the new lines “make planning delicious and refreshing snacks for weekend getaways or school lunches a breeze”. Chiquita Bites is described as savoury snack packs featuring fresh fruit, cheese and nuts and containing at least 7g of protein. …
Consumers still nuts for coconut
Insight by Gama Compass MANCHESTER – 19th July 2019: Coconut – whether as an ingredient or flavour – is continuing to set the pace in the food and non-alcoholic drinks industries. This month’s Insight By Gama Compass examines how coconut has achieved ‘superstar’ status, assesses its penetration across different categories, and considers some of the trends driving its ongoing popularity. Brands across the globe are continuing …
Italy: Peroni invests €13 million in new bottling plant
Peroni, the Italian beer firm now owned by Asahi, has announced it has invested €13 million ($14.6 million) to open a new line at its bottling plant in the southern Italian city of Bari. The company said recent investments at the site had allowed it to surpass volumes of 1.8 million hectolitres in 2018, representing an increase of 5.7% on 2017. Commenting on the …
Switzerland: Nestle claims first with 70% dark chocolate “made only from cocoa fruit”
Consumer goods giant Nestle is claiming a world first with the creation of a 70% dark chocolate made entirely from the cocoa fruit, using the beans and pulp as the only ingredients. “Nestlé has developed a natural approach, which allows it to extract the pulp and use it in chocolate with no compromise on taste, texture and quality”, the company claimed in a statement. …
USA: Ampro Industries buys Keystone Laboratories brands
Ampro Industries, a US-based manufacturer of multicultural hair, skin, and personal care products, has announced the acquisition of several personal care brands from Keystone Laboratories, according to a Global Cosmetic Industry report . The products being acquired are said to include the conditioner Long Aid, Ultra Glow skin cream, Better Braids shampoo, Better Locks hair cream and K7 hair oil. Commenting on the deal, …
Spain: Belourthe acquires baby food business from Cerealto Siro
Belourthe, a Belgian based company specialized in the manufacturing of infant cereals, has announced it has reached an agreement to buy the baby food business of Cerealto Siro, a food multinational based in Madrid, Spain, for an undisclosed sum. The deal includes the Nutriceal brand of baby foods including cereals, purees and biscuits. Founded in 1974 (and owned until 2013 by the Nutricia / …
Netherlands: Jumbo acquires Agrimarkt chain
Jumbo, the Dutch grocery retailer, has announced it has agreed a deal to acquire the Agrimakt retail chain from the agricultural cooperative CZAV for an undisclosed sum. Agrimarkt operates a network of six stores in Goes, Middelharnis, Roosendaal, Vlissingen, Oud-Beijerland and Terneuzen in the south-western Netherlands, employing around 360 staff. Commenting on the proposed deal, CZAV general director Antoon van Vugt said: “Developments in …
Tariq Ahmed Al Wahedi, Chief Executive Officer,
Agthia Group
Gama spoke to Tariq Ahmed Al Wahedi, Chief Executive Officer, Agthia Group. What overarching trends do you expect to shape drinks and food innovation in 2020-21? “Consumers no longer accept products as they traditionally did – they want ‘value-added’ products that are convenient, healthier and benefit their lifestyles. Recent industry reports have shown that the increasing rate of obesity, diabetes and cardiovascular disease are …
UK: Ralex Brands buys Wow Drinks
Ralex Brands, which owns the aloe juice brand Simplee Aloe, has acquired fellow London-based drinks business Wow Drinks, for an undisclosed “seven-figure” sum, according to a report in Just Drinks. Founded in 2015, Wow Drinks markets a range of cold-pressed drinks labeled Nutrition, Restore and Balance. It is also launching a cannabidiol-enhanced peach tea and a product designed to improve cognitive function, advertised as the UK’s …
UK: Warburtons to close Newburn plant
Warburtons, the leading UK baking firm, has announced plans to close a plant at its Newburn bakery in Newcastle upon Tyne with the loss of up to 118 jobs, according to a report in the Evening Chronicle. Operational since 1989, the Newburn facility employs around 100 staff in its traditional bakery. It also has a separate ‘free from’ facility, which has made its gluten, dairy and milk …
USA: Campbell Soup to offload Kelsen Group
Campbell Soup, the leading US food manufacturer, has announced it has signed a definitive agreement to sell the Kelsen Group, a biscuit company that is part of the Campbell International business. to a Ferrero affiliated firm for $300 million. The company said the deal would enable it to reduce its debt burden, adding that the process is now underway to divest the remainder of Campbell International, including …
France: Colgate-Palmolive expands in premium skin care with Filorga buy
Colgate-Palmolive, the household and personal care giant, has announced it has signed an agreement to acquire the Filorga skin care business for an equity purchase price of €1.496 billion (approximately $1.690 billion). The US firm said the deal, which is expected to close in the third quarter of 2019, was part of its strategy to focus on its higher-margin oral care, personal care and pet …
China: Nissin plans new plant
Nissin, the instant noodle maker, has announced its plans to invest 180 million CYN ($26.19 million) to build a new production plant in Zhuhai, southern China, for the manufacturing of packaging materials. The company said the investment would facilitate its business growth and development in Hong Kong and the rest of China. The plant is due for completion by 2021. Commenting on the move …
UK: Unilever agrees to buy 75% of Romanian brand FruFru
Unilever, the consumer goods giant, has agreed a deal to acquire a 75% stake in the Romanian firm Good People, which markets a range of health-oriented food under the FruFru brand, according to reports in Just Food and the Romanian media. Founded in 2006, Good People is described as the first “fresh, healthy” food concept in Romania, offering a range of fruit and vegetable …
France: Johnson & Johnson launches concentrated shower gel
Johnson & Johnson, the leading personal care and pharmaceutical firm, is aiming to boost its environmental credentials with the launch of a concentrated shower gel in France as part of the Le Petit Marseillais range, according to an LSA report. Described as the first mass-market product of its kind in France, Le Petit Marseillais Concentrated Shower Gel is due for launch in August or September of this …
UK: Princes opens new pea processing plant
Princes, the preserved foods firm, has announced it has completed the first part of a planned £80 million ($100 million) investment in its Long Sutton site in Lincolnshire, UK with the opening of a new pea processing plant. Long Sutton is described as Princes’ largest food production site in the UK, producing a range of canned products including peas, pulses, beans, bean meals, fruits …
USA: Lactalis acquires Ehrmann’s US yoghurt division
Lactalis, the French dairy giant, has announced it has acquired Ehrmann Commonwealth Dairy, the US yoghurt business of German dairy firm Ehrmann. Ehrmann Commonwealth Dairy has two manufacturing facilities employing 250 people in the state of Arizona. The company makes and distributes yoghurt and other dairy products under the Green Mountain Creamery and Liebe brands, and also has a private label business. “The Ehrmann …
Australia: Intersnack acquires minority stake in Universal Robina division
Intersnack, the Germany based-snack giant, has acquired a 40% stake in Universal Robina’s Australia and New Zealand business URC Oceania, according to ESM and Inquirer.net reports. The partnership is intended to boost the two companies’ presence in the region’s snack food market. Intersnack will reportedly pay for the transaction through a combination of cash and shares in Yarra Valley Snack Foods, the company’s natural …
Israel: Froneri acquires Osem ice cream business
Froneri, the UK ice cream manufacturer formed by the merger of the Nestle and R&R ice cream business, has announced its expansion into Israel with the acquisition of Noga Ice Creams, owned by Nestle-owned business Osem, one of the largest food manufacturers and distributors in Israel. Noga markets ice cream under brands including La Cremeria, Extreme, Cookilida, Crunch and Gumigum. Commenting on the news, …
Denmark: Orkla sells Glyngore brand to Amanda Seafoods
Orkla, a leading supplier of branded consumer goods in Scandinavia, is selling its Glyngore canned fish business to Amanda Seafoods via its Danish subsidiary Orkla Foods Danmark for an undisclosed sum. Established in 1940, Glyngore is described as Denmark’s best-known herring and tuna brand and had net sales totalling 43 million DKK ($6.5 million) in 2018. Orkla said the aim of the sale was …
UK: PepsiCo and Lavazza join forces for coffee launch
PepsiCo, the US based drinks and snacks giant, is taking on rival Coca-Cola in the UK RTD coffee category, with the launch of a new brand range in partnership with coffee specialist Lavazza. The new “cappuccino” drink is advertised as an “intense espresso shot blended with white milk froth” and is described as featuring a blend of Lavazza coffee and milk. Tagged as having …
UK: AMC opens new Merseyside food factory
AMC, a Spanish manufacturer of juices and fresh foods, has announced it has opened a new plant-based production facility in Merseyside, according to reports in UK Investor Magazine and Asian Trader. The new purpose-built £11 million ($14 million) Skelmersdale factory will produce freshly squeezed juice and a variety of vegetable-based foods. According to Asian Trader, it is producing non-dairy yoghurt for Rebel Kitchen, and …
UK: Karro Food Group buys seafood firm Young’s
Karro Food Group, a leading UK pork processor owned by private equity firm CapVest has acquired UK seafood firm Young’s for an undisclosed sum, according to a FoodBev report. The new group will employ around 5,000 people across the UK and Ireland and will have annual sales of more than £1.2 billion ($1.51 billion) a year. Grimsby-based Young’s produces a range of fresh, frozen, …
France: L’Oreal in talks to acquire Mugler and Azzaro brands
L’Oreal, the French personal care company, has confirmed it has entered into exclusive negotiation with Clarins, a French skin care, cosmetics and perfume firm, with a view to acquiring the brands Mugler and Azzaro. Mugler and Azzaro are positioned as luxury fashion and toiletry brands with a range of male, female and unisex fragrances. Mugler was created by French fashion designer Thierry Mugler, while …
UK: Muller confirms closure of Foston dairy
Muller, the leading dairy firm and the UK’s largest milk supplier and distributor, has confirmed that it is to close its production facility in Foston, Derbyshire, with the loss of 223 jobs. In a press release, the company said the decision followed a 45-day statutory review of the its dairy network which examined factory utilisation against a backdrop of declining consumption of fresh milk …
USA: Amy’s Kitchen opens new plant in New York
Amy’s Kitchen, a maker of vegetarian foods based in Santa Rosa, CA, is set to open a new production facility in Goshen, NY, according to reports in Veg News and North Bay Business Journal. The current plans are for a 389,000 sq ft “environmentally efficient” facility that will create up to 680 jobs. It will produce items such as vegan pizzas, burritos, and pasta …
USA: Anheuser-Busch to acquire remaining stake in Babe Wine
Anheuser-Busch, the leading US brewer and AB InBev subsidiary, has announced it will take full control of wine company Babe Wine through its affiliate ZX Ventures, by buying the outstanding shares in the firm. Babe Wine was launched as Swish Beverage in 2016, with the aim of creating a “fun, inclusive and portable product”. According to Anheuser-Busch, Babe Wine’s portfolio of rose, pinot grigio …
UK: AG Barr launches “adult” soft drink brand St Clements
AG Barr, the UK-based soft drinks firm, is expanding its portfolio of “adult” soft drinks with the launch of the new St Clements fruit drinks brand, positioned as an alternative to alcohol. St Clements drinks are made from sparkling water and fruit juice concentrate, and are sold in 500ml bottles with a crown cap closure. Available in Apple & Pear and Raspberry & Blackberry …
Spain: Mahou San Miguel acquires craft brewer Brutus
Mahou San Miguel, the Spanish beer firm, has announced it has acquired a 70% stake in Madrid-based craft brewer Brutus for an undisclosed sum. The leading Spanish beermaker said Brutus would complement its portfolio and support its premiumisation strategy. Founded in 2015, Brutus is positioned as a “next generation” beer and has been rolled out in 350 “select” locations in major Spanish cities such …
Gama News – May / June 2019
The May / June 2019 edition of Gama News is now available. In this edition: o Industry Insight: Tariq Ahmed Al Wahedi, Agthia Group o Insight By Gama Compass: Consumers still nuts for coconut o Innovation Insight: Szent Water CLICK HERE to read it now.
Germany: Mars takes majority stake in Foodspring
Mars, the leading US food firm, has announced that it has signed a definitive agreement to acquire a significant majority stake in Foodspring, a direct-to-consumer targeted nutrition company based in Berlin, Germany. Foodspring will be incorporated within Mars Edge, a division of Mars focused on health and wellness. Foodspring is described as one of the largest and fastest growing targeted nutrition businesses in Europe, …
China: Suning.com to buy 80% stake in Carrefour China
Suning.com, China’s third largest e-commerce platform, is planning to buy an 80% stake in Carrefour’s Chinese business for 4.8 billion CNY ($698 million), according to a report in Bloomberg. The deal values Carrefour’s China unit at 0.2 times i