CJ CheilJedDang (CJCJ), the leading South Korean food firm, has announced plans to build a new food manufacturing facility in Europe via an investments of 100 billion KRW ($72 million). CJCJ reported that it had already secured a site for its new European K-Food factory in Dunavarsany, Hungary. The plant, covering an area of 115,000 sq m, will be equipped with state-of-the-art automated production lines, and is expected to begin …
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Coca-Cola Europacific Partners (CCEP), the UK-based Coca-Cola bottler, has announced an investment of £42.3 million ($53.1 million) in its facility in Wakefield, UK. The investment is for a new automated storage retrieval system (ASRS) that will more than double current warehouse capacity to over 58,000 pallets, and reduce annual vehicle journeys by 18,500. In total, the facility has received £103 million ($129 million) in investment since 2019 to enhance efficiencies and allow …
South African consumer goods firm Tiger Brands has announced the sale of its Baby Wellbeing business in a deal valued at 605 million ZAR ($33.4 million), according to a Reuters report. The Baby Wellbeing business comprises baby toiletries under the Elizabeth Anne’s brand name and medicinal products including antacid Muthi Wenyoni, Telament colic drops, and skin cream Antipeol. The buyer, which is said to be one of the South African’s …
US food giant General Mills has announced that it has reached an agreement to acquire the Tiki Pets and Cloud Star food brands, part of investment firm’s NXMH’s Whitebridge Pet Brands business, for $1.45 billion. As part of the transaction, General Mills will take over two manufacturing facilities in Joplin (MO), while NXMH will retain the Whitebridge Pet Brands business and brands in Europe. Commenting on the deal, General Mills …
FMCG giant PepsiCo has reached an agreement to acquire the remaining 50% of Safra and Obela and take full ownership of both companies. PepsiCo said the move would allow it to accelerate innovation in fresh dips and spreads to meet growing consumer demand. Created between 2008 and 2012, Sabra and Obela are 50/50 joint ventures between PepsiCo and Strass Group to manufacture, distribute and sell refrigerated dips and spreads. Obela …
Food manufacturer Lancaster Colony has announced the acquisition of a sauce and dressing production facility in Atlanta from Winland Foods for an approximate price of $75 million. The plant extends to around 300,000 sq ft in total, including roughly 250,000 sq ft of manufacturing space. “We are very pleased to have reached an agreement to acquire this production facility as an important strategic addition to our manufacturing network”, commented CEO …
Electrolit, the Mexican sports drink firm, has announced plans to build a new $400 million manufacturing facility in the US state of Texas. The new 600,000 sq ft plant will be the company’s first US-based production facility and is expected to open by 2026. It is being constructed in response to “surging” demand driven by its partnership with Keurig Dr Pepper for sales and distribution and a rapidly growing retail …
Nestle, the Swiss consumer goods giant, has announce plans to spin-off its water and premium beverages business from 1st January 2025. “As part of the action plan to drive operational performance and unlock potential, Nestlé’s water and premium beverages activities will become a global standalone business under the leadership of Muriel Lienau, Head of Nestlé Waters Europe, as of January 1, 2025”, the company said in a statement. “This will …
Organic cocoa and guarana specialist Koawach has announced the launch of an energy drink which is claimed to be the world’s first caffeinated soft drink made with cocoa fruit juice. Koawach said it had collaborated with Koa, a Swiss-Ghanaian startup that specialises in upcycling cocoa fruit pulp, to create the beverage, which reportedly has 75mg of natural caffeine per can but less sugar than typical energy drinks. The range comes …
Nestle, the Swiss consumer goods giant, has announced an investment of $150 million to expand its frozen food facility in Gaffney, South Carolina. The investment will be used to install a new production line for single-serve frozen meals and upgrade automation and digital technology. Operating since 1980, the Gaffney plant produces frozen food for brands such as Stouffer’s and Lean Cuisine and is one of 112 facilities owned by the …
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