The latest innovation insight from Gama Compass MANCHESTER – 24th May 2018: For this month’s Innovation Insight, we take a look at a new launch bringing oats to the sweet spreads category in the guise of on-trend granola: Kween Granola Butter. Described by its makers as “spreadable gold”, Kween Granola Butter is an oat-based product seeking to compete for attention in the sweet spreads space alongside more traditional options such as …
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Brynwood Partners, the investment group that owns Cold Spring Brewing, has announced the complete acquisition of Carolina Beverage Group from SunTx Capital Partners. The deal, agreed for an undisclosed sum, includes three manufacturing facilities, a warehouse and a broad range of value-added production services. Carolina Beverage is a contract manufacturer that processes malt beverages, distilled spirits, energy drinks, teas, functional drinks and RTD beverages. On completion of the deal, the …
Keurig Green Mountain, the North American coffee giant, has announced the construction of a new facility for its K-Cup coffee capsules. The new plant, located in Moore, SC, USA, is projected to see an investment of $350 million and lead to the creation of 500 jobs. Keurig Green Mountain said that the facility would primarily house coffee roasting and packaging for the firm’s single-serve K-Cup pods, but would also have potential to support beverage …
Coca-Cola Beverages Africa, Africa’s largest bottling company, has opened a new juice line at its Nairobi facilities in Kenya. The result of an investment of 7 billion KES ($70 million), the new juice line will manufacture a range of products such as fruit juices, sports drinks, dairy fusions, juices with bits and iced tea. Coca-Cola Beverages Africa is the biggest Coca-Cola bottling partner on the African continent. Formed in 2016 …
AG Barr, the Scotland-based soft drinks firm, has announced the launch of a new range called Street Drinks to be marketed under its Rubicon brand. Promising “a whole new world of refreshment”, Rubicon Street Drinks are sasid to feature four unique flavours “inspired by authentic street drinks from some of the world’s hottest places”. The blends of still fruit juice, natural flavours and herbs are being sold in brightly coloured 330ml cans …
FrieslandCampina, the Dutch dairy giant, has announced that it has made an investment in the Ethiopian dairy firm Holland Dairy, in partnership with Veris Investments, an Amsterdam-based private equity firm. Veris Investments describes itself as an independent firm that “makes equity and mezzanine investments in companies and projects with activities in the food value chain in Sub-Saharan Africa”. FrieslandCampina said the deal would enable it to strenghten its export position in …
Kroger, the leading US supermarket business, has announced that it has sealed a partnership with UK grocery e-retailer Ocado in order to “accelerate Kroger’s creation of a seamless shopping experience for America’s families”. The firm said that the deal would bring the technology behind Ocado’s Smart Platform, which includes online ordering, automated fulfillment and home delivery capabilities, to the US for the first time. The deal will enable the company …
German snacks firm Internsack has announced the acquisition of UK crisp business Tyrrells from US confectioner Hershey for an undisclosed sum. The Tyrrells business includes a head office and two manufacturing sites in the UK, along with US manufacturing operations, the Aroma Snacks business in Germany and Yarra Valley Snack Foods in Australia. Hershey acquired Tyrrells as part of its purchase of the Amplify Snack Brands business, announced at the end …
FMCG giant Nestle has announced that it is intending to invest €40 million ($47 million) to upgrade its production capabilities in Portugal, with 80% of the amount to be invested this year. According to Terranova, the investment will be made in the next 18 to 20 months in two plants – one in Avanca in the central region of Portugal, and one in the northern city of Oporto – in …
FMCG giant Nestle has announced the launch of a cold brew coffee line under its coffee creamer brand Coffee-Mate. Coffee-Mate Natural Bliss cold brew coffee is said to be designed to bring the premium coffee shop experience to the consumer’s home or work. According to the manufacturer, the product is made with natural high quality and recognisable ingredients, containing 100% Arabica beans that are slowly steeped in cool water for …
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