JBS owned Planterra Foods has announced the opening of a new 189,000-square-foot manufacturing facility in Denver. The new facility will increase Planterra’s production capacity of plant-based protein products, allowing the brand to reach new customers and retailers and it will generate 200 new jobs. “This is a huge milestone for Planterra Foods, and a dream come true to be manufacturing our OZO products here in our hometown of Denver,” said …
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Italian confectionery group Ferrero has announced the acquisition of remaining shares of the Ice Cream Factory Comaker and relevant group companies (ICFC). Ferrero initially acquired a controlling stake in ICFC in July 2019, to support its long-term strategic goals in the ice cream market. ICFC is a company specialised in private label ice creams distributing its product to several countries. According to the company’s statement, during the last two years, …
Supermarket chain Tesco Ireland has announced the acquisition of ten Joyce’s supermarkets based in Galway for an undisclosed sum. The acquisition is the first significant investment made by Tesco since it entered the Irish market in 1997 and it is part of its strategy to grow its store’s footprint bringing quality and value to more customers. The stores will be rebranded as Tesco stores throughout 2022 and they will sell …
Keto-friendly sauce and dressing company, Hungry Squirrel, has announced the opening of a new facility in Texas. The new facility will help the company to expand operations and serve the growing demand for keto-friendly all-natural products created for people with food limitations. Founder and CEO of Hungry Squirrel, Sandra DiCicco commented, “We are very excited to open our newest location in the great state of Texas for our Hungry Squirrel …
Philippines-based food and drink company Universal Robina Corporation (URC) has announced the acquisition of Munchy Food Industries for MYR 1.93 billion (approx. $453.8 million). Founded in 1991, Munchy Food Industries is a Malaysian- based biscuits manufacture with a wide portfolio of brands such as Munchy’s Cream Crackers, Lexus Cream Sandwich, Oat Krunch, Muzic Wafer, and Choc-O cookies, selling its product in over 50 countries worldwide. URC’s president and CEO, Irwin …
Gama spoke to Saeed Al Mansoori, Executive Director of Capital Events LLC at ADNEC Group, ahead of the 2021 edition of SIAL Middle East. What are your expectations for the 11th edition of SIAL Middle East? We are very much looking forward to the 11th edition of SIAL ME and welcoming people to ADNEC once again. The event is the perfect platform for both exhibitors and buyers …
US food giant General Mills has agreed to sell its European dough business to Cérélia, a global leader in ready-to-bake dough solutions. The transaction, which is expected to close by the end of fiscal 2022, includes General Mills branded and private label dough business in Germany, the UK, and Ireland, including the Knack & Back and Jus-Rol brands. According to a statement released by the company, the sale is part of …
Natural spring water company BlueTriton Brands has announced the completion of the acquisition of certain assets of Saratoga Spring Water Company (SSWC). Founded in 1872, Saratoga Spring Water Company bottles natural spring water from Saratoga Spring selling throughout the United States and internationally. “We are thrilled to welcome Saratoga Spring Water Company’s products into the BlueTriton family,” said Tony W. Lee, managing partner of One Rock Capital Partners, LLC and …
Mondelez International, the snack and confectionery multinational, has announced an investment of $122.5 million to expand supply chain operations during the next three years in Virginia. The investment will be used to expand the Richmond Biscuit Bakery by 68,000 square feet, enabling it to house a high-speech Oreo production line, and to open a sales fulfillment centre, which will create about 80 jobs. “We are excited about these further investments …
Australian global winemaking and distribution business Treasury Wine Estates has reached an agreement to acquire wine business Frank Family Vineyards for $315 million. Founded in 1992 by Rick Frank, the Frank Family Vineyards has a portfolio of sparkling award-winning luxury hand-crafted wines complementary to Treasury Wine Estates offering. The acquisition includes the Frank Family Tasting Room, the Benjamin Vineyard, and the S&J Vineyard. Ben Dollard, Treasury Americas President commented, “The …
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