Canada-based potato processor McCain has announced an investment of C$600 million (approx. $436.73 million) to double the size and workforce of its processing facility in Alberta. The investment will allow the company to create two new state-of-the-art production lines and achieve its commitments to cut greenhouse gas emissions, McCain said. “The development in Alberta marks our largest global investment in our 65-year history, totalling $600 million, while underscoring our commitment to the …
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BWG Foods, the Irish retail and consumer goods congolmerate, has announced plans to open 60 new Spar and Eurospar stores in Ireland over the next three years. In a press release, the company said it was investing €65 million ($68 million) in its retail network in response to strong sales growth for both brands, with revenues topping €1.6 billion ($1.7 million) in 2022. BWG Foods is now looking for suitable …
FMCG giant Nestle has announced plans to launch a new plant-based milk alternative in the US made from a blend of oat and broad (fava) beans. In a press release, the company said the new dairy alternative has strong nutritional value, with 5g of protein per serving and the benefits of amino acids. Claimed to have a mild, nutty taste and smooth texture, the drink will be available in both …
US-based retailer Amazon has announced that the company is closing eight of its Amazon Go physical convenience stores, according to a report in Supermarket News. The e-commerce giant has reportedly already closed two Amazon Go stores in Seattle, with plans to close two more in New York City and four in San Francisco by the start of April. “Like any physical retailer, we periodically assess our portfolio of stores and …
Spanish dairy firm Pascual has set up its first manufacturing unit in Africa, producing and marketing milk for the Angolan market. According to an article in Revista Inforetail, the move is part of company plans to nearly triple its international turnover over the next three years. Pascual is said to have been operating in Angola for more than 25 years via an export model and currently has market share of …
Gama spoke to Philippa Christer, event director, ahead of the latest edition of IFE, International Food & Drink Event. What are your expectations for this year’s IFE? I’m so excited for this year’s edition of IFE. There are so many new aspects of the show and additional features for visitors to explore. This year we’ve introduced the Startup Market for newly launched food & drink brands and the New Products Tasting …
Altria, the multinational tobacco firm, has announced a definitive agreement to acquire e-cigarette company NJOY Holding for about $2.75 billion in cash. NJOY is described as a leading brand of pod-based e-vapour products with 33,000 retail stores in the US. Commenting on the deal, Altria CEO Billy Gifford said: “We believe we can responsibly accelerate U.S. adult smoker and competitive adult vaper adoption of NJOY ACE in ways that NJOY …
Sweet Harvest Foods, the self-proclaimed leader in the US natural sweetener industry, has announced the acquisition of Sweet River Honey, a honey producer based in the state of Texas. In a press release, the firm said the acquisition would add hives and beekeeping experience to its portfolio and enable it to expand its operations. Ken Stickevers, CEO of Sweet Harvest Foods, commented: “Sweet Harvest Foods Holdings is deeply committed to …
UK-based dairy firm Pembrokeshire Creamery has announced that the company is investing in its first manufacturing facility, a milk processing site in Pembrokeshire Food Park, in the Welsh town of Haverfordwest. According to a Business Live report, the new milk-bottling facility is currently under construction and it is expected to create 80 jobs over the next three years. The firm will reportedly invest £17 million ($20.4 million) in the 3,000 …
FMCG giant Danone has announced plans to invest up to $65 million over the next two years to create a new bottle production line at its existing facility in Jacksonville, Florida, according to a Food Manufacturing Report. The investment aims to increase production of coffee and coffee creamer products under brands such as International Delight and SToK to meet consumer demand. The new production line is also intended to contribute …
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