Irish global nutrition group, Glanbia, has signed an agreement to acquire Florida-based SlimFast, a leading weight management and health & wellness brand, for $350 million. The deal also includes SlimFast’s sister company HNS. With a portfolio that includes ready-to-drink and ready-to-mix products as well as a new ‘Advanced Nutrition’ range which includes high-protein, high fibre, gluten free meal replacement shakes and smoothies, SlimFast delivered $212 million of net sales in …
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Miami-based Hispanic retailer Sodano’s has announced the launch of a robotic supermarket, after partnering with e-grocery solution Takeoff Technologies. The launch of the “the world’s first robotic supermarket” will occur next month, featuring cutting-edge technology that will allow customers to place orders on an online app and then the items will be carried out by Takeoff’s automated micro-fulfillment centre, assisted by Sedano’s associates. According to sources, the artificial intelligence robots …
Swiss manufacturer of chocolate and cocoa products Barry Callebaut has signed an agreement to acquire Inforum, a Russian manufacturer of chocolate, coatings and fillings, where financial terms were not disclosed. According to sources, the acquisition will help Barry Callebaut’s to expand its presence and production capacity in the Russian market, where the company operating in its facility of Chekhov since 2007. Founded in 1989, Inforum operates a facility in Kasimov …
US retailer Target announced the launch of Smartly, a new lower-priced private label of everyday items, with most products retailing at less than $2. According to a press release published by Target, the line consists of more than 70 SKUs of budget-friendly, effective and well-designed everyday products, such as hand soap, body lotion, household cleaners and razors. Mark Tritton, executive vice president and chief merchandising officer at Target, said: “Smartly …
Nestle (Malaysia) Berhad is to invest over MYR 100 million ($24 million) to expand its Chembong Milo production facility, as part of its strategy of investing as a key manufacturing hub for the Nestle Group. With the expansion, the Chembong facility will establish as the world’s biggest Milo manufacturing centre, with capacity to better meet growing local and export demand. “This move is an investment to further strengthen our Nestle …
Jacobs Douwe Egberts (JDE) has signed an agreement with Valedo Partners Fund II to acquire Sweden-based coffee business JOBmeal in Sweden & Finland for an undisclosed sum. According to company’s statement, JDE and JOBmeal are complementary businesses with similar culture, with the transaction, JOBmeal clients will have access to a wilder variety of coffee and tea such as Gevalia, Piazza D’Oro, L’Or and Pickwick. General Manager JDE Professional Nordics, George …
Japanese snack producer Calbee, through its subsidiary company in UK, has announced the acquisition of British savoury snack manufacturer Seabrook. Based in Bradford, Seabrook produces a range of crinkle cut, straight cut and lattice crisps, as well as low-calorie snacks. The brand’s crisps are available in sea salt and red wine vinegar, cream cheese and chives, and lamb and mint flavours. In a statement, the company said: “Through the acquisition …
Gama spoke to Nicolas Trenteseaux, Group Director, SIAL, ahead of the event’s 2018 Paris edition. What are your expectations for this edition of SIAL? It’s looking to be a great year for SIAL Paris! For the 2018 edition, 7,200 exhibitors from 110 different countries are expected to attend, along with 160,000 visitors from 194 countries. In 2016, 60% of our exhibitors declared they made 6 months of extra turnover thanks …
Maple Leaf Foods, a Canadian manufacturer of meat products, has announced the signing of a definitive agreement to acquire VIAU Foods, a Canadian leader in premium cooked and dry-cured meats. The purchase was set for $215 million, including $30 million in Maple Leaf stock, to be financed through a combination of cash-on-hand and drawings. VIAU produces a range of prepared meat products including Italian cooked meats, sausages, pizza toppings, shaved …
Manufacturer of healthy nutritional supplements Isoline has launched a functional drink that can be tailored to customer needs. Escalate drink is free from artificial colours or preservatives and is made by using natural fruit and herbal extracts like schisandra, ginseng, matcha tea, ginkgo biloba and guarana, sweetened with stevia, being described as ideal to support body regeneration after intense activity. The new product was developed in Czech Republic with professional …
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