Coca-Cola Consolidated, the leading independent US Coca-Cola bottler, has announced it has invested $90 million to expand its facility in Columbus (OH), significantly enhancing operations and workforce capacity. The upgraded warehouse will process over 16 million cases of product annually, supported by a semi-automated Vertique system that improves efficiency and working conditions. The expansion has created 35 jobs and will allow distribution across Ohio, …
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USA: Royal Canin opens $450 million pet food processing plant in Lewisburg
Royal Canin, a Mars affiliate, has announced the opening of its largest ever dry pet food factory in Lewisbur(OH) via a $450 million investment With a reported area of 450,000 sq ft, the new packaging centre is expected to produce enough dry pet food to feed four million pets every year. The site will also serve as a hub for the brand’s full regional dry …
India: Rasna acquires Jumpin drinks brand from Hershey
Rasna, a manufacturer of instant beverages, has announced the acquisition of soft drinks brand Jumpin to expand into India’s growing ready-to-drink (RTD) market. Launched by Godrej as India’s first drink in Tetra Pak cartons, and later acquired by Hershey, Jumpin was known for its non-carbonated beverages. It was withdrawn during the Covid-19 pandemic, after reaching annual revenues of almost 150 crore INR ($18 million). Commenting on …
USA: Chobani acquires Daily Harvest
Chobani, the leading US greek yoghurt firm, has announced the acquisition of Daily Harvest, a plant-based frozen smoothie and meals start-up, for an undisclosed amount. Founded in 2015, Daily Harvest is a New York-based company operates through a direct-to-consumer model, aiming to provide convenient, organic options rich in fruit and vegetables. Commenting on the move, Daily Harvest CEO Ricky Silver said: “I’m excited to share …
Nigeria: Mamuda Group invests $50 million in Ogun State
May 21, 2025
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Nigerian FMCG firm Mamuda Group has announced an investment of $50 million to expand in Ogun state. According to sources, the investment will happen in several phases. Starting in June, the company will begin work on a new facility for its subsidiary Mamuda Beverages, before investing in the group’s food subsidiary Mamuda Foods, agricultural subsidiary Mamuda Agro & Allied Products and Mamuda Care, its detergents and …
Brazil: Piracanjuba acquires dairy firm Natulact
Brazilian dairy firm Grupo Piracanjuba has announced the acquisition of Santa Barbara Industria e Comercio de Bens e Laticinios (Natulact), a dairy company from Brazil’s North East region. According to sources, the acquisition marks Piracanjuba’s debut in the North East, as the company seeks to expand its reach and competitiveness. Initially, cheese will continue to be produced at the factory under the Natulact name, …
USA: Kraft Heinz to invest $3 billion in modernising manufacturing sites
US food giant Kraft Heinz has announced plans to invest $3 billion to modernise its 30 existing manufacturing sites to strengthen operations and expand market reach. In an interview with Reuters, a company spokesperson said the upgrades were designed to make plants more efficient, helping reduce costs and potentially ease the impact of any import tariffs. The investment will also help the company to …
USA: Archer to open second meat snack manufacturing facility
US meat snack company Archer has announced the opening of a second production facility, nearly doubling its total manufacturing capacity. Located in the Vernon district of Los Angeles (CA), the plant will span an area of 140,000 sq ft and focus solely on meat stick production. An existing facility in San Bernardino (CA) will continue producing both jerky and meat sticks. Commenting on the move, Archer founder …
Tradeshow Insight: Natural & Organic Products Expo 2025
The Natural & Organic Products Expo (NOPEX) 2025, the UK’s premier trade event for sustainable and ethical brands, once again made ExCeL London its home this May as industry professionals engaged in another three days of trend-spotting and lively networking. Gama with Bee & You Reportedly responding to feedback from exhibitors and visitors, NOPEX transitioned to a Monday-Tuesday format for its 2025 outing, moving …
USA: Verde Valle Foods acquires A Dozen Cousins
Verde Valle Foods, a producer and distributor of rice, beans and ready meals in a pouch, has announced the acquisition of A Dozen Cousins, a brand focused on ready-to-eat dishes inspired by Creole, Caribbean, and Latin American traditions. Founded in 1967, Verde Valle is a third-generation family firm that owns leading brands such as Verde Valle, Isadora and Helena’s Hummus. Established in 2019, A …
USA: Kameda transfers ownership of Mary’s Gone Crackers to Dare Foods
Kameda Seika, a Japanese snack firm, has announced that it is divesting its US brand Mary’s Gone Crackers (MGC) to Rosseau Inc, a US subsidiary of Canadian food manufacturer Dare Foods, in a debt-equity swap. Founded in 2004, MGC offers organic, kosher, gluten-free and non-GMO crackers, available at grocery and speciality stores in both the United States and Canada. In statement, Kameda Seika said MGC had faced …
Switzerland: Lidl launches own brand for local produce.
Discount retailer Lidl has announced the launch of a new brand in Switzerland focusing on “quality” and local products. The Qualite Suisse (Swiss Quality) range has launched with fruit and vegetables, bread, meat, cheese, charcuterie and dairy products, with categories such as frozen food, iced tea, chocolate, flour, and sugar to be added in later stages. Commenting on the launch, Lidl Switzerland CEO Nicholas Pennanen …
Tradeshow Insight: The Vaper Expo 2025
Running for ten years, and advertised as Europe’s premier dedicated tradeshow for the e-cigarette category, The Vaper Expo UK 2025 returned to Birmingham’s National Exhibition Centre (NEC) this May for its latest outing. Overall, the expo attracted over 20,000 visitors and featured more than 500 brands across 300+ exhibitor stands, offering a comprehensive overview of the latest trends and innovations set to shape …
USA: Danone acquires majority stake in Kate Farms
Danone, the food and beverage multinational, has announced that it has entered into a definitive agreement to acquire a majority stake in Kate Farms, a US-based producer of plant-based, nutritional shakes and formulas for adults and children. Kate Farms shakes are described as containing organic pea protein, fibre and phytonutrients, with no artificial additives or any of the top nine allergens. Commenting on the …
UK: Allied Bakeries, Hovis in merger talks
Associated British Foods (ABF) has confirmed it is in discussions with private equity firm Endless, the owner of Hovis, regarding a possible merger with ABF’s Allied Bakeries business, according to a FoodBev report. In a statement, ABF noted that Allied Bakeries “continues to face a very challenging market”, adding: “We are evaluating strategic options against this backdrop and remain committed to increasing long-term shareholder value. …
UK: Arla breaks ground on Devon mozzarella plant
Arla, the UK’s largest dairy cooperative, has announced it has commenced work on a £179 million ($238 million) facility in Devon that will specialise in the manufacture of mozzarella cheese. As part of the initiative, the Taw Valley Creamery will undergo extensive upgrades, integrating new technology to enable the export of mozzarella for use in culinary applications. Fran Ball, VP of production for Arla Foods …
‘Soy waste’ inspires sustainable food launch
The latest innovation insight from Gama Compass MANCHESTER – 14th May 2025: As the issue of sustainable resource use becomes ever more firmly embedded in the consciousness of companies, policymakers and the public, so the question of food waste – at every stage of the supply chain – looms ever larger for brands and retailers. This month’s Innovation Insight spotlights one of the latest product …
Spain: Whitehole to acquire Embutidos Rios
Investment fund Whitehole has acquired Spanish black pudding maker Embutidos Rios with the aim of boosting its presence in the food sector. Founded in 1930, Embutidos Rios has a workforce of 85 and an annual turnover of more than €10 million ($11 million). Commenting on the deal, José Luis L Ríos, Embutidos Rios executive director said: “This collaboration provides us with the necessary tools to build a solid …
USA: Dr. Schar to expand New Jersey facility
Dr. Schar, a specialist in gluten free baked goods, has announced that the company is expanding its existing facility in Swedesboro (NJ). In a press release, the company said it was investing $28 million in the facility in order to improve product consistency, efficiency and overall baking, as well as higher quality office space. Commenting on the move, Jim Morris, general manager of Schar …
Belgium: Lidl to invest €122 million in new logistics centre
German retail chain Lidl has announced it is investing €122 million ($136 million) in a new logistic facility in Herentals, Belgium. At 43,000 sq m, the distribution centre is described as Lidl’s largest in Belgium to date, and from 2027 will supply supermarkets in the Antwerp area. In line with sustainability objectives, offices at the facility will be warmed using waste industrial heat, while solar panels will also …
China: Iceland Foods to open first Asia store
Iceland Foods, the specialist UK frozen food retailer, has announced plans to open its first store in China in partnership with BTG We Link. BTG We Link is a retail concept company that brings Western cuisine to the Chinese retail market. The partnership will allow customers in China to purchase Iceland Foods products via e-commerce platforms, as well as from a first store under …
Italy: Valeo Foods Group acquires Freddi Dolciaria
Leading European sweets and snacks producer Valeo Foods has announced the acquisition of Freddi Dolciaria, an Italian producer of sweet bakery products. Founded in 1949 and based in Castiglione delle Stiviere, Freddi Dolciaria produces pre-packaged sponge cakes and Swiss rolls and generates nearly €20 million ($22.2 million) in annual turnover. Commenting on the move, Valeo Foods Group CEO Ronald Kers said: “Freddi Dolciaria is a …
Belgium: Royal A-Ware to close Olympia plant in Pajottegem
Belgian dairy firm Olympia, a subsidiary of Royal A-Ware since 2022, has announced the closure of its dairy processing plant in Pajottegem. In a press release, Royal A-Ware’s said the plant’s installations and infrastructure require upgrades to meet current and future efficiency requirements, which the firm does not consider economically justifiable at the moment. “There has been a diligent search for ways to make Olympia profitable”, …
Australia: Bega to close Strathmerton operations
Bega, the Australian dairy firm, has announced plans to consolidate its Strathmerton cheese processing and packaging operations into its existing site at its Ridge Street facility in Bega. As a result of the changes, Bega expects A$30 million ($19.4 million) in annual savings from consolidation. It will also invest A$50 million ($32.4 million) in the Ridge Street facility to modernise cheese production and enhance capabilities. …
Brazil: JBS to invest in four Seara units in Santa Catarina
JBS, the global meat company, has announced plans to invest R$216 million ($37.6 million) in four units in the Brazilian state of Santa Catarina for its Seara business. Founded in 1956, Seara specialises in the manufacturing and sale of chicken, pork, processed foods and plant-based meat substitutes. This investment is intended for the upgrade and expansion of a pork processing site in Itapiranga, a …
Russia: Magnit takes controlling stake in Azbuka Vkusa
Magnit, a leading Russian retailer, has announced the acquisition of a controlling stake in Azbuka Vkusa, a premium grocery chain, through its subsidiary AO Tander. Azbuka Vkusa operates 171 stores across multiple formats, primarily in Moscow and Saint Petersburg, alongside an online delivery service and catering business. The acquisition also includes five production facilities, three distribution centres, and significant warehouse infrastructure. Post-acqusition, Magnit reportedly …
USA: Conagra Brands to sell Chef Boyardee to Hometown Food Company
Leading US food manufacturer Conagra Brands has announced it has entered into an agreement to sell Chef Boyardee, an ambient ready meals brand, to Hometown Food Company, a portfolio company of private equity Brynwood Partners, for $450 million. This transaction includes a manufacturing facility in Milton (PA) and a full range of shelf-stable operations and assets, excluding frozen frying pan meals that will be licensed …
Canada: Rustica Foods to build third production facility
Rustica Foods, a leading privately owned Canadian pizza producer, has announced plans to build a third production facility to expand its market reach. Founded in 2000, Rustica Foods is a producer of both fresh and frozen pizzas under the Rustica and Mia brands, and also manufactures for major private-label clients in Canada and beyond. It employs 500 staff and generates over C$100 million ($72 …
Portugal: Lactalis to acquire Queijos Tavares
Lactalis, the French dairy giant, has signed an agreement to acquire Queijos Tavares, a Portuguese producer of cow, sheep, and goat cheeses, from Crest Capital Partners. Founded in 1996, Queijos Tavares produces a variety of cheeses under brands such as Seia do Tavares, Serras de Penela, Damar, and Monte da Soalheira. The company is a key supplier to Portugal’s retail and hospitality sectors and …
South Africa: Coca-Cola Beverages Africa invests in Malawi
Coca-Cola Beverages Africa (CCBA), the Coca-Cola bottler, has invested $14.9 million in a new production line in the Malawian capital Lilongwe through its subsidiary Coca-Cola Beverages Malawi Limited (CCBM). This investment has reportedly boosted CCBM’s production capacity, enabling the bottling of Coca-Cola brand beverages and the Sobo brand on a single line. The system produces 19,200 bottles per hour, in sizes from 300ml to …
France: Pernod Ricard completes divestment of wine brands
Pernod Ricard, the wine and spirits major, has announces the successful divestment of strategic international wine brands to Australian Wine Holdco Limited (AWL), a consortium of global institutional investors and the owner of Accolade Wines. The divestment paves the way for the creation of a new global wine company under the name Vinarchy, and will also allows Pernod Ricard to focus on its premium international spirits and …
USA: Agristo to build $450 million potato plant in North Dakota
Agristo, a Belgium-based potato processor & Europe’s leading supplier of frozen potato products, has announced plans to build a $450 million potato processing plant in Grand Forks, in the US stated of North Dakota. The planned facility, intended to manufacture frozen potato products such as chips (fries) and hash browns, is set to be constructed on land that was previously earmarked for a corn …
Switzerland: Nestle to expand coffee factory in Vietnam
Global FMCG giant Nestle has announced an investment of 1,900 billion VND ($73.32 million) to expand its Tri An coffee facility in the southern Vietnamese province of Dong Nai. The spending commitment is part of a wider 4,300 billion VND ($165.4 million) investment strategy for the factory during the 2024-2025 period, aimed at boosting production capabilities and advancing technology. Commenting on the move, Nestle …
Germany: Rewe to invest $3.42 billion to expand Penny in Romania
German retailer Rewe has announced plans to invest €3 billion ($3.42 billion) to grow its store network in Romania, taking the total number of outlets from 417 to 1,000 by the year 2035. According to sources, the retailer plans to open 40 more stores and complete its fifth warehouse in Mihailești this year. It also intends to increase the availability of self-checkout machines, providing …
USA: Milo’s Tea opens fourth facility in South Carolina
Milo’s Tea, an Alabama-based firm that manufactures, distributes, markets and sells ice teas and lemonades throughout the USA, has announced the opening of a manufacturing and distribution facility in Spartanburg, South Carolina, via a $200 million investment. Milo’s Tea said it grown more than threefold over the past ten years, going from fewer than 50 to nearly 1,000 staff and scaling up from one to four …
‘Ultraprocessed’ fears driving shift in food & drink claims
Insight by Gama Compass MANCHESTER – 29th April 2025: Growing consumer aversion to ‘processed’ and ‘artificial’ foods is driving an uptick in launches touting claims such as “no additives” and “no artificial ingredients”, the latest Insight By Gama Compass discovers. An analysis of trends in global food and drink launches since 2013 reveals that consumer preference is instead coalescing around products that showcase simple formulations, identifiable ingredients …
India: Kandhari Global Beverages gets approval to acquire Coca-Cola bottling plant
Kandhari Global Beverages has received approval from the Competition Commission of India (CCI) to acquire a Coca-Cola bottling facility in northern Gujarat for 2,000 crore INR ($240 million). According to reports, the transaction supports Coca-Cola’s long-term goal of minimising its direct bottling footprint by placing regulatory compliance in the hands of Indian businesses and bottling partners. Kandhari Global Beverages is described as an authorised …
USA: Chobani to invest $1.2 billion in manufacturing capacity
Chobani, the Greek yoghurt specialist, has announced plans to invest $1.2 billion in upstate New York to build its third US dairy processing plant. The new plant, under construction on a 150-acre site, will cover 1.4 million sq ft and is expected to help Chobani drive innovation and meet growing demand. The site will have the capacity to generate over 1 billion lb (450 million …
India: Reliance Consumer Products to set up bottling plant in Bihar
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced plans to invest 1,000 crore INR ($117 million ) to set up a new bottling plant in Begusarai, in India’s Bihar state. The upcoming facility, covering 35 acres and developed by Campa Cola manufacturer and distributor EPIC Agro Product Ltd, is expected to serve as a central node for …
USA: Hershey inaugurates chocolate processing plant
Hershey, the US confectionery and snacks firm, has inaugurated a new chocolate processing facility, which stands as both its first fully integrated digital plant and the first manufacturing site added to its headquarters in more than 30 years. Situated on a 55-acre site next to the Hershey Technical Centre and the current Reese’s manufacturing plant, the newly-built 250,000 sq ft chocolate processing facility is …
India: ITC to acquire 24 Mantra Organic brand
ITC, the Indian conglomerate, has announced that it has entered into a share purchase agreement to acquire 100% of the shares of Sresta Natural Bioproducts (SNBPL), the company behind organic food and drink brand 24 Mantra Organic, for 472.5 crore INR ($56.7 million). SNBPL offers over 200 products from staples to juices and ready-to-cook foods, ITC said in a statement, adding that the company’s vertically …
UK: Iceland Foods to open warehouse in Warrington
Frozen food supermarket giant Iceland Foods has inaugurated a 500,000 sq ft warehouse in Warrington, UK, via a £100 million investment. The distribution hub is described as the company’s largest in the UK, with sections dedicated to ambient food, chilled products and frozen foods and a workforce of 750. The Warrington depot will deliver to more than 350 of Iceland’s stores, serving the North, the north …
Saudi Arabia: BRF announces investment in new plant
Brazilian food conglomerate BRF has announced it is investing $160 million in a new processed food plant in Jeddah, Saudi Arabia. In a press release, BRF said the new plant would have a production capacity of around 40,000 tonnes per year to begin with, but with potential for that to be doubled. It will initially serve the Saudi Arabian market, although goods may subsequently be exported to …
Spain: Persan to acquire Mibelle Group
European multinational home care and personal care company Persan has acquired Mibelle Group to create one of the world’s largest players in private label and contract manufacturing. The acquisition of the Mibelle Group therefore fits “perfectly” in Persan’s growth strategy, Mibelle Group said in a statement, adding that both companies complement each other in terms of expertise, technology, markets and production sites. The acquisition …
India: Godrej expands into pet food with Ninja brand launch
Godrej, one of India’s leading home and personal care companies, has announced its first foray into pet food with the launch of the Godrej Ninja brand. Backed by a 500 crore INR ($60 million) investment over five years, Godrej Ninja is a dry dog food developed at the Nadir Godrej Centre, featuring probiotics, prebiotics and polyphenols for gut and immune health. Commenting on the launch, Godrej Pet …
Germany: Harry-Brot to acquire Rewe subsidiary Glockenbrot
German bakery firm Harry-Brot has received approval from Germany’s national competition regulator to acquire Glockenbrot, a subsidiary of the retail group Rewe, as well as the company’s bakery in Bergkirchen, Bavaria. Glockenbrot, which has been owned by Rewe since 1986, operated bakeries in Bergkirchen and Frankfurt. Rewe shut the Frankfurt site before selling Bergkirchen to Harry-Brot. As part of the transaction, Harry-Brot will take …
Canada: Ferrero invests $445 million in facility expansion
Italian-based confectionery firm Ferrero has announced an investment of C$445 million ($320 million) to upgrade a production facility in Brantford, in the Canadian state of Ontario. According to sources, the expansion will aid in manufacturing new products, such as the recently-launched Ferrero Rocher chocolate squares. Nutella biscuits will also have a production line at the facility, their first outside Europe. The investment is part of …
Belgium: Cora to cease trading in 2026
Belgian supermarket chain Cora has announced the closure of all of its seven hypermarkets in Belgium by the end of 2026. According to sources, the company, which is part of the Louis Delhaize Group, took the decision due to a decline in purchasing power, the popularity of online shopping, foreign competition, and the decline of the hypermarket format. The retailer reportedly implemented a number of initiatives …
Colombia: Jeronimo Martins to acquire 75 Colsubsidio supermarkets
Portuguese retailer Jeronimo Martins has received approval from Colombia’s antitrust authority to acquire 75 Colsubsidio supermarkets to boost its presence in Colombia to more than 1,500 outlets. In November last year, Colsubsidio announced that it would close all 104 of its stores by December due to declining performance and increased competition. The newly acquired stores will gradually reopen under the Ara brand by summer …
UK: Muller to acquire Biotiful Gut Health
Muller, the UK’s largest milk supplier and distributor, has announced it has agreed to acquire kefir brand Biotiful Gut Health, as it seeks to establish a presence in the functional health yoghurt and drinks segment. Founded in 2012, Biotiful produces a range of kefir and natural gut health products. Commenting on the deal, Muller’s yogurt and desserts CEO Richard Williams said: “This is a …
USA: Post Holdings to close two facilities
US breakfast cereal maker Post Holdings has announced the closure of two if its Post Consumer Brands cereal manufacturing facilities in Cobourg, Canada and Sparks, in the US state of Nevada. The closures are required to reduce capacity in its cereal production network, the company said, noting approximately 300 employees will be affected. “The ready-to-eat cereal category continues to decline”, said Nicolas Catoggio, president and CEO of …
Germany: Arla to merge with DMK Group
International dairy company Arla has announced its intention to merge with DMK Group, Germany’s largest dairy cooperative . The merger will create the largest dairy cooperative in Europe with more than 12,000 farmers, ensuring “financial abilities to invest in the future of dairy”, the company said in a statement “The foundation of this partnership is formed by our shared values, and I am immensely …
Tradeshow Insight: UK Food & Drink Shows 2025
The 2025 UK Food & Drink Shows (Food & Drink Expo), held from 7th to 9th April at Birmingham’s NEC, once again offered industry professionals across the food, drink, hospitality, retail, and manufacturing sectors valuable insights into trends and innovations shaping the UK consumer goods sector. Gama and Bonny Bite In a bid to cater to the evolving needs of the market, this year’s …
Switzerland: Mondelez to invest in manufacturing facility
USA based snack and confectionery group Mondelez, has announced an investment of 65 million CHF ($80 million) to upgrade its Toblerone chocolate facility in Bern, Switzerland. The investment is being made in the location where Toblerone was founded in 1908, and where around 90% of Toblerone products sold worldwide are still manufactured. A production line that will expand capacity for chocolate manufacture is scheduled to …
USA: Cal-Maine Foods to acquire Echo Lake Foods
Egg producer and distributor Cal-Maine Foods has signed an agreement to acquire breakfast food manufacturer Echo Lake Foods for approximately $258 million. Echo Lake Foods produces, packages, markets and distributes ready-to-eat egg products and breakfast foods, including waffles, pancakes, scrambled eggs, frozen cooked omelettes, egg patties, toast and diced eggs. The acquisition will allow Cal-Maine Foods to expand its business into the value-added egg …
India: Nestle to set up factory in Odisha with $100 million investment
The Indian arm of Swiss consumer goods giant Nestle has announced that it has laid the foundation stone for a new factory in Odisha, with an investment of 900 crore INR ($108 million). This new facility, Nestle India’s tenth in the country, will focus on producing food items such as ready-to-eat meals and culinary aids. Commenting on the move, Nestle India chairman and managing director Suresh …
UK: Eurovo to acquire majority stake in Two Chicks
Italian egg producer Eurovo has announced the acquisition of a majority stake in UK-based liquid egg white brand Two Chicks for an undisclosed sum. Founded in 2007, Two Chicks is claimed to be the first company to launch liquid egg whites in UK retail. Eurovo supplies eggs and egg products to over 5,000 customers in more than 40 countries, reportedly generating approximately €1.25 billion …
Germany: Danone to close Ochsenfurt factory
Dairy giant Danone has announced that the company will be closing its dairy plant in Ochsenfurt, Germany, by Q4 2026. According to sources, the decision stems from a restructuring plan that the company has been carrying out in Germany Danone is said to have invested in the plant consistently for 15 years, including in 2019 when the firm upgraded the factory in a bid to improve …
USA: Diageo announces joint venture with Main Street Advisors
Alcoholic drinks giant Diageo has announced that the company has entered a strategic joint venture with investment and advisory firm Main Street Advisors involving the brands Ciroc Ultra-Premium Vodka and Lobos 1707 Tequila. In a press release, Diageo said it had exchanged majority ownership of Ciroc Ultra-Premium Vodka brand rights in North America for a majority ownership interest in Lobos 1707 brand rights globally. …
Australia: Mars Wrigley invests in factory expansion
Leading food multinational Mars Wrigley has announced an investment of A$6.5 million ($4.2 million) to increase production capacity for gums and mints at its factory in Asquith, Australia. According to sources, the investment includes a new production line and a circular-by-design packaging technology that is able to remove 13 tonnes of soft plastic per year. Production capacity Mars Wrigley Australia plant manager Daniel Firth said: “This …
USA: Hershey to acquire snack producer LesserEvil
The Hershey Company, the US confectionery and snacks firm, has announced that has entered into an agreement to acquire LesserEvil, a maker of organic snacks. “Investing in LesserEvil brings a multi-category, better-for-you snacks platform to extend our offerings into new categories and forms, reaching new consumers in more eating occasions,” said Hershey president and CEO Michele Buck. “This high-growth brand not only complements our …
USA: Anheuser-Busch to close facility in at New Hampshire craft brewery
Anheuser-Busch, US subsidiary of world-leading brewer AB InBev, has announced the closure of production at its craft brewery in the US state of New Hampshire. The 104,000 sq ft facility, operated by Craft Brew Alliance, produces beer for the Kona and Omission brands. “We understand the impact of this announcement on our people in Portsmouth, and we are committed to working with the local …
USA: Castillo Hermanos to acquire Harvest Hill Beverage Company
Castillo Hermanos, a diversified multinational business group, has announced that it has entered into a definitive agreement with private equity firm Brynwood Partners to acquire Harvest Hill Beverage Company, a leading USA-based beverage company. Harvest Hill was founded by Brynwood VII in July 2014 with the acquisition of Juicy Juice from Nestle USA. Its brand portfolio includes SunnyD, Fruit2O, Veryfine, Little HUG, Nutrament and …
Brazil: Lactalis to invest $50 million to boost production of cheese and butter
Lactalis, the French-based dairy giant, has announced plans to invest a further €46.2 million ($50 million) to increase cheese and butter production in the Brazilian city of Uberlandia, in the state of Minas Gerais. In a statement reported by Just Food, the company said that the investment would be used to establish a new prato cheese manufacturing unit and add an additional butter production …
USA: Marquez Brothers acquires YoGusto brand
Marquez Brothers, a leading Hispanic food producer, has announced that it reached an agreement to acquire Hato Potero Farms, the owner of YoGusto brand of dairy products Hato Potrero Farm Inc. is a family-run dairy manufacturer whose flagship YoGusto bramd offers drinkable yoghurts and other dairy products such as lactose-free milk, chocolate milk, sour cream and cheeses. Commenting on the move, Marquez Brothers CEO Gustavo …
Germany: Bonduelle sells packaged salad business
Bonduelle, the French vegetable processor, has announced the sale of its packaged salad business in Germany to Taylor Farms, effective 31st March “This divestment, aligned with the ‘Transform to Win’ plan revealed on August 29, marks a key milestone in enhancing the group’s operational profitability”, the firm said in a statement, noting it was also accelerating its growth in the European fresh delicatessen market and …
USA: Chobani to invest $500 million in Twin Falls plant expansion
Chobani, the Greek yoghurt specialist, has announced plans to invest $500 million to expand its plant in the city of Twin Falls (ID). The investment will reportedly bring over 500,000 sq ft of new space, with the expanded plant covering 1.6 million sq ft and housing 24 production lines, increasing productivity by 50%. The investment is described as the biggest in the company’s history. “Over …
USA: Dollar Tree to divest Family Dollar
Dollar Tree, the largest discount retailer in the US, has announced it has entered into an agreement to sell its Family Dollar business to Brigade Capital Management and Macellum Capital Management for $1 billion. Founded in 1953, Dollar Tree operated over 16,500 stores as of 1st February 2025, spanning 48 US states and five Canadian provinces. The stores trade under the names Dollar Tree, …
Mexico: Walmart to invest $6 billion
Walmart, the US supermarket giant, has announced an investment of over $6 billion in its Mexico operations for 2025. As part of this initiative, Walmart de Mexico plans to expand its presence by opening new stores under the Bodega Aurrera, Sam’s Club, Walmart Supercentre, and Walmart Express banners, creating approximately 5,500 direct jobs. These additions will complement the company’s existing footprint of more than 3,200 …
Germany: Nestle announces site closures
Nestle, the global consumer goods giant, has announced plans to close two plants in Germany as it looks to restructure its operations in the country. The company’s Neuss plant will shut in mid-2026 due to declining production volumes and overcapacity. The plant employs 145 people and produces Thomy oil, mayonnaise and mustard. Production will be relocated to other German and European sites, with external …
US: Global Eggs Acquires Hillandale Farms
Global Eggs, a Luxembourg-based egg conglomerate, has reached an agreement to acquire US egg producer Hillandale Farms for $1.1 billion, according to a Reuters report. Global Eggs was established last year and operates Brazil’s Granja Faria and Spain’s Grupo Hevo, acquiring the latter in November. Hillandale Farms, Grupo Hevo, and Granja Faria reportedly generated over $2 billion combined in revenue in 2024. Private equity fund BTG Pactual also plans …
USA: Conagra Brands to close Michigan plant
Conagra Brands, the leading US food manufacturer, has announced plans to close its pie filling plant in Fennville (MI), with the potential loss of 85 jobs, according to a Just Food report. The closure follows the shutdown of Conagra Brands’ Birds Eye frozen vegetables plant in Beaver Dam (WI), last April, which resulted in 252 workers being impacted. Commenting on the move, a company spokesperson …
USA: Bunge to sell European margarines and spreads business to Vandemoortele
Bunge, the leading agri-commodities business, has entered into an agreement to sell its European margarines and spreads business to Vandemoortele, a leading European manufacturer and seller of frozen baked goods and plant-based foods. Under the agreement, Vandemoortele will acquire Bunge’s margarines and spreads business in Germany, Finland, Poland and Hungary, together with its spreads and margarine manufacturing locations and a portfolio of 20 consumer …
Gama News – January-March 2025
The January-March 2025 edition of Gama News is now available. In this edition: o Industry Insight: Mohammed Alrahji, Rio Food Industries Factory o Insight by Gama Compass: Botanicals blossoming in food and drink o Tradeshow Insight: Gulfood 2025 o Tradeshow Insight: Lunch! North 2025 o Innovation Insight: Raw Hydrate Electrolyte Drink o Industry Insight: Giovanna Flor, Bauer o Tradeshow Insight: IFE 2025 o Look Ahead: Vinitaly 2025 o Look Ahead: TABEXPO 2025 o Look Ahead: London Wine Fair 2025 o Look Ahead: Vitafoods …
France: Isigny Sainte Mere to acquire La Maison du Biscuit
Isigny Sainte Mere, a French dairy cooperative manufacturing products such as cream, butter, cheese and infant formula, has announced that it has entered into exclusive negotiations to acquire 90% of the shares in local biscuit manufacturer La Maison du Biscuit. Founded in 1903, La Maison du Biscuit produces artisanal biscuits in Sortosville-en-Beaumont, in France’s Brittany region. The products are sold throughout France and online across …
USA: Philip Morris to relaunch heated tobacco system IQOS
Philip Morris International (PMI), the leading tobacco firm, has announced a relaunch of its heated tobacco brand IQOS in the US, with an initial roll out in the state of Texas. The IQOS device will be sold for $60, and the tobacco sticks to go along with it at $8. The relaunch is part of PMI’s reported plans to capture a 10% share of US tobacco …
Brazil: Lactalis to invest $55 million to expand dairy production
French based dairy major Lactalis has announced plans to invest R$313 million ($55 million) to expand operations in Brazil’s Parana state. In a statement, the company said the investment would support the establishment of a UHT milk production line at the Londrina facility and expansion of the Carambei plant, increasing its production capacity for yoghurts, fermented milk, dairy beverages and desserts. According to Lactalis …
USA: Bauducco breaks ground on Florida facility
Brazillian-based biscuit firm Bauducco Foods has announced that the company has broken ground on a new production and distribution facility in the US state of Florida. According to sources, the new 72-acre facility, involving an investment of $200 million, is located in Zephyrhills and will be developed in three stages. The first stage is expected to be finished by mid-2026 with 120 employees, whilst a …
South Korea: Nestle and Lotte Group to end Lotte-Nestle Korea joint venture
Nestle, the food and drink multinational, and South Korean food group Lotte Wellfood have agreed to end their Lotte-Nestle Korea joint venture by the first quarter of 2026. Initiated in June 2014, the Lotte-Nestle Korea partnership operates as a 50-50 joint venture, manufacturing and distributing Nescafe instant coffee, chocolate powder drinks, fruit powder drinks, pet food and culinary products across South Korea. Commenting on …
UK: Cereal Partners UK announces factory closure plans
Cereal Partners UK (CPUK), the Nestle and General Mills breakfast cereals joint venture, has announced plans to close its factory in Bromborough, UK with the loss of up to 300 jobs, ceasing production of private label cereals According to sources, the company is planning to consolidate operations at its site in Staverton, Wiltshire, investing £74 million ($95 million) to expand branded product capacity. CPUK&I said its factories were running …
Netherlands: Unilever to sell The Vegetarian Butcher to Vivera
Unilever, the multinational consumer goods giant, has announced that it has received a binding offer from plant-based company Vivera to acquire De Vegetarische Slager (The Vegetarian Butcher), a Netherlands-based meat substitutes firm. Founded in 2010, The Vegetarian Butcher expanded to 55 countries after Unilever acquired it in 2018. Commenting on the move, Unilever Foods president Heiko Schipper said: “I believe that The Vegetarian Butcher …
Japan: Meiji launches yoghurt boasting skin hydration, UV protection benefits
Meiji, the diversified Japanese food business, has announced the launch of Meiji W Skin Care Yogurt, a new dairy yoghurt that has been formulated to protect the skin from UV radiation, as well to maintain hydration and relieve skin dryness. According to Meiji, Meiji W Skin Care Yogurt combines SC-2 lactic acid bacteria (L. bulgaricus OLL1247 strain and S. thermophilus 3078 strain), collagen peptides, and …
USA: Lotus Bakeries partners with Froneri on ice cream launches
Belgian biscuit and cake manufacturer Lotus Bakeries has announced a licensing agreement with ice cream specialist Froneri to accelerate the growth of its Lotus Biscoff brand in the US ice cream market. The partnership is set to operate as a sub-licence under an agreement reached between Mondelez International and Lotus Bakeries in 2024 covering Biscoff cookie production in India and the launch of chocolate products with the “signature …
France: Carrefour to launch new store concept in Paris metro
French retailer Carrefour has announced the opening of 45 stores in Paris metro stations under the new banner Carrefour Proximite. According to sources, the Carrefour Proximite stores will range in size from 50 to 250 sq m and be opened as part of the Grand Paris Express metro expansion project. The new concept is said to offer a range of services and products targeted at both …
Tradeshow Look Ahead: Peggy Davies, PLMA – World of Private Label 2025
Gama spoke to Peggy Davies, PLMA President, ahead of the latest edition of PLMA – World of Private Label. What are your expectations for this edition of PLMA – World of Private Label? PLMA’s World of Private Label Trade Show in Amsterdam is the place to be if you are involved in private label, whether in manufacturing, procurement or retail. It is where business …
USA: PepsiCo to acquire prebiotic soda brand Poppi
FMCG giant PepsiCo has announced that the company has entered into a definitive agreement to acquire Poppi, a fast-growing prebiotic soda brand, for $1.95 billion. Poppi is made with fruit juice, apple cider vinegar, and prebiotics, with less than 5g of sugar per serving, and is available across the US in 14 flavours. Commenting on the move, PepsiCo Beverages US CEO Ram Krishnan said: …
France: Sicard sells factory to La Boulangere & Co
French-based brioche specialist Sicard has announced the sale of a factory in Saint-Jean-de-Beugne to bakery peer La Boulangere & Co. According to sources, the factory is an 3,000 sq m in size and sits on a 40,000 sq mt plot. Commenting on the decision, Sicard president Véronique Sicard said: “This partial sale is an essential step in ensuring the company’s sustainability and preserving jobs, …
Giovanna Flor, Chief Executive Officer
Bauer
Gama spoke to Giovanna Flor, Chief Executive Officer, Bauer. Read the full Industry Insight in the next issue of Gama News. What are the main trends that are expected to influence the food industry in Italy in 2025 and beyond? Modern consumers are focused on the quality of ingredients and healthy eating, but above all they have less time to spend in the …
Tradeshow Insight: IFE 2025
Read this Tradeshow Insight in the latest issue of Gama News. Offering its 30,000 visitors the opportunity to “immerse themselves in food and drink product discovery”, the latest edition of International Food Event, IFE once again proved to be a vibrant showcase of the biggest and brightest food and drink innovations from the UK and beyond. With ExCel in London’s Docklands playing host, IFE …
Australia: Entyce Food Ingredients acquires citrus juice brand Naked Rivals
Australian importer and manufacturer Entyce Food Ingredients has announced the acquisition of Naked Rivals, an Australian startup that produces “innovative and sustainable” citrus juice products. In a press release, Entyce Food Ingredients said Naked Rivals produces freshly squeezed lemon and lime juice, free from pits, peel and preservatives, sold in trays of “cubes” that are each said to contain the juice equivalent of half a lemon …
Tradeshow Look Ahead: Charlotte Tickle, Food & Drink Trends & Innovations 2025
Gama spoke to Charlotte Tickle, Production Director at Global Insight Conferences, ahead of the latest edition of Food & Drink Trends & Innovations. What are your expectations for this year’s Food & Drink Trends & Innovations? We’ve been running the Food & Drink Trends & Innovations conference for 11 years now – so while the trends come and go, the goal is always simple! …
Brazil: Unilever invests R$265 million in deodorant plant
Multinational FMCG firm Unilever has announced that the company is expanding its deodorant plant in Aguai, in Brazil’s Sao Paulo state, via an investment of R$265 million ($46.6 million). In a press release, the firm said it planned to add a new production line that will increase capacity by more than 30%. The new line will manufacture for Rexona, Dove, Axe and Suave, Unilever’s four primary …
Tradeshow Look Ahead: Hannah Tovey, London Wine Fair 2025
Gama spoke to Hannah Tovey, Head of London Wine Fair, ahead of the latest edition of the wine and spirits showcase. What are your expectations for this edition of The London Wine Fair? Which features would you particularly recommend to visitors? We are bringing spirits back to The Fair with a new feature area – “Signature Serve” – which will focus on premium spirits …
India: SLMG Beverages to invest in bottling facilities
SLMG Beverages, a subsidiary of Ladhani Group and the largest independent bottler of Coca-Cola in India, has announced plans to invest INR 8,000 crore ($919.6 million) to set up new bottling plants and expand existing facilities. As part of its expansion strategy, SLMG Beverages is investing 1,200 crore INR ($137.9 million) in a new plant in Buxar, in the state of Bihar, alongside a …
Mohammed Alrajhi, General Manager
Rio Food Industries Factory
Gama spoke to Mohammed Alrajhi, General Manager, Rio Food Industries Factory. Read the full Industry Insight in the next issue of Gama News. What are the key success factors in creating a health-oriented drinks brand? Success in building a leading health-oriented drinks brand relies on a well-balanced combination of quality, innovation and smart marketing strategies. First and foremost, the product must be based …
UK: Yeo Valley to acquire The Collective Dairy
Yeo Valley, a leading UK dairy firm, has announced plans to acquire New Zealand-based Epicurean Dairy and its brand The Collective to expand its premium yoghurt range. Founded in 1976, Yeo Valley is an independently-owned dairy producer, operating across five sites in Somerset and Devon and employing over 1,700 people. Commenting on the move, Yeo Valley chief executive Rob Sexton said: “The Collective brand is …
Tradeshow Look Ahead: Federico Bricolo, Vinitaly 2025
Gama spoke to Federico Bricolo, President of Veronafiere, ahead of the latest edition of Vinitaly. What are your expectations for this year’s Vinitaly? Vinitaly is the trade fair brand behind the international promotion of Italian wine. Consequently, we are looking forward to a dynamic and appealing Vinitaly that will meet the needs of our exhibitors. This is why we have worked hard on content …
Tradeshow Insight: Lunch! North 2025
Read this Tradeshow Insight in the latest issue of Gama News. March 2025 welcomed a fresh-faced entrant to the UK tradeshow scene, with food-to-go showcase Lunch! North marking its inaugural outing in the heart of Manchester’s bustling city centre. Gama with Katie Tyler, Lunch! North and Lunch! Event Director Cramming over 400 stands – and over 12,000 visitors – into the main hall of the Manchester …
UK: The Compleat Food Group acquires The Real Yorkshire Pudding Co
The Compleat Food Group, a diversified UK food business, has announced the acquisition of The Real Yorkshire Pudding Co, a leading supplier of chilled Yorkshire puddings, for an undisclosed sum. Founded in 1992, The Real Yorkshire Pudding Co is a leading supplier of own-label and branded chilled Yorkshire puddings and toad in the hole, with listings in all major UK retailers. Its turnover is …
Switzerland: Coop launches own brand products ‘made from byproducts’
Swiss retailer Coop has announced the launch of Nice to Save Food, a new brand lineup featuring products made from food “byproducts”. Flagship ingredients in the new brand range include okara, generated during the production of tofu and soya drinks, and oat bran, a by-product of oats and oat flour. Both of these ingredients are claimed to be nutritious and versatile, with a good taste profile. The …
US: Sycamore Partners strikes deal to acquire Walgreens Boots Alliance
Walgreens Boots Alliance (WBA), the global pharmacy chain, has announced that it has entered into a definitive agreement to be acquired by an entity affiliated with Sycamore Partners, a private equity firm specializing in retail, consumer, and distribution-related investments. “Leveraging WBA’s healthcare expertise and Sycamore’s established leadership in retail and consumer services, WBA will be better positioned to become the first choice for pharmacy, …
Spain: Nestle to invest €15 million in ‘eco-friendly’ packaging production
Nestle, the consumer goods giant, has announced it is investing €15 million ($16 million) at a plant in Girona, Spain to begin production of recyclable packaging for Nescafe instant coffee and Nescafe Dolce Gusto coffee capsules. The investment will enable the local production of refill bags for Nescafe instant coffee, ranging in size from 75g to 275g, which Nestle claims weigh 97% less than conventional glass …
Spain: Kraft Heinz invests €70 million to upgrade sauces factory
The Spanish division of Kraft Heinz, a producer of cooking and table sauces, has announced the completion of a €70 million upgrade to increase production capacity at its factory in La Rioja, Spain. The upgrade was completed a year and a half after breaking ground and is intended to enable the company to meet the growing demand for its range of sauces across Europe. Commenting on …
USA: Core Home acquires boba tea startup Bubluv
Core Home, a manufacturer of housewares and lifestyle products, has announced the acquisition of Bubluv, an Asian boba tea brand, to mark the company’s entry into the food and beverage industry. Described as being free from artificial ingredients, and low in calories and sugar, Bubluv’s flagship bubble tea is described as a shelf-stable drink with milk and fruit flavours. The product is made using loose-leaf tea with …
USA: Colavita broadens portfolio with Vitelli Foods acquisition
Colavita, a leader in premium Italian specialty foods, has announced the acquisition of Vitelli Foods, the owner of the Luigi Vitelli brand of pasta and canned tomatoes. In a statement, Colavita said the acquisition diversified its offerings and bolstered its position as the third-largest importer of Italian pasta in the US, as well as strengthening its presence in the tomato segment. Established in 1885, …
Japan: KKR to sell Seiyu supermarket chain to Trial Holding
Leading investment firm KKR has announced the sale of Japanese supermarket chain Seiyu to retail firm Trial Holding for ¥380 billion ($2.54 billion). Trial Holding is a distribution and retail business on the island of Kyushu with a network of stores offering “everyday essentials”. In 2021, KKR acquired a 65% majority stake in Seiyu from Walmart, followed by a 20% stake from Rakuten in 2023. …
Sweden: Salling Group to acquire Rimi Baltic from ICA Gruppen
Denmark’s largest retailer Salling Group has acquired Rimi Baltic, a retail chain active in the Baltic States, from Swedish grocery retailer ICA Gruppen for €1.3 billion ($1.4 billion), excluding debt. The deal, reportedly the largest in Salling Group’s history, is described as being in line with the ambitions of the company’s Aspire ’28 business strategy, which it launched last year. ICA Gruppen is a …
India: Adani Wilmar acquires GD Foods
India-based food firm Adani Wilmar has announced the acquisition of sauces and pickle maker GD Foods to expand its category footprint. Founded in 1984, GD Foods is a leader in tomato ketchup, sauces, jams, pickles, noodles, instant mixes, cereals, and essential cooking ingredients under the Tops brand. The brand operates in seven northern Indian states, supplying its products to more than 150,000 retail outlets. Commenting …
China: Danish Crown to shut processing plant in Pinghu
Denmark-based meat processor Danish Crown has announced the closure of its operations in Pinghu, near Shanghai in China. Danish Crown opened the factory in 2019 as part of the company’s expansion into China. However, after a strategic review, it has determined the facility has not met profitability expectations. Commenting on the move, Danish Crown Group CFO Anders Aakær Jensen said: “It is clear to …
Tradeshow Look Ahead: Julien Bonvallet, Vitafoods Europe 2025
Gama spoke to Julien Bonvallet, Group Brand Director, Informa Markets, ahead of the latest edition of Vitafoods Europe. Vitafoods has a new home in Barcelona this year. What was the rationale for bringing the event to Spain? After 26 hugely successful years in Geneva, we made the decision to move to our new home of Fira Barcelona, Gran Via for Vitafoods Europe 2025. The …
USA: Pladis to close Pennsylvania facility
The North American division of global snack firm Pladis has announced plans to close a facility in Mohnton (PA) as part of a restructuring of its manufacturing operations. Founded in 2016, Pladis North America operates as part of Pladis, which owns the Godiva, Flipz and Turtles brands. “This move enables us to focus our resources on our GODIVA plant in Reading, PA and our …
Tradeshow Insight: Gulfood 2025
Boasting “30 editions of F&B legacy”, Gulfood’s latest outing was a further opportunity for food and drinks industry professionals from the United Arab Emirates (UAE) and beyond to explore the latest trends and innovations impacting supermarket shelves across the Middle East region. Read this Tradeshow Insight in the latest issue of Gama News. Spread across 24 halls amid the ample showgrounds of the Dubai …
India: Purabi Dairy signs deal to double production capacity
The West Assam Milk Producers’ Co-operative Union Ltd (WAMUL), trading as Purabi Dairy, has signed a Memorandum of Understanding (MoU) with the National Dairy Development Board (NDDB) to double its production capacity. Described as the leading dairy brand in North East India, Purabi has a facility in Panjabari, Guwahati that processes 60,000 litres of milk daily in order to produce FSSAI-approved dairy products. As a …
USA: MNG Brands acquires WellBeing Brewing Company
MNG Brands, a manufacturer of drinks, supplements and skincare products and subsidiary of MNG 2005 Inc, has announced it has acquired WellBeing Brewing Company, a leader in the non-alcoholic beer market, to expand its wellness portfolio. Post-acquisition, WellBeing Brewing Company will introduce beverages infused with tetrahydrocannabinol (THC), broadening its range of functional wellness drinks. Commenting on the move, MNG 2005 Inc vice president Dafna …
Sweden: Lantmannen to acquire Lindvalls Chark
Scan Sverige, a subsidiary of agrifood cooperative Lantmannen, has announced it has signed an agreement to acquire Lindvalls Chark, a company specialising in sausages and charcuterie sourced from Swedish farms. Founded in 1925, Lindvalls Chark was previously part of the Norwegian Jordanes Group, having been acquired in 2017. The company has an annual turnover of approximately 400 million SEK ($38 million) and makes roughly 8,000 tonnes of …
UK: Tom Parker Creamery launches “relaxing” Bedtime Milk
Tom Parker Creamery, the UK dairy company, has announced the launch of a “category first” Bedtime Milk infused with natural botanicals to promote relaxation. Infused with calming ingredients such as chamomile, valerian root, lavender and magnolia extract, Tom Parker Creamery’s Bedtime Milk is a full-fat milk designed to promote restful sleep and is claimed to be suitable for adults as well children over 36 months. …
Poland: Biedronka to open first store in Slovakia
Polish retailer Biedronka has announced it is opening its first ever store in Slovakia this month, supported by a new distribution centre in Voderady. The new store in Miloslavov is expected to offer 3,400 product lines. It intends to source half of its fresh food from Slovak suppliers, with a long-term goal of stocking 40% Slovak products. A subsidiary of the Portuguese retail giant Jeronimo Martins, Biedronka operates …
USA: Coca-Cola forays into prebiotic sodas with Simply Pop launch
Coca-Cola, the soft drinks multinational, is making its first foray into prebiotic sodas with the launch of Simply Pop, a new brand line made with 6g of prebiotic fibre for gut health, as well as vitamin C and zinc for immune function. Claimed to contain 25-30% fruit juice from concentrate and to be free from added sugar, Simply Pop prebiotic soda will be sold in 12oz …
UK: Arla to invest in Lockerbie, close Settle site
Dairy firm Arla has announced plans to invest £90 million ($113 million) at its Lockerbie site in Scotland and consequently close another plant in Settle in North Yorkshire. In a press release, the company said the investment would be allocated to a Centre of Excellence for UHT and lactose-free milk, and comes on the back of £34 million ($43 million) announced for the Lockerbie site in …
USA: PepsiCo to close PopCorners plant
PepsiCo, the US-based food and drink business, has announced plans to close its PopCorners manufacturing plant in Liberty (NY), according to a Food Business News report. “This plant has played a vital role in producing our beloved PopCorners brand, but the pace of growth for this product line paired with broader industry pace of growth has made it difficult to sustain the site’s long-term …
USA: Everton acquires Eastern Tea
Italian tea company Everton, owned by Clessidra Private Equity, has acquired the US-based firm Eastern Tea, known for producing tea under the Bromley label as well as supplying private label brands. Headquartered in Tagliolo Monferrato, Everton generated approximately €45 million ($47 million) in revenue during its 2024 financial and has production facilities in Italy, India and Croatia. Everton reportedly controls its entire production process …
Tradeshow Look Ahead: Jake Nixon, TABEXPO 2025
Gama spoke to Jake Nixon, Director of Portfolio, QBE, ahead of the latest edition of TABEXPO. What are your expectations for this year’s TABEXPO? We are excited to mark 30 years since TABEXPO inception. It is invaluable to have all industry stakeholders together to expand their business and enhance their branding. We are proud to be an exhibition that has historically and continuously …
USA: Celsius Holdings announces $1.8 billion acquisition of Alani Nu
Celsius Holdings, the global drinks firm, has announced it has finalised a definitive agreement to acquire functional brand Alani Nu for $1.8 billion, inclusive of $150 million in tax assets. “This strategic transaction will merge two rapidly expanding brands within the U.S. energy drink market, creating a leading better-for-you and functional lifestyle platform that is poised to capitalize on the rising consumer preference for …
Australia: Colgate-Palmolive to acquire Care TopCo
FMCG giant Colgate-Palmolive has announced it has acquired Care TopCo, the owner of the Prime100 pet food brand, from private equity fund Quadrant PE for A$500 million ($317.5 million). Founded in 2014 in Melbourne, Prime100 offers both refrigerated and shelf‐stable products to pet speciality and other retailers across Australia, focusing on science‐based product lines and veterinary endorsement. Post acquisition, it will form part of Colgate-Palmolive’s Hill’s Pet Nutrition …
USA: Equity fund Ahimsa acquires plant-based pizza company Blackbird Foods
Plant-based private equity firm Ahimsa has acquired Blackbird Foods, a manufacturer of frozen vegan pizzas and wings, seitan and dairy-free cheese, according to a Just Food report. This is Ahimsa’s third acquisition since its founding last year with the purpose of backing and expanding plant-based food business operating in the US. The acquisition will reportedly allow Blackbird Foods to expand its business, enhance its manufacturing …
Japan: Suntory to invest in gin plant in Osaka
Suntory Spirits, the alcoholic unit of Suntory Group, has announced an investment of ¥6.5 billion yen ($42.8 million) in its production facility in Osaka, Japan. The spirits and liqueurs facility, where The Japanese Gin Roku is made, will expand production capacity to cater to rising demand, the company said in a statement. Most of the total investment is earmarked for the construction of the Osaka …
Uruguay: Lactalis acquires Granja Pocha
Lactalis, the French dairy giant, has announced the acquisition of Uruguay-based dairy company Granja Pocha, according to Just Food and Todo Lecheria reports. Post-acquisition, Lactalis’s facilities in Cardona will assist Granja Pocha with whey drying and surplus milk processing. Lactalis will also now process 120 million litres of milk annually in Uruguay, with two factories and two distribution centres. Founded in 1980 by Edgardo Villanueva, …
India: Carlsberg to invest $42 million in Mysuru brewery
The Indian arm of global beer giant Carlsberg has announced plans to invest 350 crore ($42 million) in its Mysuru brewery in Karnataka state. The allocated investment will be used to strengthen production capabilities by installing new can, glass bottle and keg lines. Commenting on the move, Carlsberg India managing director Nilesh Patel said: “Karnataka is a key market for Carlsberg India, and this …
Finland: Valeo Foods acquires Raisio’s plant protein business
Valeo Foods, the Irish food company, has announced that it is acquiring the plant protein business of Finnish food business Raisio. The deal, valued at €7 million ($7.28 million), includes production equipment at Raisio’s plant protein factory in Kauhava, Finland, as well as the Harkis and Beanit brands. Commenting on the deal, Valeo Foods senior vice president Kimmo Luoma said: “This business acquisition will …
Ireland: Lidl to invest €600 million in new stores, distribution centre
Lidl, the German retail giant, has announced that it will invest €600 million ($625 million) to open 35 new stores and a regional distribution centre in Ireland over the next five years. As a part of the programme, the retailer plans to open 12 stores over the next 12 months and invest €200 million ($208 million) in a new regional distribution centre in Cork …
South Africa: Pernod Ricard acquires Inverroche gin
Wine and spirits multinational Pernod Ricard has announced it has acquired Inverroche, a “luxury” gin brand hailing from South Africa, with distribution in 25 countries. In a press release, the company said it had concluded the acquisition of the shares it did not already own on 6th February. Commenting on the move, Sola Oke, managing director of Pernod Ricard Africa, said: “Africa is a market with …
India: Reliance Consumer Products acquires Velvette
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced the acquisition of personal care brand Velvette. Founded in 1980 as a brand of Sujatha Biotech, the Velvette brand is described as being the first to introduce PVC shampoo sachets. The brand’s manufacturing unit is in Kashipur, Uttarakhand. Commenting on the move, RCPL COO Ketan Mody said: “We are thrilled to …
Spain: Reina Group to acquire Vital Healthy Food
Reina Group, the Spanish retail and foodservice conglomerate has announced the acquisition of sandwich-maker Vital Healthy Food for an undisclosed sum. Founded in 1993 and headquartered in Manzanares, Ciudad Real, Vital Healthy Food offers filled brioche and empanadas in addition to its core sandwich range According to sources, the acquisition is intended to allow Reina to opening new avenues of business, enabling it to grow both national …
India: Bajaj Consumer Care acquires Vishal Personal Care
Bajaj Consumer Care, a leading Indian hair care manufacturer, has announced the acquisition of Vishal Personal Care, which operates under the Banjara’s hair and skincare brand, for 108.3 crore INR ($13 million). Founded in 1991 in Hyderabad, Banjara is known for its natural solutions with a product portfolio that includes facial kits, herbal powders, and shampoos and a retail presence in 70,000 cosmetics stores, supermarkets, pharmacies …
UK: Ferrero launches double-layer Tic Tac sweets
Ferrero, the global confectionery has launched Tic Tac Two, a twist on the brand’s traditional hard sweets and mints that feature dual flavour combinations in a double-sided format. Debuting this February, Tic Tac Two comes in the varieties Raspberry & Lemon, Strawberry & Lime, and Fresh & Mild Spearmint, and reportedly targets young adults. Commenting on the launch, a Ferrero spokesperson said: “This launch positions Tic …
USA: Aldi to sell 170 Winn-Dixie And Harveys stores
Aldi, the German retail giant, has announced the sale of 170 Winn-Dixie And Harveys supermarket stores in the US to C&S Wholesale Grocers, a consortium of private investors. Aldi bought 400 Winn-Dixie And Harveys grocery stores and 170 Winn-Dixie liquor stores in 2023 and plans to convert the remaining 220 Winn-Dixie And Harveys stores to the Aldi format to expand its store footprint in the …
UK: Meatly launches ‘world’s first’ cultivated pet food
Meatly, a UK-based cultivated meat company, has announced what it claims is the world’s first launch of cultivated pet food in collaboration with pet food brand The Pack. Chick Bites, which is being launched in Pets At Home stores from this February, is described as a blend of plant-based ingredients with Meatly’s cultivated chicken. Meatly chicken is produced from a single cell sample taken …
“Whole watermelon” stakes a claim in sports drinks
The latest innovation insight from Gama Compass MANCHESTER – 18th February 2025: In this month’s Innovation Insight, our attention turns to the sports drinks category and a new electrolyte drink from the UK that boasts the functional benefits of “whole watermelon” – Raw Hydrate Electrolyte Drink. Read this Innovation Insight in the next issue of Gama News. Promising “a surge of pure vitality”, Raw Hydrate Electrolyte …
Germany: Henkel to divest its retailer brands business in North America
Henkel, the Germany-based personal and household care giant, has announced it has entered into an agreement to sell its Retailer Brands business in North America to an affiliate of First Quality Enterprises, a manufacturer and distributor of hygiene, paper, and packaging products. Henkel said it deemed the Retailer Brands business non-core within the Consumer Brands unit due to restricted opportunities for synergy and its …
Brazil: Vinicola Aurora announces investment in manufacturing capability
Brazilian wine cooperative Vinicola Aurora has announced that the company is investing R$25 million in 2025 ($4.3 million) to modernise its production operations. According to sources, the new money comes on the back of R$130 million ($22.5 million) the company has invested in structural improvements over the last few years, including increasing Vinicola Aurora’s total storage capacity from 85 million litres in 2021 to 92 million …
Netherlands: Cloetta shelves manufacturing plant plans
Swedish confectionery firm Cloetta has announced it has shelved plans to build a new manufacturing plant in the Netherlands, citing “increased risk related with energy supply” and “issues with the permitting process”. In a press release, Cloetta said it had originally announced the greenfield project in 2022 but then put it on hold for reassessment last September. Commenting on the decision, Cloetta president and CEO …
France: Jay&Joy acquires Les Nouveaux Affineurs
Jay&Joy, a French company specialising in plant-based cheese alternatives, has announced it has acquired its peer Les Nouveaux Affineurs, as well as securing a €2 million ($2.1 million) funding round to support the deal. As part of the acquisition, Jay&Joy will take over a production site in Ivry-sur-Seine, doubling its capacity. It will join its existing portfolio of brands, such as Jean-Jacques and Janis, with those of Les …
Egypt: Coca-Cola HBC opens new production line
Coca-Cola Hellenic Bottling Company (Coca-Cola HBC), the Switzerland-based soft drinks bottler, has announced the opening of a new production line at its existing 82,000 sq m factory at Sadat City in Egypt. According to sources, the factory has an annual production capacity of 720 million litres and is the fastest and most advanced facility of its kind in the Middle East. The new production line, which is …
Canada: Walmart invests in stores and supply chain
Supermarket chain Walmart has just announced the investment of C$6.5 billion ($4.5 million) over the next five years to boost growth in Canada. In a press release, the firm said it planned to build dozens of stores all over Canada and five new supercentres in Ontario and Alberta by 2027. A Port Credit Walmart Supercentre is expected to open in the summer, followed by an …
Tradeshow Look Ahead: Enrico Zannini, Cosmoprof 2025
Gama spoke to Enrico Zannini, General Manager, BolognaFiere Cosmoprof, ahead of the latest edition of the beauty tradeshow. What are your expectations for this year’s Cosmoprof? After the excellent results of the last edition, with 248,500 visitors attending from 150 countries and 3,012 exhibitors, for the 2025 edition, scheduled for 20th to 23rd March, we expect growth in line with the event’s constant …
India: Amul to set up world’s largest curd plant in Kolkata
GCMMF, India’s biggest dairy cooperative, has announced plans to build the world’s largest curd manufacturing plant in Kolkata with an investment of 600 crore INR ($66 million). GCMMF, which sells dairy products under the Amul brand, is the world’s biggest farmer-owned dairy cooperative, with 3.6 million farmers in 18,600 Gujarat villages. It collects 30 million litres of milk daily through 18 unions and exports …
India: ITC acquires Prasuma to expand in frozen foods
ITC, the Indian conglomerate, has announced that it has entered into an agreement to acquire Prasuma, a leading player in frozen, chilled and ready to cook foods, over a period of three years. Prasuma is described as a specialist in Oriental cuisine offering a diverse range of over 170+ products under the Prasuma, Meatigo and Momo Kitchen brands. The Prasuma brand offers frozen products …
Netherlands: Migros sells SoFine tofu brand to New Originals
Migros, the leading Swiss retailer, has announced plans to sell its meat alternative brand SoFine to The New Originals Company, a leading European tofu producer. Founded in 1963, SoFine makes tofu and soy-based products and has a manufacturing site in Landgraaf, Netherlands. It specialises in organic, and GMO-free products under the SoFine and ProLaterre brands, as well as producing for private label brands. The …
USA: JM Smucker to offload Cloverhill and Big Texas brands to JTM Foods
US food and beverages manufacturer JM Smucker has announced that it has entered into an agreement to sell its Cloverhill and Big Texas bakery brands, as well as certain private-label products, to ready meals firm JTM Foods for $40 million. As part of the deal, relevant trademarks and licences, the company’s manufacturing facility in Chicago (IL), and approximately 400 employees will transfer with the …
USA: Molson Coors enters into partnership with Fever-Tree
Molson Coors, the US brewer, has announced it has secured exclusive rights to produce, market, sell, and distribute the Fever-Tree brand of tonics, ginger beers and mixers in the US as of February 2025. As part of the deal, Molson Coors will also acquire an 8.5% stake in Fever-Tree for $88.3 million, making it the company’s second-largest shareholder. Commenting on the deal, Molson Coors chief executive …
UK: Dean’s of Huntly to acquire Duncan’s of Deeside
UK-based bakery business Dean’s of Huntly has announced the acquisition of shortbread specialist Duncan’s of Deeside for an undisclosed sum, according to report in Just Food and British Baker The deal aims to increase Dean’s of Huntly’s market share in the premium shortbread sector. Commenting on the deal, Dean’s of Huntly managing director Bill Dean said: “By coming together, we are creating a stronger, more …
UK: Unilever to close ice cream facility in Bulgaria
Unilever, the multinational consumer goods giant, has announced plans to close its ice cream facility in Bulgaria and move part of the production to Romania. The closure comes after Unilever announced plans to spin off its ice-cream division, which generates nearly €8 billion ($8.3 billion) in annual sales, by the end of the year. “This move aims to facilitate production synergies and ensure sustainable development …
USA: Diageo unveils plans for Alabama manufacturing and warehousing facility
Alcoholic drinks giants Diageo has announced plans to open a new 360,000 sq ft manufacturing and warehousing facility in Montgomery, in the US state of Alabama. The $415 million facility will have a multi-million case annual production capacity for Diageo’s leading beverage alcohol brands, enhancing the North America supply chain and supporting future growth for exports, the company said in a statement. This plant, which will …
USA: Cargill to close turkey facility in Arkansas
Cargill, the global food and agribusiness firm, has announced the closure of its turkey processing plant in Springdale (AR), effective as of 1st August. Built in 1965, the Springdale plant produces fresh and frozen whole turkeys, bone-in turkey breasts and case-ready turkey products. “This was not an easy decision to make given the impact on the approximately 1,100 people who work there and local …
UK: Diageo offloads majority stake in Guinness Ghana Breweries
Diageo, the UK-based spirits farm, has announced it has sold its 80.4% shareholding in beermaker Guinness Ghana Breweries plc to French wine producer Castel Group. The company said it would retain ownership of the Guinness brand and other Diageo brands, but that these would be licensed to Guinness Ghana Breweries under a new long-term agreement. Diageo will also continue to oversee the brand and marketing …
India: Adani Wilmar starts operations at Haryana food processing plant
India-based food firm Adani Wilmar has started operations at its new food processing plant in Gohana, Haryana, with an initial shipment of 100 tonnes of rice. Spanning 85 acres and built with an investment of INR 1,298 crore ($149 million), the facility reportedly features advanced technology and is projected to produce 627,000 tons annually, including 200,000 tonnes of edible oils and 450,000 tonnes of other …
USA: Tiger Brands to sell minority stake in Empresas Carozzi
South African consumer goods firm Tiger Brands has announced plans to sell its minority stake in Empresas Carozzi, a Chilean food and drinks manufacturer, to Carozzi, which already has a 75.61% share in the company. Founded 126 years ago, Empresas Carozzi produces grains, confectionery, sauces, baked goods, beverages, ice cream, and pet food that are sold across Latin America. Tiger Brands first invested in the …
France: Carrefour and Lagardere to open 150 train station stores
SNCF Gares & Connexions, the French train station operator, has selected retail giant Carrefour and travel retail group Lagardere to open 150 food stores over the next five years, following a competitive tender process. The initiative falls under SNCF Gares & Connexions’ “Place de la Gare” programme, which aims to integrate community-focused services into urban centres. The retailers plan to open 30 stores per …
China: PepsiCo to build Quaker oats plant in Jiangsu
PepsiCo, the global snacks and drinks giant, has announced plans to build a Quaker Oats production facility in China in collaboration with Jiangsu Rilong Food. Involving an investment of 500 million CNY ($68.6 million), the plant will cover an area of 100,000 sq m and deliver up to 160,000 tonnes of cereal annually. Commenting on the move, Jiangsu Rilong Food chairman Chen Jiancong said: “Rilong has …
Brazil: JBS acquires 50% stake in egg specialist Mantiqueira
Global meat firm JBS has announced the acquisition of a 50% stake in egg specialist Mantiqueira, entering a new product category in the process. Mantiqueira currently has facilities in six Brazilian states but its products are available in ten more and also exported. Its brands include Happy Eggs and Fazenda da Toca. Commenting on the deal, JBS global CEO Gilberto Tomazoni said: “This investment is in …
France: Lidl opens “largest” logistics hub
Discount retailer Lidl has announced the opening of a new logistics hub in Ablis, southwest Paris, which is claimed to be the company’s largest anywhere in Europe. According to sources, the new facility will in a first stage serve Lidl’s 50 or so stores in the Paris region, while also having potential for further expansion. Reportedly taking seven years to construct, the facility encompasses …
UK: Rebel Kitchen to launch “world-first” camu camu berry shots
UK plant-based drink company Rebel Kitchen has announced the launch of what it claims to be the world’s first health shot made from the camu camu berry. Camu camu is described as a fruit native to the Amazon rainforest that contains 30 time more vitamin C per ml than an orange. The shots are said to be made from berries that are freshly frozen to preserve their nutritional properties. Available as …
USA: Ferrero acquires protein snack firm Power Crunch
Confectionery firm Ferrero has announced that it has entered into an agreement to acquire protein snack company Power Crunch from Bio-Nutritional Research Group. Founded in 1996, Power Crunch offers a variety of protein-enhanced products, including snack bars, whey protein powder, and protein crisps, a newly-launched alternative to crisps. Commenting on the move, Ferrero North America president & chief business officer Michael Lindsey said: “We’re thrilled to …
Botanicals blossoming in food and drink
Insight by Gama Compass MANCHESTER – 31st January 2025: Functional botanical ingredients such as flowers, berries and plant roots continue to blossom in the food and drink sector, the latest Insight By Gama Compass can reveal. This trend for botanicals ties into ongoing demand for wild, ancient and functional ingredients, pared back formulations and premium concepts, as well as complex and adventurous flavour combinations. Use of botanical …
UK: Bramble Foods acquires Whitakers Chocolates
Bramble Foods Group, a supplier of branded ambient foods, has announced the acquisition of Whitakers Chocolates, a confectionery firm based in the UK county of North Yorkshire. Founded in 2008 , Bramble Foods manufactures confectionery, traditional cakes, and preserves from headquarters in Market Harborough. Backed by investment firm LDC since 2022, the company’s aim is to continue to grow through strategic acquisitions.# Commenting on …
UK: Diageo finalizes agreement to sell Cacique rum brand to Bardinet
Diageo, the UK alcoholic beverages multinational, has announced it has finalized the sale of the rum brand Cacique to Bardinet, a major Spanish spirits company. Cacique is described as a Venezuelan rum brand with a 65-year heritage that is well-loved in Spain, in addition to its domestic market. Commenting on the sale, John Kennedy, Diageo president, Europe said: “The sale of Cacique reflects Diageo’s strategy of maintaining …
Australia: Nestle to invest A$30 million to upgrade KitKat factory
Nestle, the Swiss consumer goods giant, has announced an investment of A$30 million ($18.9 million) in digital technology and artificial intelligence (AI) at its Campbellfield factory in the Australian state of Victoria to upgrade manufacturing operations and support increased production capacity, especially for KitKat chocolate wafers. Commenting on the move, Nestle general manager confectionery Andrew Lawrey said: “Part of the investment is a new wafer …
India: Hatsun Agro acquires Milk Mantra
Hatsun Agro (HAP), a dairy products manufacturer, has announced the acquisition of Indian peer Milk Mantra for 233 crore INR ($27.5 million). Milk Mantra manufactures milk and dairy products under the Milky Moo brand, and has reportedly established a strong presence in the state of Odisha. The company’s turnover for the financial year 2023-24 was 276.42 crore INR ($33.17 million). In a stock exchange …
India: Hindustan Unilever acquires beauty brand Minimalist
Hindustan Unilever (HUL), the Indian arm of Anglo-Dutch multinational Unilever, has entered into a definitive agreement to acquire a 90.5% stake in beauty brand Minimalist for 2,955 crore INR ($354.6 million), with plans to acquire the remaining stake in two years. Founded in 2020, Minimalist is described as a rapidly growing digital-first beauty brand offering clinically tested skincare, haircare, and body care products. It …
Spain: Aldi to open 40 new stores in 2025
German discount retailer Aldi has announced plans to open 40 new stores in Spain in 2025 as part of ongoing expansion plans. According to sources, Aldi is looking to open new stories in Murcia and consolidate its presence in the Balearics and the Canary Islands, starting with a store opening at the end of January on the island of Lanzarote. Elsewhere, the remainder of the new stoires …
India: Reliance Consumer Products acquires SIL brand
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced the acquisition of SIL Foods, a packaged food brand, from hospitality firm Food Service India. SIL Foods, once James Smith & Co, is a leading Indian brand offering jams, mayonnaise, baked beans and more. It was acquired by Marico in 1993, then by Scandic Food India under Denmark’s Good …
Brazil: Coca-Cola FEMSA invests in new distribution centre
January 27, 2025
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Beverage firm Coca-Cola FEMSA has announced the opening of a new distribution centre in Bauru, in Brazil’s Sao Paulo stated. According to sources, the R$94 million ($15.7 million) distribution centre, is expected to expand the company’s delivery capacity by 30%. Inaugurated on 15th January 2025, the facility is a strategic milestone for the company’s operations in the interior of Sao Paulo, Coca-Cola FEMSA said. Silvio …
Netherlands: VE Partners to acquire Inproba
VE Partners, a Dutch private equity firm, has reached an agreement to acquire all shares of Inproba, the Netherlands-based oriental sauces and spices manufacturer. Founded in 1956 and headquartered in Baarn, Inproba is described as a leading European producer of private label products, known for its chilli sauces, sambal and ketjap, employing approximately 200 people. Commenting on the deal, Inproba managing director Jeroen Leinenga …
France: Carrefour to close operations in Oman, Jordan
Carrefour, the leading French supermarket chain, has ended operations in the Middle East state Oman after three decades operating in the country. The closure affects 13 hypermarkets and two supermarkets which now operate under the Hypermax name. “Effective from January 7, 2025, Carrefour operations will be discontinued in the Sultanate of Oman”, the company said in a statement. “On behalf of the Management and Staff, …
Czech Republic: Dr. Oetker to close production facility
Dr. Oetker, the Germany-based food multinational. has reportedly announced the closure of its sole manufacturing facility in the Czech Republic. In a statement, the company reportedly said that the factory, located in Kladno, was unsuited to modern production demands as there was no possibility for it to be expanded. Dr. Oetker will continue to supply the Czech Republic retail and foodservice industries from outside the country, in …
UK: Saputo to close North Yorkshire facility
Saputo UK, a division of Canadian dairy company Saputo, has announced the closure of its Kirkby Malzeard creamery in North Yorkshire with the potential loss of 80 jobs. Production will be relocated to another Saputo facility in Nuneaton, Warwickshire, where significant investment has reportedly been made to enhance efficiency and reduce costs. The Kirkby Malzeard cheesemaking facility was acquired in 2021 as part of Saputo’s purchase …
Egypt: Edita agrees deal to acquire 49% of Tuama Jebur Abbas
Edita, described as a leader in the Egyptian snack food market, has agreed to acquire a 49% staked in Tuama Jabur Abbas, a fellow snack food firm based in Iraq, for a total of $8 million USD. The partnership will establish Edita Iraq and also see Edita acquire two production lines for cakes, as well as one for biscuits. Edita said it aimed to leverage its …
India: Wagh Bakri Tea to set up manufacturing unit in Gujarat
Wagh Bakri Tea, an Indian tea company, has announced plans to invest 100 crore INR ($12 million) in a new facility in Dakor, Gujarat for the manufacture and storage of instant tea. The new facility is set to increase instant tea production by five times, from 3,000–4,000 packets daily, as well as expanding storage by 50%. Commenting on the move, Wagh Bakri Tea CEO Sanjay Singal …
USA: Calbee to open R&D centre in Caliornia
The US subsidiary of Japan-based food major Calbee has announced the opening of a new R&D innovation centre in Madera (CA). “Planned to help the company grow in double digits annually by accelerating innovation and product development, the facility will support the team in bringing Asian-flavored offerings to the mainstream marketplace and expanding Harvest Snaps’ presence as a better-for-you brand in the salty snack category”, …
India: Allana Consumer Products invests in frozen potato production
Allana Consumer Products Limited (ACPL) has announced an investment of 300 crore INR ($36 million) to set up facilities for the manufacture of French fries and frozen potatoes in North India and Gujarat. Founded in 1865, ACPL is described as a leader in the manufacture and export of food and drinks, including frozen and chilled meat, frozen and aseptic fruit pulps, coffee, cereals, and pet food. Commenting …
UK: The Nutriment Company acquires The Dog’s Butcher
The Nutriment Company (TNC), a Swedish natural pet food firm, has announced the acquisition of The Dog’s Butcher, a UK-based raw dog food brand, marking its first acquisition of 2025. Headquartered in Stockholm and owned by Nordic private equity firm Axcel, TNC supplies pet food, including raw diets, snacks, and supplements, through retail, online platforms and pet shops throughout Europe. Its brands includes AniForte, Barfgold, …
Brazil: Piracanjuba invests in new dairy production complex
Dairy group Piracanjuba has announced the investment of R$ 499 million ($81 million) in two factories in a dairy complex in Sao Jorge d’Oeste, in Brazil’s Parana state. According to sources, the unit will have the capacity to produce 1.2 million litres of milk per day, resulting in the production of protein concentrates and isolates (whey protein), lactose powder, mozzarella cheese and butter. In …
South Africa: Varun Beverages invests in BevCo, expands production
Varun Beverages, the PepsiCo bottler, has announced the investment of $48.2 million in its South African subsidiary BevCo. Varun Beverages finalised the acquisition of BevCo last year, and the company is now reportedly acquiring additional share capital of 2.42%. The decided to create two new production lines in Zimbabwe, one which is expected to produce 340 bottles of soft drinks per minute,and another projected to produce …
Germany: Unilever to sell Tomato al Gusto and Speciale al Gusto brands
Unilever, the multinational consumer goods giant, has announced plans to sell its Knorr pasta sauce brands Tomato al Gusto and Speciale al Gusto in Germany to Italian food firm Casalasco for an undisclosed sum. Casalasco is described as one of the main global operators in the production and processing of industrial tomatoes, managing the Pomì, Pomito, and De Rica brands and with a supply …
USA: Safety Shot to acquire Yerbae Brands
Safety Shot, a wellness and dietary supplement company, has announced that it has entered into an agreement to acquire Yerbae Brands, a plant-based energy drink firm. Founded in 2017, Yerbae Brands offers plant-based energy drinks based on yerba mate that are claimed to be zero calorie, zero sugar, non-GMO, vegan, kosher, keto-friendly, paleo-approved, gluten-free, and diabetic-friendly. Commenting on the deal, Safety Shot chairman John …
Canada: BioSteel to open first manufacturing facility
BioSteel, a Canadian sports drink and nutrition firm, has announced the opening of its first dedicated manufacturing facility, located in Windsor, Ontario. Founded in 2009 and acquired by Coachwood Group in 2023, BioSteel offers sports drinks, hydration mixes and protein powders for both consumers and professional athletes. According to sources, the manufacturing facility will manufacture powders and stick packs locally, with a capacity of 100 million …
USA: Nestle expands Vital Pursuit line with Max Pro frozen pizza
Nestle, the Swiss consumer goods giant, has announced the launch of Max Pro, a line of frozen pizza in the USA under the Vital Pursuit brand umbrella. The new pizzas contain 33g of protein and 17g of fibre per serving and are available in Cheese Lovers and Chicken Mozzarella varieties with a suggested retail price of $4.99. The Max Pro pizzas are an addition to …
Portugal: Sonae MC debuts ‘world’s largest’ autonomous supermarket
Sensei, a global leader in autonomous retail technology, has announced the introduction of “the world’s largest autonomous supermarket”, in partnership with Portugal’s leading grocery retailer Sonae MC. The 1,200 s m Continente Bom Dia store in Leiria is described as integrating computer vision, shelf sensors and real-time inventory tracking, in “a new customer experience with democratic entry, which simplified real-time basket checkout, discrepancy detection …
USA: Midas Foods Acquires JM Exotic Foods
Midas Foods, a sauces and seasonings maker, has announced the acquisition of JM Exotic Foods, a leader in spices, seasonings, and specialty foods. The company said the acquisition aligned with its strategy to establish a national manufacturing footprint and broaden its offerings to include retail packaging, shaker bottles, and more. JM Exotic Foods’ brand range includes Sure Shot Sid’s seasonings and marinades and the Caribbean-themed Mojo …
USA: Nestle launches “liquid espresso concentrate”
Nestle, the leading FMCG multinational, has announced it is increasing its portfolio in the US with the launch of a “liquid espresso concentrate” line. Promising consumers “the ultimate hack for customizing café-style iced espresso beverages at home”, the company claims its 100% Arabica espresso concentrate can be prepared without brewing or equipment, simply by pouring over ice and blending with water or milk. The new …
USA: Flowers Foods to acquire Simple Mills
Flower Foods, a US producer and marketer of packed bakery food, has announced the acquisition of Simple Mills, a bakery and snacks firm, for $795 million in cash. Founded in 2012, Simple Mills is a provider of health-oriented crackers, biscuits, cakes, snacks bars and baking mixes with operation in Chicago(IL) and Mill Valley (CA). After the transaction, Simple Mills will remain an independent subsidiary of …
USA: TreeHouse Foods completes acquisition of Harris Tea
TreeHouse Foods, a leading manufacturer and distributor of private-label foods and beverages, has announced it has completed its acquisition of Harris Tea for $205 million. The acquisition includes Harris Tea’s manufacturing facilities in Moorestown, New Jersey, and Marietta, Georgia, along with approximately 300 employees. Commenting on the deal, TreeHouse Foods chairman, CEO and president Steve Oakland said: “The acquisition of Harris Tea is a good …
USA: Wellful acquires Ancient Nutrition
Wellful, a supplements and weight-management business and a Kainos Capital portfolio company, has announced the acquisition of supplements firm Ancient Nutrition from equity funds VMG Partners and Hillhouse Investment. Founded in 2016, Ancient Nutrition has a product portfolio that includes protein and gut health supplements, vitamins & multivitamins, herbs, mushrooms, and greens. It is described as the fastest-growing vitamin, mineral, and supplement (VMS) category brand …
Australia: Woolworths seeks approval for Beak and Johnston acquisition
Woolworths, the Australian supermarket chain, has filed for clearance with New Zealand’s Commerce Commission to acquire Beak & Johnston subsidiaries Beak & Johnston NZ Pty Ltd (BJNZ), B&J City Kitchen Pty Ltd (BJCK) and Alors. Beak & Johnston is a manufacturer of chilled and frozen ready meals, soups and meat which are sold under brands such as Pitango, Ready Chef and Beak & Sons. BJCK …
Ireland: Mayfair acquires Pat the Baker, Irish Pride
Mayfair, a UK investment company, has acquired Irish bakery brands Pat the Baker and Irish Pride, according to a report in Just Food. The agreement was said to have been concluded through Ceres, Mayfai’sr holding company for its baked business, for an undisclosed fee. The two brands were previously owned by a company known as Azeda Unlimited. Pat the Baker and Irish Pride will join the Ceres …
Australia: Honest to Goodness acquires Pimp My Salad and Pimp My Snack brands
Honest to Goodness, an Australian health food manufacturer, has announced the acquisition of the Pimp My Salad and Pimp My Snack snacking brands from Komarov Food. Pimp My Snack offers health-oriented sweet and savoury snacks that are described as slow baked for a light and crunchy texture. Founded in Byron Bay, Pimp My Salad markets snacks, salad toppers, and vegan mayonnaise. Commenting on the move, Honest …
USA: Premium Brands buys three meat brands
Premium Brands, the speciality food business, has acquired meat companies NSP Quality Meats, Casa Di Bertacchi, and Italia Salami for a combined value of $66 million. The three companies together generate around $200 million in annual sales and are described as having facilities in strategic locations across the USA. Casa Di Bertacchi manufacturers both branded and private-label cooked meats, with facilities in New Jersey, while …
Netherlands: Ahold Delhaize aquires Profi Rom Food
Dutch retail conglomerate Ahold Delhaize has announced that it has completed the acquisition of Romanian supermarket Profi Rom Food (Profi) from private equity fund MidEuropa for €1.3 billion ($1.35 billion). The acquisition significantly expands Ahold Delhaize’s footprint in Romania, where the company operates nearly 1,000 stores under the Mega Image banner. Profi has a network of 1,700 supermarkets and convenience stores, and reported net sales of €2.7 billion ($2.81 billion) for …
India: Adani Enterprises Limited to exit Adani Wilmar joint venture
Adani Enterprises Limited (AEL). a holding company of the Adani conglomerate, has announced that it has entered into an agreement to sell its 44% stake in Adani Wilmar, an Indian FMCG joint venture, to Wilmar subsidiary Lence through Adani Commodities LLP, a wholly-owned subsidiary of AEL. Adani Wilmar, co-founded by AEL and Wilmar International in 1999, is India’s largest edible oils and food company. …
UK: Co-operative sets sights on 75 new stores in 2025
Co-operative, the UK retail group, has announced plans to open 75 new stores in 2025 to expand its footprint in convenience retail. Co-operative said the new openings would include both Co-op estate stores and Co-op franchise stores, while around 80 stores will also be refurbished over the course of the year. Commenting on the move, Co-operative managing director Matt Hood said: “We want everyone to …
USA: Hain Celestial opens new innovation centre
January 2, 2025
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US natural and organic products company Hain Celestial has announced the opening of an Innovation Experience Center (IEC) in Hoboken, New Jersey in a bid to further develop its food, drinks and personal care brands. The new centre, which features a 2,200 sq m working kitchen intended as “a hub for hands-on creativity and sensory exploration”, is designed to advance product innovation, conduct ingredient testing, ensure …
USA: Ziyad Brothers acquires Indo-European Foods
Ziyad Brothers, a provider of Middle Eastern and Mediterranean products and a portfolio company of Peak Rock Capital, has acquired Indo-European Foods (IEF), a US-based ethnic food business, from equity fund Corridor Capital for an undisclosed sum. Founded in 1966, IEF is described as a leading importer and distributor of specialty ethnic foods, offering a diverse portfolio of products, including Zergut spreads, Mediterranean grains, Eastern European …
Gama News – October-December 2024
The October-December 2024 edition of Gama News is now available. In this edition: o Industry Insight: Simón Fusté, Sigmna o Insight by Gama Compass: Dairy turning away from low fat claims, formulations o Gama Innovation Conference & Awards 2024 o Tradeshow Insight: SIAL 2024 o Innovation Insight: Protein Candy Sweets o Industry Insight: Tricia McNeilly, ötzibrew o Look Ahead: ISM 2025 o Look Ahead: Gulfood 2025 o Look Ahead: IFE 2025 CLICK HERE to read it now. …
Tricia McNeilly, Founder
ötzibrew
Gama spoke to Tricia McNeilly, Founder, ötzibrew. Read the full Industry Insight in the next issue of Gama News. What does it take to develop a successful FMCG brand? I believe that when you’re building a brand, that you really have to build it from passion, and you have to come from integrity. You have to come from your heart when you’re creating …
Tradeshow Look Ahead: Leana Salamah, Winter Fancy Food Show 2025
Gama spoke to Leana Salamah, SVP Marketing & Communications, Specialty Food Association, ahead of the latest edition of the Winter Fancy Food Show. What are your expectations for the 2025 edition of the Winter Fancy Food Show? We are all very excited for the 2025 Winter Show! The enhanced focus on emerging trends and new-to-market products will elevate the Show experience for our attendees …
Australia: Coca-Cola acquires FAB brand Billson’s
Coca-Cola, the soft drinks multinational, has announced it has entered into an agreement to acquire Billson’s, an Australia-based brand of flavoured alcohol beverages (FABs). The Billson’s product range includes “local market leaders” Vodka with Tangle, Vodka with Grape Burst and Vodka with Portello, the company said in a statement. “We are excited to add Billson’s to our portfolio of Australian brands,” commented Matthias Blume, Coca‑Cola vice …
Tradeshow Look Ahead: Mark Napier, Gulfood 2025
Gama spoke to Mark Napier, VP – Portfolio Growth Food & Hospitality, ahead of the latest edition of Gulfood. What are your expectations for this edition of Gulfood? Our 30th landmark edition is a significant milestone for us, and our loyal customers have been instrumental in building Gulfood into what it is today. We will honour the past, remain steadfast in our contributions and commitment …
Netherlands: Unilever to sell Unox and Zwan brands
Unilever, the multinational consumer goods giant, has announced that it has received a binding offer from Dutch food company Zwanenberg Food Group to acquire the soup and meat brands Unox and Zwan for an undisclosed sum. Launched in 1928 and 1937 respectively, the Zwan and Unox brands have been part of Unilever’s portfolio for nearly a century. In a statement, the company said it …
Netherlands: Paulig reaches deal to acquire Conimex from Unilever
Finland-based food company Paulig has announced that it is acquiring Asian foods brand Conimex from consumer goods giant Unilever to strengthen its presence in the Netherlands. Founded in 1932, Conimex is said to have a 100-strong product range that includes meal makers, prawn crackers, soups, sauces and seasonings, and 87% brand awareness domestically. Commenting on the move, Paulig CEO Rolf Ladau said: “We aim …
Tradeshow Look Ahead: Federico Dellafiore, IFE 2025
Gama spoke to Federico Dellafiore, event manager, ahead of the latest edition of IFE, International Food & Drink Event. What are your expectations for this edition of IFE? We’re hugely looking forward to the 2025 edition of IFE! As always, the show will be packed with new-to-market products and inspiring opportunities to hear from leaders in food & drink. In addition to innovative brands from …
Tradeshow Look Ahead: Marina Calheiros, Lisbon Food Affair 2025
Gama spoke to Marina Calheiros, Event Coordinator, ahead of the latest edition of Lisbon Food Affair. What are your expectations for Lisbon Food Affair 2025? In line with our growth and internationalisation objectives, LFA 2025 is aiming to consolidate itself as one of the leading international trade fairs in the food and beverage sector, with an increase in the number of foreign exhibitors and …
Singapore: Oatly to close manufacturing facility
Oatly, the Swedish firm behind the namesake dairy-alternative milk, has announced the closure of a production facility in Singapore as it seeks to lower operational costs in Asia. Following the closure of the facility, the Asia-Pacific region will be served by European facilities, making use of spare capacity within the Europe & International segment. The move is intended to support an “asset-light supply chain model”, …
Netherlands: FrieslandCampina to merge with Belgian peer Milcobel
Dutch dairy multinational FrieslandCampina and Belgian dairy cooperative Milcobel have announced their intention to merge with the aim of creating a leading dairy cooperative and company spanning the Benelux region. 2023 figures (excluding Milcobel’s Ysco business, which is in the process of being divested) suggest the combined organisation would achieve €14 billion ($14.56 billion) in pro forma revenue, operate across 30 countries, employ nearly …
USA: Paine Schwartz Partners acquires Promix
Paine Schwartz Partners, a private equity firm, has announced the acquisition of Promix, a nutrition and supplements business, Founded in 2014, Promix is known for producing a range of ‘clean’ nutritional products, including supplements, vitamins, meal replacements, and snacks, with a claim of ‘nothing artificial’. The company’s product range, including prebiotics, protein powders, bars, electrolytes, collagen, and creatine, are sold via the direct to …
Sweets join the ‘super-protein’ craze
The latest innovation insight from Gama Compass MANCHESTER – 17th December 2024: For our latest Innovation Insight, we return to the omnipresent trend for protein-forward product development, casting a glance at a launch seeking to turn sugar confectionery into a ‘high-fuel’ option – Protein Candy Sweets. Read this Innovation Insight in the next issue of Gama News. Newly launched to the market in North America, and …
India: Goyal Salt to invest $9.6 million to build new plant
Goyal Salt, a leader in natural salt production, has announced plans to invest 80 crore INR ($9.6 million) to set up a salt manufacturing facility in Gandhidham, near Kutch, in the state of Gujarat, India. The Gandhidham facility, spread across 12 acres, is intended to add production capacity of 450,000 tonnes and would supplement the 15-acre Nawa City plant, which produces 210,000 tonnes of …
Belgium: Vache Bleue Group and Flanders Food Production announce merger
Belgian cheese businesses Vache Bleue and Flanders Food Production (FFP) have announced they are to merge to form European Dairy Company, a new dairy powerhouse with a combined turnover of €500 million ($525 million). Founded in 1927, Vache Bleue specialises in private label and freshly packed cheeses. The company operates three production sites in Belgium, France, and Germany, with a brand portfolio that includes …
Canada: Furlani Foods to acquire Cole’s Quality Foods
Furlani Foods, a leading US producer of garlic breads, has announced the acquisition of its domestic peer Cole’s Quality Foods. Founded in 1943, Cole’s Quality Foods is described as having “brought” frozen garlic bread to North America and offers products such as Texas toast and breadsticks. The company operates production facilities in Muskegon (MI), and North Liberty (IA), and sells its branded products through …
Tradeshow Look Ahead: Sabine Schommer, ISM 2025
Gama spoke to Sabine Schommer, Director, ahead of the latest edition of ISM. What are your expectations for ISM 2025? We’re incredibly excited about the upcoming ISM! With 1,500 exhibitors from 70 countries, it’s set to be an amazing showcase of innovation and creativity in the confectionery and snack industries. What really sets this year apart is the strengthened partnership with ProSweets Cologne through …
Switzerland: Nestle to sell Egmont Honey brand
Nestle, the Swiss consumer goods giant, has announced the sale of its New Zealand based Egmont Honey brand to Huatai International, a Beijing-based private equity fund, after two years of ownership. Founded in 2008, Egmont Honey specialises in manuka honey and sustainable beekeeping practices, exporting its products to more than 20 countries. The move is described as being part of a wider strategy to …
Egypt: Monoprix to enter market
Monoprix, the French retailer owned by the Casino Group, has announced a partnership with convenience retailer TMT to enter the Egyptian market in 2025. “Monoprix will utilise its expertise in assortment management, store design, and customer experience, while TMT will take responsibility for operations management and adapting to market specifics”, the company said in a statement. Monoprix will offer a variety of fresh food, …
UK: Surya Foods acquires Karma Bites
Surya Foods, the leading UK world foods importer and supplier, has announced the acquisition of a majority stake in Karma Bites, a health snack brand. Karma Bites makes popped lotus seed snacks in Himalayan Pink Salt, Peri-Peri, Wasabi, Caramel, and Coconut & Vanilla flavours, white the range described as vegan, gluten-free, non-GMO, and free of refined sugars. Commenting on the deal, Surya Foods group …
Denmark: Dagrofa Group to invest in growth strategy
Dagrofa Group, the parent company of Spar Denmark, has announced its Gro ’27 strategy, a three-year growth plan that includes a 1.3 billion DKK ($182 million) investment in retail, food service, and logistics. Through Gro’27, Dagrofa plans to grow Dagrofa’s market share, achieve 600 million NOK ($182 million) in earnings by 2027, and position Meny as Denmark’s strongest grocery brand. Investments will go towards …
Simón Fusté, European Snacking Director
Sigma
Gama spoke to Simón Fusté, European Snacking Director, Sigma. Read the full Industry Insight in the next issue of Gama News. How is the Snackin’ For You range geared to meeting consumer needs? We have a number of basic pillars: first of all, what you see is what you get. So all our products contain up to seven ingredients, and no more. We avoid additives …
India: HCCB opens factory in Telangana
Hindustan Coca-Cola Beverages (HCCB), the Indian Coca-Cola subsidiary, has announced it has inaugurated a factory in Siddipet, in India’s Telangana state. The factory, spanning 49 acres, has a planned investment of 2,091 crore INR ($251 million), with 1,409 crore INR ($170 million) utilised in the initial phase. It is HCCB’s second manufacturing facility in Telangana, complementing the existing factory in Ameenpur, Sangareddy district. Commenting …
USA: Tyson to close facility in Kansas
Tyson Foods, the leading US meat firm, has announced the closure of a beef and pork facility in Emporia (KS) with the loss of over 800 jobs. The decision to shut the facility comes as the size of the US cattle herd has fallen to its smallest size in decades, raising the cost of buying livestock, Reuters reports. Since 2023, Tyson has closed a …
UK: SHS Group acquires Shandy Shack beer brand
SHS Group, the diversified consumer goods supplier, has announced the acquisition of Shandy Shack, a brand of “mid-strength” abv beer that specialises in flavoured products. Prior to the acquisition, the two companies had collaborated to create a raspberry lager using Bottlegreen cordial. Shandy Shack will join the existing SHS portfolio including brands such as Shloer, Bottlegreen, Rocks and WKD. Andy Morris-Jinks, managing director of …
USA: Constellation Brands agrees deal to sell Svedka brand to Sazerac
Leading alcoholic drinks company Constellation Brands has announced it has agreed to sell its Svedka vodka brand to peer Sazerac, with the deal expected to be completed in the next few months. Commenting on the move, Constellation Brands said its aim was to prioritise growing market sectors, with a focus on premium wine and craft spirits. “The actions we have taken over the past …
UK: Supreme plc acquires Typhoo tea brand from administrators
Supreme plc, the diversified consumer goods supplier, has announced the acquisition of the Typhoo tea brand from administration in a £10.2 million ($12.95 million) deal. Founded in 1903, Typhoo was the UK’s first pre-packaged tea brand but succumbed to administration in November as a result of falling sales and rising debts. As part of the acquisition, Supreme plc will acquire brands includeing QT, Lift, …
Poland: Toms Group to expand chocolate production
Toms, the Danish confectionery group, has announced a nine-figure investment plan to consolidate chocolate production in Nowa Sol, Poland, and licorice and sugar confectionery Helseholmen, Denmark. As part of the reorganisation, Toms said it was also planning to phase out its operations in Ballerup, Denmark, within the next three to ofour years. Founded in 1924, Toms Group presently manufactures around 30,000 tonnes of goods …
Brazil: Lactalis to invest $42 million in Minas Gerais dairy operations
French based dairy major Lactalis has announced plans to invest R$250 million ($41.7 million) to expand operations in Brazil’s Minas Gerais state. The company’s presence in Minas Gerais includes factories in Antonio Carlos, Pouso Alto, Sabara, Guanhaes, Para de Minas, Sete Lagoas, and Uberlandia, as well as logistics centres in Contagem and its administrative headquarters in Belo Horizonte. Commenting on the move, Lactalis Brazil …
UK: Unilever invests £40 million to consolidate condiment production
Unilever, the leading FMCG firm, has announced it has completed a £40 million ($51 million), five-year investment at its food factory in Burton, UK, as it seeks to consolidate manufacturing of its condiments range. In a statement, the company said the aim of the investment was to drive growth in its UK food business and develop supply chain efficiency. The investment includes a second …
UAE: Heineken inks deal on ‘Middle East’s largest brewery’
Heineken, the leader global brewer, has agree a joint venture with consultancy firms Sirocco and Mercantile International to manufacture beer in the United Arab Emirates, according to a FoodBev report. Located in Dubai, the brewery will reportedly be the largest in the Middle East region and will produce beer for brands such as Heineken, Kingfisher, Amstel and Birra Moretti. Up to 190 workers will …
South Africa: PepsiCo invests $41 million in snack factory
PepsiCo, the global snacks and drinks giant, has announced the company has invested 746 million ZAR ($41 million) to add a new state-of-the-art potato crisp production line to its factory in Johannesburg, South Africa. The new line is intended to ease the burden on PepsiCo’s existing four potato crisp lines across in South Africa, all of which are said to be operating at high capacity. The Isando plant …
Dairy turning away from low fat claims, formulations
Insight by Gama Compass MANCHESTER – 3rd December 2024: Low fat claims and formulations have been declining in new dairy products over recent years, the latest insights from Gama Compass can reveal, highlighting that the trend towards ‘better-for-you’ options in food and drinks, although undoubtedly significant, is far from universal or one-dimensional. While ‘health’ continues to grab the headlines as a food and drink industry megatrend, more …
Canada: Prime Drink Group agrees to acquire Beach Day Every Day
Prime Drink Group, a Canadian company that markets beer and spirits brands, has announced it has signed a letter of intent to acquire all the issued and outstanding common shares of Prime Capital Investments Inc, the Quebec-based company that owns the Beach Day Every Day malt beverage brand. Beach Day Every Day is a canned flavoured alcoholic beverage (FAB) with natural flavours and 5% alcohol …
UK: Tesco to expand convenience store network
Tesco, the UK’s leading supermarket retailer, has announced plans to expand its convenience store footprint with the opening of 150 new Tesco Express outlets over the next three years. The new openings are set to create 2,000 jobs and build on the existing Tesco Express network, which currently numbers over 2,700 stores. To mark the 30th anniversary of the Tesco Express chain, the retailer …
Nigeria: JBS announces $2.5 billion investment
JBS, the global meat company, has announced plans to invest $2.5 billion in Nigeria over the next five years to built one pork, two beef and three poultry meatpacking facilities. The company said the project would focus on promoting sustainable agricultural practices , similar to similar initiatives in other regions Commenting on the move, JBS Global CEO Gilberto Tomazoni said: “Our experience in regions where …
South Korea: CJ CheilJedang to build new factory in Hungary
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 …
UK: Coca-Cola Europacific Partners to invest £42.3 million in Wakefield facility
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 …
South Africa: Tiger Brands to sell Baby Wellbeing business
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 …
USA: General Mills to acquire pet food brands Tiki Pets and Cloud Star
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. …
USA: PepsiCo to acquire full ownership of Sabra and Obela
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 …
USA: Lancaster Colony to acquire Winland Foods facility
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 …
USA: Electrolit announces $400 million manufacturing facility
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 …
Switzerland: Nestle to spin off water and premium beverages business
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 …
Germany: Koawach launches “cocoa juice” energy drink
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 …
USA: Nestle to invest $150 million in frozen food plant
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 …
USA: Lolli & Pops acquires Hammond’s Candies
Lolli & Pops, a portfolio company of private equity firm TerraMar Capital, has announced the acquisition of US-based confectionery producer Hammond’s Candies for an undisclosed sum. Founded in 1920, Hammond’s manufactures handcrafted candy canes, lollipops, and other classic sweet treats. Lolli & Pops is a leading retailer of chocolates and other unique sweets from around the world. Commenting on the move, Lolli & Pops …
Australia: Arnott’s acquires Mother Earth, Flemings and VP brands
Arnott’s, the Australian biscuit and cracker firm, has announced the acquisition of New Zealand food brands Mother Earth, Flemings, and VP Brands from Prolife Foods to expand its snacking portfolio. Mother Earth is described as a brand of muesli bars and baked slices with a growing presence in Australia. Flemings and VP offer bars, nuts and snack mixes in the New Zealand market. Commenting …
India: SuperYou launches ‘India-first’ protein wafer bar
SuperYou, a protein food and supplements brand, has announced the launch of what it claims is India’s first protein wafer bar. The product reportedly employs fermented yeast protein technology to offer a nutritious snack that is free from added sugar and contains 10g of protein and 3g of fibre per bar. Flavours available include chocolate, choco-peanut butter, strawberry creme and cheese. Commenting on the …
UK: Samworth Brothers puts Soreen brand up for sale
Samworth Brothers, a leading UK supplier of chilled and ambient foods, is seeking a buyer for its Soreen cakes business, according to reports in Grocery Gazette and The Grocer. Founded in Manchester in the 1930s, Soreen is especially known for its flagship malt loaf, which is marketed as a low fat option with 43% sugar than the average. More recently, the Soreen portfolio has expanded …
India: Agro Tech Foods to acquire Del Monte Foods
Agro Tech Foods (ATFL), a confectionery and snacks firm backed by private equity firm Samara Capital, has announced it has entered into an agreement to acquire Del Monte Foods in a 1,300 crore INR ($156 million) share swap deal with Bharti Enterprises and Del Monte Pacific. Following the acquisition, Del Monte Foods will become a wholly owned subsidiary of Agro Tech. Bharti Enterprises will …
USA: Lactalis announces $55 million investment to increase feta production
Lactalis, the French dairy giant, has announced plans to invest $55 million at a plant in Tulare (CA) to increase feta cheese production. This investment will be used to build a 38,000 sq ft production line, creating 20 full-time jobs. Commenting on the investment, Lactalis USA chief executive officer Esteve Torrens said: “We are expanding to increase our cheese production capacity at our facility. …
Australia: Instacart and Coles to launch ‘smart trolleys’
Instacart, the US grocery technology company, and Coles, the Australian supermarket retailer, have announced a partnership to bring Caper Carts ‘smart trolleys’ to the Asia Pacific region for the first time, expanding their presence beyond North America. Caper Carts, which will launch in Australia in early 2025, are described as being equipped with artificial intelligence (AI) systems, cameras, and a built-in scale which work together to …
Netherlands: Heineken to invest €45 million in new R&D centre
Heineken, the Dutch beermaker, has announced an investment of €45 million ($47 million) to build the Dr. H.P. Heineken Centre, a global research & development centre in Zoeterwoude, Netherlands. Named after Henry Pierre Heineken, a doctor of chemistry and first successor to Heineken founder Gerard Adriaan Heineken, the new facility will be 8,800 sqm in size and start operating by mid-2025. It will focus on …
USA: Lakeview Farms to acquire Noosa yoghurt brand
Lakeview Farms, a leading manufacturer of dips, desserts, and specialty products, has announced the acquisition of the Noosa yoghurt brand from Campbell Soup. Noosa is a manufacturer of premium-positionined, “Aussie-style” cheesecake bites and yoghurt ice cream that are claimed to be known for their rich, creamy texture and unique flavours. “We are excited to welcome the noosa yoghurt brand and team to the Lakeview …
Japan: Meiji launches biscuits with “cacao granules”
Meiji, the Japanese food and pharmaceutical firm, has announced the launch of Well Cacao Spicy Crisp, sweet spiced biscuits made with the company’s “cacao granules” ingredient. Meiji cacao granules are described as a form of cocoa nibs made from cacao beans fermented under controlled conditions to reduce astringency, using a unique process that preserves nutrients like polyphenols and lipids. The new product featured a …
UK: Kepak acquires Summit Foods
Kepak, the Irish supplier of foodservice solutions and ready-for-market convenience foods. has announced the acquisition of Summit Foods, a UK-based specialist in frozen and chilled foods. Kepak is a leading meat producer with 15 plants across Ireland and the UK, serving brands including Rustlers, Big Al’s, Celtic Beef, McIntosh Donald, Watergrass Hill, Black Angus, and Hereford Beef. Commenting on the deal, Kepak Foods CEO …
USA: Hershey acquires Sour Strips
US confectionery firm Hershey has announced the expansion of its portfolio with the acquisition of Sour Strips, a brand of sour sweets founded in 2019. Sour Strips is claimed to make sweets with intense flavours and creative branding, and is marketed with the tagline “sour candy that doesn’t suck”. Commenting on the deal, Hershey president of US confection Mike Del Pozzo said: “The acquisition …
UK: Ocado to invest heavily in private label in 2025
Ocado, the specialist online UK grocery company, is to invest heavily in its private label range in 2025, with the launch of hundreds of new items, according to a report in Grocery Gazette. The retailer, which said the new product range would particularly focus on seasonal items, said 89% of customers it surveyed agreed it was important that the supermarkets they buy from sell …
Ireland: Kerry Group to divest dairy businesses
Kerry Group, the Irish dairy business, has entered into an agreement with Kerry Co-Operative Creameries to sell Kerry Dairy Holding (Ireland) for €500 million ($530 million). The deal supports Kerry Group’s desire to become a “pure play taste and nutrition company”. Kerry Dairy Ireland includes Dairy Consumer Products, a business that makes cheese, cheese snacks, dairy spreads, and related products sold in the UK …
UK: Intersnack acquires Whole Earth Foods from Ecotone
Intersnack, the European snacks multinational, has announced it has acquired organic and plant- based food manufacturer Whole Earth Foods from health foods firm Ecotone. Under Ecotone, the Whole Earth Foods brand has reportedly been expanding for the past 20 years in the nut butters and soft drink categories, making it one of the UK top peanut butter brands. Its organic peanut butter is also …
USA: JM Smucker opens new Uncrustables manufacturing facility
JM Smucker, the diversified US food business has expanded production capacity for the Uncrustables brand with the opening of a new 900,000 sq ft manufacturing facility in McCalla (AL). Uncrustables is the company’s brand of sealed crustless sandwiches, available with fillings such as Strawberry, Grape, Chocolate Hazelnut, Raspberry and Honey. Commenting on the expansion, JM Smucker CEO Mark Smucker said: “The opening of our …
USA: Molson Coors acquires majority stake in Zoa Energy
Molson Coors, the US brewer, has announced it has taken a majority stake in Zoa Energy, an energy drink brand whose co-founders include Dwayne Johnson. The deal is intended to increase distribution and awareness of the Zoa energy drink brand, as well as enabling its integration into the wider Molson Coors portfolio. The partnership first began three years ago, and Zoa is reportedly now …
Mexico: Grupo Bimbo acquires Don Don
Multinational bakery firm Grupo Bimbo has announced that it has entered into an agreement to acquire Slovenian-based bakery group Don Don. Founded in 1994, Don Don is a leading baking brand in southeast Europe, offering sliced bread, rolls and cakes under the Tvojih 5 Minut and Pekarna Grosuplje brands. By acquiring Don Don, Grupo Bimbo will expand its footprint to 39 countries, enabling growth …
USA: 1440 Foods acquires Fitcrunch
1440 Foods, a leading sports and active nutrition business, has announced the acquisition of Fitcrunch, a protein snack firm, from celebrity chef Robert Irvine, Union Capital Associates and its founders. Founded in 2012 by Bakery Barn and Robert Irvine, Fitcrunch is known for high-protein foods like bars, wafers, and powders, with its bars providing up to 30g of protein per serving. 1440 Food’s portfolio, …
USA: Schuman Cheese acquires Trugman-Nash
Cheese processor Schuman Cheese has announced the acquisition of the Trugman-Nash business from dairy firm Allied Dairy to expand its cheese portfolio. The acquisition includes ownership of Old Croc, a US leader in Australian cheddar, and US distribution rights for Organic Herd British cheddar from the Organic Milk Suppliers Co-operative. Old Croc’s range includes cheddar chunks, bites, slices, and spreads, made with grass-fed cow’s …
USA: Pipcorn and Spudsy merge to form UpSnack Brands
Corn snack firm Pipcorn Heirloom Snacks and Spudsy, an upcycled sweet potato snack company, have announced a merger deal involving the sale of their assets to the newly formed UpSnack Brands. Pipcorn is known as a health-focused snack brand made from heirloom corn, offering mini popcorn, cheese balls, crunchies, corn dippers, and twists. Spudsy’s product portfolio includes fries, poppers, puffs and scoops. Commenting on …
USA: Meiji invests $28 million to boost Hello Panda snack production
Meiji, the Japanese food and pharmaceutical firm, has announced an investment of $28 million to expand production at its Santa Ana facility, which produces Hello Panda, Yan Yan and Chocorooms biscuits. Founded in 1987, Hello Panda is known for its chocolate cream filling and the panda design on the biscuit shell. In October, Meiji America also launched Hello Panda Pretzel, a new product that …
USA: Valora to invest $100 million to expand pretzel production
Ditsch, a pretzel manufacturer and subsidiary of the Valora Group, has announced a $70 million investment in a new bakery in Cincinnati (OH) to triple pretzel production. Founded in Germany in 1919, Ditsch is described as a manufacturer of soft pretzels including traditional German pretzels, pretzel bites, frozen pretzels, croissants, and pizza snacks, supplying food services, bakeries, wholesalers, and retailers in 38 countries. Ditsch …
USA: AB InBev invests $8 million in St. Louis brewery
Leading brewer AB InBev has announced that the company has invested $8 million in its brewery in St. Louis (MS) via US subsidiary Anheuser-Busch. The move will create and sustain jobs and drive economic growth in its hometown, the company said in a statement. The company has invested more than $165 million in its St. Louis campus since 2019, including renovating and reopening its …
UAE: Pure Ice Cream to build a production facility
Pure Ice Cream, a UAE-based ice cream manufacturer, has signed an agreement to build a new ice cream production facility at Dubai Industrial City via an AED80 million ($21.7 million) investment. Pure Ice Cream is the owner of Kwality Global ice cream and the official Gulf Cooperation Council (GCC) licensee for Hershey’s and Reese’s ice cream, as well as producing private-label products for brands …
Tradeshow Insight: SIAL 2024
Gama with Nicolas Trentesaux, SIAL Network Managing Director The landmark 2024 edition of SIAL, the self-styled “must-attend” biennial event for the food industry, reinforced the show’s central place in the European consumer goods calendar, building on a 60 year run that was marked in both celebratory and contemplative fashion. Gama with Secretary of State for Fisheries of Portugal Claudia Monteiro Aguiar As the organizers …
USA: Keurig Dr Pepper to acquire Ghost energy drink brand
Keurig Dr Pepper (KDP), the soft drinks and coffee firm, has announced that it has entered into an agreement to acquire Ghost Lifestyle and Ghost Beverages (collectively “Ghost”) for $990 million. Founded in 2016, Ghost is a brand of sports nutrition products, energy drinks, dietary supplements, and apparel, anchored by its flagship energy drink brand Ghost Energy. Commenting on the move, KDP chief executive …
USA: JM Smucker to sell Voortman biscuit brand
US-based food and beverage company JM Smucker has announced that the company is selling its Voortman biscuit brand to Second Nature Brands, a US manufacturer of snacks and treats controlled by CapVest Partners LLP. In a press release, JM Sumcker said the decision to offload Voortman would enable it to reallocate resources to its “core growth brands”. The Voortman brand was among a number …
Global FMCG leaders reconnect in Manchester for the Gama Innovation Conference & Awards 2024
MANCHESTER – 29th October 2024: Last Thursday (24th October), leading representatives of the global fast-moving consumer goods (FMCG) community came together in The Bridgewater Hall, Manchester, to celebrate the ninth edition of the Gama Innovation Conference & Awards (GICA), with the event continuing to build a reputation as a vital meeting point for industry professionals keen to uncover the latest hot-button industry trends and innovations. Welcoming over …
USA: Shamrock Farms to Invest $59 million in Virginia manufacturing site
Shamrock Farms, a leading US dairy firm, has announced an investment of $59 million to expand its milk manufacturing facility in Augusta County, Virginia. The project will generate 28 new jobs and expand the company’s existing 250,000 sq ft facility in Mill Place Commerce Park by an additional 81,000 sq ft. The investment is earmarked for a new production filling line and cold storage …
UK: Kestrel Foods acquires pretzel brand Indie Bay Snacks
UK food manufacturer Kestrel Foods has announced the acquisition of savoury snack brand Indie Bay Snacks from peer Nurture Brands for an undisclosed sum. Founded in 2016 by Dafna Bonas, Indie Bay Snacks sells low-calorie, low-fat pretzel snacks, including “pretzel thins”, through grocery, travel, and direct-to-consumer channels. Commenting on the deal, Nurture Brands managing director Adam Draper said: “As Nurture Brands consolidates its resources …
Netherlands: Brouwerij Martens acquires United Dutch Breweries
Belgian brewery Brouwerij Martens has announced the acquisition of United Dutch Breweries (UDB), a Netherlands-based brewing company, from European investment company Gimv. Offering “affordable premium import brands”, UDB is known in particular for lagers such as Oranjeboom and Royal Dutch, as well as the malt drink 3 Horses. Commenting on the move, Brouwerij Martens CEO Danny Dresselaerts said: “We are very proud to have …
Brazil: Selmi expands cracker and biscuit factory
Brazilian food manufacturer Selmi has announced the expansion of a biscuit plant in Sumare, in the state Sao Paulo. According to sources, the investment will enable a 40% increase in production capacity as well as allowing the company to modernise and optimise its processes. Specific investments include a new production line for “laminado”-style biscuits such as cream crackers and “maisena” biscuits and another for …
Netherlands: Heineken acquires Komari Beverage
Heineken, the Dutch beermaker, has acquired Komari Beverage, an Ethiopian alcoholic drinks firm, according to a report in Capital Ethiopia. According to sources, oamari Beverage produces hard seltzers under the Arada brand, and was first launched to market in 2021. It reportedly claims to be the only manufacturer of hard seltzers in Ethiopia and has a production capacity of 27,000 bottles per hour. Commenting …
Egypt: Arla makes offer for majority stake in Domty
Leading European dairy company Arla has made a non-binding offer to acquire a majority stake in dairy company Arabian Food Industries, trading as Domty, for 31.48 EGP ($0.66) per share. Domty is a publicly listed company that employs 4,000 staff and operates two production facilities, with a range of over 200 items including branded white and processed cheeses and juice. The offer values the …
USA: Meat substitute brand Simulate acquired by private equity fund Ahimsa
Private-equity investor Ahimsa has announced the acquisition of Simulate, the owner of US plant-based meat alternative brand Nuggs. Available since 2019, Nuggs established a presence in over 5,000 retail locations, including Walmart, Target, and Whole Foods Market. Commenting on the acquisition, Simulate co-founder and CEO Sam Terris said: “We were looking for a partner that balances pragmatism and optimism — a group that could …
France: Acqua Sant’Anna acquires Eau Neuve
Acqua Sant’Anna, the Italian mineral water firm, has announced the acquisition of French counterpart La Compagnie des Pyrenees (LCDP), owner of the Eau Neuve brand, for €50 million ($54.5 million). Founded in 1996, Acqua Sant’Anna holds a 13.4% share of the mineral water market in Italy and reported turnover of €320 million ($348.8 million) in 2023. Commenting on the move, Acqua Sant’Anna founder, president …
Australia: Sanitarium to acquire Nestle’s Vita Brits breakfat cereal brand
Sanitarium, a health food company, has submitted a formal offer to acquire the Vita Brits breakfast cereal brand from food manufacturing giant Nestle. Founded in 1898, Sanitarium produces brands such as Up & Go, So Good, Plantwell, Vegie Delights, and PB Nutrition brands, Vita Brits, which the company already produces for Nestle under a toll manufacturing agreement, is similar to Sanitarium’s own Weet-Bix biscuit-type …
UK: Haleon to open £130 million in global oral health innovation centre
Haleon, a consumer healthcare firm, has announced an investment of £130 million ($169 million) to build an innovation centre in Weybridge, UK. The new facility will reportedly feature state-of-the-art, digitally enabled research laboratories and a dedicated consumer behaviour research facility, employing 450 staff. This new facility intends to support Haleon’s oral health portfolio, including brands like Sensodyne, Polident/Poligrip, Aquafresh and Corsodyl. Commenting on the …
USA: Mart Frozen Foods opens Idaho manufacturing facility
US food manufacturer Mart Frozen Foods has announced it has inaugurated a $65 million high-tech food manufacturing facility in Rupert (ID). The new 100,000 sq ft facility, located adjacent to the company’s headquarters, has reportedly created 80 new jobs and will produce and package fully baked Idaho potatoes, marketed under the OH!Tatoes brand. Julian Critchfield, president and CEO of The Mart Group, said: “Through …
USA: Prairie Farms Dairy acquires SmithFoods
US based dairy firm Prairie Farms Dairy has announced the acquisition of domestic peer SmithFoods. According to sources, the deal is part of Prairie Farms Dairy’s strategy to diversify its product portfolio and expand its market reach. Ohio-based SmithFoods was founded in 1909 and produces dairy based products such as milk, sour cream, cottage cheese, ice cream and custard mixes. Matt McClelland, CEO and …
Spain: Angel Camacho acquires Macarico
Spanish food and beverage producer Angel Camacho has announced the acquisition of Macarico, a Portuguese firm that manufactures sauces and antipasti. In a press release, Angel Camacho said the deal was part of the firm’s “satisfied customer and consumer” plan, in which Portugal and Brazil are considered strategic markets. Founded in 1930, Macarico is a family business with two factories located near Aveiro. Its …
USA: PepsiCo announces agreement to acquire Siete Foods
FMCG giant PepsiCo has announced that the company has entered into a definitive agreement to acquire Garza Food Ventures LLC, trading as Siete Foods, a Mexican-American foods company. In a press release, PepsiCo said the $1.2 billion deal would complement the firm’s portfolio with an authentic Mexican-American brand as well as adding a variety of better-for-you products. Founded in 2014, Siete Foods manufactures “heritage-inspired” …
Australia: The Original Juice Company, SPC, Nature One Dairy announce merger deal
The Original Juice Company (OJC), an Australian-based business that sells chilled fruit and vegetable juices, has announced plans to acquire SPC Global (SPC) and the powdered milk business Nature One Dairy to create a leading food and beverage company. As part of the transaction, OJC will issue 133 million shares to SPC shareholders, while Nature One Dairy shareholders will get 29 million shares and …
UK: Kellanova to invest £75 million to expand cereal production in Wrexham
Kellanova, the leading US cereal and snacks firm, has announced an investment of £75 million ($98 million) to expand production at its breakfast cereal facility in Wrexham, North Wales. The Wrexham site, which opened in 1978, is Kellanova’s largest Special K plant globally. It also manufactures other brands, such as All Bran, Bran Flakes, and Fruit ‘n’ Fibre. Brands including Corn Flakes and Crunchy …
Tradeshow Look Ahead: Yannick Verry, Fi Europe 2024
October 8, 2024
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Gama spoke to Yannick Verry, Brand Director, ahead of the latest edition of Fi Europe. What are your expectations for this year’s FI Europe? What features are there for consumers to look forward to? Fi Europe is gearing up for its biggest and best year ever. From 19th-21st November 2024, Messe Frankfurt will host the leading global event for food and beverage ingredients. More …
Saudi Arabia: Almarai acquires Hammoudeh Food Industries
Saudi Arabia based dairy firm Almarai has announced the acquisition of Hammoudeh Food Industries, the food and beverage business of Jordanian conglomerate Hammoudeh, for 263 million SAR ($70.1 million). Founded in the 1960s in Amman, Hammoudeh Food Industries serves as the food and beverage manufacturing division of the Hammoudeh conglomerate, which is also involved in agri-business and chemicals. The company offers a variety of …
Belgium: Natra acquires Gudrun Group
Natra, a vertically-integrated cocoa and chocolate manufacturer, has announced the acquisition of Gudrun, a Belgian chocolate and truffle producer, from Down2Earth Capital. Founded in 1942, Gudrun is a manufacturer of premium chocolates for international retailers in multiple markets. It has a manufacturing base in Lier, Belgium, and a distribution centre in Poland. Commenting on the move, Natra CEO Armando Santacesaria said: “Gudrun is a …
US: Japan Tobacco to complete acquisition of Vector Group
Japan Tobacco (JT), the leading tobacco company, has announced it has completed the acquisition of Vector Group (VGR), the fourth largest tobacco company in the United States, after a tender offer initiated in August. Vector Group is a holding company for Liggett Group LLC, Vector Tobacco LLC and New Valley LLC. Founded in 1873, Liggett Group is the operating successor to Liggett & Myers Tobacco Company and has a brand portfolio …
Australia: Nissin Foods acquires dumpling maker ABC Pastry
Nissin Foods, an instant noodle manufacturer, has announced that it has entered into a share purchase agreement to acquire 100% of the shares of Australian frozen dumpling manufacturer ABC Pastry for A$33.7 million ($23.12 million). Founded in 1998, ABC Pastry is a leading manufacturer of frozen dumplings in Australia, offering products under its own brand as well as various third-party brands. Commenting on the …
USA: Flora Food Group acquires facility in Kansas
Global food manufacturer Flora Food Group (formerly Upfield) has announced the acquisition of a factory in Hugoton, in the US state of Kansas In a press release, the company said the facility would become a hub for the group’s cream and cream cheese products in the US and Canada and the rest of Americas, whilst the New Century facility, also in Kansas, would be …
UK: Nestle invests in Purina pet food plant
FMCG giant Nestle has recently announced that the company is investing £150 million ($199 million) to upgrade its Nestle Purina pet food factory in Wisbech, UK. In a press release, the company said it had been investing in its Purina factories worldwide in response to rising pet food sales , noting the category accounted for 20% of the company’s total sales in 2023, up …
USA: Diageo acquires 100% of Ritual Zero Proof
Diageo, the leading alcoholic drinks firm, has announced the acquisition of spirit alternative business Ritual Zero Proof to strengthen its non-alcoholic spirits portfolio. Launched in 2019, Ritual Zero Proof is a non-alcoholic spirit brand offering alternatives to whiskey, tequila, gin, rum, and aperitifs. Diageo acquired a minority stake in Ritual Zero Proof via its accelerator Distill Ventures in January 2020. In a statement, Diageo …
Spain: Bimbo to close Valladolid factory
Multinational bakery firm Grupo Bimbo has announced the closure of a manufacturing facility located in San Cristobal, in the Spanish city of Valladolid According to sources, the factory manufactures cakes for brands such as Donuts, Bollycao, Donettes and Tigreton. A second factory in nearby Medina del Campo, which was acquired two years ago from Cerealto Siro Foods and manufactures a different product range, is …
USA: Danone proposes full acquisition of Lifeway Foods
FMCG giant Danone has made a non-binding offer to acquire Lifeway Foods, a manufacturer of kefir and probiotic products, for $283 million ($25 per share). Lifeway Foods is a leading provider of kefir drinks and desserts, with distribution in the United States, Mexico, Ireland, South Africa and France. Danone, which already holds 23.4% of Lifeway’s common stock, said the proposal aligned with its wider …
USA: CK Snacks acquires Axium Foods
CK Snacks, a manufacturer of own brand savoury snack foods, has announced the acquisition of its domestic peer Axium Foods. Founded in 1960, Axium Foods specialises in producing tortilla chips, corn chips, extruded snacks, and pellet snacks for private label brands. Commenting on the move, CK Snacks CEO Jamie Colbourne said: “We are thrilled to welcome Axium Foods into the CK Snacks family. Axium …
UK: Edrington to sell The Famous Grouse and Naked Malt
Edrington, a UK-based spirits producer, has announced that it has reached an agreement to sell the The Famous Grouse and Naked Malt scotch whisky brands to William Grant & Sons, one of the world’s leading whisky producers, through its subsidiary The 1887 Company Limited. Founded in 1887, William Grant & Sons offers whisky and spirits under brands such as Glenfiddich, Grant’s, The Balvenie, Tullamore …
Australia: Beston Global Food enters voluntary administration
Leading Australian dairy firm Beston Global Food has entered voluntary administration after failing to find a buyer, according to a report in Convenience & Impulse Retailing. The Beston Global Food product range includes cheese, soft dairy and dairy powders, as well as non-dairy products such as bottled water. According to sources, administrators were called in after a proposal by Megmilk Snow Brands to acquire …
Gama News – July-September 2024
The July-September 2024 edition of Gama News is now available. In this edition: o Industry Insight: Heather Mills, VBites o Insight by Gama Compass: Honey getting a boost from ‘real’ and ‘better-for-you’ launches o Tradeshow Insight: InterTabac 2024 o Innovation Insight: Ouegg Egg Crisps o Industry Insight: Cris Arcangeli, Beauty’in o Look Ahead: SIAL 2024 o Look Ahead: Fi Europe 2024 CLICK HERE to read it now.
Cris Arcangeli, Chief Executive Officer
Beauty’in
Gama spoke to Cris Arcangeli, Chief Executive Officer, Beauty’in. Read this Industry Insight in the latest issue of Gama News. What changes have you seen in the consumer goods sector in Brazil (and the wider Latin America region) in recent years, and how do you anticipate it will evolve further? In recent years, the consumer goods sector in Brazil has undergone significant transformations, especially …
Nigeria: Coca-Cola to invest $1 billion in value chain
Coca-Cola, in cooperation with its Nigeria bottling partners, has announced an investment of $1 billion to expand its investments in the country over the next five years. Coca‑Cola said it intended to double its investment rate to support various areas of the value chain, including suppliers, distributors, retailers and recyclers. The new money comes on top of $1.5 billion Coca‑Cola Hellenic Bottling Company (Coca-Cola …
Heather Mills, Founder
VBites
Gama spoke to Heather Mills, Founder, VBites. Read this Industry Insight in the latest issue of Gama News. What major trends do you expect to shape food and drinks innovation in 2024 and beyond? There is an awakening coming. Historically it’s been tough for the consumer to discern what a healthy diet is: it’s hard to decipher the myriad of misleading marketing campaigns (from …
Italy: Platinum Equity acquires Polli
Platinum Equity, a global investment firm, has signed an agreement to acquire a majority stake in Polli, an Italian producer of pasta sauces and vegetable preserves Founded in 1872, Polli is Europe’s largest producer of pesto as well as making other pasta sauces, oils, olives, pickles and condiments. The company operates four facilities that process 130 types of raw materials to produce 29,000 tonnes …
Tradeshow Insight: InterTabac 2024
Gama with Altria A record 800 exhibitors and 14,500 exhibitors packed the halls and corridors of the Messe Dortmund showgrounds in Germany across three days from 19th September, as Inter Tabac, the leading international trade event for the tobacco and nicotine industry, returned for its latest outing. Gama with Wonz Belying overall downward trends in conventional tobacco use, InterTabac embraced diversity with a greater …
Eggs look to crack the savoury snack category
The latest innovation insight from Gama Compass MANCHESTER – 23rd September 2024: This month’s Innovation Insight lifts the lid on the continued evolution of high-protein snacks, as we take a look at a launch extolling the virtues of eggs as a hero health ingredient – Just This Ouegg Egg Omelette Crisps. Read this Innovation Insight in the latest issue of Gama News. New to the market in …
Switzerland: Ricola to acquire Hero plant in Lenzburg
Ricola, a leading manufacturer of cough drops, has announced plans to acquire a manufacturing plant in Lenzburg from Swiss-based baby food, snack bar and spreads company Hero to overcome existing constraints and expand its production infrastructure. Founded in 1930 and headquartered in Laufen, Ricola manufactures 50 different types of herbal cough drops and specialty teas. It exports its products to 50 countries and operates …
UK: Hero Group acquires Deliciously Ella
Swiss-based baby food, snack bar and spreads firm Hero has announced the acquisition of British plant-based food brand Deliciously Ella for an undisclosed amount. Founded in 2016, Deliciously Ella offers crackers, snack bars, ready meals, biscuits, chocolate, dressings, spreads, pasta, kombucha and other products, available at leading grocery retailers Hero said the acquisition would allow it to strengthen its position in the UK snack …
Saudi Arabia: Nestle to construct $73 million food plant
Nestle, the Swiss consumer goods giant, has signed an agreement with Saudi Authority for Industrial Cities and Technology Zones (MODON) to construct a food manufacturing plant via a 270 million SAR ($72.9 million) investment. The new plant will cover a site of 117,000 sq m in Jeddah and will fulfil local demand, as well as producing goods for export to other markets in the …
Italy: Lidl to open logistics centre in Sardinia
Discount retailer Lidl has announced that the company is investing €70 million ($77 million) to open a regional headquarters in Sardinia that will also host the companys’s 12th logistics centre in Italy. In a press release, Lidl sai the new facility, which is located in Assemini in the Cagliari region, will shorten the distance goods need to travel to supply the retailer’s 23 stores …
South Africa: Nestle to sell Cremora business to Lactalis
Nestle, the Swiss consumer goods giant, has announced plans to sell its Cremora business to the South African subsidiary of French dairy giant Lactalis, as part of a strategic realignment of its operations. Cremora is a creamer brand produced in Babelegi and Potchefstroom, South Africa, as well as in Harare, Zimbabwe. Lactalis will acquire both South African sites, while production of Cremora at Harare …
India: Carrefour forms partnership to open grocery stores
French retailer Carrefour has just teamed up with UAE-based retail firm Apparel Group to open retail stores on the Indian market, according to a Business Standard report. Carrefour has formed the strategic franchise partnership in order to open hypermarkets, supermarkets and gourmet stores across India, with sizes ranging from 8,000 to 30,000 sq ft. Although a nationwide expansion is envisioned, the retailer will enter …
USA: General Mills to sell North American yoghurt business to Lactalis and Sodiaal
US food giant General Mills has entered into an agreement to sell its North American yoghurt business to leading French dairy companies Lactalis and Sodiaal for $2.1 billion. Lactalis will acquire the US division, while Sodiaal will acquire the Canadian division. The deal includes brands such as Yoplait, Liberte, Go-Gurt, Oui, Mountain High and Ratio, and production facilities in Murfreesboro (TN), Reed City (MI), …
Honey getting a boost from ‘real’ and ‘better-for-you’ launches
Insight by Gama Compass MANCHESTER – 16th September 2024: Honey is hitting a sweet spot, the latest Insight by Gama Compass can reveal, with an increasing number of food and drink brands choosing to make honey the centrepiece of their innovation and branding efforts, as well as including it as a key ingredient within product formulations. Mentioned nearly 50% more often in new product launches recorded on …
USA: Unilever invests in supplements business Create Wellness
Unilever Ventures, the venture capital arm of consumer goods giant Unilever, has led a $5 million funding round in US-based creatine supplement firm Create Wellness. Founded in 2022, Create Wellness makes supplement gummies that are claimed to improve strength and cognition and facilitate muscle recovery. The company reportedly plans to use the funding to increase headcount, conduct research and expand distribution. Commenting on the …
USA: Cal-Maine Foods announces joint venture with Crepini
US egg producer Cal-Maine Foods has announced it has made a strategic investment in Crepini, establishing a new egg and prepared foods joint venture. Crepini produces egg wraps, protein pancakes, crepes and wraps that are retailed in over 3,500 stores in the US and Mexico. Cal-Maine Foods will capitalize Crepini with approximately $6.75 million in cash to purchase equipment and other assets and fund …
UK: Aldi announces £800 million investment to accelerate expansion
German retail giant Aldi has announced an investment of £800 million ($1 billion) to expand its presence in the UK. In a press release, the retailer descrbed the sum as its “largest ever package of annual investment”, and said it plannedto open 23 new stores before the end of the year, including Muswell Hill in London and Mere Green in Birmingham. The company is …
Egypt: Kellanova to sell majority stake in Bisco-Misr
Kellanova, the leading US cereal and snacks firm, has announced that it has reached an agreement to sell its majority stake in Egyptian biscuit producer Bisco-Misr to Hayel Saeed Anam Group (HSA Group), a diversified business conglomerate. Founded in 1957, Bisco Misr is the leading packaged biscuit company in Egypt, with manufacturing facilities in Cairo and Alexandria. Its brands include Bisco Tea, Nice, Maamoul, …
USA: Amazon launches budget private label brand
E-commerce giant Amazon has announced the launch of Amazon Saver, a new private label range of budget groceries for its US consumers. Amazon said it had already begun rolling out the new brand line, which includes items such as crackers, biscuits, canned fruit and condiments each priced at under $5, and planned to add more than 100 items over time. Commenting on the launch, …
Japan: Meiji to reorganize yoghurt production
Meiji, the Japanese food and pharmaceutical firm, has announced plans to reorganise its production network by building a new plant in Atsugi, Kanagawa and closing three of its existing yoghurt factories. The new plant, covering 17,271 square metres, will be constructed with an investment of ¥40 billion (£279 million). It will produce both plain yoghurt and yoghurt drinks and is projected to generate an …
Ireland: Valeo Foods to acquire IDC Holding
Valeo Foods, the Irish food firm, has announced the acquisition of IDC Holding, an independent producer of wafers, biscuits, and confectionery in Central and Eastern Europe, for an undisclosed sum. The acquisition is said to include the CandyPlus operation in the Czech Republic, the Balconi business in Italy, and the Schluckwerder business in Germany, which together employ around 1,150 staff. The company’s 2023 net …
Tradeshow Look Ahead: Nicolas Trentesaux, SIAL 2024
Gama spoke to Nicolas Trentesaux, SIAL Network Managing Director, ahead of the latest edition of SIAL. SIAL is celebrating its 60th anniversary this year. How are you planning to commemorate the occasion? This year, SIAL is characterised by both a retrospective and forward-looking approach to the food sector. Attending SIAL on its 60th anniversary is a unique opportunity to reflect on six decades of …
USA: Hain Celestial sells ParmCrisps brand to Our Home
Hain Celestial, the natural foods firm, has announced that it has completed the sale of its ParmCrisps brand to Our Home, a US-based snack company. Founded in 2017, ParmCrisps is known for its high-protein, low-carbohydrate cheese crisps and snack mixes. Commenting on the move, Hain Celestial group president and CEO Wendy Davidson said: “By divesting ParmCrisps, we can continue to prioritize driving market reach …
Brazil: Lactalis to expand operations in Rio Grande do Sul
French based dairy major Lactalis has announced plans to invest R$100 million ($17 million) in 2025 to expand operations in Brazil’s Rio Grande do Sul state. In a statement, the company said the investment would be split among its facilities in Teutonia, Tapera, Tres de Maio, Santa Rosa and Ijui. In Santa Rosa, the firm plans to use the investment to expand production of …
Australia: Saputo to shut down King Island Dairy
Dairy firm Saputo Dairy Australia has announced it is closing down the King Island Dairy cheese production facility and retiring the brand in mid-2025. In a statement, Saputo Dairy Australia said the decision had been taken following an intensive ten-month review of all commercial and financial alternatives for the Dairy, including a potential sale to a third party. Commenting on the decision, Leanne Cutts, …
Sweden: Lantmannen to invest 1.2 billion SEK in plant-based protein factory
Lantmannen, a Swedish agricultural cooperative and food manufacturer, has announced an investment of 1.2 billion SEK ($116.4 million) in a new facility in Lidkoping for the manufacture of plant-based proteins. The new facility will process 35,000 tonnes of peas and 5,000 tonnes of faba beans (broad beans) into 7,000 tonnes of concentrated plant-based protein, also known as protein isolate, annually. Commenting on the news, …
Brazil: Grupo Bimbo to acquire Wickbold
Mexico-based multinational bakery firm Grupo Bimbo has reached an agreement to acquire its Brazilian peer Wickbold for an undisclosed sum. This acquisition includes the Wickbold and Seven Boys brands, which offer packaged bread and sweet baked goods such as biscuits, bisnaguinhas (a brioche-style sweet bread), and panettones, along with four manufacturing facilities located in the south of Brazil. Commenting on the move, Grupo Bimbo …
USA: Campbell Soup sells Pop Secret business to Our Home
Campbell Soup, a US producer of canned soups and other foods, has announced that it has sold its Pop Secret popcorn business to Our Home, a US-based snack company. The existing Our Home portfolio includes brands such as Food Should Taste Good, Popchips, Real Food From The Ground Up, You Need Yhis, RW Garcia, Good Health and Sonoma Creamery. The Pop Secret business generated …
UK: Waitrose to open 100 convenience stores in next five years
Supermarket chain Waitrose, a subsidiary of the John Lewis Partnership, has announced plans to invest £1 billion ($1.31 billion) over the next five years to open 100 convenience stores and refurbish 150 existing outlets. The store upgrades will feature revamped service counters and expanded space for on-demand grocery orders, as well as branded concessions such as Crosstown doughnuts and Sushi Daily. Commenting on the …
USA: Mount Franklin Foods acquires Stuffed Puffs
Mount Franklin Foods, a leading manufacturer of branded, contract and private label confectionery, nuts and foodservice products, has announced the acquisition of Pennsylvania-based Stuffed Puffs, a maker of filled marshmallows, for an undisclosed amount. Founded in 2019, Stuffed Puffs is known for a proprietary technology that allows it to create marshmallows filled with milk chocolate and other ingredients. The Mount Franklin Foods portfolio includes …
USA: Philip Morris International announces $232 million investment in Kentucky
Philip Morris International (PMI), the leading tobacco firm, has announced plans to invest $232 million to expand production capacity for Zyn nicotine pouches at its Owensboro facility in Kentucky, creating 450 direct and 410 indirect jobs. This investment will be made by PMI’s Swedish Match affiliates, following a $600 million investment in July to set up another nicotine pouch production facility in Aurora, Colorado. …
India: Bikaji acquires 55% stake in Ariba Foods
Bikaji, an Indian snack food company, has announced the acquisition of a 55% equity stake in Ariba Foods, a diversified food company based in Ujjain, Madhya Pradesh, for 60.49 million INR ($7.2 million). Ariba manufactures snacks, savouries and frozen foods like samosas, flatbreads and sweets under the InDine brand, with a presence in India as well as export markets including the USA, Canada, UK, …
Tradeshow Look Ahead: Jeff Lenard, NACS Show 2024
August 27, 2024
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Gama spoke to Jeff Lenard, NACS Vice President of Strategic Industry Initiatives, ahead of the latest edition of the NACS Show. What are your expectations for this edition of the NACS Show? What features are there for visitors to look forward to? The NACS Show is where retailers go to find the future of convenience, whether via products or services on the expo …
Portugal: Nestle to invest €30 million in hot cereal drinks line
Nestle, the Swiss consumer goods giant, has announced an investment of €30 million (£25.4 million) to increase capacity for hot cereal drinks production at its Avanca factory in Portugal. The investment will be used to install advanced machinery to improve operational efficiency and help meet the growing demand for nutritious beverages. The Avanca plant, situated in the north-eastern region of Portugal, is decribed as …
USA: Saco Foods acquires Ancient Harvest and Pamela’s
Saco Foods, a US manufacturer of shelf-stable products and a portfolio company of Fengate Private Equity and Weathervane Investment Corp, has announced the acquisition of Quinoa Corporation and its brands Ancient Harvest and Pamela’s from Encore Consumer Capital. Founded in 1983, Ancient Harvest is known for bringing quinoa to the US market and also makes plant-based products such as gluten-free pasta and polenta. The …
India: Pernod Ricard seeks to boost revenue through premium whisky
Wine and spirits multinational Pernod Ricard has announced plan to triple its revenue in India over the next decade by strengthening its position in the premium whisky market. The strategy includes the launch of Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky, following release of Longitude 77, the company’s first “Indian Single Malt”. Blenders Pride Four Elements Whisky is …
Poland: Euricom acquires snack firm Sonko
Euricom, a world leader in the rice sector, has announced a binding agreement to acquire the entire share capital of Sonko, a Polish snacks company, from Oshee Polska. Founded in 1989, Sonko has a portfolio that includes rice cakes, chickpea chips and chocolate crispbreads, as well as a range of rices and groats. It has a workforce of 300 and two production facilities. Euricom …
Canada: Coca-Cola Canada Bottling opens new plant
Coca-Cola Canada Bottling, the Canadian bottler of carbonated soft drinks, bottled water, energy drinks, ice teas and related products, has announced the opening of a new facility in Richmond, British Columbia. According to a report in Canadian Grocer, the $18 million facility contains a sales department, warehouse and distribution centre. Spread over 230 sq ft, the plant is the company’s largest in Canada and …
South Africa: KWV acquires Red Heart Rum from Pernod Ricard
Wine and spirits group KWV has announced the acquisition of Red Heart Rum from spirits major Pernod Ricard for an undisclosed sum. This acquisition marks KWV’s entry into the rum category, diversifying a spirits portfolio that already features Cruxland Gin, Wild Africa Cream and Ponchos Tequila. Commenting on the acquisition, KWV CEO John Loomes said: “We are thrilled about the addition of Red Heart …
Denmark: Arla launches plant-based version of Lurpak butter
Arla, the Danish dairy cooperative, has announced it is expanding further beyond the confines of the dairy category with the launch of a non-animal spread spread under the Lurpak Plant Based brand. In a press release, Arla said Lurpak Plant Based was made with “simple” ingredients and was suitable for spreading, cooking or baking. Peter Giortz-Carlsen, executive vice president and COO of Arla Foods, …
Australia: Forbidden Foods to acquire Oat Milk Goodness
Forbidden Foods, a health & wellness focused food company, has announced that it has reached an agreement to acquire Oat Milk Goodness (OMG), a leading Australian plant-based non-dairy milk company, for A$3.4 million ($2.25 million). Founded in 2019, OMG’s portfolio includes barista and chocolate oat milks, as well as a chocolate oat milk with faba bean and pea protein, and is retailed at Woolworths, …
USA: Mars enters agreement to acquire Kellanova
Mars, the leading food multinational, has signed an agreement to acquire Kellanova, the breakfast foods and snacks major, in a deal valued at $35.9 billion. Kellanova’s portfolio includes snack brands such as Pringles, Cheez-It, Pop-Tarts, Rice Krispies Treats, NutriGrain, and RXBAR, and other food brands including Kellogg’s, Eggo, and MorningStar Farms. The company had 2023 net sales of more than $13 billion, and has …
USA: Coca-Cola and Mondelez partner on drink, biscuit launches
US soft drinks multinational Coca-Cola has announced that the company is teaming up with Mondelez to launch a limited-edition drink and biscuit in partnership with the Oreo brand. In a press release, Coca-Cola said the new Coca-Cola Oreo Zero Sugar and Oreo Coca-Cola sandwich biscuits feature the brands’ signature flavours and are presented in a “sleek, black-and-white packaging design that remains true to the …
USA: Conagra acquires Sweetwood Smoke & Co
Conagra Brands, the leading US food manufacturer, has announced the acquisition of Sweetwood Smoke & Co, the manufacturer of the Fatty brand of smoked meat sticks. Founded in 2010, Sweetwood Smoke & Co makes ready-to-eat meat sticks from pork and beef, smoked with hickory wood. Commenting on the acquisition, Conagra Brands president and chief executive officer Sean Connolly said: “The acquisition of FATTY Smoked …
Australia: CCEP invests in manufacturing plant
Coca-Cola Europacific Partners (CCEP), the UK-based Coca-Cola bottler. has announced an additional investment of A$105.5 million ($69.63 million) to create a new warmfill line at its Moorabbin plant in Victoria, Australia. In a statement, CCEP said the investment would be used to develop a 4,200 sq m manufacturing hall, install a high-speed 640 bpm Nitro-Warmfill line, and upgrade the existing infrastructure. The investment will …
USA: Lassonde to expand North Carolina facility
Lassonde, a producer of fruit and vegetable drinks, has announced it has completed a $53 million expansion at its facility in Hendersonville (NC). The site expansion includes a new single-serve aseptic production line offering 10oz and 16oz beverages in 6, 12, and 24-pack formats and a 104,000 sq ft distribution centre. Commenting on the expansion, Lassonde Industries president and chief operating officer Vince Timpano …
Australia: Treasury Wine Estates to offload commercial portfolio
Treasury Wine Estates (TWE), the Australian wine giant, has announced plans to divest its commercial brand portfolio, including Wolf Blass, Lindeman’s, Yellowglen and Blossom Hill. The decision is part of TWE’s ongoing restructure prioritising the Premium Brands Division, which features wines priced between A$10 ($6.60) and A$30 ($19.80). In a statement, TWE said: “Following the latest review of the carrying value of the Group’s …
USA: WK Kellogg to close plant, modernise supply chain
WK Kellogg, the US breakfast cereal manufacturer that was spun off from Kellogg’s (now Kellanova) last year, has announced plans to modernize its supply chain with a $450 to $500 million investment and the closure of a manufacturing plant in Omaha (NE) in 2026. The company intends to invest in new infrastructure, equipment, technology, and capabilities at its facilities in Battle Creek (MI) and …
Portugal: Les Mousquetaires to invest €100 million to expand store network
Les Mousquetaires, the French retail company that operates the Intermarche, Bricomarche and Netto banners, has announced an investment of €100 million ($109 million) to establish 80 new stores in Portugal within the next five years. The focus of the strategy will reportedly be smaller and medium-sized Intermarche stores ranging in size from 1,000 to 2,500 sq mt. The company plans to launch roughly 15 …
Brazil: Quimica Amparo invests in Pernambuco expansion
Quimica Amparo, a Brazilian producer of household cleaning and hygiene products, has announced it is investing in expand its distribution centre and add production lines at its existing facility Pernambuco. The expansion of the Pernambuco facility, which opened in 2023, is part of a further planned investment of R$220 million ($39.2 million) at the site by 2026, taking total spending on the facility to …
Australia: Coles opens second automated distribution centre
Australian grocery retailer Coles has announced the opening of a new distribution centre in Western Sydney, the company’s second to function using automated technology. In a press release, the company said the new distribution centre was part of an investment of more than $1 billion ($655 million) in technology led innovation. The 187,000 sq mt Kemps Creek site has been created to provide better …
USA: Grupo Bimbo to close three plants
Multinational bakery firm Grupo Bimbo has announced plans to close manufacturing plants in Auburn and Olean (NY), and a third in San Antonio (TX), as part of ongoing restructuring efforts. The closure of the two plants in New York will reduce the company’s presence in the state to just two facilities, both in Albany. The latest closures follow announcements earlier this year that facilities …
UK: Cerealto to acquire Hill Biscuits
The UK arm of Spanish food manufacturer Cerealto has announced the acquisition of Hill Biscuits from LDC, a private equity firm. Founded in 1855, Hill Biscuits is defined as one of the largest and longest established biscuit manufacturers in the UK. LDC partnered with Hill Biscuits in 2017 to support growth by investing in technology, efficiency, and capacity. During the seven-year partnership, Hill Biscuits …
India: Emami to acquire remaining stake in The Man Company for $72.8 million
FMCG major Emami has announced that it will acquire an additional 49.6% stake in men’s grooming brand The Man Company, taking full ownership for $72.8 million. The Man Company offers premium grooming essentials and fragrances including beard products, skincare and haircare products, deodorants, and perfumes, sold through e-commerce platforms and major retail chains. This acquisition will mark Emami’s first full ownership of a direct-to-consumer …
UK: Newlat to complete acquisition of Princes
Italian food group Newlat has announced the acquisition of the entire share capital of Princes, the diversified UK food and drinks company. The acquisition, valued at £700 million ($896 million), encompasses all current operations and brands of Princes, which will function as a subsidiary under the newly formed New Princes Group. New Princes Group will double its product category to over 30 brands, with a turnover …
USA: Ferrero-related company to acquire Nonni’s bakery
CTH Invest, a Belgian holding company associated with Ferrero, has announced the acquisition of Nonni’s Bakery from Vestar Capital Partners, a leading US middle-market private equity firm. Founded in 1869, Nonni’s Bakery is described as a manufacturer of premium artisanal biscotti cookies and baked goods specializing in indulgent chocolate and inclusions-enhanced biscotti and “Cantuccini-type” cookies. Its portfolio includes brands such as Nonni’s THINaddictives, Nonni’s …
Germany: GoodLife Foods to acquire Pure Ingredients
GoodLife Foods, a manufacturer of frozen vegetables, has announced that it has entered into an agreement to acquire Pure Ingredients, a leading German manufacturer of halal frozen foods. Pure Ingredients offers branded and private label products and specialises in halal frozen snacks and meal components. The company employs over 200 people across its three production facilities in the Netherlands and Germany. Commenting on the acquisition, …
Canada: Valeo Foods acquires maple syrup maker Appalaches Nature
Valeo Foods, the Irish food firm, has announced the acquisition of Appalaches Nature, a Canadian maple syrup business, marking its second acquisition both in North America and in the maple syrup sector. Founded in 2018, Appalaches Nature is a supplier of maple syrup to European, Canadian, and U.S. markets, operating from a 100,000 sq ft facility in Thetford Mines, Quebec. Valeo Foods also acquired …
Canada: Fresh Hemp Foods buys snack brand The Humble Seed
Fresh Hemp Foods, owner of the Manitoba Harvest brand and a leader in hemp-based foods, has announced the expansion of its wellness foods portfolio with the acquisition of The Humble Seed, a US-based snack brand. Founded in 2022, The Humble Seed is a manufacturer of crackers with “super seeds”, including hemp. The crackers are grain-free, gluten-free, and non-GMO and are retailed through both online …
Germany: Muller to build new yoghurt facility
Muller, the German dairy giant, has announced plans to build a 4,500 sq m production facility in Aretsried, Germany for the manufacture of Landliebe yoghurt, specialising in reusable glass jars. The new facility will be equipped with state-of-the-art machinery for filling, sorting, and cleaning the jars, and will increase overall yoghurt production capacity at the site. Commenting on the move, Muller Germany managing director …
Spain: Refresco to acquire Frias Nutrition
Refresco, the independent drinks bottler, has announced that it has entered into an agreement to acquire Frias Nutrition, a leading manufacturer of plant-based drinks and meat substitutes, from Alantra Private Equity and the founding family. Frias, which employs around 250 people, is described as a manufacturer of oat, almond and soy drinks, as well as broths, creams and tofu for major European retailers, and …
USA: Morinaga to build $130 million facility in North Carolina
Japanese confectionery firm Morinaga has announced plans to invest $130 million to build a new manufacturing facility in Mebane (NC). Spanning an area of 132,633 sq ft, the new facility will become the company’s second in North America and is projected to create 200 jobs. The new facility is intended to boost production capacity for Hi-Chew products to meet growing demand. The existing North …
Tradeshow Look Ahead: Sabine Loos, InterTabac 2024
Gama spoke to Sabine Loos, Managing Director of Westfalenhallen Unternehmensgruppe, ahead of the latest edition of InterTabac. What are your expectations for this edition of Inter Tabac? InterTabac is a real, long-lasting success story and over decades has established itself as a global platform for the tobacco industry. for the forthcoming 2024 edition, the signs are promising to say the least: despite challenging …
Finalists announced for the Gama Innovation Awards 2024
MANCHESTER – 18th July 2024: Manchester-based global insights specialist Gama is today pleased to reveal the finalists that have been shortlisted for the 2024 edition of the Gama Innovation Awards. Recognising outstanding innovation in the FMCG space, the products shortlisted for the Gama Innovation Awards represent the very best launches unearthed in the last year by Gama’s global network of in-country researchers and analysts …
Switerland: Kruger Group buys Hermes Sussstoff
Kruger Group, a manufacturer of branded and private label consumer products, has announced the acquisition of Switzerland-based Hermes Sussstoff, a maker of tabletop sweeteners, from pharmaceutical company Klosterfrau. Through the acquisition, Kruger Group will add the Assugrin, Hermesetas and SteviaSweet brands. Assugrin is a popular brand in Switzerland, while Hermesetas leads the Northern European market and has a significant presence in Australia, the UK …
Canada: Regal Confections acquires Mondoux
Regal Confections, a leading distributor of global confectionery brands, has announced the acquisition of fellow Canadian sweets brand Mondoux. Founded in 1967 and headquartered in Quebec province, Mondoux owns leading brands such as Sweet Sixteen, Giacomo and Yoma, and has over 200 employees, as well as more than 115,000 sq ft of facilities. Commenting on the acquisition, Mondoux chairman Jean Mondoux said: “We are …
Italy: Investment fund Clessidra acquires cereal maker Molino Nicoli
Clessidra, an Italian private equity fund, has announced the acquisition of Molino Nicoli, a family-owned manufacturer of baked goods for an undisclosed amount, according to Just Food and Montenapo Daily reports. Founded in 1869, Molino Nicoli produces organic and gluten-free breakfast cereals, baby snacks, and cereal bars under the Vitabella brand for the US and European markets. It also manufactures private-label products including muesli, …
France: Emmi enters €900 million deal to buy Mademoiselle Desserts
Leading Swiss dairy company Emmi has announced it has entered into a put option agreement for the acquisition of French dessert firm Mademoiselle Desserts for €900 million ($1.02 billion) to expand in the premium desserts category. Founded in 1980, Mademoiselle Desserts is known for its premium patisserie products and dominates the European dessert market with 12 production facilities in France, the UK, the Netherlands …
USA: Smithfield to close Iowa facility
US food firm Smithfield Foods has announced the closure of a facility in Altoona (IA) that carries out ham boning. In a press release, the firm said it planned to consolidate production volume at other locations to improve the efficiency of its manufacturing operations. The facility’s 314 employees will be provided with transition assistance, including severance, financial incentives and alternative opportunities at the firm. …
Belgium: Royal A-ware to acquire The Dairy Food Group
Royal A-ware, a Dutch dairy conglomerate, has announced plans to The Dairy Food Group, a Belgian manufacturer of branded and private label dairy products. The acquisition is said to include fresh milk supplier Belgian Milk Company, dairy desserts business Eurodesserts, whipped cream specialist Incopack, rice dessert maker Incorock, and Limelco, a producer of fromage frais and associated dairy products. The deal is part of …
Tradeshow Look Ahead: Nicola Woods, Speciality & Fine Food Fair 2024
Gama spoke to Nicola Woods, Event Manager, ahead of the latest edition of Speciality & Fine Food Fair. What are your expectations for this year’s Speciality & Fine Food Fair? How will you be celebrating the landmark 25th edition? We’re really excited for this year’s event! It’s amazing to think how the speciality food & drink industry has evolved since 1999 and …
UK: Diageo sells Safari liqueur brand to Casa Redondo
UK alcoholic beverage multinational Diageo has announced it has agreed to sell its Safari spirits brand to Casa Redondo, a Portuguese alcoholic drinks company, as part of a portfolio review. Safari offers fruit-flavoured liqueurs and is primarily sold in Benelux, Portugal and Turkey. Commenting on the move, Diageo’s president, Europe John Kennedy said: “The sale of Safari reflects Diageo’s commitment to delivering consistent growth …
UK: Carlsberg to acquire Britvic
Carlsberg, the multinational brewer, has announced that it has entered into an agreement to acquire UK-based soft drink business Britvic for £3.3 billion ($4.2 billion) to expand its bottling operations across Europe. Britvic is the main partner for PepsiCo in the UK and Ireland with exclusive rights to manufacture, bottle, and sell brands including Pepsi, 7UP, and Lipton. It also owns brands such as …
USA: Home Market Foods acquires plant to boost meat production
Home Market Foods (HMF), a leading US food manufacturer, has announced that it has acquired a former pasta production plant in South Windsor (CT) for an undisclosed sum, with the intention of turning it into a state-of-the-art meat processing facility. HMF said it planned to invest $70 million to upgrade the site and equip it with advanced technology. The project is expected to generate …
France: Carlsberg acquires minority stake in Brasserie Du Pays Flamand
Carlsberg, the multinational brewer, has announced it has acquired a minority stake in local beermaker Brasserie Du Pays Flamand via its French subsidiary Brasseries Kronenbourg (BK). In a statement, BK said the strategic partnership would accelerate the distribution of the Anosteke brand across France. The company also intends to triple production capacity at Brasserie du Pays Flamand’s Merville site to 200,000 hectolitres over the …
Spain: Grupo Miguel Vergara acquires Valles del Esla beef business
Spanish beef supplier Grupo Miguel Vergara has announced the acquisition of its domestic peer Valles del from wine and beef specialist El Enebro. Valles del Esla operates an extensive livestock operation in the mountains of the Leon region and markets a range of beef products under its namesake brand. Commenting on the acquisition, company president and owner Miguel Vergara said: “[This acquisition] not only …
UK: PepsiCo launches chickpea-based Walker’s snacks
Global snacks giant PepsiCo has announced it is diversifying its Walker’s snack bran Monster Munch and Wotsits with three new products made from chickpeas instead of corn. Claimed to be a source of fibre, to contain fewer than 100 calories and to be 25% lower in salt than the typical extruded product, the range comprises Wotsits Cheese Toastie, Wotsits Crispy Bacon and Monster Munch …
India: Sumuka Agro to merge with Gujjubhai Foods
Sumuka Agro, an Indian consumer food brand, has announced that it has received approval from the Bombay Stock Exchange for its merger with Gujjubhai Foods, a manufacturer of packaged snack food items founded in 1974. In a statement, Sumuka Agro said the merger would consolidate business and assets and streamline the operations and networks of both companies, aiming for more efficient resource use. Both …
Denmark: Salling Group acquires 35 stores from Coop Denmark
Salling Group, Denmark’s largest grocery chain, has announced the acquisition of 35 stores from Coop Denmark. In a press release, the company said the deal included 25 365discount stores, as well as three and five under the Kvickly and SuperBrugsen banners respectively. Anders Hagh, CEO of Salling Group, said: “We are proud of the purchase, which gives us the opportunity to reach even more …
Brazil: Ambev to invest R$60 million in Corona lager production
Brazilian beverage producer Ambev has announced an investment in order to increase production capacity for its Corona lager brand in Rio de Janiero state. According to sources, the new production line started operating on the 24th June at Ambev’s plant in Campo Grande. The investment of R$61 million ($10.8 million) will cater to increased demand for Corona, which saw a 70% increase in sales …
Spain: Above Food acquires plant-based business Brotalia
Canadian plant-based food supplier Above Food has announced that it has acquired Brotalia, a subsidiary of Enhol that specializes in innovative food technologies. Founded in 2017, Brotalia is described as a manufacturer of plant-based alternatives to chicken, seafood, burgers, and meatballs that markets its products under the Foody’s banner. The company is said to be leading advanced research in dry fermentation technologies that upcycles …
India: Haleon to sell non-US nicotine replacement business to Dr Reddy’s
Haleon, a consumer healthcare firm, has announced it has entered into an agreement to sell its nicotine replacement therapy business outside of the US to Indian multinational pharmaceutical company Dr Reddy’s for £500 million ($633 million). The portfolio set to be acquired includes the brands Nicotinell, Nicabate, Habitrol, and Thrive, inclusive of all formats such as lozenges, patches and gums, as well as pipeline …
UK: Ehrmann acquires Trewithen Dairy
Ehrmann, a German dairy firm, has announced the acquisition of Trewithen Dairy, a family-owned dairy processor based in Cornwall, as it seeks to boost its presence in the UK market. Following the acquisition, Ehrmann will invest £20 million ($25.4 million) to develop a production facility for its High Protein and Grand Dessert lines. The facility is projected to be operational by 2026. Commenting on …
Paula Amaral, Head of Sustainability, Innovation and Strategy
Groupe Bel
Gama spoke to Paula Amaral, Head of Sustainability, Innovation and Strategy at Groupe Bel. Read the full Industry Insight in the latest issue of Gama News As traditionally a pure-play dairy firm, how is Groupe Bel adapting to ensure the sustainability of the business in the long term? We have a growth model that has two pillars – profitability and responsibility – because we know that …
Gama News – April-June 2024
The April-June 2024 edition of Gama News is now available. In this edition: o Industry Insight: Anna Bosch Güell, Noel Alimentaria o Insight by Gama Compass: ‘Food as fuel’ trend gets supercharged o Tradeshow Insight: Natural & Organic Products Expo 2024 o Innovation Insight: Nature’s Fynd Dairy-Free Yoghurt o Industry Insight: Paula Amaral, Bel Group o Tradeshow Insight: The Vaper Expo 2024 o Look Ahead: Speciality & Fine Food Fair 2024 o Look Ahead: Inter Tabac 2024 CLICK HERE to …
Fungi shake up yoghurt alternatives
The latest innovation insight from Gama Compass MANCHESTER – 28th June 2024: Fermentation and ‘non-animal dairy’ remain two of the hottest trends in the food industry. Our latest Innovation Insight focuses on a novel fungi-based dairy analogue that sees these two trends collide – Nature’s Fynd Dairy-Free Yoghurt. Read this Innovation Insight in the latest issue of Gama News Boasting “all the creaminess” of a conventional yoghurt in …
USA: SunOpta invests $26 million to expand oat milk capacity
SunOpta, a multi-national food and drinks company, has announced it has completed a $26 million expansion at its Modesto, California facility to increase annual production of oat milk by more than 60%. The company stated that its Modesto oat extraction production line was launched in May, employing proprietary enzymatic processes to break down whole oats into a liquid base to produce oat milk, plant-based …
India: Britannia to close biscuit factory in Kolkata
Consumer goods manufacturer Britannia has announced plans to close a factory in Taratala, Kolkata that manufactures biscuits, according to Times Now and Just Food report. Founded in 1947, the Taratala factory is described as Britannia’s second-oldest manufacturing site in India. It occupies 11 acres of leasehold land and supports a workforce of approximately 150. This decision follows the closure of other Britannia manufacturing plants …
Japan: Pernod Ricard starts construction on new gin distillery
Wine and spirits multinational Pernod Ricard has started construction om a new €25 million (US$26.8 million) distillery for its high-end Japanese gin brand Ki No Bi in Kameoka City, according to a FoodBev report. The new facility will be powered by renewables an is expected to increase production capacity for Ki No Bi at least fivefold. Commenting on the move, The Kyoto Distillery managing …
UK: Supreme plc acquires Clearly Drinks
Supreme plc, a diversified consumer goods supplier, has announced the acquisition of trade and assets of Clearly Drinks, a manufacturer of canned and bottled spring water and soft drinks, for £15 million ($19 million). Founded in 1885, Clearly Drinks has a portfolio of still and sparkling spring water, energy drinks, vitamin-infused beverages, juices, coffee-based drinks, and mixers and tonics, marketed under brands like Perfectly …
USA: Lassonde to acquire Summer Garden Food for $235 million
Lassonde, a producer of ready-to-drink fruit and vegetable juices and drinks, has announced it has entered into an agreement to acquire Summer Garden Food, a US-based specialty food manufacturer and distributor, for $235 million. Founded in 1946, Summer Garden operates as a wholly owned subsidiary of The Zidian Group, manufacturing, marketing and distributing sauces, marinades, dressings and other shelf-stable products. The company has a …
Spain: Idilia Foods acquires 50% of Cacaolat
Idilia Foods, a diversified Spanish food and drinks firm. has announced the acquisition of 50% of dairy drinks maker Cacaolat from beermaker Damm. Founded in 1933 in Barcelona, Cacaolat is known for its namesake brand of chocolate milk, as well as Letona and Laccao, and generated turnover of €82 million ($88.1 million) in 2023. In a statement, Idilia Foods and Damm said the acquisition …
USA: PBNA opens new drinks distribution facility in Colorado
PepsiCo Beverages North America (PBNA), has opened a new 115,000 sq ft distribution facility in Colorado Springs, USA. The new plant will reportedly quadruple the company’s inventory capacity for soft drinks, allowing it to distribute popular brands such as Pepsi, Gatorade, Celsius, and Rockstar to Colorado residents and consumers across the US. The new facility is said to incorporate cutting-edge technologies like solar power …
Japan: Kirin seeks full ownership of Fancl
Kirin, the leading Japanese drinks firm, has announced a ¥220 billion yen ($1.39 billion) tender offer to acquire the remaining shares in personal care firm Fancl, with the aim of making it a wholly-owned subsidiary. Kirin acquired around 33% of Fancl’s shares and established a capital and business alliance in 2019. “By commercializing ingredients created through the natural technology of fermentation, leveraging customer understanding …
USA: PepsiCo to build snack plant in Kazakhstan
US-based consumer goods giant PepsiCo has announced plans to build a new savoury snack plant in Almaty, in southeast Kazakhstan, according to a report in The Times of Central Asia. With an initial investment of $160 million, the plant is expected to be the largest of its kind in Central Asia and to produce products such as Lay’s potato crisps. According to David Manzini, …
Ireland: Kerry opens new cheese snack facility
Kerry, a leading food and food ingredients company, has announced the opening of a new facility in Charleville, Ireland for the manufacture of Cheestrings cheese snacks. The state-of-the-art facility will increase production capacity by 50% and generate 60 jobs in the local community. Commenting on the news, Kerry Group CEO Edmond Scanlon said: “Cheestrings has been a fantastic success story over the past 30 …
India: Mondelez International and Lotus Bakeries form partnership
Global snacking and confectionery giant Mondelez International has announced it has partnered with Lotus Bakeries to expand its presence in India and to develop new chocolate products. In a press release, Mondelez International said the joint venture would allow it to manufacture, distribute and market Lotus cookies in India, as well as create new co-branded chocolate products to be sold in Europe or possibly …
UK: Bidcorp acquires assets from Northern Bloc Ice Cream
Leading UK food and drinks supplier Bidcorp has announced it has acquired the trade and assets of ice cream manufacturer Northern Bloc. Operating since 2014, Northern Bloc is described as offering a broad product range including vegan, low sugar and bespoke ice cream Commenting on the acquisition Jim Gouldie, Bidfood UK supply chain and technical services director, said: “We’re delighted to welcome […] the …
France: Lactalis to close Romanian dairy plant
Lactalis, the French dairy giant, has announced plans to close a factory in Miercurea Ciuc, Romania, which it acquired through its 2016 acquisition of local milk processor Covalact. The company stated its aim was to consolidate its investments in its remaining four significant factories in Oiejdea, Sfantu Gheorghe, Campulung Moldovenesc, and Tunari. Production from the Miercurea Ciuc site will be transferred to the other …
USA: Venus Wafers to be acquired by Circumspect Capital
Venus Wafers, a US-based maker of crackers and flatbreads, is to be acquired by investment firm Circumspect Capital, according to a Food Business News report Founded in 1931, Venus Wafers is a manufacturer of organic whole grain crackers and flatbreads under the CaPeachio’s and The Original Mariner Biscuit brands, as well as supplying private label brands. The company’s portfolio includes artisan crackers, original crackers, …
Germany: Colussi acquires cracker producer Dr. Karg
Leading European snacking producer Colussi has announced it has reached a deal to acquire a majority stake in German cracker firm Dr. Karg, according to a report in Distribuzione Moderna. Dr. Karg manufactures a range of crispbread and other sweet and savoury snacking products, employing 240 staff at the company’s bakery in Schwabach. It exports its 36-strong product range to 25 countries. Colussi, which …
USA: Kikkoman starts work on Wisconsin manufacturing plant
Kikkoman, a leading manufacturer of soy sauce and related condiments, has started construction on a new production facility in Jefferson County (WI). The new $560 million factory will be the company’s second in Wisconsin and third in the US, situated close to its existing plant in Walworth. It is intended to be a sustainable next-generation production facility, offering flexibility alongside production efficiency and scalability …
USA: DayDayCook acquires Omsom
DayDayCook (DDC), a self-proclaimed content-driven consumer food brand, has announced the acquisition of Asian food brand Omsom. Founded in 2020, Omsom is described as a producer of cooking sauces and noodles, with the goal of making Asian cuisine accessible to US households. Commenting on the acquisition, DDC founder Norma Chu said: “Our presence in the U.S. is rapidly growing with the addition of Omsom …
USA: Saputo revamps cheese manufacturing network
Saputo, the Canadian dairy giant, has announced plans to close facilities in Lancaster (WI), Big Stone City (SD), Green Bay (WI), and South Gate (CA), as part of a revamp of its cheese manufacturing networl. At the same time the company is expanding operations at the new automated cut-and-wrap facility in Franklin (WI). Commenting on the move, Lino A. Saputo, chair of the board, …
UK: Pilgrim’s Pride to shut down West London factory
Leading UK food manufacturer Pilgrim’s Pride has announced plans to close a facility in West London that specialises in producing meat snacks for the UK retail market. The shuttering of the Spurway facility, which is expected to affect up to 270 staff, follows the mooted closure of another Pilgrim’s Pride factory in Southall. Both sites were acquired when Pilgrim’s Pride bought the Consumer Foods’ …
Nigeria: Diageo to sell Guinness Nigeria to Tolaram Group
UK alcoholic beverage multinational Diageo has announced the sale of its Guinness Nigeria business to the Tolaram Group, a diversified holding company based in Singapore. According to sources, Diageo will sell its 58.02% stake in Guinness Nigeria to the Talaram Group for 81.60 NGN ($0.05) per share, as part of its wider plans to exit the brewing business in Africa. In 2022, the firm …
Brazil: Baldoni to open jam facility
Leading Brazilian honey producer Baldoni has announced it is investing R$5 million ($923,000) in a plant to manufacture jams and preserves as it looks to diversify beyond its core category. The firm reportedly entered the new segment last September with the launch of jams sweetened with honey instead of sugar. Presently the range is being produced by manufacturing partners, but the company is now …
Tradeshow Insight: Vapexpo Spain 2024
Some 100 exhibitors and around 5,000 exhibitors descended on Madrid’s Pabellon de Cristal at the beginning of June for the fifth outing of Vapexpo, Spain’s now-established annual event for the tobacco alternative industry. A sister event to Vapexpo France, Vapexpo Spain promotes itself as Spain’s premier event for national and international e-liquid and equipment manufacturers, “modders”, wholesalers, store managers and health professionals, attracting both …
Nigeria: Kimberly-Clark exits with factory closure
US based household paper firm Kimberly-Clark has announced the closure of its nappy factory in Ikorodu, Lagos, and with it the company’s exit from Nigeria, Trend Type reports. According to sources, the factory is shutting its doors just two years after opening, having been operating at below capacity since 2023. Kimblerly-Clark is said to have struggled to make the plant profitable in the face …
USA: Ruiz Foods to close California production plant
Ruiz Foods, a Mexican food firm, has announced plans to close its manufacturing plant in Tulare, California. The affected factory commenced operations in 2004 as an extension of the Dinuba plant, initially planned as a short-term supplementary capacity solution. In a statement, Ruiz Foods said the facility was too small and would need significant capital investment to meet manufacturing requirements and remain a viable …
‘Food as fuel’ trend gets super-charged
Insight by Gama Compass MANCHESTER – 12th June 2024: The notion of ‘food as fuel’ (especially via protein enhancement) is accelerating in consumer goods innovation, the latest Insight by Gama Compass can reveal. This all fits within a wider trend for positioning that targets ‘performance’ and the ‘everyday athlete’, as the distinction between food and supplements becomes ever more blurred. Meat and dairy (not to mention …
Sweden: Cloetta to sell Nutisal roasted nuts brand
Cloetta, a leading northern European confectionery company, has announced a binding agreement to sell its Nutisal roasted nuts brand to Monchy Food, a Dutch producer and distributor of nuts, seeds and dried fruits, as part of its strategy to focus on its core confectionery portfolio. “The divestment is part of Cloetta’s previously communicated plan to continue streamlining the brand and product portfolio to reduce …
UK: Starbucks and Arla team up to launch protein coffee drink
Leading European dairy company Arla has teamed up with international coffee chain to launch Starbucks Protein Drink with Coffee, a new health-oriented drinking touting 20g of protein per 330g bottle. Available in the varieties Chocolate Mocha, Caffe Latte and Caramel Hazelnut, Starbucks Protein Drink with Coffee is claimed to be made with low-fat milk and to free from added sugar, and will launch with …
South Korea: Nissin Foods acquires Gaemi Food
Nissin Foods, the Japanese instant noodle manufacturer, has announced the acquisition of Korean snack company Gaemi Food for 48,000 million KRW ($35 million). Founded in 1995, Gaemi Food is defined as a manufacturer of crispy roll snacks under the Baked Crispy Roll name and confectionery under the brand Kemy, as well as snacks for infants and children. Commenting on the acquisition, Nissin Foods executive …
USA: Smithfield Foods to acquire dry sausage facility from Cargill
US meat producer Smithfield Foods has announced it has entered into an agreement to acquire a dry sausage facility in Nashville, TN from commodities giant Cargill. The new facility will manufacture goods for Smithfield Foods’ dry sausage brands such us Margherita, Carando and Armour to cater to increased demand, the company said. “This transaction is a testament to our continued focus on growing our …
Philippines: Yakult opens new production facility
Yakult, the Japanese probiotic dairy drink manufacturer has announced the opening of its second production facility in the Philippines. Built at a cost of 2 billion PHP ($34 million), and located in El Salvador, Mindanao, the new facility sits on a site of roughly 42,000 sq m, and will produce drinks under the Yakult brand and later also Yakult Light. “Yakult Philippines Plant 2 …
Italy: Valeo Foods acquires bakery manufacturer Dal Colle
Leading European sweets and snacks producer Valeo Foods has announced it has reached a deal to acquire the assets of Dal Colle, an Italian manufacturer of baked goods. With distribution in over 35 countries, Dal Colle is renowned for a 180-strong range of sweet bakery items including croissants and the traditional Italian cakes pandoro and panettone. Commenting on the deal, CEO of Valeo Foods …
USA: Schwan’s outlines plans for Asian food production in South Dakota
Schwan’s, a leading US based food company and CJ Foods subsidiary, has announced it has purchased a 142-acre site in Sioux Falls, SD to accommodate its new facility for the production of Korean-style foods under the Bibigo brand. The new plant is set to manufacture a variety of Asian-inspired dishes, accompaniments, canapes, and starters. The company also announced it would open a regional office …
Germany: Haribo invests €300 million in new production plant in Neuss
Haribo, the world’s leading manufacturer of licorice and gummy sweets, has announced it is investing €300 million ($326 million ) in a new production plant in Neuss, in Germany’s North Rhine-Westphalia region. The company said it was planning to acquire 14 hectares of land for the new plant at the Neuss-Holzheim industrial park. This new facility will function alongside the existing Julicher Landstrasse site …
Canada: Kraft Heinz launches upscale salad dressing brand
Multinational FMCG firm Kraft Heinz has announced the launch of “premium” shelf-stable, premium dressings and marinades brand Pure J.L. Kraft exclusively for the Canadian market. Described as being free from artificial preservatives, flavours and colours, the brand will comprise 12 products, including blends such as Pomegranate Zaatar, Honey & Shallots, Miso Lime Ginger, Moroccan Lemon, Orange Turmeric Poppyseed and Black Garlic & Cracked Pepper. …
Tradeshow Insight: London Wine Fair 2024
Read more insights in the latest issue of Gama News Serving as a focal point for the wine industry in the UK, London Wine Fair (LWF) returned for its latest outing this spring, welcoming just over 400 exhibitors to the Kensington Olympia showgrounds in London for three days of learning, networking and deal-making. Focusing heavily on visitor “quality” as a key metric, show organisers reported that while …
USA: Campbell Soup closes plant, plans supply chain investments
US based food and beverage manufacturer Campbell Soup Company has announced an “optimisation plan to fuel growth” that includes the closure of a manufacturing plant in Oregon and supply chain investments elsewhere. In a press release, the company said the plan would enable improved return on capital, enhanced effectiveness and efficiency of both its manufacturing and distribution networks. Commenting on the move, Dan Poland, …
Italy: Sabelli acquires Stella Bianca cheese brand from Mila
Sabelli, a leading Italian manufacturer of fresh cheeses based in the Marche region, has announced a binding agreement to acquire local cheesemaker Stella Bianca from the Latte Montagna Alto Adige (Mila) dairy cooperative. Founded in 1978, Stella Bianca has an annual turnover of €51 million ($55 million) and a 185-strong workforce. It produces a range of spreadable cheeses made of 100% Italian milk, including …
USA: CVS Health launches Well Market “wellness” oriented brand
CVS Pharmacy, the retail division of the health solutions company CVS Health, has announced the launch of Well Market, a private label brand of snacks, beverages, and other groceries focused on “wellness”. The line includes a selection of nutrition options which claims to cater to different consumer dietary needs, from gluten-free to vegan and keto. Among the items, the company claims to offer a …
USA: Weaver Popcorn to invest $22 million to upgrade Indiana plant
Weaver Popcorn, a leading US popcorn producer, has announced an investment of $22 million to upgrade its manufacturing plant in Van Buren (IN). Founded in 1928, Weaver Holdings is described as the leading independent popcorn producer in the United States, offering popping corn, microwave popcorn, and ready-to-eat popcorn under the Pop Weaver brand. The investment will reportedly facilitate the addition of new food processing …
France: Essity invests in R&D centre
Swedish hygiene and health firm Essity has announced that it is investing in a new research and development centre in France’s Alsace region. In a press release, the company said the state-of-the-art centre will focus on tissue products in order to meet evolving demand of branded tissue in both the Consumer and Professional Hygiene markets. Commenting on the decision, Magnus Groth, President and CEO …
South Africa: Melitta acquires majority stake in Caturra roastery
Melitta, the German coffee and coffee accessories has announced the acquisition of a majority stake in Caturra, a roastery located in the South African city of Cape Town. According to Melitta, Caturra has around 25 employees and has been operating for 30 years, roasting and distributing coffee and serving the South African market in both the retail and out-of-home channels. Matthias Rensch, managing director …
Singapore: Good Meat launches “world first” cell-based chicken
Good Meat, a US-based cultivated meat company, has announced what it claims is the world’s first launch of cell-based chicken in collaboration with Singapore’s Huber’s Butchery. The new product, called Good Meat 3, is described as a low-cost chicken mince formulation with 3% cultivated chicken, and is promoted as having the same taste, texture and experience as conventional chicken. Commenting on the launch, Josh …
USA: Herr Foods to invest $31 million in in Southeast Ohio
Herr Foods, a US based snack manufacturer, has announced an investment of $31 million to add a new manufacturing plant in Jackson and upgrade a facility in Chillicothe (OH). Founded in 1946, Herr Foods has a portfolio of more than 340 snack products, including crisps, cheese curls, pretzels, and popcorn, with a workforce of 1,400. According to the company, it has purchased the Jackson …
USA: Arcadia Biosciences sells GoodWheat brand to Above Food
Arcadia Biosciences, the US manufacturer of plant-based consumer products, has announced an agreement to sell the GoodWheat brand to Above Food for $4 million. Launched in 2018, the GoodWheat brand aims to help consumers increase their fibre intake with products such as pasta, pancake mixes and macaroni and cheese meals that are made from patented, non-GMO wheat. Commenting on the transaction, president and CEO …
USA: Dessert Holdings acquires Kenny’s Great Pies
Dessert Holdings, a portfolio company of Bain Capital, has announced the acquisition of cream-based pies Kenny’s Great Pies from private equity firm Kaho Partners. Founded in 1931, Kenny’s Great Pies is described as a producer of cream-based pies and fillings specialising in key lime pie and flavours including mango, coconut cream, peanut butter and chocolate silk. Commenting on the move, Dessert Holdings chief executive …
USA: Land O’Frost to cease operations at Illinois facility
Land O’Frost, the US manufacturer of ready-to-eat processed meats, has announced plans to close its manufacturing plant located in the Pullman neighbourhood of Chicago (IL). The company, which caters to both retail and food service channels, produces deli sliced packaged lunchmeats, hot dogs, sausages, bacon, and spiral ham under brands such as Bistro Favorites and Deli Shaved. In a notification released to the state …
USA: Next In Natural acquires botanical drinks brand Sound
Next In Natural, a private equity company focused on scaling natural food and drink brands, has announced the acquisition of Sound Brands, a maker of sparkling botanical drinks. Sound Brands is described as a producer of sparkling water made with organic tea, botanicals, and fruit extracts. The company’s products are claimed to be free from sugar, sweeteners, and artificial flavours and preservatives. Commenting on …
USA: Panos Brands acquires The Santa Barbara Smokehouse
Panos Brands, a producer of branded consumer foods, has announced the acquisition of smoked salmon producer The Santa Barbara Smokehouse (SBS). Founded in 2004, SBS markets products under the Cambridge House and Coastal Harbor for both the food service and retail channels. The deal follows Panos Brands’ purchase of salad dressing firm Tessemae’s in January 2024. Commenting on the acquisition, Panos Brands CEO Darcy Zbinovec …
UK: PepsiCo invests £8 million in Pipers crisps plant
FMCG multinational PepsiCo has announced that the company is investing £8 million ($10 million) to upgrade a UK factory in Brigg that manufactures its premium Pipers brand of crisps. In a press release, PepsiCo said the the investment would enable the firm to meet growing demand by boosting production capacity by 80%. The company said it would add more efficient fryers, install two new …
UK: Vector Consumer strengthens in collagen with Dose & Co buy
UK-based consumer healthcare firm Vector Consumer has announced it is strengthening in the supplement space with the acquisition of s Dose & Co from brand developer Zuru Edge. Founded in New Zealand in 2019, Dose & Co. has a portfolio that includes Pure Collagen Peptides powder, Beauty Collagen, Marine Collagen Peptides powder, and collagen creamer. The deal follows Vector Consumer’s purchase of the Pura …
Tradeshow Insight: The Vaper Expo UK May 2024
Mid-May saw Birmingham’s NEC once again become a focal point for the newest developments in consumer goods, as the latest edition of The Vaper Expo UK, a twice-yearly event for the global e-cigarette industry, took centre stage. Gama with Raul Singh, Director, Gold Mary A typically lively and colourful affair, The Vaper Expo UK welcomed as many as 300 exhibitors, as well as around …
France: McCain to invest $378 million in potato operations
Potato and frozen food specialist McCain has announced an investment of €350 million ($378 million) to bolster its production facilities in France. The investment is set to increase production in the country from 600,000 tonnes of finished products to roughly 750,000 tonnes. The company’s Harnes site is set to receive the bulk of the funds, but €30 million ($33.3 million) is also earmarked for …
Canada: Bimbo to close bakery plant in Quebec
Bimbo Canada, a subsidiary of Mexican bakery giant Grupo Bimbo, has announced plans to shutter its manufacturing plant in Levis, Quebec province. The decision comes against a decline in production and strategic efforts to improve efficiency, increase capacity utilization and reduce overall costs, the company said in a statement. Bimbo’s portfolio in Canada includes brands such as Dempster’s, Stonemill, Villaggio, Natural Bakery, POM, Vachon, …
USA: Our Home acquires Sonoma Creamery
Our Home, a US-based snack company, has announced the acquisition of Sonoma Creamery, a cheese snack maker based in California. Founded in 1931, Sonoma Creamery has a portfolio that includes Cheese Crisps and Cheese O’s, both of which are described as gluten-free and high in protein. As a result of the acquisition, Our Home will add a production facility and warehouse in Sonoma, expanding …
Tradeshow Insight: Food & Drink Expo 2024
Gama with Heather Mills, Founder, VBITES Hailed as the “busiest” edition to date, the 2024 edition of Food & Drink Expo (and its co-located events) yet again emerged as a significant showcase of the latest in food and drinks innovation in the UK and beyond. Gama with Ian Taylor, Retail Director, Spar UK Absorbing much of the Birmingham NEC’s extensive showgrounds for three days …
Malaysia: Fraser & Neave to build dairy plant in Cambodia
Fraser and Neave, the Singapore-based brewing firm, has announced plans to invest 179.5 million MYR ($37.5 million) to build a dairy plant in Cambodia, with a focus on canned milk production. In a statement, the firm said it intended to lease 32,200 sq m of land, build the facility, and procure machinery for the production of sweetened beverage creamer. The “strategic move” aligns with …
Tradeshow Look Ahead: Leana Salamah, Summer Fancy Food Show 2024
Gama spoke to Leana Salamah, SVP Marketing & Communications, Specialty Food Association, ahead of the latest edition of the Summer Fancy Food Show. What are your expectations for this edition of the Summer Fancy Food Show? What features are there for visitors to look forward to? We’re incredibly excited for the 2024 Summer Fancy Food Show. In addition to many returning popular features, …
USA: Barney & Co invests in second manufacturing facility
Barney & Co, the number two almond butter producer in the US, has announced it has invested in a second manufacturing plant in Fresno, California, as part of a plan to diversify its product line, starting with peanut butter. The new manufacturing site claimed to feature cutting-edge equipment and strict quality controls to ensure a consistently smooth texture and product homogeneity. Commenting on the …
USA: Lancaster Colony ceases production of Flatout, Angelic Bakehouse brands
Lancaster Colony, a manufacturer and marketer of specialty food products, has announced it is ceasing production of baked goods under its Flatout and Angelic Bakehouse brands, including the closure of facilities in Saline (MI) and Cudahy (WI). The company acquired Angelic Bakehouse in 2016, and Flatout in 2015. In a statement, the firm said the decision was part of its plans to focus toward …
USA: Pasture Brands acquires Pillars Yogurt
Pasture Brands, a portfolio company of Benford Capital Partners created in 2021 to buy Farmers Hen House Group and other natural, fresh and refrigerated food and drinks firms, has announced the acquisition of Pillars Yogurt, a drinkable Greek yogurt company. Founded in 2016, Pillars Yogurt is described as a better-for-you, clean-label brand with a portfolio of single and multi serve yoghurts, as well as …
USA: Killer Brownie investing in expanded facility
Killer Brownie, a maker of single-serve and assorted brownies, has announced plans to invest up to $1 million to expand its manufacturing plant in Miamisburg, OH. According to sources, the company is planning to add a 10,500 sq ft facility adjacent to its existing 27,000 sq ft plant, adding both office space and an R&D centre. Commenting on the move, Killer Brownie chief operating …
USA: Mondelez International expands Chips Ahoy! brand into gluten free
Consumer goods major Mondelez International has announced the first ever expansion of the market leading Nabsico Chips Ahoy! chocolate chip cookie brand into the free-from arena with the launch of Chips Ahoy! Gluten Free. Described as being one of the first products to emerge from the company’s recently-opened R&D innovation centre, Chips Ahoy! Gluten Free is said to be the result of years of …
Netherlands: Lipton Teas and Infusions enters partnership with Browns
Netherlands-based Lipton Teas and Infusions, the tea business divested by Unilever formerly known as Ekaterra, and Sri Lankan conglomerate Browns have agreed a new partnership that will reportedly make the latter the world’s leading tea producer. The long-term agreement will see Lipton Teas and Infusions cede control of its tea estates in Kenya, Rwanda and Tanzania, with a stipulation that tea will be grown …
Anna Bosch Güell, Director General
Noel Alimentaria
Gama spoke to Anna Bosch Güell, Director General at Noel Alimentaria. Read the full Industry Insight in the latest issue of Gama News What major trends do you expect to shape food innovation in 2024 and beyond? Health-oriented products, products with extra-high protein, plant-based options made from vegetables that emulate fish and meat, locally-sourced products, and manufacturing processes that minimize environmental impact: these are some of the …
USA: Rubicon Bakers acquires Lucky Spoon Bakery
Rubicon Bakers, a portfolio company of Trive Capital specialising in baked goods, has announced the acquisition of Lucky Spoon Bakery, a maker of gluten-free cakes and biscuits headquartered in Salt Lake City (UT). Founded in 2010, Lucky Spoon is described as a manufacturer of fresh cakes, cupcakes, biscuits, and brownies. Rubicon Bakers, which also includes the Just Desserts business, said the acquisition was a …
USA: Martin’s Famous Pastry Shoppe to invest $123.2 million in plant expansion
Martin’s Famous Pastry Shoppe, a baker of bread and roll products, has announced plans to invest $123.2 million to expand its manufacturing facility in Chambersburg, Franklin County (PA), generating at least 127 jobs over the next five years. Established in 1955, Martin’s Famous Pastry Shoppe is known for producing bread, potato bread, swirl potato bread, potato rolls, hoagie rolls, and Potatobred soft cubed stuffing. …
Tradeshow Look Ahead: Peggy Davies, PLMA – World of Private Label 2024
May 8, 2024
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Gama spoke to Peggy Davies, PLMA President, ahead of the latest edition of PLMA – World of Private Label. What are your expectations for this edition of PLMA? What features are there for visitors to look forward to? With a record breaking 2,800+ exhibitors from 70 countries, at PLMA’s World of Private Label in Amsterdam the industry can expect a variety of trendy …
UK: Dale Farm invests in cheddar processing plant
Dale Farm, a Northern Ireland dairy cooperative, has announced an investment of £70 million ($87.5 million) to expand its cheddar processing facility in Tyrone. The expansion will involve installing a new high-speed automated cheese slicing line, expanding the warehouse footprint, and investing in the development of new patented products and processes, the company said. It will also boost cheese production by 20,000 tonnes per …
USA: Walmart launches private label brand BetterGoods
US retail giant Walmart has announced the launch of BetterGoods, a new brand that is claimed to mark the company’s largest private-brand food launch in 20 years. According to Walmart, the range features 300 products, including frozen, dairy, snacks, beverages, pasta, soups, coffee, chocolate and more. BetterGoods products will also fall within three “category pillars”, namely “culinary experiences” (such as specialty salts, jarred soups …
Australia: Asahi Beverages acquires spirits maker Never Never
Japanese drinks giant Asahi has announced the acquisition of South Australian spirits maker Never Never through its alcoholic beverages division, Carlton & United Breweries (CUB). Founded in 2016, Never Never offers gins under brands such as Triple Juniper, Oyster Shell, and Grenache and has full-time headcount of around 15. Commenting on the deal, Asahi CEO Amanda Sellers commented: “We are acquiring Never Never because …
Belgium: General Mills acquires pet food maker Edgard & Cooper
US food giant General Mills has announced the acquisition of Edgard & Cooper, a Belgium-based company described as Europe’s leading independent premium pet food maker. “With this transaction, the company further advances its Accelerate strategy, including the prioritization of its core markets, global platforms and local gem brands to drive sustainable, profitable growth and top-tier shareholder returns over the long term”, the company said …
USA: Simply Good Foods to acquire protein shake brand Only What You Need
Simply Good Foods, a US-based manufacturer and distributor of nutritional foods and snacks, has announced the acquisition of Only What You Need (OWYN), a 100% plant-based ready-to-drink protein shake brand and portfolio company of Purchase Capital. Headquartered in New York and founded in 2017, OWYN is described as a leading shake brand offering products that are high in protein but low in sugars and other …
Belgium: Greenyard acquires Creme de la Creme
Greenyard, the leading Belgian fruit and vegetable processor, has announced the acquisition of Creme de la Creme, a plant-based ice cream and frozen dessert company. According to Greenyard, the acquisition aligns with its strategy to create a full range of healthy, plant-pure products through its Greenyard Frozen division. Founded in 1999, Creme de la Creme is described as a private-label manufacturer of frozen desserts …
India: Royal Canin opens pet food packing plant in Maharashtra
Mars affiliate company, Royal Canin, has announced the opening of India’s first and Asia’s second-largest packaging plant for pet food products in Bhiwandi, Maharashtra, with an investment of R$100 crore ($13.5 million). The state-of-the-art packaging centre reportedly features an automatic packing machine and relevant utilities, facilitating the effective conversion of bulk goods into retail packs. Royal Canin global president Cecile Coutens said: “India is …
India: Nestle and Dr Reddy’s announce joint venture for nutraceutical brands
The Indian arm of consumer goods giant Nestle and Indian multinational pharmaceutical company Dr Reddy’s have formed a joint venture to offer new nutraceutical brands to consumers in India and other agreed territories. The joint venture will establish its headquarters in Hyderabad, and select brands will be licenced by both parties. Nestle Group will license brands such us Nature’s Bounty, Osteo Bi-Flex, Ester-C, Resource …
Italy: Latteria Soresina and Zanetti acquire Saviola
Italian dairy firms Latteria Soresina and Zanetti have announced the acquisition of 100% of the shares in Saviola, an Italian manufacturer of Protected Designation of Origin (PDO) cheeses including parmigiano reggiano and grana padano. With turnover in 2023 of €518 million ($555 million), Latteria Soresina is best known for producing milk, butter and Italian cheeses such as gorgonzola and parmigiano reggiano. Zanetti is a …
UK: WJFG acquires Lottie Shaw’s
William Jackson Food Group (WJFG), a leading UK food supplier, has announced the acquisition of Lottie Shaw’s, a Yorkshire-based bakery business, via its subsidiary Jackson’s of Yorkshire. Founded in 2008, Lottie Shaw’s is described as a manufacturer of biscuits, parkin, confectionery, gingerbread, cakes, tarts, and vegan baked treats. Its product portfolio also includes drinks such as Holmfirth tea, Bottegga prosecco, Marsonne Viognier red and …
Saudi Arabia: Spinneys plans first store openings
Spinneys, the United Arab Emirates (UAE) based retail chain, has announced plans to open its first stores in Saudi Arabia as it seeks to expand its presence in the Gulf Cooperation Council (GCC) region. Spinneys is an operator of premium grocery retail supermarkets under the Spinneys, Waitrose and Al Fair brands, and presently has stores in Egypt, Qatar, Lebanon, Oman, Pakistan and Afghanistan as …
USA: Palermo Villa to build a new facility in Wisconsin
Palermo Villa, a leading US manufacturer of branded and private label frozen pizza, has announced plans to build a 200,000 sq ft production facility in West Milwaukee, WI. Founded in 1964, Palermo Villa has a brand portfolio that includes Palermo’s Pizza, Screamin’ Sicilian, Urban Pie Pizza Co., Surfer Boy, Connie’s Pizza, and Funky Fresh Spring Rolls. Commenting on the move, Palermo chief executive officer …
Tradeshow Insight: Natural & Organic Products Expo 2024
With sustainability continuing to embed itself as a mainstream concern within fast moving consumer goods (FMCG), London’s Natural & Organic Products Expo (NOPEX) once again proved a major draw for industry professionals keen to explore the latest in eco-friendly product innovation and the hottest purpose-led trends. Gama with Frank Lantz, Director of Taste, Uhh-mami With some 6,210 delegates and 600 exhibitors congregating inside ExCel’s …
Nigeria: Heineken subsidiary Nigerian Breweries to rationalise production
Nigerian Breweries, Nigeria’s leading beermaker and subsidiary of global brewing giant Heineken, has announced plans to temporarily pause operations at two of its nine breweries and optimise production capacity at the other seven breweries, as part of a Business Recovery Plan. In a statement, the firm said the move, which also includes a Rights Issue, was essential to improve its operational efficiency and financial …
Canada: Olymel to close Quebec pork and poultry plant
Canadian meat supplier Olymel has announced plans to close a plant in Saint-Jean-sur-Richelieu, Quebec province that manufactures pork and poultry products. This decision comes against a backdrop of falling production volumes, which has led the plant to operate at only 40% of its operational capacity, the company said in a statement. Olymel, which markets products under brands such as Olymel, Lafleur, Flamingo, La Fernandiere, …
USA: Daisy Brand to build $627 million facility in Iowa
Daisy Brand, a leading manufacturer of dairy-based products, has announced plans to invest $627 million to build a new processing plant in Boone, IA to meet increased demand. Spanning an area of 750,000 square feet, the facility will be the company’s fourth and is expected to create 255 jobs for the region once fully operational. The company also has manufacturing sites in Garland (TX), …
Mexico: Mission Foods to further expand production capacity
Mission Foods, a subsidiary of bakery firm Gruma, has announced plans to spend M$792 million ($46.3 million) over the next five years to build a new plant in Puebla and expand its existing Huejotzingo plant that makes tortilla, toast and fried food. The company said the investment would meet increasing demand in Mexico’s Central, Bajio, and Southern regions. The plant will have capacity for …
Entries open for the Gama Innovation Awards 2024
MANCHESTER – 19th April 2024: Gama, a global provider of business information and services specializing in FMCG product innovation and international trade, has today officially opened entries for the ninth edition of the Gama Innovation Conference & Awards (GICA), taking place in the iconic Bridgewater Hall in Manchester on Thursday, 24th October 2024. As ever, GICA will begin with the Gama Innovation Conference, bringing together the great and …
Tradeshow Look Ahead: Andy Mather, Vitafoods 2024
Gama spoke to Andy Mather, Brand Director for Vitafoods Europe at Informa Markets, ahead of the latest edition of the leading ingredients tradeshow. What are your expectations for this edition of Vitafoods Europe? What features are there for visitors to look forward to? Since launching in 1997, Vitafoods Europe has become the go-to annual event for the nutraceutical industry, and 2024 marks our …
USA: Next Century Spirits acquires Southwest Spirits & Wine
Next Century Spirits, a US-based distilled spirits and marketing firm, has announced the acquisition of a majority stake in the brand assets of Texas-based peer Southwest Spirits & Wine. In a press release, Next Century Spirits said the deal included the Nue Vodka brand, which has an approximate annual volume of 220,000 9 litre cases across 29 states, as well as The Other 49 …
UK: Samworth Brothers acquires Real Wrap Co
UK food manufacturer Samworth Brothers has announced it has completed the acquisition of Real Wrap Co, a producer of ready-made sandwiches and wraps. The Ginsters brand owner had previously acquired a minority stake in the business. Founded in 2010, Real Wrap Co. is described as a manufacturer of chilled and ready-to-heat sandwiches, wraps, salads and fruit and granola pots, as well distributing the Pollen …
Brazil: Emmi Group to acquire a majority stake in Verde Campo
Leading Swiss dairy company Emmi has announced the acquisition of a majority shareholding in Verde Campo, a Brazilian maker of yoghurt, milk drinks and other dairy products from soft drinks major Coca-Cola via its Brazilian subsidiary Laticinios Porto Alegre. Verde Campo is described as a “pioneer in protein” and is claimed to be particularly popular among consumers in the large Brazilian cities, who place …
Netherlands: Bridor acquires Pandriks
Bridor, a bakery company owned by Le Duff, has announced the acquisition of Pandriks, a company that produces organic and artisan-inspired bakery products. Established in 2012 in the Netherlands, Pandriks is described as a manufacturer of raditional bakery products and organic bread under private label and through its own brand SlooOW. It operates production facilities in Meppel, Netherlands, and Fulda, Germany, supplying products both …
USA: Cafe Spice opens second processing facility
Cafe Spice, a leading US processor of Indian meals, has opened a new 70,000 sq ft processing plant in Beacon, NY to boost production capacity and improve efficiency. The state-of-the-art plant reportedly features advanced batch cooking kettles and a continuous chilling and stabilization process utilising spiral chillers. Commenting on the news, Cafe Spice CEO and co-founder Sameer Malhotra said: “This is a momentous achievement …
South Africa: Tiger Brands opens new peanut butter plant
South African consumer goods firm Tiger Brands has announced the opening of a 300 million ZAR ($15.8 million) peanut butter manufacturing facility in the city of Johannesburg, South Africa. The company described the move as one of its largest capital investments for a single project. The new facility aims to modernise operations, providing increased in-house flexibility for faster innovation and new product launches. Black …
Germany: Rewe opens first fully vegan store in Berlin
Leading supermarket chain Rewe has announced it has opened Voll Pflanzlich, its first store entirely dedicated to vegan and plant-based products, located in the Friedrichshain district of the German capital Berlin. Claimed to offer over 2,700 products – twice as many as a typical Rewe supermarket, the new 212 sq m concept store lists 300 different brands, including the own label Rewe Bio + …
Ireland: McCain fully acquires Strong Roots
Potato and frozen food specialist McCain has announced it has bought the outstanding shares Strong Roots, a plant-based frozen food company based in Ireland, to fully acquire the company. McCain had previously invested $55 million to acquire a minority stake in Strong Roots in 2021. Commenting on the acquisition, McCain chief growth and strategy officer Peter Dawe said: “Since 2021, our partnership with Strong …
UK: Molson Coors invests £100 million
Molson Coors has announced an investment of £100 million ($124 million) in its UK business over the next five years. In a statement, the company said the decision would allow it to increase its brewing and packaging capabilities at its largest UK facilities in Burton-on-Trent and Tadcaster, which supply the UK and Western Europe markets. Commenting on the move, Fraser Thomson, Molson Coors chief …
Brazil: Flora opens new distribution centre
Brazilian personal hygiene, beauty and household care firm Flora has announced the opening of a new distribution centre in Bauru, Sao Paulo state. According to sources, the 3,000 sq m centre is intended to be a hub for the company that will allow it to expand its presence to strategic regions. Thiago Cardoso, distribution director at Flora, commented: “This investment complements our push to …
Australia: Lactalis to shutdown Pauls dairy factory in Echuca
French dairy group Lactalis has announced plans to close a factory in Echuca, in the Australian state of Victoria, that manufactures milk and yoghurt products for the Pauls brand. The move follows a decision by the company to consolidate its yoghurt and dessert operations at its larger regional centre of Bendigo, which is set to benefit from an A$85 million ($56.3 million) investment over …
UK: Pladis integrates Godiva Chocolatier into brand portfolio
Pladis, the global snacks firm, has announced it has completed the integration of chocolate firm Godiva Chocolatier into its product portfolio, alongside established brands such as Ulker and BN, and well-known British biscuit brands McVitie’s, Carr’s and Jacob’s. The strategic step will strengthen Pladis’s £3 billion ($4.05 billion) pre-Godiva annual net revenue and create a 16,000-strong global workforce, the company said. The integration process …
USA: PepsiCo to permanently close Illinois Quaker factory
PepsiCo, the US-based food and drinks business, has announced the closure of the Quaker facility it operates in Danville, in the US state of Illinois. The decision is said to follow a recall of granola-based snacks made at the factory due to potential salmonella contamination. “After a detailed review, we determined that meeting our future manufacturing needs would require an extended closure for enhancements …
USA: J&J Snack Foods acquires Thinsters biscuit brand
American snack manufacturer J&J Snack Foods has announced the acquisition of the Thinsters biscuit brand from Hain Celestial, an organic and natural products company. Thinsters are described as thin, bite-size cookies that are oven-baked with real butter and real sugar. The Hain Celestial Group, which itself acquired Thinsters in 2021 along with That’s How We Roll brands and ParmCrisps, said the decision would optimize …
South Korea: Innohas to open world’s largest plant-based food facility
Innohas, a South Korean food maker, has announced the opening of a manufacturing site which is claimed to be the largest fully plant-based food facility anywhere in the world. Sited in Jecheon, South Korea, the new facility will reportedly produce Korean-style plant-based foods under Innohas’s Sunlit Foods brand to cater to increased demand for Korean cuisine. Established in 2001, Innohas operates under a namesake …
USA: Riviana Foods expands production capacity at Memphis plant
North American rice and pasta specialist Riviana Foods has announced it has completed the first phase of a $80.6 million investment in a start-of-the-art processing and packaging plant in Memphis, Tennessee. In a press release, the Ebro Foods subsidiary said the first phase of the project upgraded approximately 20,000 sq ft of the facility to double capacity for Minute ready-to-serve rice cups. Commenting on …
USA: Uncle Matt’s Organic opens new manufacturing plant
Uncle Matt’s Organic, a producer of organic beverages, has opened a new 75,000 sq ft manufacturing plant in the US state of Texas, to the west of Dallas and Fort Worth. The facility will reportedly take charge of 100% of Uncle Matt’s chilled juice production. Commenting on the move, Uncle Matt’s Organic founder and chief executive officer Matt McLean said: “Having doubled in size …
Netherlands: St. Paul to buy Koninklijke ERU
St. Paul, a leading Dutch cheese processor, has announced the acquisition of Koninklijke ERU, an independent Dutch cheese dairy, to create an alliance for the production of a wide range of processed cheese products. Founded in 1824, Koninklijke ERU is known for brands such as Balans, Goudkuipje and Prestige, with a product range that includes both spreadable and American-style single-slice cheese. Commenting on the …
USA: Cooke to close Massachusetts seafood facility
True North Seafood, a subsidiary of Canadian seafood specialist Cooke, has announced plans to close a facility located in New Bedford, in the US state of Massachusetts. True North Seafood, which acquired the New Bedford site as part of the 2020 acquisition of Mariner Seafood, said it would shift operations to its sister plant at Wanchese Fish Company in Virginia. According to sources, the …
India: PepsiCo to set up drinks flavour manufacturing facility
PepsiCo, the global snacks and drinks giant, has announced plans to invest 1,266 crore INR ($154 million) to set up a flavour manufacturing facility for beverages in Ujjain, in India’s Madhya Pradesh state. The plant, spanning an area of approximately 22 acres, is expected to enhance PepsiCo’s beverage production capacity and create more employment opportunities, the company said in a statement. The company added …
South Africa: Varun Beverages completes acquisition of BevCo
Varun Beverages (VBL), the Indian bottler for PepsiCo, has completed the acquisition of BevCo, a South African beverage company, following approval from the South African Competition Commission. The proposed acquisition was announced in December 2023, valuing BevCo at 1,320 crore INR ($16.4 million). BevCo is described as a leading independent manufacturer and distributor of licensed PepsiCo and own-brand non-alcoholic drinks. It is known for …
Brazil: Louis Dreyfus Company to acquire Cacique
Netherlands-based commodities firm Louis Dreyfus Company (LDC) has announced it has entered into an agreement to acquire Cacique, a major Brazilian maker of soluble coffee, for an undisclosed sum. Cacique is described as a leading independent global producer, processor, and exporter of soluble coffee, with two manufacturing sites in Brazil. It has a portfolio of 65 instant coffee products that is exported to more …
Gama News – January – March 2024
The January – March 2024 edition of Gama News is now available. In this edition: o Industry Insight: Frank Mertens, Go Mate Drinks o Insight by Gama Compass: Local provenance anchoring food & drink positioning o Tradeshow Insight: Alimentaria 2024 o Innovation Insight: Fazer Taste The Future Chocolate Bar o Industry Insight: Mauricio García de Quevedo, FIAB o Tradeshow Insight: IFE 2024 o Look Ahead: Vitafoods Europe 2024 o Look …
Tradeshow Look Ahead: Francisco López Bago, Salon Gourmets 2024
Gama spoke to Francisco López Bago, president of Grupo Gourmets, ahead of the latest edition of Salon Gourmets. What do you expect from this year’s Salon Gourmets? As in the previous edition, we will fill five halls, which means 65,000 sq m of exhibition space, nearly 2,000 exhibitors, 55,000 products… We also have eight stages where dozens of activities will take place, in …
Australia: Vitality Brands acquires Essano
Australian company Vitality Brands has entered into an agreement to acquire Essano, a New Zealand-based beauty brand, for an undisclosed sum. This deal will bring opportunities to expand its portfolio of established brands including Essano, Cancer Council Sunscreen, Epzen, Dominate, Shockwaves and Tribe Skincare in global markets. “The partnership will propel Vitality Brands’ international growth strategy by introducing Essano to Vitality Brands’ vast distribution …
USA: Semcap to acquire minority stake in Aloha
Semcap, a growth equity company, has announced an investment of $68 million to take a significant minority stake in Aloha, a plant-based protein brand. Aloha is described as an employee-owned and operated company offering high-protein, and low-sugar plant-based products. Semcap Food & Nutrition said it invested in food companies that support sustainable modern health and a better future for food. “Semcap Food & Nutrition …
Brazil: Tirolez opens new plant
Brazilian dairy firm Tirolez has announced the opening of a new manufacturing plant in Santa Catarina, Brazil. According to sources, the company invested R$150 million ($30.1 million) in the manufacturing unit in Caxambu do Sul, with the aim of expanding production capacity and strengthening its product portfolio. The unit will have the capacity to process up to 1.2 million litres of milk per day …
Tradeshow Insight: IFE 2024
IFE, International Food & Drink Event, the annual London-based get-together for the food and drink sector, returned for its latest outing this March, once again proving a key opportunity for a diverse range of brands to pitch their wares to a UK and international audience of industry professionals. Gama with HE Inigo Lambertini, Ambassador of Italy to the UK With ExCel in London’s Docklands …
USA: Mars invests $70 million in New Jersey facility
FMCG giant Mars has announced a $70 million investment in R&D and food manufacturing at its site in Hackettstown, New Jersey. In a press release, Mars said the upgraded New Jersey site would include a new prototyping kitchen, packaging lab, and collaboration space with the intent of increasing innovation and development to meet consumer preferences. The capabilities in the Innovation Studio will support the …
USA: Sazerac acquires ready-to-drink cocktail brand BuzzBallz
Global spirits company Sazerac has announced it has signed an agreement to acquire BuzzBallz, a US ready-to-drink cocktail brand, for an undisclosed sum. Founded in 2009 by Merilee Kick, BuzzBallz is described as a woman-led and family-operated distillery, winery and brewery, renowned for its spherically-shaped RTD cocktails. BuzzBallz’s portfolio also includes includes brands such as BIGGIES, Uptown Cocktails, Sip Sip Hooray and Texas Craft. …
UK: Unilever to spin-off ice cream business
Unilever, the multinational consumer goods giant, has announced plans to spin off its ice cream divison into a separate business entity as it seeks ways “to accelerate its Growth Action Plan (GAP)”. The ice cream business has a portfolio of the top ten most popular global ice cream brands, including Wall’s, Magnum and Ben & Jerry’s, which collectively generated revenue of around €7.9 billion …
UK: Valeo Foods announces Liverpool confectionery factory closure plans
Valeo Foods, the diversified food company, has announced plans to close a facility in the UK city of Liverpool that manufactures confectionery products. First acquired by the company in 2018, the factory employs 100 staff and is dedicated to the manufacture of the Taveners brand range of products, which includes traditional sweets such as caramels, mallows, gums and jelly. Valeo Foods UK supply chain …
Mauricio García de Quevedo, Director General
FIAB
Gama spoke to Mauricio García de Quevedo, Director General at Federación Española de Industrias de Alimentación y Bebidas (FIAB). What are FIAB’s current priorities and challenges? Given the complex international scenario we are facing at the moment, there is a real need to contain cost inflation which is affecting both consumers and businesses. One of our major challenges, as far as the politics of …
Tradeshow Insight: Alimentaria 2024
For four days this March, Barcelona became the focus of attention for the global food and drink industry as the city’s Fira Barcelona played host to the latest edition of Alimentaria and its co-located show Hostelco. Gama with Rafael Juan, CEO, and Alberto García, Head of Communications, Vicky Foods Proclaimed the most global edition to date, with 900 of the 3,200 exhibitors hailing from outside …
UK: Kerry innovates with ‘oat and dairy’ product range
Kerry, a leading food and food ingredients company, has announced a “category-first” range of products made from a blend of oat milk and dairy milk, branded as Smug Dairy. The new range, which will be available in stores across the UK from the end of March, includes analogues to cheddar cheese, milk, butter and butter spread. Commenting on the launch, Kerry Dairy strategy, marketing …
Canada: 7UP brand enters alcoholic drinks via vodka cocktail launch
Labatt Breweries, a leading Canadian drinks company, has announced the entry of the 7UP soft drinks brand into the alcoholic drinks space with the launch of SVNS Hard 7UP, a ready-todrink cocktail that is said to combine the lemon-lime flavour of PepsiCo’s 7Up with vodka-based alcohol. Designed to capture the attention and preferences of the legal drinking age (LDA) to 34-year-old consumer, SVNS Hard …
Brazil: Dia to close 343 stores
Spanish retailer Dia has announced plans to close 343 stores and three warehouses in Brazil as part of a strategic review of its business in the country, according to an ESM report. The closures would affect more than half of the roughly 600 stores Dia operates in the country. In a statement, the company said it planned to concentrate its efforts the Sao Paulo …
India: Mother Dairy to invest $90 million to set up processing plants
Indian dairy giant Mother Dairy has announced plans to invest 750 crore INR ($90.36 million) to enhance dairy, fruit, and vegetable processing capacity across key locations. In a statement, the company said the investment would be used to establish a dairy plant in Nagpur, Maharashtra, with an investment of around 525 crore INR ($63.25 million), and the development of a new fruit processing plant …
Switzerland: Nestle sells dairy, juice business to Grupo Gloria
Nestle, the Swiss consumer goods giant, has announced plans to exit the dairy and juice sector in Ecuador through a deal with Gloria Foods, a subsidiary of the Peruvian business conglomerate Gloria Group, for Ecuajugos. According to Gloria Foods, the deal includes a factory and distribution centre in Cayambe, the local brands La Vaquita, Yogu Yogu, Natura, Cereavena and Huesitos, and the licensing of …
USA: Dollar Tree announces plans to close nearly 1,000 stores
Dollar Tree, the largest discount retailer in the US, has announced plans to close nearly 1,000 stores, following a “a store portfolio review”. The retailer said it intended to initially close 600 Family Dollar stores, with a further 370 Family Dollar outlets and 30 Dollar Tree stores also expected to be shuttered over the coming years at the end of their lease term. “During …
Australia: Inghams to acquire New Zealand chicken producer Bostock Brothers
Australian poultry supplier Inghams Group has announced plans to buy Bostocks Brothers (BBL), a New Zealand producer of organic poultry, in a deal worth 35.3 million NZD ($21.8 million). The acquisition is said to include the brand, three freehold farming sites and the main processing plant. Founded in 2014, BBL has its primary operations in Hastings, on New Zealand’s North Island. Commenting on the …
Local provenance increasingly anchoring food and drink positioning
Insight by Gama Compass MANCHESTER – 14th March 2024: In this month’s Insight By Gama Compass, we turn our gaze towards the trend among FMCG suppliers and retailers to tout the use of locally-sourced and traceable ingredients, and explore some of the reasons why provenance is increasingly moving to ‘centre-of-pack’ when it comes to brand messaging. In particular, we look at how of the ‘lure of local’ …
UK: Asahi closes Greenwich brewery
Japanese brewer Asahi has announced plans to close a brewery in Greenwich, London that produces the Meantime and Dark Star beer ranges, with production transferred to the Fuller’s site in west London. According to reports, the Greenwich site will be retained but converted into a “standalone” consumer retail experience. In 2022, Asahi closed the Dark Star brewery in West Sussex, moving production to the …
Australia: Kimberly-Clark opens distribution centre in Victoria
Leading household paper firm Kimberly-Clark has announced an expansion of its operational capability in Australia with the opening of a “state-of-the-art” distribution centre in Ravenhall, Victoria. According to sources, the 23,000 sq m facility is the company’s second largest in Australia and the first of several investments planned to offer faster and more efficient services to customers. The centre will reportedly double the company’s …
UK: BAT opens innovation centre in Southampton
Multinational tobacco and nicotine products manufacturer British American Tobacco (BAT) has announced the opening of a £30 million ($38 million) “state-of-the-art” innovation centre in Southampton, on the UK’s south coast, to accelerate development of smokeless products. In a press release, the firm said it was committed to investing £300 million ($384 million) yearly in the development of new non-combustible products with a view to …
USA: Tyson Foods to close Iowa plant
Tyson Foods, the leading US meat firm, has announced the closure of a pork processing plant in Perry, IA. According to sources, the decision to permanently shutter the facility follows a number of other optimisations to its manufacturing network, including the closure of six chicken plants, in 2023. Reuters reports that the firm had recently been facing slowing demand for a number of its …
UK: Borough Broth acquires Indian-inspired brand SpiceBox
Borough Broth, a UK-based bone broth manufacturer, has announced the acquisition of SpiceBox, a food brand inspired by Indian cuisine, for an undisclosed sum. Following the acquisition, Borough Broth’s facilities in West London are set to become the primary manufacturing centre for the SpiceBox product range, which includes curry, ready-made dhal and sauces. Commenting on the move, Borough Broth founder Rosamund Heathcote said: “The …
Karen Zafar, Founder & Director
Pure Global Trade
Gama spoke to Karen Zafar, Founder & Director at Pure Global Trade. What are the key success factors in creating a new retail drinks brand? New to the drinks industry, we are still early on in our journey. It’s a challenge and we are learning every day – it’s incredible and we love it. Be different, create a product which is unique, understand consumer …
UK: Aldi launches wine in cardboard bottles
Aldi, the German retail giant, has announced the launch of what it claims to be the UK’s first supermarket own-brand wine sold in paperboard bottles. The bottles utilize Frugalpac’s Frugal Bottles technology, described as being produced from 94% recycled paperboard with a food-grade pouch housing the wine. The packaging is said to be fully recyclable and to weigh five times less than a standard …
USA: Aldi to open 800 new stores over five years
Aldi, the German retail giant, has announced it plans to add 800 new stores to its US network by 2028 through a combination of new store openings and store conversions. The retailer is aiming to increase its presence in the Northeast and Midwest, adding nearly 300 stores in both regions by end of 2028. In the West region, it is looking to increase its …
USA: Sugar Foods acquires Concord Foods
Sugar Foods, a manufacturer of toppings, croutons, beverage ingredients and pizza toppings owned by Pritzker Private Capital, has announced the acquisition of Concord Foods, a leading US provider of retail foods and bespoke ingredients. Previously owned by Arbor Investments, Concord Foods is described as a premier supplier of custom ingredients and retail food products, catering to nationally-recognized supermarkets, foodservice operators and food manufacturers. The …
Germany: Muller to close two further plants following FrieslandCampina deal
Muller, the German dairy giant, has announced the closure of two further factories that it acquired as part of its 2022 deal for the FrieslandCampina portfolio in Germany. The Heilbronn and Schefflenz sites, which manufacture products for the Landliebe brand, will be gradually shut down by summer 2026, impacting around 400 employees. In a statement, Muller blamed cost pressure, investment requirements and the “highly …
USA: Kraft Heinz Not Company expands Oscar Mayer brand into meat substitutes
Kraft Heinz Not Company, the joint venture between Kraft Heinz and TheNotCompany, has announced the launch of NotHotDogs and NotSausages, the first plant-based offerings under the Oscar Mayer brand. According to the company, the new meat substitutes offer a smoky, savoury taste, meaty colour, and thick, juicy bite, and will be available in bratwurst and Italian sausage versions Commenting on the launch, Kraft Heinz …
India: Reliance Consumer Products agrees deal to market Elephant House drinks
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced a partnership with Elephant House, a leading Sri Lankan beverage company, to manufacture, market, distribute and sell beverages under its namesake brand in India. In a statement, the company said this association would strengthen RCPL’s expanding beverage range that includes brands such as Campa, Sosyo, and Raskik. Elephant House, …
Fermented protein debuts in pioneering chocolate bar
The latest innovation insight from Gama Compass MANCHESTER – 7th March 2024: In this month’s Innovation Insight, we look at a technological innovation that may provide an intriguing glimpse into the future of food, in the form of a confectionery bar containing precision-fermented protein – Fazer Taste The Future Chocolate Snack Bar. Launched as a limited release in select sweets retailers in Singapore, Fazer …
Denmark: Scandza to divest Bisca biscuit brand
Scandza, a diversified Norway-based food and drink firm, has announced it is selling Bisca, a Danish biscuit and cake manufacturer, to Danish private-equity group Erhvervsinvest Management for an undisclosed sum. Established in 1890, Bisca produces goods such as Danish butter cookies, brownie bites, digestive biscuits, oat and wholegrain biscuits, and crackers, and has a production facility in Stege. Commenting on the move, Bisca CEO …
USA: Unilever boosts production capacity for drinks brand Liquid IV
Consumer goods major Unilever has announced plans to invest $80 million to expand its facility in Jefferson City, MO for the manufacture of the functional powder mix Liquid IV. Liquid IV was acquired by Unilever in 2020 with the aim of strengthening the company’s presence in the health and wellness category, and is said to be now four times larger than it was in …
Australia: Nestle to invest A$32 million to upgrade Smithtown factory
Nestle, the Swiss consumer goods giant, has announced an investment of A$32 million ($20.8 million) to upgrade its manufacturing line for powdered drink concentrates in Smithtown, Australia, bringing total investment in the site to A$80 million ($52.7 million) over the last decade. In a statement, the company said the investment would be used to introduce state-of-the-art manufacturing technology to the factory and support increased …
Frank Mertens, Co-founder & Chief Marketing Officer
Go Mate Drinks
Gama spoke to Frank Mertens, Co-founder & Chief Marketing Officer at Go Mate Drinks. What are the key success factors in creating a new retail drinks brand? It all starts with an intimate understanding of your consumer and making sure that they love your liquid. There are so many options across all types of drinks categories that it is critical you really know your …
USA: Del Monte Foods announces closure of two canned vegetable plants
Del Monte Foods, a subsidiary of consumer goods major Del Monte Pacific, has announced plans to close a green bean manufacturing plant in Markesan, WI and a tinned sweetcorn and peas plant in Toppenish, WA, according to reports in Just Food and Food Business News. The closures are said to be expected by the end of the company’s fiscal year in April, with around …
India: Conagra Brands to divest controlling stake in Agro Tech Foods
Conagra Brands, a leading US food manufacturer, has announced that its subsidiary has entered into an agreement with funds advised by Convergent Finance and Samara Capital to divest its 51.8% ownership stake in Agro Tech Foods, a food company based in Mumbai, India. Agro Tech Foods is a manufacturer of ready-to-cook snacks, ready-to-eat snacks, spreads & dips, breakfast cereals and chocolate confectionery. Commenting on …
India: Coca-Cola invests $42 million in Madhya Pradesh
Hindustan Coca-Cola Beverages (HCCB), Coca-Cola’s Indian subsidiary, has announced plans to invest 350 crore INR ($42.52 million) to set up two manufacturing lines at its plant in Rajgarh, in India’s Maharashtra state. In a statement, HCCB reportedly revealed the new lines will produce low-cost small sparkling packs (ASSPs) and juice cartons. Commenting on the move, HCCB chief public affairs, communications and sustainability officer Himanshu …
Pakistan: Fauji Foods acquires Fauji Infraveast Foods to consolidate cereal, dairy brands
Fauji Foods Limited (FFL), a Pakistani maker of dairy products, has announced the acquisition of the entire equity stake of its parent company Fauji Foundation in Fauji Infraveast Foods Limited and its cereals business under the brand name Fauji Cereals, to expand its product portfolio and market reach. In a filing with the Pakistan Stock Exchange, Fauji Foods Limited said: “This move marks the …
Germany: Vegan Food Group announces acquisition of Tofutown
Vegan Food Group (previously known as VFC Foods) has announced that it has entered into an agreement to acquire Tofutown, a German-based manufacturer of plant-based foods with annual revenues of €60 million ($64 million). Founded in 1989, Tofutown is described as a large-scale supplier of natural, organic tofu, spreads and meat alternatives in the EU. It has two manufacturing sites, including one Luneburg in …
Italy: Coca-Cola HBC invests €42 million in Abruzzo plant
Coca‑Cola HBC, the leading Coca-Cola bottler in Italy, has announced plans to invest €42 million ($45 million) to add two canning lines at its Oricola facility in Abruzzo. According to the company, It is the first time in the plant’s history that it will produce cans, as it has previously focused on recycled plastic products (RPET). The expected investment is set to double the …
Brazil: Unilever invests in mayonnaise production
Consumer goods giant Unilever has announced an investment of R$80 million ($16.2 million) to expand production of Hellmann’s mayonnaise at its factory in Pouso Alegre, in Brazil’s Minas Gerais state. Established in 1974, the Pouso Alegre facility manufactures over 200 SKUs including Hellmann’s mayonnaise and Knorr stock cubes, and has around 800 employees. According to sources, the investment will be used to add a …
Australia: Australian Vintage and Accolade Wines in merger talks
Accolade Wines, one of the world’s largest wine companies, has entered into early merger discussions with peer Australian Vintage (AVG), the producer of the McGuigan and Tempus Two brands, according to The Australian Financial Review and The Shout reports. “AVG confirms it is in exploratory discussions with Accolade, however these discussions are still at a very early stage, and there is no certainty that …
Sweden: Lantmannen to sell ready meal brand Gooh to Atria
Lantmannen, a Swedish agricultural cooperative and food manufacturer, has announced the signing of an agreement to divest its Gooh ready meal brand to Atria, a producer of food products across the Nordic countries. Launched at the beginning of 2000s in cooperation with the restaurant Operakallaren, Gooh offers a range of traditional Swedish and international ready-to-eat dishes manufactured in a commercial kitchen in Jarna, south …
USA: Heritage Distilling Company acquires Thinking Tree Spirits
Heritage Distilling Company (HDC), a craft distillery based in the US, has announced the acquisition of local peer Thinking Tree Spirits for an undisclosed sum. Thinking Tree Spirits was founded in Eugene, OR in 2014 and is described as an award-winning, women-led, farm-to-flask, Oregon grown house of brands. As a result of the transaction, HDC will own 100% of the Thinking Tree Spirits assets …
Australia: Bega to shutter Betta Milk, Pyengana Dairy site
Bega, the Australian dairy firm, has announced it plans to close its plant in Burnie, Tasmania, traditionally a manufacturing site for the Betta Milk and Pyengana Dairy brands, and transfer production to another factory in Hobart. Bega acquired the Burnie facility last year when it bought Betta Milk and Meander Valley Dairy, as well as a royalty-free license to use the Pyengana Dairy brand, …
USA: Target launches budget Dealworthy private label
US retailer Target has announced the launch of Dealworthy, a new private label range of home and personal care items that promises to offer a range of products at low prices with no compromise on quality. According to the retailer, the new line features 400 everyday items such as paper towels, body wash, laundry detergent and cotton balls, with prices starting at less than …
Brazil: Coca-Cola invests $800 million in logistics, manufacturing
US non-alcoholic drinks giant Coca-Cola has announced plans to invest R$4 billion ($809 million) to strengthen its operations in Brazil in 2024. According to sources, the investment will be used to modernise and expand the company’s manufacturing structure and logistics network, in addition to deepening its relationship with small and medium-sized retailers through an enhanced sales structure. The investment will be spread throughout the …
Spain: Paulig to invest €42 million in new snacks facility
Finland-based food company Paulig has announced plans to invest €42 million ($45 million) to construct a new facility in Spain to strengthen its presence in the Tex-Mex and snacking categories in Europe. Founded in 1876, Paulig is described as a family-owned producer of coffee, snacks, plant-based products and spices, with operations in 13 countries. It has production facilities in Sweden, Estonia, UK, Spain and …
USA: Flagship Food Group to close La Tortilla Factory plant in California
Flagship Food Group, a food company majority-owned by CREO Capital Partners which manufactures and distributes a wide portfolio of brands, has announced plans to close the production site for its La Tortilla Factory brand in Santa Rosa, CA. Founded in 1977, La Tortilla Factory is a leading maker of wraps and tortillas, including low-carbohydrate, grain-free, gluten-free, non-GMO, and added-protein products. Flagship reportedly cited both …
USA: Miami Beef acquires Hofmann Sausage
Miami Beef, a US maker of fresh and frozen meat products, has announced the acquisition of Hofmann Sausage, a New York-based sausage brand, to expand its product portfolio. Established in 1879, Hofmann Sausage offers beef and pork franks, smoked sausage, bratwursts, beef jerky and condiments. In a statement, Hofmann Sausage said: “[Miami Beef] aligns well with Hofmann’s core values and produces high-quality products like …
Switzerland: Nestle invests in Purina pet food factory
Consumer goods major Nestle has announced the commissioning of a new Purina pet food plant at its existing site in Buk in north-western Hungary. According to the company, the factory, which is the result of a 55 billion HUF ($152.3 million) investment, will add two additional automated production lines, increase capacity by over 50,000 tons a year and create 130 jobs. The new lines, …
USA: Rind Snacks acquires Small Batch Organics
Rind Snacks, a US maker of fruit-based snacks, has announced the acquisition of Small Batch Organics, a US supplier of granola breakfast cereal. In a statement, Rind Snacks said the deal marked a major milestone in its evolution from a dried fruit brand into a vertically-integrated healthy snack platform, adding that Small Batch Organics was “a natural extension of RIND’s mission to bring wholesome …
Turkey: Coca-Cola Icecek reaches deal to acquire Coca-Cola Bangladesh Beverages
Turkish bottler Coca-Cola Icecek (CCI) and its subsidiary CCI International Holland have announced the signing of an agreement to acquire peer Coca-Cola Bangladesh Beverages (CCBB) for $130 million. Established in 2009, CCBB is described as being involved in the production, sale, and distribution of Coca-Cola’s sparkling and still brands in Bangladesh. The firm has over 300 employees, one bottling plant, and three main warehouses. …
Australia: Cultivate Food and Beverage to acquire Adelaide Hills Foods
Cultivate Food and Beverage, a social enterprise backed by disability employer Bedford, has announced the acquisition of Adelaide Hills Foods, a bakery firm headquartered in Lobethal, South Australia that offers the Emmaline’s, Emma Myrtle’s Bakehouse, Positano, James Road and Barossa Pizza brands. Adelaide Hills Foods supplies over 1,000 national and independent retailers, including Coles, Woolworths and Drakes, with a range of baked products. With …
USA: Windsong Global acquires JVN Hair and Pipette under new holding company
Windsong Global, a investment firm focused on consumer brands, has announced the acquisition of the hair care brand JVN and the skincare brand Pipette, under a new holding company called Belle Brands LLC. JVN, which was created bu hair stylist Jonathan Van Ness, is said to be sustainable and cruelty-free, and has been sold exclusively at Sephora since 2021. Currently, the brand features over …
Chile: Vina Concha y Toro expands in spirits with Malpaso acquisition
Leading Chilean wine firm Vina Concha y Toro has announced the acquisition of Malpaso, a key producer of the fermented grape-juice spirit pisco, as it seeks to bolster its presence in the premium spirits category. In a press release, the company said it had been distributing Malpaso for 15 years, and noted the brand had seen 11.5% growth in value between 2022 and 2023. …
Brazil: Fruki opens new bottling plant
Brazilian beverage firm Fruki Bebidas has announced the opening of a new plant in Paverama, in the southern state of Rio Grande do Sul. According to sources, the Paverama plant was the result of a R$178 million ($35.7 million) investment and combines high technology with sustainability. The facility is claimed to have capacity to produce 52,000 PET bottles of 500ml per hour or 30,000 …
France: Danone inaugurates Alpro facility
Danone, the French consumer goods giant, has inaugurated a plant-based beverage facility for its Alpro brand in Villecomtal-sur-Arros, southwestern France. According to the company, it invested millions of euros over two years turning the site into its sole French oat flour to oat juice site for Alpro. Once fully operational, the plant will have capacity to output over 300,000 litres of beverages per day …
Switzerland: Nestle to close dairy plant in Nicaragua
Global FMCG giant Nestle has announced plans to close a dairy plant in Nicaragua due to “current global dynamics for efficient and productive operations”. Located in the northern part of Nicaragua, the Matagalpa facility specializes in the production of dairy products under the Prolacsa brand. In a statement, Juan Gabriel Reyes, CEO and president of Nestle Central America, said: “To continue offering our consumers …
India: Reliance Retail secures deal for assets of confectionery maker Ravalgaon
Reliance Consumer Products (RCPL), the FMCG arm of Indian retail major Reliance Retail, has announced the acquisition of trademarks, recipes and all intellectual property rights of sugar confectionery maker Ravalgaon for 27 crore INR ($3.7 million), expanding its FMCG portfolio. Ravalgaon’s portfolio includes the confectionery brands Mango Mood, Coffee Break, Tutty Fruity, Paan Pasand, Choco Cream and Supreme. In a statement, Ravalgaon reportedly said …
UK: Lidl opens new bottling plant
Lidl, the German retail giant, has announced the opening of a new bottling plant in Derby, UK with capacity to produce 380 million bottles per year. The plant will be known as MEG Derby. MEG is one of Germany’s leading mineral water and soft drinks manufacturers, and the facility will be its first UK venture. The new factory is reportedly intended to simplify Lidl’s …
Italy: Coop to expand private label pet food offering
Coop, the Italian retail giant, has announced it is expanding its private label cat and dog food offering with the launch of around 200 products across four separate lines. Developed in partnership with the University of Milan, the range is said to use innovative ingredients such as insect protein, as well as “superfoods” including spirulina, pomegranate and blueberry, and focuses on both taste and …
France: Nestle sells plant to Italpizza
Italpizza, the Italian frozen pizza firm, has completed the acquisition of a Nestle pizza facility in Caudry, northern France. The company is said to be planning to invest more than €12 million ($13 million) as part of a comprehensive modernization of the facility, which was closed down after an E. coli outbreak in 2022 reportedly led to a sharp decline in sales. Presently operating in …
Japan: Kirin buys Healthya tea brand from Kao
Kirin, the leading Japanese drinks firm, has announced it is buying the Healthya tea-catechin business from personal care company Kao to enhance its presence in health-oriented drinks. “Under the Long-Term Management Vision, ‘the Kirin Group Vision 2027’, we are aiming at becoming a global leader in CSV (Creating Shared Value), creating value across our world of Food & Beverages to Pharmaceuticals”, Kirin said in a statement, adding: …
USA: Coca-Cola adds Spiced flavour to cola lineup
Beverage giant Coca-Cola has announced the launch of Spiced, a new flavour variety for the company’s cola lineup in the USA and Canada. Said to be the first new permanent flavour addition to the Coca-Cola range in a number of years, Spiced is described as blending the classic Coca-Cola flavour with notes of spice and raspberry and will roll out in both sugar-sweetened and …
Canada: Danone launches yoghurt based on pea protein
Danone has announced the launch of a new range of Greek-style yoghurt alternatives made from pea protein, marketed under its Silk brand. According to the company, the new plant-based yoghurts feature 12g of Canadian pea protein and will be available in key lime and vanilla varieties, in 500g tubs. “The new Silk protein plant-based yogurt range provides Canadians with a versatile offering that meets …
Italy: Gelato d’Italia acquires Giuntoli
Gelato d’Italia, an Italian manufacturer of branded and private label ice cream, has announced it has completed the acquisition of local peer Giuntoli, a maker of ice creams and ice lollies. Operating in Europe and North America under brands such as Indianin, Gelato d’Italia, Gelato da Sogno and JoyVeg (the latter a dairy alternative brand), Gelato d’Italia was purchased by the US investment fund …
USA: Creations Foods acquires HighKey
Creations Foods, a maker of gluten-free, health-oriented snacks, is expanding its presence in biscuits and confectionery with the acquisition of HighKey, a Florida maker of no sugar and low sugar treats, according to a Just Food report. HighKey makes a range of low-carbohydrate products advertised as “the snacks you crave without all the sugar”. The firm’s product lineup includes biscuits, crackers, chocolates and cake bites. …
France: Nestle in talks to sell baby food brands
Consumer goods giant Nestle has entered into exclusive negotiations with private equity fund FnB to sell its baby food brands in France, according to Just Food and FoodBev reports. The deal would see the company transfer its line of NaturNes baby pots, Babicao and Babivanille flavoured cereal powders, and P’tit yogurts, which are produced in Arches, France but exported globally. “This proposed sale would …
Tradeshow Look Back: Sabine Schommer, ISM 2024
Gama spoke to Sabine Schommer, Director of ISM, following the latest edition of the confectionery and snacks tradeshow. How would you sum up this year’s ISM? We set high expectations for ourselves at this year’s ISM, and I’m pleased to say that those expectations were met. Following the one-time postponement of ISM in 2023, this year saw 1,427 companies from 74 countries—12% more exhibitors than last year—showcasing …
India: Lotte Wellfood to set up new production line at Haryana facility
Confectionery giant Lotte Wellfood has announced plans to invest 200 crore INR ($27.37 million) to set up a new line for the production of its chocolate-coated biscuit product Lotte Pepero in the northern Indian state of Haryana. The new facility, benefitting from automated equipment, is designed to meet global export demand, introduce Original and Crunchy Pepero to the Indian market, and establish Lotte Pepero …
USA: Trek One Capital acquires Alter Eco Foods
Trek One Capital, a US investment group, has announced the acquisition of organic chocolate brand Alter Eco Foods from fellow investors NextWorld Evergreen. Founded in 2004, Alter Eco Foods is described as a manufacturer of organic dark chocolate bars, truffles, granola, and quinoa, and markets its products in the US, Canada, Australia, and New Zealand. The company is claimed to use a 100% carbon …
USA: Bansk Group acquires majority stake in No Man’s Land Foods
Bansk Group, a private investment firm dedicated to building consumer brands, has announced the acquisition of a majority stake in No Man’s Land Foods, a manufacturer of meat snacks, for an undisclosed sum. Founded in 1997 in Oklahoma, No Man’s Land Foods is a leading provider of jerky and meat sticks. The brand is said to be known for its authentic slow-drying production process, …
UK: Innovatus Drinks acquires spirit brand Sollasa
Innovatus Drinks, the UK spirits company known for brands such as Horse Guards Gin, Barentsz Gin, Pedrino Spritz and Wing Walker Rum, has added to its portfolio with the acquisition of spirit-based aperitif Sollasa for an undisclosed sum. Launched in 2021, Sollasa is described as a light refreshing spirit with a blend of Indian-inspired flavours such as mandarin, lychee and cardamom that is ideal for pairing …
USA: Panos acquires Tessemae’s salad dressing brand
Panos, a producer of branded consumer foods, has announced the acquisition of Tessemae’s, a specialist in refrigerated and shelf-stable organic salad dressings, for $4.5 million. The acquisition follows Tessemae’s decision to file for voluntary Chapter 11 bankruptcy protection to restructure its debts. Founded in 2009, Tessemae’s grew rapidly to secure distribution in national grocers, retailers and hotel chains. Commenting on the acquisition, Panos CEO …
Tradeshow Look Ahead: Marina Calheiros, Lisbon Food Affair 2024
Gama spoke to Marina Calheiros, Coordinating Manager, ahead of the 2024 edition of Lisbon Food Affair. What are your expectations for Lisbon Food Affair 2024? What changes or new features have you introduced for this year’s event? The receptiveness of the market, particularly towards new companies, allows us to be optimistic with regard to achieving the objectives we have set for this second edition, …
Mexico: Gruma to build new baked goods factory
Gruma, the Mexican bakery firm, has announced plans to spend M$1.5 billion ($87.3 million) over the next six to eight years to build a new plant in Hunucma, Yucatan for the manufacture of tortillas, tostadas and packaged snacks. Reportedly intended to address escalating demand in the southeastern region of Mexico, the US and the Caribbean, the plant will integrate local supply chains in Yucatan state for …
Philippines: CCEP gets go-ahead for acquisition of Coca-Cola Beverages Philippines
European soft drinks bottler Coca-Cola European Partners (CCEP) has announced it has received approval from Philippine anti-trust regulators to buy peer Coca-Cola Beverages Philippines (CCBPI) from The Coca-Cola Company (KO), in a joint deal with investment fund Aboitiz Equity Ventures (AEV). Under the terms of the deal, CCEP holds a 60% stake in the acquired business, and AEV the remainder. In a statement from November, CCEP said the …
USA: Utz Brands sells brands, facilities to Our Home
Utz Brands, the US snacks company, has announced it is selling a number of brands and facilities to Our Home, an operating company of “better-for-you” brands, for a cash consideration of $182.5 million. Under the agreement, affiliates of Our Home have agreed to purchase the Good Health and RW Garcia brands, the Lincolnton (NC) and Lititz (PA) manufacturing facilities and certain related assets, and assume Utz …
Spain: Lidl to invest €140 million in new logistics hub
Lidl, the German retail giant, has announced it will invest €140 million ($152 million) to construct its largest logistics hub to date in Spain. Set for completion by mid-2024 and due to open in 2025, the new warehouse will be built in Martorell, near Barcelona, on a 126,000 square metre plot, complementing the retailer’s existing Catalonia distribution centre in Montcada I Reixac. The project …
China: Henkel opens Asia R&D centre
Henkel, the Germany-based personal and household care giant, has officially inaugurated a new research & development (R&D) centre in Shanghai, China to serve the Asian market. The facility will draw on insights from 11 markets and aims to facilitate flexible product innovation for brands such as Schwarzkopf and Syoss. Covering an area of more than 2,500 sq m, the hub includes functions such as consumer insights, technology …
Germany: Boettger Gruppe acquires Jahnke Susswaren
Germany confectionery firm Boettger Gruppe has announced the acquisition of Jahnke Susswaren, a specialist in liquorice sweets, from peer Ragolds Invest for an undisclosed sum. Boettger Gruppe owns Cavendish & Harvey, described as the world’s leading manufacturer of high-quality tinned and jarred hard candies, with sales in over 100 countries. It noted the brand’s growth over the last few years had resulted in it …
France: Bridgepoint moves for anti-aging brand RoC Skincare
Private equity fund Bridgepoint has announced it is acquiring the toiletries brand RoC Skincare from existing backer Gryphon Investors for an undisclosed sum. Founded in France in 1957, RoC Skincare is described as one of the world’s largest independent skincare brands, offering “clinically proven, dermatologist-backed” products with a focus on ageing skin. RoC Skincare is said to have achieved organic revenue growth of 70% since Gryphon Investors …
USA: Tyson Foods opens new bacon facility in Kentucky
Tyson Foods, the leading US meat firm, has announced the opening of a $355 million facility in Bowling Green, KY to support the expansion of its bacon production capabilities. The 400,000 sq ft factory is expected to manufacture 2 million pounds of Jimmy Dean and Wright Brand bacon products for retail and food service every week. Commenting on the move, Tyson Foods president and CEO …
France: Casino to sell 288 stores to Auchan and Les Mousquetaires
Casino, the leading French retail group, has announced it has reached an agreement to sell 288 stores and assoicated service stations to peers Auchan and Les Mousquetaires for an enterprise value of around €1.3 billion ($1.4 billion) Negotiations started last December with Casino aiming to sell almost all of its supermarkets and hypermarkets as part of a restructuring process. The disposals will take place …
Canada: Prime Drink Group to acquire Triani
Prime Drink Group, a Quebec-based drinks company, has announced it has entered into an agreement to acquire Triani, a manufacturer and distributor of alcoholic and non-alcoholic beverages, for C$38 million ($30.1 million). Founded in 2015, Triani is known for the Cantini, Ettaro and Enjoy wine brands. It also produces and markets Octane, Mojo, Baron, and Seagram malt-based alcoholic beverages, as well as non-alcoholic products …
Germany: Oettinger in deal for JoyBrau functional beer brand
Oettinger, the German brewer, has announced it is acquiring JoyBrau, a brand of non-alcoholic beer known for its functional benefits. Launched in 2016, JoyBrau is most famous for its high-protein drinks, but also markets a beer with added vitamins and another with caffeine and guarana for energy benefits. “JoyBräu is maximizing well-beering around the globe by leveraging patented technology to make functional nutrition delicious, natural, …
UK: Haleon sells ChapStick lip balm brand
Yellow Wood Partners, a private equity firm based in Boston, USA, has announced that its portfolio company Suave Brands has signed a binding offer to acquire the lip balm brand ChapStick from Haleon, a consumer healthcare firm, for €468 million ($519.6 million). ChapStick lip balm first debuted in the 1880s and later diversified its product range with innovative new ingredients, skincare benefits, and flavours, …
Italy: Galup acquires Golosi di Salute
Italian bakery firm Galup has acquired Golosi di Salute, a manufacturer of cakes, biscuits, desserts and confectionery based in Monticello d’Alba, in Italy’s Piedmont region, according to reports in Distribuzione Moderna and ANSA. Golosi di Salute was founded in 2005 and is said to be particularly known for its use of “unconventional” ingredients including kamut, spelt and rice flours, dextrose, fructose and extra virgin …
Spain: Aldi plans store, distribution centre expansion
German discount retailer Aldi has announced plans to expand in Spain in 2024 via 50 new store openings and two new distribution centres. According to sources, the retailer plans to inaugurate a new distribution centre in Sagunto in the Valencia region this February. The expansion will be focused mostly in the regions of Valencia, Catalonia and Madrid, where Spain’s three largest cities are located. …
USA: Fengate Private Equity acquires Saco Foods
Fengate Private Equity, a division of investment fund Fengate Asset Management, has announced the acquisition of Saco Foods, a US manufacturer of shelf-stable products for an undisclosed sum. Founded in 1973, the company had been owned by Benford Capital Partners since 2016, during which time it underwent a process of recapitalization. Saco Foods is described as a leading specialty consumer packaged goods company primarily …
USA: Bimbo to close New Mexico plant
Bimbo, the Mexican bakery giant, has announced plans to close its baking plant in Albuquerque, New Mexico by April. Launched in 1945 in Mexico City, Bimbo is a leading player in the US bakery market, operating 59 plants, employing approximately 20,000 associates and running over 700 sales centers. Its brands include Thomas, Sara Lee, Arnold, Brownberry, Oroweat, Entenmann’s and Stroehmann. In a statement, Bimbo …
Italy: Morato Group acquires gluten free specialist Massimo Zero
Morato Group, a leading Italian bakery firm, is continuing its strategic expansion by acquiring Massimo Zero, a company specialized in the manufacture of gluten-free products made with 100% Italian flour. Based in Alto Adige, Massimo Zero will now be run by Morato Group subsidiary NT Food in partnership with Botzen Invest, a local investment company. Commenting on the deal, Morato Group CEO Stefano Maza …
USA: MPearlRock acquires Nutpods brand
MPearlRock, a partnership between Kroger’s venture capital arm PearlRock Partners and MidOcean Partners, a private equity firm, has announced the acquisition of Nutpods, a plant-based creamer brand, for an undisclosed sum. Founded in 2013, Nutpods is described as the leading manufacturer and marketer of plant-based creamers in the US, with a presence in more than 15,000 retail stores. It is said to be the number …
Italy: DayDayCook continues acquisition spree with majority stake in GL Industry
DayDayCook (DDC), the specialist in ready-to-cook and ready-to-eat Asian foods, has announced it has entered into an agreement to acquire 51% of GL Industry, an Italian producer of specialized Asian ready meals. GL Industry sells its products to over 7,000 European retailers under private labels as well as under its own Asiamama and Sushimama brands. The firm currently manages two production facilities and generated around €11 million ($12 …
USA: Sprecher Brewing acquires energy drink brand Juvee
Sprecher Brewing, a brewer with German heritage situated in Glendale (WI), has announced the acquisition of energy drink brand Juvee from global gaming and lifestyle firm 100 Thieves to increase its footprint in non-alcoholic drinks. Launched in 2022, Juvee energy drinks are claimed to boost energy, elevate mood, increase focus and improve overall well-being. Commenting on the acquisition, Sprecher Brewing CEO Sharada Chada said: …
Spain: Danone to close yoghurt factory
FMCG giant Danone has announced plans to close its yoghurt factory in Parets del Valls, Spain to enhance “the competitiveness of brands” and bolster “industrial efficiency”. “From this moment on, Danone Spain will work together with the legal representation of the workers to offer the best possible solutions, and minimise the impact on the employees of the plant”, the company said in a statement. …
Italy: Monk’s brand acquired by Candy Factory
Candy Factory, a leading Italian confectionery manufacturing group, has acquired Monk’s, a historical brand of balsamic sweets produced by Akellas. Manufactured in the Milan area since 1954, Monk’s candies are marketed in Italy and in some parts of Canada, Switzerland and Japan. With the acquisition, Candy Factory is reportedly aiming to bolster its international presence. Candy Factory, which was formed in 2022 through the …
India: Tata Consumer Products to acquire Capital Foods and Organic India
Tata Consumer Products, the Indian FMCG conglomerate, has announced the acquisition of food and drinks businesses Capital Foods and Organic India for a reported combined investment of 70 billion INR ($845 million). Tata Consumer Products said the deal was aligned with the company’s strategy to “expand its product portfolio and its target addressable market in fast-growing/high margin categories”. The company is reportedly buying 75% …
UK: Bernard Matthews mulls site closure
UK poultry producer Bernard Matthews has announced plans to close a factory in Great Witchingham, Norfolk that makes cooked meats, with up to 600 jobs potentially affected, according to reports in Food Manufacture and Eastern Daily Press The company has reportedly already ceased production at the plant, having concluded it is no longer commercially viable due to rising costs, despite investment in recent years. …
Australia: V2food acquires ready meal brand Soulara
V2food, a plant-based food company, has announced the acquisition of ready-meal brand Soulara in order to broaden its portfolio, extending its reach from retail and food service to the direct-to-consumer channel. Soulara claims to offer “chef-crafted, plant-based meals” that are made with a diverse range of ingredients and have a small environmental footprint. Commenting on the acquisition, V2food CEO Tim York said: “We know …
China: PAG Private Equity to acquire majority stake in Food Union Europe
PAG Private Equity, a global investment firm headquartered in Hong Kong, has agreed to acquire a majority stake in Food Union Europe, a Latvia-based producer of ice cream with a presence in six European countries. The fund will obtain shares from the founder and other private stakeholders involved in the transaction. After acquisition, PAG will take complete operational control of dairy and ice cream …
USA: Molson Coors targets “Dry January” with beer-flavour mints
North American brewing major Molson Coors has launched a limited-edition confectionery product that targets consumers cutting back on alcohol as part of the “Dry January” initiative. Launched under the Miller Lite brand, the company’s beer-flavoured mints went on sale in its online shop from 12th January 2024, packaged in a 32 g tin priced at $5. A second and final batch of the product …
Switzerland: Nestle to invest $100 million to expand coffee production in Vietnam
Global FMCG giant Nestle has announced an investment of $100 million to expand its Tri An coffee facility in the southern Vietnamese province of Dong Nai. According to the company, the investment will help to meet growing local and international consumer demand for high-quality coffee. The Nestle Tri An factory exports coffee products from brands such as Nescafe, Nescafe Dolce Gusto and Starbucks to …
USA: Mars investing in new factory for Nature’s Bakery snack bar brand
Mars, the global confectionery giant, has announced it is establishing a 339,000 sq ft baking facility for the Nature’s Bakery snack bar brand in Salt Lake City (UT) via a $237 million investment. Founded in 2011 and headquartered in Reno, Nevada, Nature’s Bakery has reportedly become the US’s eighth best-selling and fastest-growing granola and snack bar brand. Touted as plant-based, dairy-free, nut-free, and Non-GMO Project Verified, …
Australia: Meditrina Beverages acquires Warburn Estate
Meditrina Beverages, a drinks company newly created by the Taliano family, is acquiring the assets of Warburn Estate, a winery located in the Riverina region of the Australian state of New South Wales. The deal, which is set to be concluded by March, includes the land, plant, equipment, trademarks and intellectual property, as well as the cellar door. Warburn Estate was established in 1968 …
Finland: Arla plans production expansion
Arla Foods, the Danish dairy cooperative, is making an investment in Finland to boost its manufacturing capacity in the country. The firm has now fully acquired Massby Facility and Service, a property management company that services a dairy in Sipoo, near Helsinki, enabling it to take over production and office premises previously used by Unilever. Arla is also planning to invest €11 million ($12 …
USA: AUA Private Equity Partners acquires Weaver Holdings
AUA Private Equity Partners, a private equity fund, has announced the acquisition of Weaver Holdings, a leading popcorn producer, for an undisclosed sum. Founded in 1928 and headquartered in Indiana, Weaver Holdings is described as the leading independent popcorn producer in the United States, offering popping corn, microwave popcorn, and ready-to-eat popcorn under the Pop Weaver brand. The deal follows the decision by Weaver …
USA: Wickles Pickles brand purchased by Fenwick Food Group
Wickles Pickles, an Alabama-based producer of pickles and spreads, has been acquired by Fenwick Food Group, a division of Fenwick Brands Inc that acts as an operating platform for food brands. Wickles Pickles was founded in 1998 and is claimed to offer a unique flavor profile and robust product offering. Fenwick Food Group described the investment as “timely”, noting Wickles Pickles had reached “an inflection …
USA: WK Kellogg launches Eat Your Mouth Off cereal brand
WK Kellogg, the US breakfast cereal manufacturer that was spun off from Kellogg’s (now Kellanova) last year, has announced its first major piece of NPD with the launch of the Eat Your Mouth Off brand. Claimed to offer 22g of plant-based protein, no sugar, and 2g of net carbs or less per serving, Eat Your Mouth Off comes in a Fruity variety, featuring toasted …
USA: Systm Foods acquires Humm kombucha brand
Systm Foods, a joint venture between brand accelerator Systm Brands and FMCG investment firm Ground Force Capital, has acquired drinks firm Humm for an undisclosed amount. Founded in 2009, Humm makes what is said to be the first and only Whole 30-approved kombucha. It will be added to the Systm Foods portfolio alongside fellow plant-based functional beverage brands REBBL and Chameleon Organic Coffee. Commenting …
Brazil: JDE Peets acquires tea and coffee brands from JAV Group
Netherlands-based coffee and tea major JDE Peet’s has announced it has completed the acquisition of the tea and coffee business of Brazilian firm JAV. Terms of the deal, which includes brands such as Cafe Marata, Cafe Puro, Cha Marata and Cha Castellari and which was first announced last July, were not disclosed. In a statement, JDE Peet’s said the brands, which have a strong …
USA: Danone to sell Horizon Organic and Wallaby Organic dairy brands
Danone, the French consumer goods giant, has signed an agreement to sell the Horizon Organic and Wallaby dairy brands to US-based investment firm Platinum Equity for an undisclosed sum. Established in 1991, Horizon Organic offers USDA-certified organic dairy products ranging from milk and creamers to yoghurt, cheese, and butter. Australian brand Wallaby Organic specializes in creamy yoghurts, including traditional Australian-style and organic Greek yogurt …
Tradeshow Look Ahead: Josep Antoni Valls, Alimentaria 2024
Gama spoke to Josep Antoni Valls, director general, ahead of the latest edition of Alimentaria. Read the interview in the latest issue of Gama News. What are your expectations for Alimentaria&Hostelco 2024? The 2024 edition will be the most international to date. More than 900 out of the 3,200 exhibiting firms expected will be international, coming from more than 60 countries. The show also anticipates …
USA: Unilever to acquire haircare brand K18
Unilever, the FMCG multinational, has announced that it has signed an agreement to acquire US haircare brand K18 for an undisclosed sum. Founded in 2020 by Suveen Sahib and Britta Cox, K18 is described as bridging the gap between beauty & biotech with six haircare solutions targeting hair damage. K18 is distributed through professional salons, retail, and e-commerce platforms in North America, the UK …
Italy: L’Occitane acquires upscale home fragrance firm Dr. Vranjes Firenze
L’Occitane, the premium French toiletries firm, has announced it is expanding its presence in home fragrance with the acquisition of Dr. Vranjes Firenze. Founded in 1983, Dr. Vranjes Firenze “encapsulates the essence of Florentine artisanship combined with the innovation of fragrance science”, L’Occitane said in a statement. It further described the brand as being “at the forefront of luxury home scents”, with sales in over 75 …
USA: DayDayCook acquires Yai’s Thai
DayDayCook (DDC), a self-proclaimed content-driven consumer food brand, has announced that it has entered into an agreement to acquire Yai’s Thai, a leading US Thai food brand, for an undisclosed sum Founded in 2014, Yai’s Thai offers Thai-inspired pantry essentials, such as curries and stir-fry sauces. Commenting on the acquisition, DDC’s founder and CEO Norma Chu said: “Yai’s Thai is an important addition to …
India: Clear Premium Water acquires majority stake in Kelzai Volcanic Water
Clear Premium Water, an Indian manufacturer of bottled water, has acquired a 51% stake in Kelzai Volcanic Water, a brand of volcanic spring water. Established in 2007, the Kelzai Volcanic Water brand provides water sourced from volcanic springs in the Western Ghats, and is claimed to be rich in essential minerals and electrolytes. It is available in various sizes of plastic and glass bottles …
USA: PepsiCo to build $90 million snack facility in Vietnam
PepsiCo, the global snacks and drinks giant, has announced plans to build $90 million snack facility in Vietnam to supply both the Vietnamese and Cambodian markets. The new 80,000 sq m facility will be built in Dong Van I Expanded Industrial Park in the Ha Nam province and is expected to produce over 23,000 tonnes of goods each year. Commenting on the move, Nguyen …
Gama News – October – December 2023
The October – December 2023 edition of Gama News is now available. In this edition: o Industry Insight: Ian Wright CBE o Tradeshow Insight: InterTabac 2023 o Gama Innovation Conference & Awards 2023 o Industry Insight: Valeria Krynetskaya o Tradeshow Insight: Anuga 2023 o Look Ahead: Alimentaria 2024 o Look Ahead: IFE 2024 CLICK HERE to read it now.
USA: King’s Hawaiian to build $200 million Indiana baking plant
Los Angeles-based bakery firm King’s Hawaiian has announced plans to invest $200 million to build a manufacturing facility in Taylorsville, IN. According to a report in Food Business News, the company has purchased 88 acres and plans a 300,000-square-foot facility to be built in phases, with the first phase creating 125 to 150 jobs. “We are faced with a wonderful problem of capacity limitation”, said …
USA: Chobani to acquire La Colombe
Chobani, the leading US greek yoghurt firm, has announced the acquisition of La Colombe, an American coffee roaster, for $900 million. Founded in 1994, La Colombe is described as crafting premium roasts from bean to cup, reaching consumers through retail stores, cafes, food service providers, and direct-to-consumer platforms. The deal comes a matter of months after Keurig Dr Pepper announced a 33% ownership stake …
Valeria Krynetskaya, Head of Plant-Based Venture THRYVE
IFFCO Group
Gama spoke to Valeria Krynetskaya, Head of Plant-Based Venture THRYVE at IFFCO Group. What are the drivers behind consumers’ dietary choices in the Middle East? “At the moment, consumers are mostly looking to evolve their diet towards lower salt, lower sugar and free from to reduce their weight. An important factor in these choices in the GCC is the doctor or nutritionist who advises …
USA: Unilever to sell Elida Beauty business
Unilever, the multinational consumer goods giant, has announced it has received a binding offer from Yellow Wood Partners, a Boston-based private equity firm, to acquire Elida Beauty for an undisclosed amount. Elida Beauty has a portfolio of 20 beauty and personal care brands including Q-tips, Impulse, Caress, Tigi, Timotei, Monsavon, Brut, Moussel, Alberto Balsam, and VO5, which together generated revenue of around £800 million ($980 …
China: Pernod Ricard to launch “China-first” prestige malt whisky
French spirits maker Pernod Ricard has announced it has finalized production of The Chuan Pure Malt Whisky, the initial release from its distillery in Mount Emei, which is claimed to be the first prestige malt whisky to be produced in China. Construction on the distillery began in September 2019 as part of a ten-year, $150 million investment. The product, which is described as a rich and …
India: HCCB to invest $368 million in Gujarat
Hindustan Coca-Cola Beverages (HCCB), the Indian Coca-Cola subsidiary, has announced an investment of 3,000 crore INR ($368 million) to set up a new plant in Rajkot, in India’s Gujarat state, to manufacture juice and aerated beverages. “The investment is expected to create a considerable industrial footprint, fostering substantial economic and social growth in the region”, HCCB said in a statement. “The Government of Gujarat, …
Australia: Haigh’s Chocolates to build manufacturing facility in Salisbury South
Haigh’s Chocolates, an Australian confectionery company, has announced an investment of A$130 million ($87 million) to develop a manufacturing facility in Salisbury South, Adelaide. The project, which will span an area of 36,000 sq m, will accommodate 9,000 sq m for production facilities and 6,000 sq m for warehousing. A$36 million ($24 million) from the overall investment will be utilized for the purchase of …
Japan: Meiji to build dairy plant in Hokkaido
Meiji, the Japanese food and pharmaceutical firm, has announced plans to invest ¥48 billion ($339 million) in the construction of a new dairy plant in Nakashibetsu, Hokkaido. According to Meiji, the new facility will have an initial production capacity of 430,000 tons of raw milk annually, with the potential to reach 500,000 tons over time. The new 230,000 sq m plant will ultimately replace …
India: Krishna’s Herbal & Ayurveda to open new manufacturing unit in Jodhpur
Krishna’s Herbal and Ayurveda, a leading manufacturer & supplier of ayurvedic medicines, has announced an investment of 5 crore INR ($600,000) to develop a state-of-the-art manufacturing plant in Jodhpur, India. The company is said to be best known for juices with natural and ayurvedic ingredients, and its portfolio is said to encompass products for diabetics, as well as aloe vera, amla, and more. The …
India: Nourish You acquires dairy alternative brand One Good
Nourish You, the Indian “superfood” company, has announced the acquisition of dairy alternative specialist One Good for an undisclosed sum, expanding its footprint in the vegan category. Founded in 2016 under the name Goodmylk, One Good offers a variety of vegan dairy alternative products including milk, cheese, chocolate, curd, ghee and butter. It has manufacturing plants in Bengaluru, Mumbai and Delhi with capacity for …
France: Ferrero-related company “in exclusive talks” to acquire Michel et Augustin
CTH Invest, a Belgian holding company associated with confectionery major Ferrero, has announced that it has entered into exclusive negotiations to fully acquire the Michel et Augustin food and drinks brand from French consumer goods giant Danone. Founded in 2004, Michel et Augustin markets biscuits, dairy products, fresh desserts and beverages. It was acquired by Danone in 2016. In a statement, Ferrero said the …
Ian Wright CBE, Co-Chair
Food and Drink Export Council
Gama spoke to Ian Wright CBE, Co-Chair of the Food and Drink Export Council. What challenges are consumers facing and how should suppliers respond? “The cost of living is a major problem right the way around the world and it’s making a big difference to the ability of our customers, our consumers and most importantly our shoppers to be able to choose the products …
Look Ahead: Federico Dellafiore, IFE 2024
Gama spoke to Federico Dellafiore, event manager, ahead of the latest edition of IFE, International Food & Drink Event. Read the interview in the latest issue of Gama News. What are your expectations for IFE 2024? What new features are there for visitors to look forward to? We’re so excited for the industry to experience IFE 2024. Alongside popular returning features such as the New Products …
Brazil: Nestle investing $1.2 billion in food and beverage production
Consumer goods major Nestle is planning to spend over $1.2 billion to bolster its capabilities in Brazil between 2023 and 2025, consolidating the country as Nestle’s third most important market globally. In a statement, Nestle said money would be earmarked for the adoption of new technologies and manufacturing facilities, more sustainable practices, and product innovation. Specific investments include coffee, supplements, chocolate and biscuits, with …
India: Wipro Consumer Care and Lighting acquires personal care brands from VVF
Wipro Consumer Care and Lighting, an Indian personal and household care manufacturer, has acquired soap brands Jo, Doy, and Bacter Shield from Mumbai-based health & beauty firm VVF for an undisclosed sum. Wipro’s acquisition, its third within the space of a year, will reportedly allow it to strengthen its grip in the soap category by broadening its reach across segments and geographies. The Jo …
USA: Post Holdings to close Ohio cereal plant
Breakfast cereal maker Post Holdings has announced plans to close a manufacturing facility located in Lancaster, in the US state of Ohio to reduce capacity in its manufacturing network. The Lancaster plant was acquired by Post Holdings in June 2021 as part of the company’s wider acquisition of TreeHouse Foods’ breakfast cereal business. The decision will affect around 200 employees, with production to other …
Germany: Pfeifer & Langen takes majority stake in Rugenwalder Muhle
Pfeifer & Langen, a German sugar and snacks firm, has taken a majority stake in Rugenwalder Muhle, a manufacturer of meat and meat alternatives. According to a Vegconomist report, the deal forms part of Pfeifer & Langen’s strategy to expand in the plant-based space. The company already has stakes in Vbites and Endori, which manufacture vegan products. Rugenwalder Muhle, which began life as a meat …
India: Coca-Cola to build new bottling plant
Hindustan Coca-Cola Beverages (HCCB), the Indian Coca-Cola subsidiary, has announced plans to invest 1,387 crore INR ($166 million) to set up a new bottling plant in Ratnagiri, in India’s Maharashtra state, according to a report in the Economic Times. The facility will reportedly be spread across an 88-acre site in the Lote Parshuram Industrial area and draw water for its operations from the Vashishthi river. The …
Italy: Casalasco to acquire 70% of De Martino to expand Asian presence
Italian tomato producer Casalasco has signed an agreement to acquire 70% of De Martino, a trading company specialised in distributing Italian canned food over the world. De Martino has built an export network with major players in Japan, South East Asia and Scandinavia, and generates approximately €40 million ($43 million) from tomato-based canned food distribution. The agreement, which follows Caslasco’s 2022 acquisition of Emiliana Conserve, will …
Czech Republic: Kofola to acquire majority stake in beer producer Pivovary CZ
Kofola, a Czech-based non-alcoholic beverages company, has announced the acquisition of Pivovary CZ Group, a producer of traditional beer brands such as Holba, Zubr and Litovel. Pivovary CZ Group is the fifth largest beer company in the Czech Republic with a workforce of almost 500. With the acquisition, Kofola said it planned to bolster its presence in beers with export potential. Kofola will hold a …
Belgium: Monoprix to open first store in the country
French retailer Casino Group has announced the opening of a new store in Belgium under the convenience store banner Monoprix, the first one in the country. According to sources, the new store will be located in the centre of Waterloo, where Transversale – the firm’s master franchisee – has already collected a permit from local authorities to open the business. The new store is …
Look Ahead: Yannick Verry, Fi Europe 2023
Gama spoke to Yannick Verry, Brand Manager, ahead of the latest edition of Fi Europe. What are your expectations for this year’s FI Europe? For Fi Europe 2023, expectations are high as we anticipate the convergence of over 25,000 F&B professionals and 1,400 exhibitors. The goal is to facilitate invaluable connections, showcasing new products, suppliers and solutions. The event’s diverse highlights, including the …
Canada: Lagoon Seafood to complete construction of facility
Lagoon Seafood, a fresh and frozen seafood company, has completed the construction of its 63,000 square feet state-of-the-art facility in Granby, Quebec. The new production and packaging facility elevates the company’s operations, supporting the production of Blue Tide branded and private-label products. Commenting on the news, Lagoon Seafood business resource manager Michael Cheaib said: “The completion of this project propels us forward in ways …
Spain: Grupo Apex acquires manufacturing facility
Leading Spanish-based snacks company Grupo Apex has announced the acquisition of a frying facility in Aleson, in Spain’s La Rioja region, as it seeks to bolster its manufacturing capability. According to a FoodBev report, the facility had been closed since 2021 but was previously operated by Patatas Lahera. Grupo Apex plans to produce crisps and other savoury snacks in the new plant, which includes …
India: Dabur to open new manufacturing unit in southern India
Dabur, a diversified FMCG manufacturer specialised in ayurvedic products, has announced plans to set up a new factory in the south of India within a year, with a view to expanding its portfolio with products tailored to the needs of local consumers. The move reportedly aligns with the company’s overall strategy to enhance manufacturing capacity and diversify production lines, catering to growing demand in …
UK: Mars acquires confectionery retailer Hotel Chocolat
Hive Bidco, a wholly-owned indirect subsidiary of US confectionery firm Mars, has signed an agreement to acquire Hotel Chocolat, a UK chocolate manufacturer and retailer, in a deal worth £534 million ($663 million). Hotel Chocolat established its first store in North London nearly two decades ago, subsequently expanding to over 130 UK locations. The firm also has a presence in Japan and the Caribbean. …
Poland: LDC in negotiations to buy Indykpol
LDC Group, the French poultry processing giant, is reportedly negotiating to acquire Indykpol Group, a Polish firm specialising in turkey meat. According to an article in Just Food, LDC is in “advanced” talks with Rolmex, Indykpol’s owner, to buy the company. Indykpol is said to have reported sales of €228 million ($244 million) in 2022. The firm owns a processing plant located in northern …
Saudi Arabia: PepsiCo to expand manufacturing facility
FMCG giant PepsiCo has announced it is investing 200 million SAR ($53.3million) to upgrade a snacks facility in Saudi Arabia. According to sources, the facility is located in the Eastern city of Dammam and the investment will enable an increase in production capacity to meet growing demand on both local and export markets. On its website, PepsiCo Kingdom of Saudi Arabia (KSA) describes itself …
Indonesia: Cargill opens Cocoa Development Centre
Cargill, the global food and agribusiness firm, has announced the opening of a state-of-the-art Cocoa Development Centre in Gresik, Indonesia. In a press release, the company said the facility was the first of its kind in Asia-Pacific and “the most advanced”. The centre is located in the same site of Cargill’s cocoa processing plant and is aimed to boost consumer-driven innovation. Francesca Kleemans, managing …
Australia: Mondelez invests A$13 million to expand Gourmet Food manufacturing site
Mondelez International, the global snacking and confectionery giant, has announced a A$13 million ($8.4 million) investment in a state-of-the-art automated packaging line at its Gourmet Food manufacturing facility at Dandenong, Victoria, according to an article in Food & Drink Business. The investment is part of a wider A$25 million ($16.2 million) investment that the company has made since acquiring Gourmet Food in 2021. In …
USA: Nissin Foods to build $228 million manufacturing facility in South Carolina
Nissin Foods, an instant noodle manufacturer, has announced an investment of $228 million to develop a third U.S. manufacturing facility in Greenville County, South Carolina. The 640,000 sq ft facility will produce a range of products from the Nissin Foods lineup, including Top Ramen, Cup Noodles, and Hot & Spicy Fire Wok, with the ability for future expansion as required. Commenting on the move, …
USA: B&G Foods sells Green Giant canned vegetable portfolio to Seneca Foods
B&G Foods, the US-based ambient and frozen foods firm, has announced that it has sold its Green Giant US shelf-stable vegetable product line to peer Seneca Foods for an undisclosed sum. The divestment will see B&G Foods retain ownership of Green Giant trademarks, and license the brand name to Seneca Foods for shelf-stable products. The deal excludes frozen items, Green Giant Canada, and the …
Australia: Australian Beer acquires Ampersand Projects
Australian Beer (ABCo), a brewing firm that is part of the Casella Family Brands group, has announced the acquisition of Ampersand Projects, Australia’s leading independent spirit company, for an undisclosed sum. The deal strengthens ABCo’s position in spirits and flavoured alcoholic beverages (FABs), while also allowing Ampersand Projects full access to ABCo’s capabilities and resources. Commenting on the move, Casella Family Brands managing director …
Australia: Good Earth Dairy to open camel milk facility
Good Earth Dairy, an Australia commercial camel milk producer, has secured a government grant to support construction of a fresh and powdered camel milk processing facility in Perth, according to a report in Business News Australia. The A$20 million ($14.2 million) project aims to establishing Australia’s first dairy facility exclusively for camel milk products, generating over 90 new jobs upon full asset utilization. Commenting …
USA: Treasury Wine Estates to acquire DAOU Vineyards for $900 million
Treasury Wine Estates (TWE), the Australian wine giant, has reached an agreement to acquire DAOU Vineyards, a US luxury wine brand, for $900 million. The acquisition includes the DAOU brand, DAOU Mountain Estate, four boutique luxury wineries and around 400 acres of vineyards. Commenting on the acquisition, Treasury Americas president Ben Dollard said: “We’re really excited about the opportunity for the wine category to …
Global FMCG leaders reconnect in Manchester for the Gama Innovation Conference & Awards 2023
MANCHESTER – 7th November 2023: Inspiration and connection were once again to the fore as over 300 fast-moving consumer goods (FMCG) professionals from all around the world came together on Thursday 19th October for the eighth edition of the Gama Innovation Conference & Awards (GICA) at The Bridgewater Hall in Manchester. Held once again as a hybrid event, GICA 2023 attracted a broad audience, including major players such …
Switzerland: Hero to close jam factory
Hero, the Swiss preserves, snacks, and infant nutrition manufacturer, has announced plans to close its jam-making factory in Lenzburg, Switzerland, where the firm also has its headquarters. The decision was taken by the board after employee proposals submitted during the consultation period did not provide a viable alternative, the company said in a statement. The plant was opened in 2011 but never managed to reach …
Ireland: Ornua investing €40 million at butter production facility
Ornua, the Irish dairy cooperative, has announced a €40 million ($44 million) development at Kerrygold Park, its butter production facility in Mitchelstown, Ireland. This investment will increase Kerrygold Park’s annual processing capacity to 80,000 tonnes of butter, equivalent to over 1 million packs daily. Commenting on the move, Ornua co-operative chair Aidan O’Driscoll said: “We are […] passionate about growing the brand’s global status …
UK: Premier Foods acquires breakfast foods brand Fuel10k
UK food manufacturer Premier Foods has announced the acquisition of breakfast brand Fuel10K in a deal worth £34 million ($41.2 million). The Fuel10k range includes granola, porridge, biscuits, and high-protein snacks, and has reportedly recorded strong double-digit revenue growth over the last three years. Commenting on the acquisition, Premier Foods chief executive officer Alex Whitehouse said: “FUEL10K provides us with an ideal platform to …
USA: Keurig Dr Pepper to invest $100 million in coffee plant expansion
Keurig Dr Pepper, the soft drinks and coffee firm, has announced plans to invest $100 million to expand its coffee roasting facility in Spartanburg County, South Carolina, generating more than 250 new jobs by 2027. The facility, which was opened two years ago with an initial $380 million investment, is focused on roasting and packaging coffee for K-Cup pods designed for Keurig brewers. Commenting …
Ireland: Amber Beverage Group to invest €35 million in new whiskey distillery
Global spirits firm Amber Beverage Group (ABG) has announced plans to invest €35 million ($35.9 million) in a new distillery for its Walsh whiskey business in Dunleckney, Ireland. The new facility will become the home for the premium brand Writers’ Tears and The Irishman, and is expected to reach a production capacity of 4 million litres of pure alcohol annually. Commenting on the investment, …
USA: Ferrara to acquire Jelly Belly
Ferrara, the leading US sugar confectionery firm, has announced it has signed an agreement to acquire peer Jelly Belly through its holding company CTH for an undisclosed amount. Jelly Belly is a family-run company renowned for its specialty retail confections, including jelly bean brands such as BeanBoozled® and Sport Beans®. The acquisition includes Jelly Belly’s 100 flavours, 800 employees, and its facilities in California, …
UK: AG Barr acquires Rio soft drinks brand
AG Barr, the UK-based soft drinks firm, has announced the acquisition of soft drinks brand Rio from independent brewer Hall and Woodhouse in a deal worth £12.3 million ($15 million). The acquisition will complement AG Barr’s current portfolio, which includes brands such as Irn-Bru, Boost, Funkin, and Rubicon. The Rio brand has been marketed, sold and distributed on an exclusive licence basis by AG …
USA: JM Smucker to sell fermented food brands
JM Smucker, the US-based food and beverage company, has announced that it has come to an agreement to sell its Bick’s pickles, Habitant pickled beets, Woodman’s horseradish, and McLarens pickled onions brands to private label specialist TreeHouse Foods. The brands included in the transaction generated net sales of approximately $60 million for JM Smucker’s fiscal year ended April 2023. Tim Wayne, JM Smucker senior …
UK: Imiracle expands into nicotine pouches with Tacja brand
Imiracle, the Hong Kong firm behind the leading Elf Bar e-cigarette brand, has announced it is foraying into the nicotine pouches category with the launch of the Tacja brand in the UK, Sweden and Switzerland. The range comes in eight flavours identified as either “mellow” or “frozen”, and in nicotine strengths of 20mg, 18mg and 12mg per gram, with flavour release reportedly lasting for …
Tradeshow Insight: Anuga 2023
Gama with Tomás Fuertes, Chairman and Rafael Fuentes, CEO, ElPozo 140,000 food and drink professionals from over 200 countries packed the halls of Kolnmesse’s extensive showgrounds in the German city of Cologne in early October, as Anuga once again proved itself to be the world’s stand-out event for the consumer goods industry. Altogether, nearly 8,000 visitors set up stall across the numerous pavilions, which …
USA: Ruiz Foods to expand facility in Vernon
Ruiz Foods, a Mexican food firm, has announced the acquisition of two facilities in Vernon, CA to expand its overall manufacturing space by approximately 150,000 sq ft. Ruiz Foods subsidiary RG1 Holding Co acquired both of the buildings in October 2022. The expansion is intended boost the company’s manufacturing capacity on the US west coast. Commenting on the news, Ruiz Food Products chief operating …
Philippines: Unilever opens new factory to bolster personal care manufacture
Unilever, the multinational consumer goods giant, has opened a new €80 million ($78.4 million) factory in the Philippines to increase production of its personal care ranges in the country by 15%. Located in the province of Cavite, the factory will manufacture Sunsilk and Creamsilk haircare products, as well as deodorant ranges from Rexona and Dove. Commenting on the new facility, Unilever Philippines chairman and …
Brazil: PepsiCo to expand snack manufacturing capacity
PepsiCo, the global snacks giant, has announced plans to expand its manufacturing operation in Cabo de Santo Agostinho, north-eastern Brazil, with a new production line, creating over 300 jobs. The new line will boost production capacity by 30% and allow the manufacture of products under the Torcida brand, as well as for the Cheetos, Cebolitos and Fandangos brands. Commenting on the move, PepsiCo Brazil …
Netherlands: Nolet set to buy spirits peer Lucas Bols
Nolet, the leading Dutch distiller, has announced an agreement to buy its fellow spirits firm Lucas Bols in a deal worth approximately €269.5 million ($286.2 million). In a statement, the two companies said the deal would create “a Dutch champion in the global spirits and cocktail market”, adding they see “a unique opportunity to bring two leading […] companies with a rich heritage under …
USA: Kroger launches Hispanic-inspired Mercado brand
Kroger, the leading US grocery retailer, has announced the launch of Mercado, a Hispanic-inspired brand offering more than 50 products sold exclusively in the Kroger family of stores. The new lineup will include queso fresco, Oaxaca cheese balls, ready-to-cook flour tortillas, pre-cooked white corn meal, chorizo ground sausage, thin-sliced beef strip steak, aqua fresca and chicharrones pork crackling strips. Commenting on the brand launch, …
Netherlands: Louis Dreyfus Company, Instanta open Vietnam coffee plant
Netherlands-based commodities firm Louis Dreyfus Company (LDC) and Polish private label coffee manufacturer Instanta have announced the opening of a new plant in Binh Duong province, Vietnam, for the manufacture of freeze-dried coffee. The joint venture facility, which will have an annual production capacity of 5,600 tonnes, was established to meet rising global demand for instant coffee, particularly more premium freeze-dried coffee. The facility’s product offering is …
UK: Little Moons to build new factory
Little Moons, the UK maker of mochi desserts, has announced plans to open a new 50,000 sq ft production facility in Kettering in the first half of 2024, according to reports in The Manufacturer and Grocery Gazete. The move comes after the company reportedly nearly doubled its turnover to £68.5 million into the 18 months to December 2022, thanks to expanding distribution in UK …
USA: Utz Brands rationalises manufacturing network
Utz Brands, the US snack maker, has announced plans to rationalise its manufacturing network, including divesting a plant in Bluffton (IN), closing another in Hanover (PA), and listing for sale two further plants in Louisiana and Alabama. The company said the move was intended to streamline its operating structure by consolidating volume into a smaller number of facilities. In addition, Utz Brands said it had …
Look Ahead: Jan Philipp Hartmann, Anuga 2023
Gama spoke to Jan Philipp Hartmann, Director, ahead of the latest edition of Anuga. What are your expectations for this year’s Anuga? This year’s Anuga is really something to behold. With more than 7,800 exhibitors from 118 countries and a fully booked net exhibition area of about 300,000 sq m, we are ensuring that this year’s Anuga will once again build on its …
Brazil: JBS starts construction on cultivated protein research centre
JBS, the Brazilian meat firm, has started construction of what it claims is the first research & development centre in Brazil for cultivated protein. Located in Florianopolis, in the state of Santa Catarina, the new facility is planned to be built in three phases via an estimated investment of $62 million, with the aim of making the production of cell-cultured meat more affordable, efficient, …
USA: Sahale Snacks sold to Second Nature Brands
Second Nature Brands, a US snack and confectionery brand owner, has announced the acquisition of nut and fruit snack mix maker Sahale Snacks from JM Smucker for a total consideration of $34 million. Sahale Snacks has net sales of $48 million and sell its products across the US and internationally under its namesake brand. The transaction will include all trademarks, as well as a leased manufacturing facility in Seattle(WA). The …
Colombia: Jeronimo Martins plans further expansion of Ara retail chain
Jeronimo Martins, the Portuguese retail chain, has announced the further expansion of its Ara banner in Colombia, with its network of stores projected to reach 1,300 by the end of 2023, up from fewer than 1,100 the year before. Staff headcount is set to increase to 14,500, with the company also expecting to operate 17 distribution centres by the end of the year. A decade ago, …
Germany: Beiersdorf opens manufacturing plant
Beiersdorf, the German health & beauty group, has announced the official opening of its new €300 million manufacturing plant in the German city of Leipzig. Three lines are currently in operation at the factory, with two more set to follow shortly. The plant is expected to produce up to 450 million products each year, in particular deodorants, hair sprays and shaving foams for both the European …
Spain: Carrefour to acquire 47 stores from El Corte Ingles
Carrefour, the leading French supermarket chain, has announced it has entered into an agreement with Spanish peer El Corte Ingles to acquire 47 stores under the SuperCor banner. The stores involved in the transaction are located mainly in the Madrid, Catalonia, Andalucia and Comunidad Valenciana regions, and have an enterprise value of €60 million ($62.1 million). In a press release, the company said the …
Tradeshow Insight: InterTabac 2023
Mid-September, and the attention of tobacco and nicotine businesses was once again drawn to the German city of Dortmund as the latest edition of InterTabac, the industry’s global flagship trade event, opened its doors for three days of networking, conferences and exhibitions. At 13,500, visitor numbers were said to be up on 2022, while exhibitor representation was also strong with 680 companies (representing 60 …
Netherlands: Albert Heijn launches plant-based brand
Albert Heijn, the leading Dutch supermarket chain, has announced the launch of a new plant-based line comprising 200 products under the brand AH Terra. The new line-up includes plant-based dairy alternatives for coffee, hummus and vegetable spreads, plant-based cheese and meat alternatives, non-dairy mayonnaise, margarine, snacks, and plant-based shrimp. Commenting on the brand launch, Albert Heijn CEO Marit van Egmond said: “To drive the …
Ireland: Britvic announces £6 million factory investment
Britvic, the UK-based non-alcoholic drinks firm, has announced plans to invest £6 million ($6.84 million) to expand production capacity at its Ballygowan facility in Newcastle West, Ireland, creating 28 new jobs. The investment is intended to expand the site’s production capacity by over 20% to meet increasing demand for Ballygowan mineral water. It will also provide additional bottling capacity for 50 million recycled and …
India: PepsiCo to set up crisp manufacturing plant in Assam
PepsiCo, the global snacks and drinks giant, has announced plans to invest 778 crore INR ($105 million) to set up a manufacturing plant for the Lay’s crisp brand in Nalbari, in India’s Assam state. The project, which will span an area of approximately 44.2 acres, is set to become operational in 2025, with expectations of generating more than 500 direct and indirect job opportunities, …
USA: Kroger and Albertsons to divest over 400 stores following merger
Kroger and Albertsons have announced plans to divest 413 stores to retail supply firm C&S Wholesale Grocers in connection with the proposed merger of the two chains, which was announced last year. The deal involves stores operating under banners such as QFC, Mariano’s, and Carrs. Kroger will also sell private label brands like Debi Lilly Design, Primo Taglio, Open Nature, ReadyMeals, and Waterfront Bistro, …
Brazil: Nestle to acquire majority stake in Grupo CRM
Swiss FMCG giant Nestle has announced the acquisition of a majority stake in Brazilian chocolate manufacturer Grupo CRM from investment fund Advent International. Grupo CRM is described as operating a successful direct-to-consumer business, with over 1,000 chocolate boutiques under the Kopenhagen and Brasil Cacau brands and a growing online presence. Commenting on the acquisition, Nestle Brasil CEO Marcelo Melchior said: “We understand that we …
USA: JM Smucker to buy Hostess Brands for $5.6 billion
JM Smucker, a US-based food and beverage company has announced the acquisition of Hostess Brands, a long-established US bakery firm, “to accelerate focus on convenient consumer occasions”. Hostess Brands is a Kansas-based company that markets products under brands such as Hostess, Donettes, Twinkies, CupCakes, Ding Dongs, Zingers, CoffeeCakes, HoHos, and Voortman cookies and wafers. The acquisition includes the brand portfolio along with six production …
USA: Kellogg separation gains board approval
Kellogg, the leading cereal and snack maker, has moved a step closer to separating into two distinct business after the proposal was rubber-stamped by the company’s board. Upon completion on 2nd October, Kellogg will be renamed Kellanova and will continue to trade on the New York Stock Exchange under the ticker symbol “K”, while the spun-off WK Kellogg Co is expected to begin trading on …
Germany: Fuchs expands in Romania
Fuchs, the German spices and seasoning specialist, has announced plans to invest in Romania to expand and upgrade its existing manufacturing assets. In a statement, the company said the investment of more than €14 million ($15 million) would go towards the construction of a new production building with state-of-the-art facilities. The move is intended to “accelerate [the company’s] ambitious growth targets in the branded …
USA: 7-Eleven expands to Laos
7-Eleven, the US convenience store chain, has announced a further expansion of its geographic footprint with the opening of its first store in the Southeast Asian country Laos. Located in the capital Vientiane, the outlet is described as featuring 7-Eleven’s “signature retail environment” and as serving a variety of internationally-popular products and beverages including bean-to-cup coffee and Slurpee and Big Gulp drinks. CP ALL Laos, the master …
India: ITC to set up food manufacturing, packaging plants
ITC, the Indian consumer goods giant, has announced plans to invest 1,500 crore INR ($181 million) to set up an integrated food manufacturing and logistics facility and a sustainable packaging manufacturing plant at Sehore in Madhya Pradesh. According to sources, the two projects will span an area of approximately 57 acres. Commenting on the new investment, ITC chairman Sanjiv Puri said: “In line with …
Look Ahead: Nicola Woods, Speciality & Fine Food Fair 2023
Gama spoke to Nicola Woods, Event Manager, ahead of the latest edition of Speciality & Fine Food Fair. What are your expectations for this edition of Speciality & Fine Food Fair? We’re so excited for this year’s event! The speciality food & drink industry is an amazing place to be at the moment, with huge enthusiasm from consumers, inspiring innovation from producers and …
India: Amul plans to establish 15 new milk processing plants
Indian dairy giant Amul is planning to add 15 new milk processing plants in the 2024 financial year as it seeks to capitalize on the move from own-label to branded products. The company has reportedly lined up an investment of $40-53.33 million for capacity expansion and new initiatives. It currently has installed capacity of 47 million litres per day and expects to expand this …
USA: E.l.f. Beauty to acquire Naturium
E.l.f. Beauty, the US cosmetics maker, has announced it has signed an agreement to acquire drugstore skincare brand Naturium for $355 million in a combination of cash and stock. Naturium, which was launched in 2019 by brand accelerator The Center, claims to unlocks the benefits of natural botanicals and powerful actives with innovative technology. Its best-selling products include The Glow Getter Multi-Oil Hydrating Body …
Indonesia: PepsiCo breaks ground on new snack plant
PepsiCo, the global snacks firm, has broken ground on a new snacks plant in Cikarang, Indonesia, according to Reuters and Just Food reports. The investment is said to mark the company’s return to manufacturing operations in Indonesia after ending a joint venture with an Indofood subsidiary in 2021. The venture had produced the brands Lay’s, Cheetos and Doritos for the local market The new facility …
UK: Iceland embarks on major NPD push with launch of 500 items
Iceland, the UK frozen food retailer, has announced the launch of 500 new exclusive products in its Iceland and The Food Warehouse stores, as well as its concessions in The Range. The new range includes ready meals under brand licences such as TGI Fridays, Yo!, Cathedral City, Blue Dragon and MyProtein, as well as own brand offerings. Sweet options are also being expanded through …
Germany: Lieken scales back manufacturing operations
Lieken, the German manufacturer of bread and other baked goods, is scaling back its manufacturing operations with the closure of a production line at its factory in Ludersdorf, Mecklenburg-Vorpommern. The closure, which will reportedly affect around 80 jobs, is said to be part of a strategic decision to refocus the business on its core categories of sandwich loaves and other sliced bread. According to …
USA: Wells Enterprises announces expansion plans
Wells Enterprises, the US ice cream maker, has announced plans to expand its Dunkirk, New York manufacturing plant, generating more than 200 jobs. The company, which was acquired by Ferrero in December 2022 but continues to operate independently, said the investment was key to boosting production for brands like Blue Bunny, Blue Ribbon Classics, Bomb Pop, and Halo Top. Commenting on the move, Wells …
USA: Aldi to acquire Winn-Dixie and Harveys stores
Aldi, the Germany-based retail chain, has announced an expansion of its footprint in the US with the acquisition of the Winn-Dixie and Harveys chains as part of as part of a larger divestiture of Southeastern Grocers. The deal includes 400 Winn-Dixie and Harveys stores in Alabama, Florida, Georgia, Louisiana, and Mississippi, making up 75% of the two chains’ grocery outlets. In a press release, …
UK: Britvic adds bottling line to Beckton factory
Britvic, the UK soft drinks maker, has announced it is adding a sixth bottling line to its Beckton facility in East London via a £22.5 million ($28.6 million) investment. The expansion is designed to help support Britvic’s long-term growth ambitions in Britain, increasing production capacity at the site by nearly 30%, the company said. The new line will produce carbonated soft drinks under brands such as Tango …
UK: Asda launches cooking ingredients range
Asda, the UK grocery retailer, has announced the launch of a new line of cooking ingredients under the banner Cook By Asda. The new line-up of over 130 “affordable, high-quality” pre-prepared ingredients is intended to inspire shoppers to experiment with different flavours, the company said, identifying product highlights such as gochujang, massaman and laksa spice pastes, chipotle breadcrumbs and nooch seasoning. The range is …
Ireland: Diageo cleared to proceed with Baileys plant expansion
Diageo, the leading alcoholic drinks firm, has been given the green light to proceed with the expansion of a facility in Northern Island that acts as a primary manufacturing site for the firm’s Baileys brand of cream liqueur. According to reports in the Irish Times and Food Manufacture, the £26 million ($33 million) expansion of the firm’s Mallusk site in Country Antrim has now …
Brazil: Heineken invests in alcohol-free beer production
Multinational Dutch brewer Heineken has announced plans to invest R$80 million ($15.75 million) to expand production of Heineken 0.0 at the Araraquara brewer in Sao Paulo, Brazil, according to a report in Industria News. The news comes a few months after the company unveiled an investment of R$1.5 billion ($243 million) to expand its premium beer operations in Brazil’s Northeast region, focusing on the …
USA: AB InBev sells beer, energy drink brands to Tilray Brands
Tilray Brands, a US pharmaceutical and FMCG firm, has announced it has acquired eight beer and energy drink brands from multinational brewer AB InBev in a deal worth $85 million. The acquisition of the Shock Top, Breckenridge Brewery, Blue Point Brewing, 10 Barrel Brewing, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider and HiBall Energy brands includes four production facilities in Oregon, Colorado, and …
USA: Molson Coors expands non-beer portfolio with Blue Run Spirits buy
US-based multinational brewer Molson Coors is continuing to diversify beyond the beer space with the acquisition of Blue Run Spirits, a bourbon and rye whiskey producer, for an undisclosed sum. With the acquisition, the firm’s first in the spirits category, the company said it would expand its portfolio and offering a more premium range of products. The deal will more than double the size …
USA: Campbell Soup acquires Sovos Brands
Campbell Soup, the US foods manufacturer, has announced the acquisition of Sovos Brands, a fellow packaged food company, in a deal worth around $2.7 billion. Sovos Brands offers a variety of # products including pasta sauces, dry pasta, soups, frozen meals, frozen pizza, and yohgurts under the brand names Rao’s, Michael Angelo’s and noosa. The firm generated $837 million in annual sales in calendar …
Look Ahead: Sabine Loos, InterTabac 2023
Gama spoke to Sabine Loos, Managing Director of Westfalenhallen Unternehmensgruppe, ahead of the latest edition of InterTabac. What are your expectations for this edition of Inter Tabac? I’m full of anticipation and very excited about InterTabac and InterSupply 2023. I’m particularly looking forward to the many new products that are traditionally presented at the show, and also to the many contacts and discussions with …
Australia: Beam Suntory and Frucor Suntory launch Suntory Oceania
Beam Suntory and Frucor Suntory have announced the launch of Suntory Oceania, a A$3 billion ($2 billion) partnership to manufacture and distribute premium spirits and alcohol-free drinks in Australia and New Zealand. Suntory Oceania will market 40 leading alcoholic drinks brands including Jim Beam, Maker’s Mark, Hibiki Whisky, and Canadian Club, with the non-alcoholic drinks portfolio including Orangina, Lucozade, Ribena, BOSS coffee, Iyemon green …
Philippines: Coca-Cola Europacific Partners acquires Coca-Cola Beverages Philippines
Coca-Cola Europacific Partners plc has announced that, together with Aboitiz Equity Ventures Inc., the companies have entered into a letter of intent to purchase Coca-Cola Beverages Philippines, Inc. According to a press release by Coca-Cola Europacific Partners, the two companies have agreed and signed a non-binding Term Sheet to purchase Coca-Cola Beverages Philippines for $1.8 billion, with Coca-Cola Europacific Partners as majority owner (60%) …
Australia: Kommunity Brew acquires Cool Cool Beverage Company
Kommunity Brew, a Western Australian functional beverage company, has acquired Melbourne’s Cool Cool Beverage Company (CCBC). The acquisition will add the Sips Sparkling and Liberty Kombucha brands to Kommunity Brew’s portfolio and opens up immediate export opportunities for the company via Sips Sparkling’s shelf-stable product range. “The integration of CCBC into our business is a major milestone in the evolution of Kommunity Brew, putting …
Canada: Lactalis Canada to acquire dessert manufacturer Marie Morin
Lactalis Canada, a subsidiary of French dairy giant Lactalis, has announced the acquisition of dessert manufacturer Marie Morin Canada for an undisclosed sum. With the transaction, Lactalis Canada will enter the dessert category in the Canadian and US markets. The acquisition includes a production facility of premium desserts in Saint-Bruno-de-Montarville, Québec and 52 employees who will join Lactalis Canada’s workforce. “We are delighted to …
Portugal: Auchan acquires business from Grupo Dia in the country
French multinational retail group Auchan has announced the acquisition of Grupo Dia’s operation in Portugal, where the company currently operates 489 stores. According to sources, the deal includes all 489 stores under the Minipreco and Mais Perto banners, three warehouses, licenses and assets necessary for the operation. In addition, the agreement guarantees the integration of 2,650 Minipreco employees. Martín Tolcachir, global executive president of …
USA: LiveKindly Collective to acquire plant-based company Alpha Foods
Plant-based company Livekindly Collective (LKC) has announced the acquisition of Alpha Foods a company specialized in frozen plant-based meals. The acquisition will allow LKC to increase its footprint in the US market. Alpha Foods is a California-based manufacturer of frozen plant-based meals such us burritos, breakfast sandwiches, chicken nuggets, patties, chicken strips, and wraps, among all products. Commenting on the acquisition, LiveKindly CEO David …
USA: Seviroli Foods acquires pastamaker Mama Rosie’s
Seviroli Foods, a US food processor owned by Mill Point Capital, has announced the acquisition of Mama Rosie’s, a family-owned manufacturer of frozen pasta products, in order to broaden its portfolio, scale up the business and diversify its customer base. Mama Rosie’s supplies customers in the northeastern US with speciality filled and non-filled frozen pasta, produced in Charlestown and Woburn (MA). Seviroli Foods produces …
USA: Keurig Dr Pepper takes minority stake in La Colombe
Keurig Dr Pepper (KDP), the leading North American drinks company, has announced a strategic partnership with La Colombe which will see it take a 33% ownership stake in the US coffee roaster via a $300 million investment. In a statement, KDP said the deal included a long-term sales and distribution agreement for La Colombe’s ready-to-drink coffee, as well as a manufacturing and distribution agreement …
Brazil: Ferrara to acquire Dori Alimentos
Ferrara, the leading US sugar confectionery manufacturer and Ferrero subsidiary, has announced it has signed an agreement to acquire Dori Alimentos, a Brazilian sweets and snacks manufacturer, through its holding company CTH. Dori Alimentos is a family-controlled company backed by an affiliate of ACON Investments with a brand portfolio that includes Dori, Pettiz, Jubes, Gomets, Deliket, Disqueti, Yogurte 100, and Bolete, Commenting on the …
USA: Brynwood Partners acquires Marie’s and Dean’s Dip brands
Private equity firm Brynwood Partners has announced the acquisition of the Marie’s and Dean’s Dip brands from Ventura Foods via its newly-formed portfolio company West Madison Foods. Marie’s is a brand of salad dressings, dips and spreads, and is said to have a strong position in the refrigerated salad dressing space. Dean’s Dip is described as being universally known for its French Onion, Ranch …
USA: Bobbie acquires Nature’s One
US infant formula firm Bobbie has announced the acquisition of Nature’s One, a paediatric nutrition company from the state of Ohio,. “The industry-disrupting acquisition allows Bobbie, the fastest-growing American infant formula company in the last five decades, to meet its full growth potential while strengthening domestic manufacturing”, the company said in a statement. Founded in 2019, Bobbie claims to have a portfolio of products …
Australia: Wide Open Agriculture to open dairy alternative plant
Wide Open Agriculture (WOA), a regenerative food and agriculture company, has announced plans to open a production facility to manufacture oat milk products in Western Australia. The production facility, backed by a A$5 million ($3.3 million) grant and located near an existing pilot plant, will produce-ready to-drink oat milk using WOA’s lupin-based “Buntine Protein”. WOA said it intended to compete globally with conventional dairy …
UK: Iceland to axe Swift convenience store chain
Iceland, the UK frozen food retailer, has announced plans to close its five-strong Swift convenience store chain, according to an article in Retail Gazette. The Swift convenience store model was launched in November 2021 on a trial basis in Newcastle upon Tyne, before expanding to London in March 2022. Unlike its larger format stores, Iceland’s Swift banner focused on ambient, chilled and fresh groceries, …
Brazil: Vida Veg invests $2 million in plant expansion
Vida Veg, a Brazilian producer of plant-based foods, has announced that the company is investing R$10 million ($2 million) to expand an existing plant in Lavras, Minas Gerais state. According to sources, the firm is tripling the size of the factory and looking to increase production capacity five-fold, with the aim of establishing capability for 1,000 tons of manufactured goods per month. The project …
USA: Theo Chocolate to merge with American Licorice Co
Theo Chocolate, a US chocolate maker, has announced it is planning to merge with confectionery firm American Licorice Co in order to restructure its operations, which will result in the closure of its Seattle factory and a reduction in staff headcount. In its 18 years of operation, Theo Chocolate said it had transformed from a local Seattle-based company into a nationally-distributed brand. It will …
Ireland: Diageo invests in alcohol-free Guinness production
Alcoholic drinks firm Diageo has announced a €25 million ($28 million) investment in a new facility at its St James’s Gate site in Dublin, Ireland to boost production of alcohol-free stout under the Guinness 0.0 brand. The production facility comprises six 500,000-hectolitre vessels with a total capacity of 90 million pints. The two-storey building houses a cold filtration system that removes the alcohol. Commenting …
USA: Kraft Heinz to build $400 million distribution centre
US food giant Kraft Heinz has announced plans to invest $400 million to build one of the largest automated consumer goods distribution centres in North America. The company stated that the 775,000 sq ft facility in DeKalb (IL) will feature national railway access and a “24/7 automated storage and retrieval system. Commenting on the investment, Kraft Heinz EVP and president of North America Carlos …
Colombia: Unilever adds facility for sauce manufacture
FMCG major Unilever is expanding its manufacturing capabilities in Colombia with the launch of a new facility for its Fruco and Del Huerto brands. According to a Just Food report, the new plant is sited at the company’s existing production complex in Palmira. Said to be the fourth-largest Unilever production centre in the Latin America region, the Palmira facility employs 1,200 staff and supplies products to a total of …
France: Carrefour to acquire Cora and Match banners from Louis Delhaize
Global retail giant Carrefour has entered into an agreement to acquire the Cora and Match banners in France from Louis Delhaize. Cora and Match operate 60 hypermarkets and 115 supermarkets and have a workforce of around 24,000. Carrefour said the acquired stores would complement it geographically, especially in eastern and northern France, where it currently has limited presence. The transaction includes acquiring real estate …
UK: Ineos forays into retail household care
Chemicals giant Ineos is foraying into the UK retail household care industry with a range of cleaning detergents and other products launching exclusively in Asda. The new range is described as being developed with proprietary technology that introduces “active fragrances” designed to improve well-being and promote better sleep. Commenting on the launch, Ineos Hygienics chief operating officer Rory Tait said: “All of our products …
USA: Mars acquires Kevin’s Natural Foods
Mars, the leading food multinational, has signed an agreement to acquire Kevin’s Natural Foods, a manufacturer of sous-vide meals, sides and sauces, to bolster its Mars Food & Nutrition segment. Kevin’s Natural Foods is described as a maker of chef-inspired meals using whole foods and simple ingredients. The product ranges are described as being free from refined sugar, artificial ingredients, grains, soy, antibiotics and …
France: Lactalis expands production in Bosnia and Herzegovina
Lactalis, the French dairy giant, is investing $2.6 million to expand production in Bosnia and Herzegovina, according to a Food Business Africa report. In a statement, the firm said the 788 sq m facility was expected to increase milk manufacturing capacity by 16%, allowing it to bolster production of its Dukat and Alpsko Mleko brands. Lactalis’s Bosnia and Herzegovina subsidiary reportedly processes over 45 million litres of milk …
Germany: Emmi to sell Glaserne Molkerei
Emmi, the leading multinational dairy firm, has announced it is selling Glaserne Molkerei, a producer of organic dairy products from north-eastern Germany, to private equity firm Mutares. Emmi first invested in Glaserne Molkerei in 2012 and fully acquired the business in 2016. The German firm generates around €100 million (S110 million) in revenue from a range of products, including milk, butter, yoghurt, buttermilk and …
USA: Monster to acquire Bang Energy
Monster, the leading US energy drinks company, has announced it has reached an agreement to acquire Vital Pharmaceuticals, owner of the Bang Energy brand, after the latter declared bankruptcy. In a statement, Monster said it would acquire Bang Energy’s performance beverages and related Bang Energy businesses through the purchase of substantially all of Bang Energy’s assets, reportedly valued at $362 million, under an Asset …
Italy: Gourmet Italian Food acquires Firma Italia
Gourmet Italian Food, a diversified food manufacturer, has announced the acquisition of Firma Italia, an Italian producer of dried ready meals. Firma Italia was founded in 1995 by Silvano and Mario Birolo and produces a wide range of ready meals, including pasta, risotto, soup, sauces and ethnic meals. Gourmet Italian Food was founded in 2021 by Alcedo SGR and FVS SGR, combining the former’s …
Netherlands: Royal Unibrew acquires soft drinks firm Vrumona from Heineken
Royal Unibrew, the Danish brewing and beverage company, has signed an agreement to acquire non-alcoholic drinks firm Vrumona from Heineken in a deal worth €300 million ($315 million). Vrumona is a Dutch soft drinks company with a brand range including Royal Club, Sisi, Sourcy, as well as being a bottler for partner brands such as 7 Up, Pepsi and Rivella. Vrumona’s seven production lines …
Singapore: Comvita acquires manuka honey peer HoneyWorld
Comvita, a New Zealand based manufacturer of honey has announced the acquisition of HoneyWorld, Singapore’s largest manuka honey retailer for 8.5 million SGD ($6.33 million). The acquisition follows Comvita’s recent partnership with Ole Supermarkets, a Chinese retail chain, in a bid to expand its presence in the Asian market. Commenting on the acquisition, Comvita CEO David Banfield said: “This agreement represents a highly strategic …
India: Procter & Gamble to set up export manufacturing hub in Gujarat
Procter & Gamble, the US multinational, has announced a 2,000 crore INR ($163.99 million) investment to set up an export hub in India, according to a Times of India report. The new 50,000 sq m facility in Sanand, near Ahmedabad will reportedly use state-of-the-art technology to manufacture digestive wellness products, fully automated in line with Industry 4.0 principles. It will extend P&G’s existing presence …
India: CCL Products to invest $300 million in instant coffee plant
Indian instant coffee maker CCL Products has announced plans to build a new 400 crore INR ($304 million) manufacturing plant in Kuvvakolli, in India’s Andhra Pradesh state, according to an Economic Times report. The facility, which is to be built on a 22-acre site, will include a plant with an annual capacity of 16,000 metric tonnes for the manufacture of spray-dried instant coffee. At …
USA: Walgreens Boots Alliance to close 450 branches across UK and US
Walgreens Boots Alliance (WBA), a global leader in retail pharmacy, has announced the closure of 300 Boots stores in the UK and a further 150 Walgreens branches in the US, according to BBC and Financial Times reports. Speaking in a conference call to announce its financial results for the third quarter of fiscal 2023, the retail group reportedly claimed the move would allow it …
Canada: Nature’s Path announces acquisition of Love Child Organics
Nature’s Path, an organic breakfast and snack food company, has announced the acquisition of Love Child Organics, a Canadian organic baby food and children’s snack brand. Reportedly started from homemade recipes, Love Child Organics is touted as having been created on the promise of delivering “truly healthy, clean and organic” baby and children’s food products. The deal “strategically positions the company in the flourishing …
Finland: Coca-Cola HBC to acquire Finlandia vodka from Brown-Forman
Coca-Cola HBC, the Swiss-based soft drinks bottler, has announced it has reached an agreement to acquire to acquire Brown-Forman Finland, owner of the Finlandia vodka brand, for $220 million. The company said the acquisition would strengthen its portfolio across more of its markets, enhancing its position as a leading 24/7 beverage partner through mixability opportunities with non-alcoholic products and partnerships with customers in Horeca …
USA: ITG Brands acquires nicotine pouch range from TJP Labs
ITG Brands, a subsidiary of global tobacco and nicotine business Imperial Brands, has announced the acquisition of a nicotine pouch range from Canadian manufacturer TJP Labs to aid its entry into the modern US oral market. In a statement, ITG Brands, which currently produces a range of cigarettes, cigars and vapour products, said it had acquired a 14-strong range that has performed well in …
Spain: Grupo Apex acquires Patatas Fritas Santo Reino
Grupo Apex, a leader in the Spanish snacks market, has announced the acquisition of Patatas Fritas Santo Reino, a manufacturer and distributor of traditional crisps and other salty snacks. The acquisition will give Grupo Apex its eighth factory in Spain and expand the company’s manufacturing presence to the Andalusia region. “The acquisition allow Grupo Apex will […] improv[e] the Group’s coverage throughout the national …
Italy: BAT opens innovation hub for “new category” products
Multinational tobacco firm British American Tobacco has announced the opening of a new innovation hub in the Italian city of Trieste focusing on “new category” products such as e-cigarettes, novel oral nicotine and heated tobacco. In a press release, BAT said the hub would include laboratories, production offices, technical rooms, 12 production lines for new category products, a digital boutique and innovation lab, and …
USA: Unilever to acquire Yasso greek yoghurt brand
Unilever, the multinational consumer goods giant, has announced that the company has reached an agreement to acquire Yasso, a US frozen greek yogurt brand. Yasso offers a range of convenient frozen snacks, including novelty stick bars, chocolate crunch bars, frozen greek yogurt sandwiches and mochi. Commenting on the acquisition, Matt Close, president ice cream at Unilever, said: “I am delighted to welcome Yasso to …
Entries open and judges announced for the Gama Innovation Awards 2023
MANCHESTER – 22nd June 2023: Gama, a global provider of business information and services specializing in FMCG product innovation and international trade, has today officially opened entries for the latest edition of the Gama Innovation Awards. The Gama Innovation Awards recognise outstanding innovation in the FMCG space across ten categories: Product, Packaging, Positioning, Branding & Design, Health & Wellness, SME, Best of Britain, Best of Middle East, Hospitality …
Denmark: Carlsberg invests $44 million in Ukraine operations
Leading Danish brewer Carlsberg has announced that the company is investing 1.5 billion UAH ($44 million) in its Ukraine operations in 2023. In a press release, the company said the investment would be used to install a new production line to increase capacity for canned products. Oleh Khaidakin, managing director of Carlsberg Ukraine, said: “This line will optimize operations, meet consumer demand for canned …
UK: Sofina Foods to close Young’s factory
Sofina Foods, a Canada-based supplier of pork and seafood products, has announced plans to close its Young’s plant on Marsden Road in Grimsby, UK. According to a FoodBev report, Sofina Foods had determined the Marsden Road site was no longer viable, and now planned to transfer white fish processing operations to the Humberstone Road site in the town, and smoked operations to an existing …
USA: Monogram Foods invests $8 million in plant expansion
Monogram Foods, a manufacturer and marketer of packaged value-added foods, has announced it is investing $8 million to expand an existing plant in Martinsville, VA. The company said it intended to use the investment to increase production capacity by 80% to meet rising demand for its ready-to-eat jerky and meat stick snacks. The investment will create 156 new jobs, taking Monogram Foods’ total headcount …
USA: Sunderstorm acquires e-cigarette firm Abide Brands
Sunderstorm, the US consumer cannabis company, has announced the acquisition of Abide Brands, a Nevada-based e-cigarette specialist, for an undisclosed sum. Abide Brands is the maker of Bounti, which is is described as one of Nevada’s top-selling vape brands It focuses on “artisanal blends” which have reportedly quickly gained a loyal base of “discerning” consumers. Sunderstorm makes and sells edible products including Kanha, a …
Brazil: Kellogg to invest $40 million in Pringles production
Food giant Kellogg has announced plans to invest R$250 million ($40.9 million) to increase production capacity for potato snacks in Brazil. According to an article in Pipeline Valor, the investment will enable Kellogg to double production capacity for the Pringles brand, just five years after it started producing the snacks locally. The brand has reportedly seen sales increase five-fold in the intervening period, meaning …
Italy: Barilla to invest €1 billion in expansion bid
Italian food producer Barilla has announced that the company is investing €1 billion ($1.09 billion) in a bid to expand both domestically and internationally. According to an article in Corriere Della Sera, the company is intending to allocate half of the total to its Italian business, boosting its competitive position and assisting efforts at internationalization. In addition, Barilla is claimed to be planning a …
Canada: Pernod Ricard to acquire majority stake in Ace Beverage Group
Corby, the Canadian affiliate of wine and spirits multinational Pernod Ricard, has announced that it has signed an agreement to acquire 90% of Ace Beverage Group (ABG), a manufacturer of ready-to-drink alcoholic beverages, for C$148.5 million ($111.8 million). The acquisition will add the Cottage Springs, Ace Hill, Cabana Coast, Liberty Village Beverage and Good Vines brands to Corby’s portfolio. Commenting on the detail, Nicolas …
Australia: Mars to expand pet food factory
Mars, the leading food multinational, has announced an investment of $112.6 million ($76.3 million) in its pet food facility in Wodonga, in Australia’s Victoria state. According to a report in Inside FMCG, the upgraded 7,800 sq m facility will mostly be dedicated to producing single-serve pouches for the company’s Whiskas, Advance, Optimum and Dine brands, adding a a combined annual capacity of 25 kilotonnes. Commenting on the …
India: CCL Products acquires coffee brands from Lofbergs
Indian instant coffee maker CCL Products has acquired the Percol, Rocket Fuel, Plantation Wharf, The London Blend, Perk Up and Percol Fusion brands from Food Brands Group, a subsidiary of Swedish coffee firm Lofbergs, for £0.55 million ($0.69. million), according to a report in the Free Press Journal. The deal will give CCL Products access to major supermarkets in the UK, with the Percol brand …
UK: PepsiCo to invest £58 million in Walkers factory
PepsiCo, the global snacks and drinks giant, has announced an investment of £58 million ($67.3 million) to scale its long-standing facility in the UK city of Leicester. In a statement, the company said the investment would be used to increase production capacity, replace gas-fired ovens with ones runing on renewable electricity, installing compact packaging equipment to decrease plastic usage in snack multipacks, and invest …
India: DS Group announces acquisition of confectionery firm The Good Stuff
Dharampal Satyapal Group (DS Group), an Indian conglomerate, has announced the acquisition of The Good Stuff, owner of confectionery brand LuvIt, for an undisclosed amount. The LuvIt brands includes milk chocolate, chocolate-coated wafers, fruit and chocolate-flavoured lollipops, eclairs, sugar-panned chocolates and chocolate snacks. Commenting on the deal, DS Group vice chairman Rajiv Kumar said: “DS Group has been focusing on increasing its presence in …
UK: Chocolate brand Montezuma’s sold to Paramount Retail Group
Paramount Retail Group (PRG), a UK owner of pet care and food brands, is acquiring all the assets of upscale chocolate maker Montezuma’s, according to a FoodBev report. Commenting on the deal, Ravi Sharma, executive director at PRG, said: “The purchase of Montezuma’s will strengthen our confectionery division offering instant synergies with our existing brands and manufacturing facilities ‘Bristow’s of Devon’, giving a strong …
USA: Canned wine brand Bev acquired by E & J Gallo Winery
E & J Gallo Winery, a US producer of wine, spirits and flavoured alcoholic beverages, has announced the acquisition of Bev, a California-based drinks brand that produces canned wines. In a statement, E & J Gallo Winery said Bev was founded “to inspire kinder, more inclusive fun in drinking culture at large” and to “creat[e] a voice for women” in the alcoholic drinks industry. …
USA: Heartland launches Splenda zero-calorie drink mix
Heartland, a specialist in low-calorie sweeteners, coffee creamers and water enhancers, has announced the launch of a new zero-calorie drink mix under the brand Splenda Peel & Pour. The liquid drink mix is designed to be mixed with two quarts (around 1.9 l) of water per pod and is available in pink lemonade, sweet tea, fruit punch, and peach mango options. Commenting on the …
USA: Flagstone Foods acquires Emerald Nuts from Campbell Soup
Flagstone Foods, one of the largest manufacturers and distributors of private label snacks and trail mixes in the US, has announced the acquisition of nut specialist Emerald Nuts from Campbell Soup. Emerald Nuts operates plants in North Carolina, Texas and Alabama, processing a varied assortment of nuts, including almonds, pecans, walnuts, cashews, peanuts, and mixed nuts in a range of flavours. It is said …
India: Reliance Consumer Products announces partnership with General Mills for western snacks
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced a partnership with General Mills, the US manufacturer of branded processed consumer foods, to sell western snacks in the Indian market. Initially, Reliance Consumer Products intends to introduce Alan’s Bugles brand of corn chips as a precursor to further product development in the savoury snacks space. “We intend to …
Germany: Muller announces Cologne dairy closure plans
German dairy firm Muller has announced plans to close its dairy plant in Cologne, Germany with the reported loss of up to 220 jobs. The company blamed a decision by regulators to require it to divest the Tuffi brand as part of its wider acquisition of FrieslandCampina’s portfolio in Germany. “Conditions imposed by the Bundeskartellamt prevent continued economic operation [of the factory]”, Muller said in a …
India: Reliance acquires chocolate maker Lotus
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced the acquisition of a 51% stake in Lotus Chocolate for 74 crore INR ($8.95 million). Lotus Chocolate is a global manufacturer of chocolates and cocoa products, with a fully integrated manufacturing facility that supplies both businesses and consumers. Its brands in the consumer space include Chuckles, Superr Carr, On …
Netherlands: Greenyard acquires dairy-free ice cream startup Gigi Gelato
Greenyard, the leading Belgian fruit and vegetable processor, has announced it has acquired Gigi Gelato, a start-up firm based in the Netherlands that produces dairy-free Italian-style ice cream. Gigi Gelato, which is in sold in European markets, is a pure-plant product that provides an answer to today’s consumer search for healthier alternatives in indulgence products like ice-cream, Greenyard said in a statement. The product …
Canada: Nestle launches oat-based Haagen-Dazs dessert
Global FMCG giant Nestle has announced an expansion to its plant-based range with the launch of new frozen dessert under the Haagen-Dazs brand in Canada that uses oats as a dairy alternative. Launching across most grocery stores, the new line comes in the varieties Chocolate Peanut Butter (rich chocolate ice cream with creamy peanut butter swirls), Vanilla Raspberry Truffle (vanilla ice cream with raspberry ribbons …
Germany: Warsteiner to invest in Herford brewery
Warsteiner, the leading German brewing company, has announced a €20 million ($21.6 million) investment in its factory in Herford, Rhineland-Palatinate, according to a report in LebensmittelPraxis. The money will predominantly go towards a new bottling line, but funds have also been earmarked for logistics and marketing. The production line, which is expected to be operational in the summer of 2024, will allow the Herford site …
USA: Kellogg and Six Star collaborate on whey protein powder
Food giant Kellogg and sports nutrition firm Iovate Health Sciences have collaborated on the launch of new whey protein powders whose flavours are inspired by classic Kellogg’s breakfast cereals. The new Six Star 100% Whey Protein Plus will be available in Frosted Flakes and Froot Loops flavours and contains 30g of protein, 6.7g of branched-chain amino acids (BCAAs) and 2g of sugar per serving. …
USA: MGP Ingredients to acquire Penelope Bourbon
MGP Ingredients, a leading provider of distilled spirits, branded spirits, and food ingredient solutions, has announced that its subsidiary Luxco has reached an agreement to purchase Penelope Bourbon and its assets. In a press release, MGP Ingredients said the deal includes a portfolio of high-quality whiskeys in the premium plus price tiers, as well as intellectual property and inventory. David Colo, president and CEO …
Look Ahead: Peggy Davies, PLMA – World of Private Label 2023
May 19, 2023
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Gama spoke to Peggy Davies, PLMA President, ahead of the latest edition of PLMA – World of Private Label. What are your expectations for this edition of PLMA? We have seen tremendous interest from the industry; thus, expectations are high. We expect two dynamic days of business meetings, sharing ideas and sourcing for new products. Are consumers switching to private label brands …
France: Auchan expands retail footprint to Algeria
French retailer Auchan has announced the opening of it first store in Algeria, with doors expected to open in Q4 of this year. In a press release, Auchan said the expansion to Algeria, which is the third country that the group has entered in Africa after Senegal and Cote d’Ivoire, has been made possible through a global partnership with the Great Way Group, a …
USA: Coca-Cola to build Fairlife facility in New York state
Multinational beverage firm Coca-Cola has announced plans to build a new facility in upstate New York to produce Fairlife branded products. In a statement, the company said the decision to build the facility was part of its plans to expand in the Northeast market and represents an investment of $650 million in the region. Located in Webster, the plant is expected to source milk …
India: ITC launches Fruits ‘N Bits fruit beverage line
ITC, the leading Indian conglomerate, has announced the debut of Fruits ‘N Bits, a line of fruit beverages that are claimed to have real fruit chunks and seeds. Launched under the B Natural brand, the new line is claimed to be free from concentrates and added preservatives, and comes in the varieties Mixed Fruit, Litchi (with Apple) and Guava. Commenting on the launch, Sanjay …
Brazil: Heineken to invest R$1.5 billion to expand premium beer lines
Multinational Dutch brewer Heineken has announced that the company is to invest R$1.5 billion ($243 million) to expand its premium beer operations in Brazil’s Northeast region. According to an article in Exame, the group is planning to allocate the investment to its Igarassu (Pernambuco) and Alagoinhas (Bahia) plants. The investment will enable the Igarassu plant to triple production capacity for the Amstel and Devassa …
Germany: Sofidel acquires household paper firm Hakle
Italian firm Sofidel, one of the world’s leading manufacturers of household paper products, has announced the acquisition of German peer Hakle for an undisclosed sum. In a press release, Sofidel said it was acquiring the toilet tissue brand Hakle, the moist tissue brand Hakle Feucht, and the kitchen towel brands Dick & Durstig and Servus, as well as their respective intellectual property rights and …
Netherlands: Spar enters Latin America
Dutch convenience retailer Spar has announced its first foray into the Latin American market with the opening of an outlet located in Paraguaian city of Luque. In a statement, Spar said the new store, which opened on 5th May, is operated by Amiria Group, which has been granted a license to operate the brand in the market. Amiria Group already operates a local retail business …
Australia: Kirin acquires supplement firm Blackmores
Japanese brewer Kirin has announced the acquisition of Blackmores, an Australian vitamin and supplement producer, in a deal worth $1.2 billion. According to a Reuters report, the deal will enable Kirin to further diversify its portfolio. While alcoholic beverages comprise around half of Kirin’s sales, the company also has a health sciences division which the Blackmores acquisition is intended to complement. The Blackmores product …
Brazil: Mondelez invests R$1 billion
FMCG giant Mondelez has announced that the company is planning to invest R$1 billion ($200 million) in Brazil, a 70% increase on the amount invested last year. According to an article in Mercado & Consumo, the investment will be used to develop new products, implement sustainability initiatives, and increase production capacity in the country. In particular, Mondelez plans to expand the company’s facilities in …
Brazil: Ype opens new manufacturing and distribution centre
Brazilian household care firm Ype has announced the opening of a new manufacturing plant and distribution centre located in Itapissuma, Pernambuco state, according to a report in Superhiper. The new plant will be located on a 400,000 sq m site and include a manufacturing area, administrative buildings and a distribution centre. Waldir Beira Junior, executive president of Ype, said: “This inauguration is part of …
USA: Mondelez opens global snack, confectionery R&D innovation centre
FMCG giant Mondelez has announced the opening of its new global research & development (R&D) innovation centre in the US state of New Jersey. The $50 million state-of-the-art facility includes a pilot and scale-up facility for biscuits, crackers and confectionery, focusing on brands including Ritz, Oreo and Sour Patch Kids. “This strategic investment in our new Global Innovation Center will enable us to pilot …
Tradeshow Insight: Food & Drink Expo 2023
This April, thousands of delegates descended on the National Exhibition Centre (NEC) in Birmingham, as stakeholders from across the hospitality, manufacturing, grocery and speciality & convenience retail sectors once again gathered together for the 2023 edition of the Food & Drink Expo. Altogether, over 1,500 suppliers took to the show floor to showcase their latest product offerings. As ever, the flagship exhibition was co-located …
USA: JM Smucker to complete sale of pet food brands to Post Holdings
US-based food and beverage company JM Smucker has announced the closing of a transaction to sell several pet food brands to Post Holdings for approximately $1.2 billion. The acquisition, which was announced in February, includes brands such Rachael Ray Nutrish, 9Lives, Kibbles ‘n Bits, Nature’s Recipe and Gravy Train, a private label pet food business, and several manufacturing and distributing facilities. “With the close of …
USA: Coborn’s to acquire Sullivan’s Foods stores
US retailer Coborn’s has announced it has signed an agreement to acquire Sullivan’s Foods grocery stores and other retail units in Illinois, expanding its operations to a new state. According a report in Progressive Grocer, the deal includes 11 grocery stores, one convenience store and fuel centre, three hardware stores, one central office and a warehouse. The purchased stores will continue to operate under …
Denmark: Scandinavian Tobacco Group acquires XQS
Scandinavian Tobacco Group, the leading tobacco firm, has announced the acquisition of XQS International, a maker of tobacco alternative products. The transaction value consists of an upfront payment as well as an earn-out agreement. Assuming all targets are met, the total purchase price will be about 150 million DKK ($22 million) and it will be fully financed by cash at hand and debt. In 2022, …
Tradeshow Insight: Natural & Organic Products Europe 2023
London’s ExCel exhibition centre played host to yet another showcase of global innovation in mid April, as Natural & Organic Products Europe (NOPE) returned for its latest outing in the heart of the UK capital. Boasting a range of “the best, most environmentally friendly, health-conscious” products covering all sectors of the fast moving consumer goods (FMCG) industry, NOPE attracted more than 7,300 visitors all …
USA: Hershey to acquire two facilities from Weaver Popcorn
US confectionery firm Hershey has announced the acquisition of two manufacturing facilities from Weaver Popcorn Manufacturing, a leader in popcorn production. In a press release, Hershey said the deal includes Weaver Popcorn’s plants in Bethlehem (PA) and Whitestown (IN). Hershey and Weaver Popcorn are already co-manufacturers of the Hershey’s SkinnyPop brand and the acquisition will help to strengthen the brand, enabling it to grow …
Germany: Tegut to take over organic supermarket chain Basic
German retailer Tegut has announced the acquisition of organic supermarket chain Basic after the latter reportedly ran into financial difficulties. Headquarted in Munich, Basic has a network of 19 outlets and headcount of 500. Commenting on the deal, Basic CEO Christoph Eich said: “We are very pleased to now be a part of the Tegut family. For our colleagues, this is the end of …
Australia: Uber Eats expands grocery delivery footprint with Coles tie-up
Uber Eats, the food courier company, is partnering with retailer Coles to establish a grocery delivery service across Australia, according to a report in the Sydney Morning Herald. The new service, which has already launched with 40 stores in Melbourne, is set to cover 500 outlets nationwide, and will reportedly offer groceries delivered on the Uber Eats delivered within the hour. According to reports, couriers …
Brazil: McCain to acquire remaining stake in Forno de Minas
Potato and frozen food producer McCain has announced the acquisition of a further 51% stake in Brazilian pao de queijo (‘cheese bread’) manufacturer Forno de Minas, taking its shareholding in the company to 100%. McCain first took a minority stake in Forno de Minas in 2018. “The partnership presents a fantastic opportunity for both companies to strengthen and grow their presence in this market …
Argentina: Savencia Fromage & Dairy acquires Sucesores de Alfredo Williner
French dairy firm Savencia Fromage & Dairy has announced the acquisition of Sucesores de Alfredo Williner, one of the major players in the dairy market in Argentina. In a press release, Savencia Fromage & Dairy said the investment would enrich the company’s portfolio in the country, in particular through the traditional Ilolay brand, as well as giving it access to an established distribution network. …
USA: Edrington becomes major shareholder of Wyoming Whiskey
Edrington, a UK-based spirit producer has announced the acquisition of an additional stake in US firm Wyoming Whiskey, increasing its shareholding from 35% to 80%. In a press release, Edrington said the Wyoming Whiskey brand has been part of its Partnership Brands unit, which has helped the firm to grow in volume and value in the US market. Jane Graham, director of Partnership Brands, …
Look Ahead: Giorgio Rigali, Food & Drink Expo 2023
Gama spoke to Giorgio Rigali, Head of Communications, ahead of the latest edition of Food & Drink Expo. What are your expectations for this year’s Food & Drink Expo? This year’s Food & Drink Expo is shaping up to be one of the biggest yet. The UK food and drink industry is fast-paced and constantly evolving, with businesses recognising the role of large …
Germany: Zur Muhlen Gruppe to acquire Eberswalder
Zur Muhlen Gruppe, a leading European business in the meat industry, is set to acquire Eberswalder, a manufacturer of sausage products based in the German capital Berlin, according to a report in Lebensmittel Praxis. “Our customers have appreciated our traditional recipes for three generations and they can continue to count on this in the future”, Sebastian Kühn, managing director of EWG Eberswalder Wurst is quoted as …
Russia: Kraft Heinz to sell baby food business
FMCG giant Kraft Heinz has reached an agreement to sell its baby food business in Russia to Chernogolovka, a domestic food and drinks manufacturer, according to a Reuters report. The deal includes the brands Umnitsa and Sami S Usami and was reportedly already in progress prior to the conflict in Ukraine. “The decision to sell is a commercial decision in the best interests of …
Spain: Blady Gros acquires canned fish firm Grupo Cerdeimar
Blady Gros, the holding company behind fish processor Blady Tuna Market, has reached a deal to acquire a majority stake in Grupo Cerdeimar, a traditional fish cannery based in Spain’s Galicia region. The deal reportedly comes after Grupo Cerdeimar, which traces its history back to 1884, found itself in financial difficulties earlier in the year. According to articles in El Economista and Revista InfoRetail, Blady Tuna …
Germany: Dr. Oetker agrees deal for pizza snack maker Galileo
Dr. Oetker, the leading food manufacturer, has announced its intention to acquire Galileo, a maker of frozen pizza snacks based in the German town of Trierweiler. The company, which is already prominent in the pizza category with its Ristorante brand, said it would acquire Galileo’s production facility in Trierweiler and take over all its existing 200 employees. Galileo produces pizzas, donuts, bagels, flat breads, and …
Spain: Kerry opens innovation centre in Barcelona
Global food manufacturer Kerry Group has announced the opening of its Southern Europe Innovation Centre in Barcelona, Spain to create new food and beverage solutions for the Spanish, Portuguese, Italian and French markets. In a press release, the company said the new facility would combine an existing office with a customer suite and applications labs, and would work with Kerry’s existing technology centres in …
USA: New Belgium Brewing to acquire brewery from Constellation Brands
US craft brewer New Belgium Brewing has announced that the company has reached an agreement to purchase a manufacturing brewery in Daleville (VA) that is currently owned by Constellation Brands. In a press release, New Belgium Brewing claimed additional product capacity was needed to meet growing demand for its craft beer, which includes America’s number one IPA brand Voodoo Ranger. The agreement guarantees the employment …
Brazil: Mars to discontinue rice brands
FMCG giant Mars has announced plans to discontinue its rice brands Uncle Ben’s and Raris in Brazil, with products being gradually withdrawn from sale over the course of the year, according to an article in Giro News. The two brands offer a range of rice products in pouches, including both white and wholegrain options. The decision will not affect the company’s employees as the …
France: Carrefour planning up to 18 stores under Potager City banner
Carrefour, the leading French supermarket chain, is planning to open up to 18 local stores under the Potager City banner by the end of the autumn, according to a report in LSA. An addition to the firm’s Carrefour Proximite portfolio of convenience stores, Potager City aims to cater to the essential food needs of city-dwellers with a range of high-quality fresh produce, and is in …
Tradeshow Insight: IFE, International Food & Drink Event 2023
Staged alongside IFE Manufacturing and Hotel, Restaurant & Catering (HRC), the 2023 edition of IFE, International Food & Drink Event welcomed more than 27,000 buyers and other delegates from the worlds of retail, wholesale and hospitality, all keen to get the latest insights into the UK food and drink sector. Adjacent to the product booths, the Sustainability Stage saw sessions on building resiliency into …
USA: Dole unveils dried fruit snack range
Dole, the leading fruit processor, has announced the launch of Good Crunch, a dried fruit snack that promises “an ultra-craveable crunch”. Available as Pineapple Bites, Banana Bites and Pineapple Bites with Chili, the new line is claimed to use a gentle dehydration process to lock in fresh fruit flavour and preserve nutrients. It is further claimed to be all-natural and free from genetic modification, artificial …
UK: Sainsbury’s launches laundry detergent in cartons
Sainsbury’s, the UK grocery retailer, has announced what it claims is a UK first, with the launch of a new line of laundry detergents in cartons, replacing its existing 750ml plastic bottles. The supermarket chain said the switch from plastic to cardboard would halve carbon emissions associated with the range, as well as taking 13 lorries off the road and saving around 22 tonnes of …
Look Ahead: Sabine Schommer, ISM 2023
Gama spoke to Sabine Schommer, Director of ISM, ahead of the latest edition of the confectionery and snacks tradeshow. What are your expectations for this edition of ISM? ISM offers the industry the opportunity to look beyond current challenges and focus instead on finding solutions, discussing ideas and getting inspiration – all that from 90,000 square metres of exhibition space! It’s here that market-leaders and …
USA: Pernod Ricard to acquire majority stake in Skrewball whiskey
Wine and spirits multinational Pernod Ricard has announced that the company has signed an agreement to acquire a majority stake in Skrewball, a producer of flavoured whiskey Skrewball was founded in 2018 and produces a peanut butter whiskey that is now available in the US, Canada and the Caribbean. “Skrewball has proven its uniqueness and success with a large audience, so we are delighted …
USA: Tillamook to open new ice cream facility in Illinois
Farmer-owned dairy co-operative Tillamook has announced plans to open a new ice cream manufacturing facility in Decatur (IL), in 2024. Tillamook currently operates two facilities in Oregon, mainly dedicated to the production of cheese. The new facility will be the first to focus exclusively on ice cream manufacture. Mike Bever, executive vice president of operations at Tillamook, said: “Consumer demand for Tillamook Ice Cream …
France: Picard to open 20 ‘new concept’ stores in 2023
French frozen food retailer Picard has announced plans to open 20 new franchise stores in 2023, incorporating the “Bienvenue en cuisine” (“Welcome to the kitchen”) concept unveiled by the retailer at the end of 2022. Picard’s “Bienvenue en cuisine” format is described as featuring a new reception and “entertainment island”, focusing not only on frozen products, but also other bulk products and kitchen accessories, …
Canada: McCain to invest C$600 million in Alberta facility
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, …
Ireland: BWG Foods to expand Spar, Eurospar chains
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 …
USA: Nestle to launch dairy alternative made from broad beans
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 …
USA: Amazon to reportedly shutter eight Amazon Go stores
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 …
Spain: Pascual starts dairy production in Africa
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 …
Look Ahead: Philippa Christer, IFE 2023
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 …
USA: Altria Group to buy e-cigarette firm NJOY
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 …
USA: Sweet Harvest Foods acquires Sweet River Honey
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 …
UK: Pembrokeshire Creamery invests in new plant
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 …
USA: Danone to expand Jacksonville facility to meet RTD coffee, creamer demand
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 …
Germany: Muller to sell Tuffi brand, license Landliebe to allay anti-trust concerns
Muller, the leading Germany dairy firm, is to divest the Tuffi brand of milk and cheese products to a third party dairy company. The sale was a condition of Muller’s purchase of part of FrieslandCampina’s portfolio in Germany, which has just been greenlighted by competition regulators. Similar anti-trust concerns lay behind the regulator’s decision to require Muller to grant exclusive, irrevocable brand licences for use of the Landliebe …
Finland: Fazer to discontinue dairy business at Koria factory
Fazer, the leading Finnish food group, has announced it will be ceasing dairy production at the Koria factory in southern Finland by the end of August 2023, with 82 jobs expected to be affected. Fazer noted it was only a small player in the highly-competitive Finnish dairy industry, mainly producing private label products, and that the changes were part of its strategy to focus …
Saudi Arabia: Almarai acquires International Dairy and Juice stake from PepsiCo
Saudi Arabia based dairy firm Almarai has recently announced the purchase of a 48% stake in International Dairy and Juice from FMCG giant PepsiCo to become the 100% owner of the business According to a report in The National, International Dairy and Juice was formed as a joint venture in 2009 via a partnership between Almarai and PepsiCo to produce and distribute food and …
Lentils muscle into breakfast foods
The latest innovation insight from Gama Compass MANCHESTER – 27th February 2023: This month, Gama turns its gaze towards continued advances in on-the-go breakfast foods, examining a launch pushing in-vogue pulses and legumes as a contender to rival oats in the hot cereals category – Lentiful Instant Lentils. New to consumers in the US, Lentiful is a four-strong range of single-serve pots that position lentils …
USA: Tyson Foods to acquire Williams Sausage Company
US multinational food firm Tyson Foods has announced that the company has signed an agreement to purchase Williams Sausage Company, a producer of fresh and cooked sausages, bacon and sandwiches. Based in Union City, Tennessee, Williams Sausage Company currently has 500 employees and supplies to both retail and foodservice custpmers. Stewart Glendinning, group president, prepared foods for Tyson Foods, said: “The addition of Williams …
India: Hindustan Unilever to sell Annapurna and Capitan Cook brands
Hindustan Unilever Ltd (HUL), Unilever’s Indian subsidiary, has announced it has sold its atta and salt business under the Annapurna and Capital Cook brands to Uma Global Foods and Uma Consumer Products, both subsidiaries of Reactivate Brands International. The sale is part of HUL’s strategy to divest non-core categories and focus on the growth of its packaged foods business of dressings, scratch cooking and …
Portugal: Dia studying exit with Minipreco sale – reports
Spanish retailer Dia is exploring the possibility of selling its business in Portugal, where it operates under the Minipreco banner, according to reports in Jornal de Negocios and Inforetail. The company currently has 499 Minipreco supermarkets in the country, 297 of which are said to be operated under franchising arrangements. Dia also owns three distribution centres in Portugal. The retailer has hired Societe Generale …
Mexico: Casa Maestri to acquire Bellagave Infused Tequila
Mexican tequila distillery Casa Maestri is to acquire Bellagave Infused Tequila, a 100% blue agave tequila brand, for an undisclosed sum, according to a FoodBev report. The acquisition, which will expand Casa Maestri’s portfolio of premium tequila brands, comes a month after the firm acquired Santera Tequila, a blue weber agave tequila line. “It’s a perfect time to innovate”, commented Jose Coira, VP of …
Germany: CCEP to invest in production line for reusable bottles
Coca-Cola Europacific Partners (CCEP) has announced an investment of over €40 million ($43 million) in a new production line at its factory in Luneburg, Germany for reusable glass bottles. The new filling line, which is expected to be operating by summer 2024, is designed for the Coca-Cola, Fanta and Sprite brands. 30 new jobs are expected to be created as a result of the …
Australia: V2food to close Wodonga plant
Plant-based firm V2food has announced that it plans to close its manufacturing facility in Wodonga Australia, with production transitioning to other facilities over the course of the year. According to an article in Grain Central, the company originally established the plant in 2020 to manufacture the soya isolates on which V2food’s products are based, but had been hampered by Australia’s limited processing infrastructure for …
USA: Morinaga Nutritional Foods to buy Tofurky and Moocho
Morinaga Nutritional Foods, a US-based manufacturer of soya and dairy products, has announced the acquisition of the Tofurky and Moocho plant-based brands in the US. In a statement, Morinaga Nutritional Foods said it would use the acquisition to strengthen its presence in the plant-based sector and boost new product development. Founded in 1980, Tofurky is a leading manufacturer of plant-based meats, while sister company …
Brazil: Diageo opens new distribution centre
Alcoholic drinks firm Diageo has announced the opening of a new distribution centre in the city of Extrema in Brazil’s Minais Gerais state. The centre, which opened its doors on 2nd February, is intended to consolidate operations from three other facilities and will be responsible for supplying 60% of national demand, according to sources. The new distribution centre is the company’s second largest in …
UK: Serious Sweets Company acquires Mallow & Marsh
UK confectionery firm Serious Sweets Company has announced the acquisition of Mallow & Marsh, a producer of handmade marshmallow products. Serious Sweets Company is a supplier of confectionery to major retailers and foodservice and manufactures private label products such as fudge, toffee, marshmallows, brittles and butterscotch. The acquisition will add a premium marshmallow business to its portfolio. Rob Whitehead, Serious Sweets Company founder, said: …
Look Ahead: Danila Brunner, Biofach 2023
Gama spoke to Danila Brunner, Director of Biofach / Vivaness, ahead of the latest edition of the organic consumer goods tradeshow. What are your expectations for this edition of Biofach? After the one-off BIOFACH and VIVANESS Summer Edition 2022, we are looking forward to seeing the organic sector again from 14th to 17th February 2023. We expect over 2,700 exhibitors for the combined BIOFACH …
‘Plant-based’ the new ‘vegetarian’ as meat-free claims evolve
Insight by Gama Compass MANCHESTER – 13th February 2023: Plant-based claims have overtaken vegetarian claims in new food and drink launches for the first time, the latest insight from Gama Compass can reveal, underlining shifting consumer demands as the meat- and dairy-free space continues to evolve and mature. The shift could prompt new thinking from brands and retailers keen to optimise their product positioning, especially …
Look Ahead: Marina Calheiros, Lisbon Food Affair 2023
Gama spoke to Marina Calheiros, Coordinating Manager, ahead of the inaugural edition of Lisbon Food Affair. What is the rationale and the vision for Lisbon Food Affair? Lisbon Food Affair has a distinguishing positioning, featuring a strong commitment to innovation, sustainability, and internationalization adapted to the recent needs and demands of consumers/markets and, consequently, to the challenges of companies and the global market, with …
Mexico: Unilever to build personal care manufacturing plant
FMCG multinational Unilever has announced plans to build a new manufacturing facility in the state of Nuevo Leon, in North Mexico. According to an article in Reuters, the new plant is part of a $400 million program of investments that Unilever intends to make in Mexico over the next three years. Located on the outskirts of Monterrey, in Salinas Victoria, the facility will reportedly …
UK: Europe Snacks acquires Burts Snacks
Burts Snacks, the firm behind the Burts brand of upscale crisps, has been acquired by Europe Snacks, the self-proclaimed leading pan-European private-label player in savoury snacks, according to a report in Insider Media. Founded in 1995, Burts Snack is predominantly known for traditional potato crisps but has also recently expanded into ridged crips and lentil chips. Commenting on the move, Jitu Patel said “Burts …
France: Danone inaugurates R&D centre for “products of the future”
Danone, the French consumer goods giant, has inaugurated its new Daniel Carasso Research & Innovation Center in Paris with the aim of creating “the products of the future” The new centre, located on the Paris-Saclay campus, will be dedicated to development and innovation in the categories of “fresh dairy and plant-based products” and “natural mineral water” . In a statement, Danone said the facility would …
USA: CVS Pharmacy launches own brand line of “self-care staples”
CVS Pharmacy, the US personal care and drugstore chain, has announced the launch of over 200 own brand “self care staples” under the One+other brand. The company’s goal was to “democratize access to personal care products so that everyone can practice self-care in their own unique way at an accessible price point”, the company said in a statement. The new brand, pronounced “one another” …
South Korea: Philip Morris International to extend collaboration with KT&G
Philip Morris International (PMI), the leading tobacco firm, has announced it will be continuing its partnership with South Korean tobacco and nicotine manufacturer KT&G as the two companies look to “extend and deepen” their collaboration. The agreement, which covers 15 years, will allow PMI to continue commercialising innovative smoke-free devices and consumables on an exclusive worldwide basis (except South Korea), the company said. PMI …
Ireland: Dole to sell fresh vegetables division to Chiquita
Dole, a global leader in fresh produce, has announced it has entered into an agreement to sell its fresh vegetables division to Fresh Express, a subsidiary of fruit supplier Chiquita, for approximately $293 million in cash. The fresh vegetables divisions comprises operations related to the processing and sale of whole produce, as well as salads and meal kits. It has agricultural operations and four processing facilities …
USA: Milo’s expands production to South Carolina
Milo’s, an Alabama-based firm that manufactures, distributes, markets and sells ice teas and lemonades throughout the USA, has announced plans to build its fourth manufacturing plant in Spartanburg County, SC. The company said the expansion was a direct response to the growth of the Milo’s brand, which it claimed was the number one refrigerated tea and fastest growing lemonade in the U.S. The 110,000 sq ft facility will initially employ …
USA: Danone exploring potential sale of organic dairy brands
Danone, the French consumer goods giant, has announced it is exploring strategic options, including a potential sale, for its organic dairy activity in the US, comprising the Horizon Organic and Wallaby businesses. “This announcement is an additional step in the portfolio review and asset rotation program the company announced in March 2022, as part of the Renew Danone strategy”, Danone said in a statement. While touting …
Mexico: Grupo Bimbo acquires Romanian bakery firm Vel Pitar
Grupo Bimbo has reached an agreement to acquire Romania’s largest bakery firm Vel Pitar, thus adding a new market to its portfolio, according to a report in Profit.ro. The manufacturer was purchased from Broadhurst Investments, an investment fund controlled by NCH Capital, in a deal reportedly worth around €200 million. In 2021 (the last year for which financials are available), Vel Pitar reportedly had …
‘Ice cube’ soup hones in on convenience, waste-free benefits
The latest innovation insight from Gama Compass MANCHESTER – 31st January 2023: This month’s Innovation Insight spotlights a new launch aiming to ally the distinct virtues of chilled and dried soup through a novel ‘ice cube’ format – Soupologie Souper Cubes. An extension to Soupologie’s health-focused line of ready-made, vegetable-forward soups in the UK, Soupologie Souper Cubes are a novel retail format that seeks to combine …
Germany: Korch and Hermann Wein announce merger
German meat producers Radeberger Fleisch- und Wurstwaren Korch (Korch) and Hermann Wein have announced the two businesses are to combine, according to a report in Lebensmittel Praxis. Korch’s Original Radeberger Premium Lachsschinken ham is said to be particularly popular in the former east, while Hermann Wein is described as the market leader in Germany for black forest ham. Rieker Investment, which acquired a stake in Korch in …
France: Discount retailer Toujust to make debut
Toujust, a new French grocery retailer, is planning to make its debut in the first quarter of this year, promising prices that are up to 10% lower than its direct competitors. The chain, whose name is a play on the expression “tout juste” (“just right”), will be 25% owned by its suppliers, with whom the company intends to work directly to eliminate the costs …
UK: Sainsbury’s partners with Just Eat for deliveries
UK based supermarket retailer Sainsbury’s has signed a partnership agreement with takeaway food app Just Eat for rapid grocery deliveries. According to an article in Retail Gazette, the partnership will allow Sainsbury’s customers to benefit from 30-minute deliveries. In a first phase, the service will be available in London, Edinburgh and Bristol, launching in 175 stores by the end of February 2023, although Sainsbury’s …
Germany: AsCom Confection acquires Bodeta
German chewing gum manufacturer AsCom Confection has taken over confectionery producer Bodeta after the latter had filed for insolvency, according to a report in Lebensmittel Praxis. Bodeta was reportedly struggling financially due to rising energy and raw material costs, leading the firm to trigger a process of self administration in order to restructure its business. According to sources, Bodeta’s 120 employees will remain in …
Italy: Latteria Soresina to acquire Fratelli Oioli
Latteria Soresina, the leading Italian dairy cooperative, has announced the acquisition of Fratelli Oioli, a dairy company specialising in the production of gorgonzola cheese with protected designation of origin (PDO). In a press release, Latteria Soresina said the acquisition would make it the first company able to offer PDO gorgonzola from ‘farm to table’. “The Fratelli Oioli company has always upheld the importance of …
Manchester to host global gathering of food & drink innovators
MANCHESTER – 23rd January 2023: Fast-moving consumer goods (FMCG) suppliers, retailers, and other industry stakeholders are today being invited to connect with like-minded professionals from across the globe in Manchester, on Thursday 19th October 2023, for the eighth edition of the annual Gama Innovation Conference & Awards (GICA). GICA’s trademark informal setting and invitation-only guest list will once again enable leading executives from small and large companies alike …
Canada: Bimbo to invest in tortilla production line
Bakery firm Bimbo has announced it plans to invest C$15 million ($11.2 million) in a new tortilla production line in Hamilton, in Canada’s Ontario province. According to an article in Canadian Grocer, the company made the decision to invest in the new line in order to meet growing market demand in Western Canada. Bimbo’s investment is supported by the Ontario government which is providing …
Brazil: General Mills to shutter Parana plant
US food giant General Mills has announced that the company will close its manufacturing facility in Cambara, in Brazil’s Parana state. According to sources, the facility processes cassava, potato and peanut products, and the company plans to transfer production to another plant in Pouso Alegre, Minas Gerais. The closure will reportedly lead to the loss of 880 direct and indirect jobs, although General Mills …
USA: P&G acquires haircare brand Mielle Organics
Procter & Gamble (P&G), the global personal and homecare firm, has announced the acquisition of Mielle Organics, a US haircare brand that particularly serves women in the Black community. Founded in 2014, Mielle Organics has become a leading brand for consumers with textured hair through innovative, technology-driven products, natural ingredients, and inspirational and educational content, P&G said in a statement. The company’s products can …
India: ITC acquires health-forward snack brand Yoga Bar
ITC, the leading Indian conglomerate, has announced the acquisition of Sproutlife Foods, the company behind the Yoga Bar brand of cereal and snack foods, over the next three to four years. In a press release, ITC said the deal would enable it to further diversify its portfolio and enhance its presence in the ‘good for you’ space , aligning with the company’s “ITC Next” …
Philippines: Diageo to acquire Don Papa Rum
Diageo, the leading alcoholic drinks company, has reached an agreement to acquire Don Papa Rum, a super-premium, dark rum from the Philippines. In a press release, Diageo said the acquisition involved an upfront consideration of €260 million ($282 million) with a further potential consideration of up to €177.5 million ($192.5 million) through to 2028 subject to performance. Founded in 2012, and available in over …
Australia: Endeavour Group to acquire Cape Mentelle Winery
Endeavour Group, which claims to be Australia’s leading retail drinks and hospitality business, has announced it has reached an agreement with global alcoholic drinks firm Moet Hennessy to acquire winemaker Cape Mentelle Winery. Located in Western Australia’s Margaret River, Cape Mentelle Winery was established in 1970 as one of the founding five wineries of The Margaret River, and is described as being the pioneer …
Ireland: Kerry to sell Sweet Ingredients Portfolio to IRCA for €500 million
Global food manufacturer Kerry Group has entered into exclusive negotiations to sell its Sweet Ingredients Portfolio to INCA, an international leader in chocolate, creams and high-quality semi-finished food ingredients, for €500 million. The Sweet Ingredients Portfolio is a manufacturer of sweet and cereal products with a broad range of technological capacities serving the markets of bakery, cereal, confectionery, dairy and ice cream in Europe …
Russia: Magnit to create new discount supermarket – reports
Russian retailer Magnit is reportedly planning to open a new discount supermarket chain, according to an article on the Kommersant newspaper. Sources close to the retailer reported that the retailer plans to develop a new chain of discounters, a concept that started being planned in 2022, it is expected to be approved in Q1 2023 and afterwards the first stores will open. The discount …
China: Geek Bar to build a new production facility in China
E-cigarette brand, known for its disposable vape devices, Geek Bar has made an investment of $146 million in a new production facility as part of its plans of growth in the UK. The facility will be built in the Zhuhai National Hi-Tech Industrial Development District in China’s Guangdong province, and according to sources, the assembly will be 90% automated “to provide the highest levels …
Colombia: AB InBev to invest $413million in new Colombia brewery
Bavaria, local AB InBev brewer, has announced the investment of $413 million in the construction of a new brewery in the municipality of Palmar de Varela in Colombia. The brewery plans to begin operational by mid-2024 expecting to generate 350 direct jobs and 7,000 indirect job. The facility will produce beer brands such as Aguila, Poker and Club Colombia. “We firmly believe in Colombia …
USA: Sovos Brands to complete the sale of Birch Benders
US-based consumer-packaged food company Sovos Brands has announced that it has completed the divestiture of the pancake & waffle mix brand Birch Benders and related assets to Hometown Food Company. Sovos Brands offers a portfolio of pasta sauces, dry pasta, soups, frozen entrees, frozen pizza and yoghurts, sold under the brand names Rao’s, Michael Angelo’s and Noosa, while Hometown Food Company owns a portfolio …
USA: Silver Bay Seafoods to acquire Orca Bay Foods
Fishermen owned company Silver Bay Seafoods has announced the acquisition of food processing company Orca Bay Foods. Both companies formed a joint venture over the past few years where Silver Bay was the supplier of seafood and Orla Bay was processing, selling, and marketing the products. “Orca Bay is excited to join Silver Bay Seafoods as we continue our mission of delivering sustainable, delicious, …
India: Reliance Consumer Products to create joint venture with Sosyo
Reliance Consumer Products has announced the acquisition of 50% equity stake in carbonated soft drink company Sosyo Hajoori Beverages Private. Founded in 1923, Sosyo is a leading company in the soft drink market in India with brands such as Sosyo, Opener, Kashmira, Lemee, Hajoori Soda, Ginlim, Runner and S’eau with over 100 flavours launched in the market. “We are delighted to enter into this …
Denmark: Royal Unibrew to acquire Norrebro Bryghus microbrewery
Brewing and beverage company Royal Unibrew has expand its portfolio with the acquisition of the Danish microbrewery Norrebro Bryghus. “We have found a new owner who we believe can continue the Norrebro Bryghus brand and the business we have built up over two decades,” said Martin Thomsen, managing director and co-owner of Norrebro Bryghus. “We are proud of the chapter we have written.” “Royal …
USA: Benson Hill to sell Fresh business to IMG Enterprises
Food tech company Benson Hill has announced the sales of the assets related to its Fresh business in a two-part transaction to IMG Enterprises for a price of US $21 million. The divestiture will enable the company to focus on its ingredients business and meet the growing demand for its soybean product portfolio. “We believe there is tremendous opportunity to grow our proprietary ingredients …
Netherlands: Refresco to complete acquisition of alcoholic beverage Avandis
Global independent beverage solutions provider Refresco has acquired Avandis, a manufacturer of alcoholic beverages, from cocktails spirits companies Lucas Bols N.V. and De Kuyper Royal Distillers. With the acquisition, Refresco will expand the offering in the alcoholic category in Europe and according to company’s press release, the company is now a step closer to achieve its goal of “Our Drinks On Every Table”. The …
Gama News – October – December 2022
The October – December 2022 edition of Gama News is now available. In this edition: o Innovation Insight: Soupologie Souper Cubes o Gama Innovation Conference & Awards 2022 o Tradeshow Insight: Abu Dhabi International Food Exhibition 2022 CLICK HERE to read it now.
Russia: Kellogg to divest Russian operations to snacks maker Chernogolovka
Kellogg Co has announced the divestment of its Russian operation to local snacks and drink maker Chernogolovka, joining the list of Western companies that have sold their assets in the country. The movement comes after the cereal maker suspended earlier this year all imports of its products in Russia and pulled investments including advertising and promotions in the country, following Moscow’s invasion of Ukraine. …
Sweden: Orkla to acquire Swedish confectionery company Bubs Godis
Orkla Confectionery & Snacks has acquired confectionery company Bubs Godis. Founded in 1992, Bubs Godis is a manufacturer of vegan sugar confectionery with a strong growth on the Nordick market. According to Patrick Axzell, CEO at Orkla Confectionery & Snacks Sweden the acquisition is aligned with strategic investment of the company in confectionery and sustainable brands, and a good platform to continue growth in …
France: Pernod Ricard to acquire majority stake in Cockorico brand
Wine and spirits multinational Pernod Ricard has announced the acquisition of a majority stake in start-up Cockorico, a French brand specialising in ready-to-serve cocktails. Founded in Lyon in 2019 by three spirits and hospitality business experts, the brand makes a range of premium pre-mixed, ready-to-serve bottled cocktails. “We are delighted to begin this partnership with Cockorico, which has experienced exceptional growth since its creation,” …
USA: Mars to acquire fruit snack brand Tru Fru
Global leader in confectionery, snacking, food, and pet care products and services Mars, Incorporated, has acquired whole-fruit snack brand Tru Fru. Founded in 2017, Tru Fru is a innovate, better-for-you, high-quality snack made from real fruit, coated in premium chocolate and available in both frozen and shelf-stable. “We are thrilled to welcome one of the most innovative fruit-based snacks in the U.S. into the …
USA: Mondelez International to sell gum business to Perfetti Van Melle
Snack and confectionery multinational Mondelez International has announced that has agreed to sell its gum business in the USA, Canada and Europe to Perfetti Van Melle Group for $1.350 billion. The sale is part of the strategy of Mondelez International to accelerate growth and focus portfolio on chocolate, biscuits, and baked snacks categories. The acquisition includes the gum brands Trident, Dentyne, Stimorol, Hollywood, V6, …
USA: Barilla Group to acquire bakery brand Back To Nature
Leading Italian food company Barilla Group has announced the acquisition of the bakery brand Back To Nature from B&G Foods. The acquisition of Back To Nature follows the strategy of Barilla to build a strong multi-brand bakery platform in the United States. Founded in 1960, Back To Nature has a portfolio of plant-based, non-GMO cookies, crackers, granola and nuts & trail mix categories. “At …
Netherlands: Dawn Foods to complete sale of frozen manufacturing business to Europastrys
Global bakery manufacturer and distributor Dawn Foods has announced the sale of its frozen bakery manufacturing business Africa, the Middle East, Europe, Asia and the Pacific (AMEAP) to Europastry. The sale includes Dawn’s frozen bakery manufacturing plant located in The Netherlands, R&D capabilities based in the United Kingdom, and all associated customer relationships in the region purchasing Dawn-produced frozen products. “Dawn and Europastry have …
Brazil: Fonterra and Nestle to sell DPA Brazil joint venture
Dairy firm Fonterra and FMCG multinational Nestle have agreed to sell Dairy Partners Americas (DPA) Brazil joint venture to French dairy company Lactalis for BRL 700 million (approx. $133 million), subject to closing transaction adjustments. The sale, which has been delayed due to the pandemic related market conditions, is aligned with the co-op’s strategy of prioritising its New Zealand milk pool. Created in 2023, …
Denmark: Rema 1000 to acquire majority of Aldi’s Danish store network
Rema 100 Denmark, part of Reitan Retail, has agreed to acquire the majority of German discount grocer Aldi’s grocery store network in Denmark. According to the company statement, Rema 100 will acquire 114 stores and three distribution centres in attractive locations which will help the company to accelerate growth and increase market share with high-quality products at low prices. “Rema 1000 Denmark has been …
India: Hindustan Unilever to invest in health & wellbeing category
Hindustan Unilever (HUL), a subsidiary of the multinational consumer goods giant Unilever, has entered the health & wellbeing category through strategic investments in Zywie Ventures Private Limited (OZiva) and Nutritionalab Private Limited (Wellbeing Nutrition). OZina is a plant-based and clean label consumer wellness brand focused on lifestyle protein, hair & beauty supplements and women’s health. Wellbeing Nutrition is focused on need spaces such as …
USA: Ferrero to acquire ice cream maker Wells
Confectionery firm Ferrero Group has announced the acquisition of US ice maker Wells Enterprises as part as Ferrero’s strategy to growth in the ice cream section and Wells’ vision for accelerated growth. Wells will remain a standalone business with its portfolio of brand such us Blue Bunny, Blue Ribbon Classics, Bomb Pop, and Halo Top under Ferrero’s ownership. “Ferrero is a likeminded company with …
USA: J.M. Smucker to build new R&D facility
US-based food and beverage company The J.M. Smucker Co has announced plans to build a new R&D facility in its Orrville campus in Ohio, USA. According to sources, the new 29,000 sq. ft lab will support the firm’s Smucker’s Uncrustables brand and the company plans to develop new products in the facility, test innovative products and to seek new opportunities to optimise productivity. Tina …
Italy: Auricchio acquires 3B Latte
Italian cheese producer Auricchio Group has announced the acquisition of 3B Latte, a manufacturer of goat, buffalo and cow’s milk cheese. According to sources, 3B Latte has been operating for 70 years and generates a turnover of €35 million (US$36.6 million) and its portfolio includes the Vaccino, Di Capra, and Senza Lattosio brands. Florindo Bertoni, CEO of 3B Latte, commented: “This project will allow …
UK: Asda to open 300 new convenience stores and create 10,000 new jobs
British supermarket chain Asda has announced plans to open 300 Asda Express convenience store and create 10,000 new jobs by the end of 2026. The strategy behind the development of a convenience store network is to become the UK’s second largest supermarket. Each Asda Express store will stock with 3,000 products to cover customer’s needs, including fresh ambient and chilled groceries, as well as …
USA: California Dairies to acquire DairyAmerica
Dairy family-owner cooperative in California, California Dairies Inc. (CDI) has acquired DairyAmerica a globally recognised supplier of quality and sustainable dairy ingredients. Founded in 1995, DairyAmerica is a federated cooperative currently co-owned by California Dairies, Agri-Mark, Inc., and O-AT-KA Milk Products. As part of the acquisition, California Dairies will purchase the ownership rights currently held by Agri-Mark, Inc. and O-AT-KA Milk Products. “This investment …
France: Campari and Moët Hennessy to acquire 100% of Tannico
Campari Group and Moët Hennessy has acquired, through their 50-50 joint venture, full ownership of online wine and spirits company Tannico. Founded in 2012, Tannico’s e-commerce platform offers a catalogue of over 1,500 labels from 2,500 wineries focusing 90% of the business in B2C. The platform also provides wine courses, video tutorial and in the B2B area, services to wineries professionals in the hospitality …
UK: A.G. Barr to acquire Boost Drinks
Soft drink manufacturer A.G. Barr has announced the acquisition of the functional energy drink brand Boost for an initial consideration of £20 million, on a debt-free, cash-free basis. Founded on 2021, Boost has a portfolio of energy drinks, RTD iced coffees and sport-focused beverages, operating an asset light model, outsourcing production, warehousing, and logistics. “Boost is one of the UK’s most recognisable functional drinks …
USA: Philip Morris International to become majority shareholder of Swedish Match
Philip Morris International (PMI) has become the majority shareholder of the leading oral nicotine company Swedish Match. PMI has acquired 93 percent of the shares in Swedish Match and its portfolio of oral nicotine products in a move to accelerate its objective of a smoke-free future replacing cigarettes with science-based, better alternatives to smoking products. “We are delighted to have obtained over 90 percent …
USA: Deutsch Family Wine & Spirits to enter joint venture for Cantera Negra Tequila
Deutsch Family Wine & Spirits has entered into a joint venture with Two Sons Imports, owners of Cantera Negra Tequila to acquire a partial ownership stake in Cantera Negra to become the exclusive global sale and marketing partner. Cantera Negra is handcrafted in small-batch quantities tequila made from 100% fully mature blue agaves. The portfolio of Cantera Negra tequilas includes: Silver, with natural hints …
India: Barry Callebaut to build a new facility
Belgian-Swiss cocoa processor and chocolate manufacturer, Barry Callebaut, has announced the construction of its third chocolate and compound facility in India. The company opened its first facility in India in 2007 and since them Barry Callebaut has continuously invested in the Indian chocolate and cocoa market. Upon completion of the new chocolate factory, India will become Barry Callebaut’s largest chocolate producing market in Region …
India: Bel Group to enter joint venture with Britannia Industries
French dairy producer Bel Group has entered into a joint venture with Britannia Industries to develop, manufacture and sell cheese products in India and some other markets. Bel Group will acquire 49% stake of Britannia’s wholly-owned subsidiary Britannia Dairy Private Limited for INR 2.62bn (US$32.1m). “This strategic partnership with Britannia in India is a new step for Bel Group’s development in Asia, in line …
Spain: Magellan & Cheers acquires Perucchi
New spirits group Magellan & Cheers has announced the acquisition of Spanish vermouth brand Perucchi. The new group is founded and led by Jean-Noël Reynaud, which has an international career of more than 30 years in companies such as Remy Cointreau, Coca-Cola, Lactalis, and Marie Brizard. Perucchi is a brand with 150 years, known especially for its vermouth that is made from wines, mistelles, …
France: Lavazza to acquire MaxiCoffee
Italian coffee producer Lavazza has reportedly made a binding offer to acquire the French firm MaxiCoffee, owned by the company founder Christophe Brancato, 21 Invest and other investors. According to sources, Lavazza made the deal so that the company can strengthen its position in France and also in e-commerce. Lavazza Chief Executive Antonio Baravalle said: “Our strategy is to support the further development of …
Saudi Arabia: Nestle to Invest $1.86bn in food industry over 10 years
FMCG multinational Nestle has announce the investment of SAR 7 billion (1.86 billion) over the next decade to support business growth. The company will initially invest SAR 375 million ($99.8 million) to build a manufacturing plant which is expected to be opened by 2025. The facility will make infant nutrition products and ready-to-drink coffee, exporting to countries in the Middle East and North Africa. …
UK: Danish Crown invests in new factory
Denmark-based meat processor Danish Crown has announced the investment in a new bacon factory in Rochdale, Greater Manchester, UK. According to the company’s statement, the aim of the new factory is to offer UK customers high quality, traceable pork products that are manufactured in a more sustainable way and to supply bacon to the UK market. The firm will invest over £100 million ($119 …
Chile: Fonterra divests Chile operations
Dairy firm Fonterra has announced the divestment of its Chilean Soprole business. According to the company’s press release, the business was sold for about CLP $591.07 billion ($638.51 million) to dairy firm Gloria Foods. The decision to sell was made in April 2022, after the company released Fronterra’s strategy to 2030. Fonterra CEO, Miles Hurrell, commented the deal: “A key pillar of our strategy …
UK: Asahi to close Dark Star Bewery
Japanese drinks giant Asahi Beverages has announced that the company is going to cease operations in its Dark Star brewery in Partridge Green, Sussex, on the 31st of December 2022 due to current economic challenges. According to sources, the company said that the facility is operating significantly below capacity, which is not sustainable. Asahi said in statement: “This is not a step we have …
Switzerland: Philip Morris International to launch Bonds by Iqos
Multination tobacco manufacturer Philip Morris International (PMI) has announced the launch of Bonds by Iqos, its latest heat-not-burn tobacco system to be used with specially designed tobacco sticks, Blends. The product offers an alternative to consumers who want to “replace cigarettes with innovative, science-based, smoke-free alternatives”. “Providing a range of alternatives to continued smoking—with a variety of taste, technology, usage, and price options—is imperative …
USA: Keurig Dr Pepper invests in Athletic Brewing Company
Leading beverage company in North America, Keurig Dr Pepper, has announced an investment in Athletic Brewing Company, America’s leading non-alcoholic craft beer maker. According to the Keurig Dr Pepper’s statement, the company purchased a minority stake of $50 million in Athletic Brewing Company in a move to tap into the rapidly emerging beverage categories. As part of the deal, Keurig Dr Pepper will have …
Germany: Aldi acquires companies from Altmuehltaler Mineralbrunnen
German retailer Aldi Nord has announced the acquisition of some companies from the beverage firm Altmuehltaler Mineralbrunnen Group. According to Aldi’s press release, the Altmuehltaler Mineralbrunnen Group is one of the most important producers and bottlers of mineral water and non-alcoholic soft drinks in Germany and the firm employs around 400 people, jobs that will remain secure after the transaction. The deal includes production …
USA: American Beverage Corporation acquires Poppilu
US-based firm American Beverage Corporation, a wholly-owned subsidiary of Harvest Hill Beverage Company, has announced the acquisition of Poppilu, a lemonade brand targeted to children. Founded in 2017, Poppilu was at a first stage targeted to adults but its target shifted in 2020, when the need for a lemonade for kids was identified. Poppilu is sold in pouches in three ‘bold and tangy’ lemonade …
UK: BAT to invest in Charlotte’s Web
Multinational tobacco manufacturer British American Tobacco (BAT) has announced a c.£48.2 million investment in Charlotte’s Web Holdings, a producer of hemp extract wellness products in the USA. “Our investment in Charlotte’s Web represents another step for BAT in our exploration beyond tobacco and nicotine, as we continue to build a strong foundation to deliver A Better Tomorrow,” said Kingsley Wheaton, Chief Growth Officer at …
USA: Grupo Bimbo to invest $630 million to build two new facilities
Multinational Mexican bakery Grupo Bimbo has announced an investment of $630 million to build two new facilities in Georgia and Ohio in the USA. The facility in Georgia, which will be the second plant of Grupo Bimbo in the city, will cost around $200 million creating nearly 300 new jobs, while the facility in Ohio will cost around $431 million generating over 320 jobs. …
USA: Juul to secure funds to avoid bankruptcy
Juul Labs has secured an investment from some of its early investors to keep the e-cigarette business operations avoiding the bankruptcy. Juul plans to lay off abut 400 people and reduce its operation budget by 30% to 40%. The company has been facing financial strains since the FDA banned Juul’s vaping products this year and then put the ban on hold pending further review. …
UK: Carlsberg Marston’s Brewing Company to sell Eagle Brewery
Carlsberg Marston’s Brewing Company (CMBC) has announced plans to sell the Eagle Brewery to its long-term partner, S.A. Damm. Damm is a Spanish brewer, best know for its premium beer Estrella Damm. Since 2010, the production of Estrella Damm for the UK has been packaged at the Eagle Brewery. As part of the agreement, the Eagle Brewery’s beers will remain part of the CMBC’s …
UK: Butlers Farmhouse Cheeses acquires Parlick
Lancashire based cheesemaker Butlers Farmhouse Cheeses has announced the purchase of Parlick, a brand from dairy firm Singletons & Co. According to sources, the Parlick brand had ceased trading since September this year and the deal enabled the Parlick’s products to remain stocked without any break in the supply to retailers like Sainsbury’s and Waitrose. The investment strengthens Butlers Farmhouse Cheeses’ portfolio, now including …
USA: Ferrero breaks ground on Kinder Bueno facility
Global sweet-packaged foods firm Ferrero Group has announced that the company broke ground on its new facility in Bloomington, Illinois. The new Kinder Bueno facility represented an investment of $214.4 million and it will create 200 new jobs, according to the company’s press release. Alanna Cotton, president and chief business officer of Ferrero North America said: “This investment will fuel our momentum in North …
USA: Diageo acquires Balcones Distilling
Alcoholic drinks firm Diageo has announced the acquisition of leading Texas premium whisky distiller, Balcones Distilling. Balcones Distilling is a craft distiller that is said to produce super premium whiskies, such as Texas “1” American Single Malt, Lineage American Single Malt and Baby Blue Corn Whisky. The firm differentiates from others by creating whiskies with distinctive flavours and the beverages are produced with high …
Mexico: Herdez del Fuerte acquires Inderdeli and Deli, Dips & Snacks
Herdes del Fuerte, a joint venture between Grupo Herdez and Mexican conglomerate Grupo Ku, has announced the acquisition of Interdeli and Deli, Dips & Snacks companies. According to sources, Herdes del Fuerte purchased the business for MXN $587 million ($29.4 million). The acquired Mediterranean food companies sell products under the Libanus, Flaveur and Liguria brands, featuring a range of products that include pita bread, …
Japan: JT Group and Altria announce joint venture
Leading international tobacco company Japan Tobacco has announced a joint venture between the JT Group, through its subsidiary JTI, and the leading US tobacco firm Altria Group, through PM USA. According to the Japan Tobacco’s press release, the join venture was formed to market and commercialise heated tobacco sticks (HTS) products in the USA, using Ploom devices and Marlboro consumables. A long-term, non-binding global …
UK: Morrisons to close unprofitable McColl’s stores
British supermarket chain Morrisons has announced the closure of 132 McColl’s convenience stores so that the retailer can make a profit in the medium term. According to an article in European Supermarket Magazine, the retailer plans to close most stores this year, leaving 55 stores with a post office to close in 2023. The McColl’s chain was acquired out of administration last May, but …
Mexico: Grupo Bimbo to acquire St Pierre Group bakery
Mexican bakery giant Grupo Bimbo has announced the acquisition of the UK based bakery St. Pierre Groupe. The deal is expected to accelerate the rapid growth of St Pierre Group in the USA and increase international expansion. St. Pierre Groupe is a producer of brioche buns, brioche bagels, and brioche sub rolls, inspired by the Parisian cafe culture and with a growing presence in …
Italy: Campari to acquire initial 70% stake in Wilderness Trail Distillery
Italian spirit group Campari has reached an agreement to acquire an initial 70% stake in Wilderness Trail Distillery for $420 million, strengthening its bourbon offer. Under the agreement, the company will be able to acquire the remaining 30% of the premium Kentucky Bourbon and Rye Whiskey producer in 2031. Bob Kunze-Concewitz, Chief Executive Officer Campari Group: “We are very excited to take a controlling …
Spain: Grupo Apex to acquire Pop Up brand
Spanish snacking firm Grupo Apex has announced the acquisition of popcorn brand Pop Up from Grupo Bimbo for an undisclosed sum. Grupo Apex said it had also signed a long-term agreement that grants the exclusive distribution in Spain, Portugal and Andorra for the Eagle nuts brand. “Both operations, which are added to the recent acquisition of the Catalan manufacturer of vegetable chips Viube Foods, …
UK: Asda to open Asda Express convenience stores
Asda, one of Britain’s leading retailers, has announced the launch of convenience stores under the banner Asda Express. According to the company’s press release, the first store is scheduled to open on the 8th November 2022 in Sutton Coldfield, and a second store is expected to open the following month on the 6th December in Tottenham Hale, London. Both stores are said to create …
France: Remy Cointreau enters perfume market
Remy Cointreau, the leading French spirits firm, has announced the launch of a ‘luxurious’ perfume house called Maison Psyche. According to a company press release, Maison Psyche was created as a collaboration between Baptiste Loiseau, cellar master of Maison Remy Martin, and Sophie Labbé, principal perfumer at Firmenich. Baptiste Loiseau and Sophie Labbé said: “Maison Psyche was born from our shared love for the terroirs …
USA: Philip Morris International to reach agreement with Altria Group
Philip Morris International (PMI) has reached an agreement with Altria Group (Altria) to end the companies’ commercial covering IQOS in the USA. From 30th April 2024, PMI will have full rights to sell IQOS in the USA. As part of the agreement, PMI will pay a total cash consideration of $2.7 billion. The agreement between the two companies for the commercialization of heat-not-burn products …
Australia: Minerva Foods acquires Australian Lamb Company
Minerva Foods Australia has announced the acquisition of Australian Lamb Company, an Australian meat firm. Minerva Foods Australia, a joint venture of Minerva and Saudi Agricultural and Livestock Investment Company (35%), will own 100% of the issued shares in Australian Lamb Company, in a deal worth A$400 million ($253 million). Australian Lamb Company is one of the largest meat producers inAustralia, with the ability …
USA: JBS discontinues Planterra Foods
Global meat firm JBS has decided to discontinue its US plant-based foods unit Planterra Foods, according to a FoodBev report. The firm will reportedly now focus its efforts in plant-based foods Brazil and Europe, where its customer base and market share are said to be growing. Nikki Richardson, head of corporate communications at JBS USA, said: “JBS USA has made the decision to discontinue …
Australia: Carman’s acquires Fruit Wise
Australian cereal and snacks producer Carman’s has announced the acquisition of family-owned snacks and breakfast foods producer Fruit Wise. According to a statement released by Carman’s, the companies share their outlook on healthy snacks and the purchase comes after one year of discussions. Commenting on the acquisition, Bridget Beal, managing director of Fruit Wise said: “We’ve been family owned for 15 years, so wanted …
USA: Kroger and Albertsons announce merger
US retail chains Kroger and Albertsons, currently ranked No. 1 and No. 2 largest supermarket retailers in the country, have announced that the companies are to merge. According to a Kroger press release, the merger will expand customer reach and improve proximity to fresh and affordable food to around 85 million households. Under the terms of the deal, Kroger will purchase the outstanding shares …
USA: Primo Water acquires Crystal Spring Water Company
Florida-based Primo Water Corporation has announced the acquisition of all the assets of fellow bottled water producer Crystal Spring Water Company, which is based in Rhode Island. According to Primo Water Corporation, the purchase will allow it to increase its distribution in both Rhode Island and South-eastern Massachusetts, where Crystal Spring Water Company’s products are already present. Tom Harrington, CEO of Primo Water Corporation, said: “Crystal Spring Water …
USA: Constellation Brands divests a portion of its wine brands
Constellation Brands, the leading international beer, wine and spirits firm, has announced that it is divesting part of its mainstream premium wine brands to The Wine Group. According to a company press release, the decision to sell most of its popular and mainstream premium wine portfolio to The Wine Group, including the brands Cooper & Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 …
China: Bubs enters production and distribution agreement for goat milk infant formula
Goat milk manufacturer Bubs Australia has announced that it has made an agreement with Heilongjiang Ubeite Dairy Group (HUG) to produce and distribute Bubs China label goat milk infant formula in China. According to a Bubs press release, the new “ultra-premium” Bubs China label infant formula range has been created exclusively for the Chinese market, based on easy to digest A2 goat milk protein, …
Australia: Asahi acquires soft drinks firm StrangeLove
Japanese drinks giant Asahi has announced the acquisition of Australian soft drinks firm StrangeLove. According to sources, StrangeLove offers a range of adult soft drinks including sparkling waters, low-calorie sodas and premium mixers. Robert Iervasi, Asahi CEO, said: “We expect StrangeLove to really shake things up in the on-premise premium mixer and adult soft drink space with a high-quality, Australian-made brand. This deal will …
Australia: Diageo acquires Mr Black liqueur
Alcoholic drinks firm Diageo has announced the acquisition of Mr Black, a premium cold brew coffee liqueur from Australia. In a statement, Diageo said it had already purchased a minority stake in Mr Black in 2015 through its incubator programme Distill Ventures. Mr Black’s liqueur is described as being made using modern coffee brewing techniques and has reportedly become the fastest growing brand in …
USA: Hilmar Cheese breaks ground on new facility
US based Hilmar Cheese has recently announced that it has broken ground on its new cheese and whey production facility in Dodge City, KS. According to a company press release, the new facility will be delivered through an investment of $600 million. Founded in 1984, Hilmar Cheese is claimed to be one of the world’s largest producers of high quality American-style cheese and its …
Mexico: Cazcabel to open new distillery
Tequila producer Cazcabel Tequila has announced plans to open a new $37 million distillery in Mexico in 2023. Located in the Jalisco mountains in the Los Altos region, the facility will be run by the Vazquez family, known for producing agave and tequila. The property is claimed to be close to agave fields and near natural springs area with optimum water minerality to produce premium tequila. …
Spain: Nestle to invest in Girona coffee facility
FMCG giant Nestle has announced that it is investing €100 million ($98 million) in a coffee plant in Girona, Spain. According to sources, the investment will be made over the next three years with the goal of increasing the factory’s medium to long-term competitiveness. Nestle plans to install state-of-the-art technology that, combined with automation and digital technology, will improve sustainability and logistics, as well …
USA: PepsiCo introduces Pepsi S’mores Collection
FMCG giant PepsiCo has launched a limited-edition range of S’mores inspired flavours for its Pepsi cola line in the US. Released on the last day of summer, the Pepsi S’mores Collection is available in the varieties Toasty Marshmallow, Graham Cracker and Chocolate. The Toasty Marshmallow variant is said to have a marshmallow base with toasted notes to bring out the “fireside flavour”, whilst the Graham Cracker …
USA: Diageo opens new distillery for Aviation American Gin
Diageo’s Aviation American Gin subsidiary has announced the opening of a new Aviation American Gin Distillery and Visitor Center in Portland, USA. According to a company press release, the 3,000 sq m facility features a tasting room, draft cocktail bar, and a gift shop. Ryan Reynolds, Aviation American Gin co-owner said: “About three years ago, we set out to create a one-of-a-kind distillery and tasting …
Germany: BAT to acquire minority stake in Sanity Group
Multinational tobacco company British American Tobacco (BAT) has announced the acquisition of a non-controlling minority stake in Sanity Group. Founded in 2018, Sanity Group aims to improve quality life using cannabinoids. The investment will help the German company to expand and strengthen research and development activities. “Our goal is to leverage the full potential of the cannabis plant and to explore and harness the …
Australia: Coles sells convenience store business
Australian retailer Coles Group has announced the sale of its fuel and convenience store business to fuel firm Viva Energy. According to sources, Coles and Viva Energy had been operating the business in a partnership that was planned to end in 2029. With this acquisition, Viva Energy will operate the largest fuel and convenience network in the country, under one single operator. Leases on …
Spain: Mercadona invests in €60 million in logistics platform
Spanish retailer Mercadona has made an investment of €60 million ($58.5 million) in its logistics platform in Riba-Roja del Turia, Valencia. According to an article in Revista Inforetail, the resources will be used to optimise and modernise its warehouse for fresh produce in the logistics centre. With the investment, improvements will be made in the centre’s processes, facilities and working conditions The warehouse will see …
USA: House Foods Holding to acquire Keystone Natural Holdings
House Foods Holding USA, a subsidiary of Japan-based House Foods Group, has announced the acquisition of US based Keystone Natural Holdings, described as a leading manufacturer of tofu and plant-based foods in North America. In a statement, Keystone Natural Holdings, whose brands include Nature’s Soy brand, will help House Foods to boost its portfolio of plant-based products and expand its presence in North America, increasing the factories it …
USA: AG Olives acquires Bell-Carter Foods
AG Olives (Aceitunas Guadalquivir), described as one of the world’s premier olive companies, has announced the purchase of US peer Bell-Carter Foods for an undisclosed sum. According to sources, the deal will enable Bell-Carter Foods to fund investment in its facility in Corning, California, including to expand warehouse space, install advanced olive cookers, and create new production lines. The investment will help the company …
Japan: Coca-Cola to partner with Kirin on immunity drinks
Soft drinks giant Coca-Cola is partnering with Japanese beverage firm Kirin to develop functional drinks, according to a Nikkei Asia report. The companies are said to be collaborating to create drinks that contain lactococcus lactis strain plasma (LC-Plasma), a postbiotic ingredient developed by Kirin Holdings that is claimed to boost immunity in healthy people. The collaboration will reportedly help Coca-Cola to bolster its position …
USA: Kellogg’s introduces Insta-bowls Cereal
Food giant Kellogg has announced the launch of Kellogg’s Insta-bowls, a cereal presented in bowls that can be prepared simply by adding water. Described as ‘delicious milk and cereal in a splash’, the cereal is claimed to contain real milk and is ready after adding cold water and stirring. The product was designed with the aim of creating a convenient, portable product for consumers …
Portugal: Baker & Baker acquires Peipen
Baker & Baker, one of Europe’s leading suppliers of bakery products, has announced the acquisition of Peipen, a pastel de nata (Portuguese custard tart) producer. According to sources, the deal will enable the firm to expand the production capacity of the Portuguese pastry with new production lines. The agreement includes a 5000 sq. mt. manufacturing facility located in Peniche, with all the equipment, and …
USA: Misfits Market to acquire Imperfect Foods
US online grocer Misfits Market has announced the purchase of fellow e-commerce firm Imperfect Foods. According to sources, the companies are intended to be operated separately at first, before being merged into a single brand. Both online grocers started out retailing mishappen products in order to prevent food waste, but currently also sell a broader range of fresh products such as meat, seafood and other groceries. Abhi Ramesh, CEO …
Ireland: Irish Distillers to build new whiskey distillery
Irish Distillers, a subsidiary of the French drinks conglomerate Pernod Ricard, has announced plans to build a €250 million ($247.7 million) whiskey distillery in Midleton, Ireland, according to a FoodBev report The new distillery will be located in a 55-acre area that is connected to the company’s existing Midleton Distillery, and will produce whiskeys for the Jameson, Powers, Redbreast, Midleton Very Rare, the Spot family …
Brazil: Danone stops producing Bonafont bottled water in Brazil
FMCG giant Danone has announced it is ceasing production of Bonafont bottled waters in Brazil, including all of its activities in the Jacutinga plant in the state of Minas Gerais. According to a FoodBev report, the decision is line with Danone’s decision to focus on dairy and plant-based products and specialised nutrition in the country, which are described as being more profitable and with higher growth rates. …
Austria: Billa introduces plant-based store concept
Austrian retailer Billa, a subsidiary of the Rewe Group, has announced the opening of a store with a plant-based concept called Billa Pflanzilla. According to sources, the new concept was launched in response to research that revealed that 46% of Austrians have recently reduced consumption of animal products and that 28% of 18 and 19 year olds don’t eat meat. Marcel Haraszti, CEO of REWE International …
Poland: Netto Poland moves headquarters to Warsaw
Polish branch of supermarket chain Netto has announced this week that it is moving its headquarters to Harmony Office Center II in Warsaw. According to sources, the retailer will take 2000 sq. metres within the complex which has a favourable position due to its proximity to Warsaw city centre and very good public transport access as well as a metro station that is only …
Brazil: PepsiCo sells biscuit assets to Camil Alimentos
FMCG giant PepsiCo has agreed to sell a set of biscuit assets to the Brazilian manufacturer Camil Alimentos, according to a Just Food report. The agreement is claimed to involve the biscuit brands Mabel, Doce, Mirabel, Elbi’s and Pavesino and to include a ten-year licencing contract with PepsiCo for the Toddy biscuits brand and the associated production line. The deal also includes a factory in Goiania …
Australia: Endeavour Group acquires Shingleback Wine
Australian alcoholic drinks retailer and hospitality business Endeavour Group has announced the acquisition of Shingleback Wine from McLaren Vale, South Australia. According to sources, the agreement includes the Shingleback Wine brand portfolio, a long-term lease of the McLaren Vale cellar door and an ongoing grape supply agreement. Shingleback was founded in 1997 by Kym and John Davey brothers and it will now be part …
Australia: Good Drinks Australia acquires Stomping Ground
Good Drinks Australia, an independent Australian brewer, has announced the acquisition of Victorian-based brewery Stomping Ground for A$11.5 million ($7.7 million). According to sources, the transaction will be closed for A$7 million ($4.7 million) in cash, 4.5 million Good Drinks Australia ordinary shares, and a trailing 5-year performance component. With this agreement, Stomping Ground is expected to contribute A$1.5 million ($1 million) to Good …
Spain: Grupo Apex acquires Viube Foods
Spanish-based snacks company Grupo Apex has acquired Spanish Viube Foods, a manufacturer of vegetable crisps. Viube Foods is based in Girona and produces and markets vegetable chips made with 100% natural ingredients and in an artisanal way, under the Mikso brand. According to sources, with the acquisition, Grupo Apex has now seven factories and aims to be a ‘benchmark’ in this segment, believing that …
USA: Eli’s Cheesecake announces expansion
Eli’s Cheesecake, a Chicago-based cheesecake and dessert maker, has announced that it is expanding its facility in northwest Chicago by 42,000 sq ft. According to the company, the new space will allow for the expansion of bakery operations including the addition of new production and packaging lines and storage areas. Once the expansion is completed, the facility will cover a total of 104,000 sq …
USA: Treehouse Foods to sell significant part of meal prep business
Treehouse Foods, a leading manufacturer and distributor of private label foods and beverages, has announced that it has come to an agreement with Investindustrial to sell a part of its meal preparation business for $950 million. In a statement, Treehouse Foods said the deal was intended to “simplify” its business proceedings and allow it to focus its efforts on other areas. Commenting on the move, Treehouse …
USA: Coca-Cola launches Dreamworld variety
Coca-Cola has announced Dreamworld, the latest offering within its Coca-Cola Creations concept. According to a company press release, Coca-Cola Dreamworld, which also comes in a zero sugar version, “explores the realms of the surreal, the imaginary, and the otherworldly” offering “a surprising and unexpected flavor from a dream world”. Commenting on the launch, Alessandra Cascino, creative and shopper programme director of Coca-Cola North America, said: …
USA: V&V Supremo Foods acquires Mill Creek Cheese
Hispanic food business V&V Supremo Foods has announced the acquisition of family-owned cheese producer Mill Creek Cheese. V&V Supremo Foods was founded in 1964 and produces Mexican cheese, crema and chorizo, and owns the Chihuahua quesadilla cheese brand. Founded in 1891, Mill Creek Cheese is described as the oldest family-owned cheese plant in Iowa County, Wisconsin. V&V Supremo Foods said it planned to use the …
USA: Del Monte Foods acquires Kitchen Basics
Del Monte Foods, the US food company, has announced the acquisition of cooking aids firm Kitchen Basics from McCormick. Kitchen Basics was founded in 1996 and has an extensive portfolio of ready-to-use stocks and broths, and is currently the market leader in the US. Greg Longstreet, president and CEO of Del Monte Foods, said: “Del Monte Foods has gone through a positive transformation over …
Thailand: Lotus Bakeries to open new Biscoff plant
Belgian biscuit and cake manufacturer Lotus Bakeries has announced an expansion in Thailand, with a new manufacturing plant for the Biscoff brand. According to the company, the plant is intended to increase capacity in the Asia region, as well as improve response times to local trends and reduce transport costs. Thailand was chosen due to its central location in the region and the availability …
USA: Colgate-Palmolive to acquire three plants from Red Collar Pet Foods
FMCG giant Colgate-Palmolive has announced plans to acquire three dry pet food manufacturing plants in the US from Red Collar Pet Foods for $700 million. According to Colgate-Palmolive, the acquisition aims to support the global growth of its Hill’s Pet Nutrition business and includes the transfer of approximately 350 employees. The manufacturing plants – in Orangeburg (SC), Clinton (OK), and Washington Court House (OH) – …
USA: Kroger announces opening of new fulfilment centre
Kroger, one of US’s largest grocery retailers, has announced that they are opening a new Customer Fulfilment Centre in Dallas, Texas, powered by the Uk’s Ocado group. According to sources, the centre will utilise automated robotics technology to improve customer experience. It is part of Kroger’s delivery network, with more than 1,000 bots traversing a large grid, controlled by proprietary control systems. The grid, …
France: Bel Group acquires majority stake in Shandong Junjun Cheese
French dairy producer Bel Group has announced the acquisition of 70% shares of the Chinese cheesemaker Shandong Junjun Cheese. As well as manufacturing cheese, Shandong Junjun Cheese is the fourth-largest milk producer in China. The company has reportedly achieved over 100% annual growth since 2018. According to a statement released by Bel, the investment will help the French giant with its international expansion strategy …
USA: PepsiCo invests $550 million in Celsius Holdings
PepsiCo, the leading US consumer goods firm, has announced a distribution agreement and the acquisition of $550 million stake in energy drink company Celsius Holdings at the price of $75 per share, corresponding to 8.5% ownership of the company. Celsius is a US global consumer packaged goods company that produces lifestyle energy fitness drinks. With this agreement, PepsiCo will become the preferred distribution partner globally …
USA: Carolina Foods to open new facility in Pineville
Carolina Foods, a bakery and pastry manufacturer, has announced it is building a new manufacturing facility in Pineville, NC. According to sources, the new facility will cover an area of 423,000 sq ft and will be operational by 2023. Commenting on the move, Carolina Foods CEO Dan Myers said: “In addition to being twice the size of our current space, our new facility will be totally …
Italy: Emmi sells 25% stake in Italian cheese firm Ambrosi
Swiss dairy firm Emmi has announced the sale of its 25% stake in cheese business Ambrosi in order to focus on “profitable growth segments”. Ambrosi is an Italian cheese specialist and producer of Parmigiano Reggiano, Grana Padano, mozzarella and gorgonzola cheeses. The stake was acquired in 2007, with the aim of generating international growth in several countries in the speciality and premium cheeses segment. …
France: Agrial acquires Rochebillard et Blein
Agrial, a French agricultural and agrifood co-operative, has announced the acquisition of dry charcuterie producer Rochebillard et Blein. Rochebillard et Blein has 115 employees over three production sites – two in Violay and one in Taninges, producing nearly 2,000 tonnes of various charcuterie products that are sold in supermarkets, charcuterie shops, and traditional butchers. Stephane Poyac, executive vice president of Agrial, said: “Co-operative has …
Chile: Empresas Carozzi to acquire Lecherias Loncomilla
Chilean FMCG manufacturer Empresas Carozzi has entered an agreement to acquire ice cream firm Lecherias Loncomilla. Lecherias Loncomilla, owner of the San Francisco ice-cream brand in Chile, was founded in 1975 and produces frozen desserts that supply the retail channel. According to sources, Empresas Carozzi was founded in 1898 and is the fourth-largest ice-cream maker in South America. The company entered the ice-cream category …
UK: Premier Foods to acquire The Spice Tailor
UK food manufacturer Premier Foods Plc has announced the acquisition of 100% of The Spice Tailor, a maker of Indian and South East Asian meal kits and accompaniments, for an initial consideration of £43.8 million ($52.4 million). In a statement, Premier Foods said the Spice Tailor would benefit from increased levels of marketing investment to drive product awareness and household penetration, new product development resources, and …
UK: Rollagranola acquires Primrose’s Kitchen’s assets
Granola company Rollagranola has bought Primrose’s Kitchen, the UK-based breakfast cereal business that went into liquidation in December 2021. Founded in 2014, Hitchin-based Rollagranola has acquired the stock, packaging, intellectual property, and brand name of Primrose’s Kitchen, a supplier of organic and vegan, and gluten-free muesli from the South of England. Rollagranola’s founder Robin Longden said the buy-out of Primrose’s Kitchen “signals a new …
USA: PepsiCo announces plant expansion
FMCG giant PepsiCo has announced the acquisition of 152 acres of land in the Denver Development Area that will be used for a new 1.2 million sq ft manufacturing facility. According to sources, the new plant will be PepsiCo Beverages North America’s largest and most sustainable. The new facility will replace a manufacturing plant in the River North Art District, tripling production capacity and created 250 …
USA: J.M. Smucker sells Red River Cereal to Arva Flour Mills
US-based food and beverage company JM Smucker has announced it has sold its breakfast cereal line Red River Cereal to Ontario-based firm Arva Flour Mills for an undisclosed sum. According to sources, JM Smucker had revealed in 2020 that the company was going to sell businesses that were not aligned with their “long-term strategy focus”. Mark Rinker, owner of Arva Flour Mills, said: “Since …
China: Yili to open world’s largest dairy industrial park
Yili Group has opened the Global Smart Manufacturing Industrial Park and Health Valley in the world in Hohhot, China, including the Chilechuan Ecological Intelligent Pasture and the Yili Intelligent Manufacturing Experience Centre, to produce both liquid and powder milk. According to a company press release, the group aims to establish an area that will serve as a global hub for the dairy and health industries, using …
Canada: Royal Unibrew to acquire Amsterdam Brewery
Denmark-based brewing and beverage firm Royal Unibrew has announced that it came into an agreement to acquire the entirety of the Toronto-based company Amsterdam Brewery Co. Ltd., a Canadian craft brewing company with a normalised revenue of around CAD$34 million ($26.4 million). According to sources, the acquisition of the company will bring Royal Unibrew more premium offerings into the portfolio within Canada, Ontario in …
USA: Tyson Foods invests in Mississippi plant
US multinational food firm Tyson Foods has announced that the expansion of its Forest, Mississippi plant is now complete. According to sources, the facility’s expansion covers the chicken-related production capacity due to the increase in demand for protein. The expansion provides new automation technology and capacity designed for higher efficiency processing of chickens for both food service and retail. The expansion was implemented amidst …
USA: Ferrero to build new innovation centre in Chicago
Confectionery firm Ferrero North America has announced plans to open a 45,000 sq ft Innovation Centre with Strategic R&D Lab in Chicago’s Marshall Field and Company Building. This new facility will merge Ferrero’s R&D teams across the US and house employees from Ferrero’s Old Post Office location, including about 170 cross-functional teams. The Innovation Centre will represent a number of brands from the company’s …
Ireland: Diageo plans to invest in carbon-neutral brewery
Alcoholic drinks firm Diageo has announced plans to invest €200 million ($202 million) in Ireland’s first purpose-built carbon neutral brewery in Kildare. According to the company, the new facility will produce lagers and ales, and with a capacity of 2 million hectolitres, it will become the second largest brewing plant in Ireland. The brewery will reportedly use 100% renewable energy and will make use …
USA: Flower Foods invests in Base Culture
Flower Foods, one of the main producers of packaged bakery foods in the US, has announced an investment in Base Culture, a manufacturer of gluten-free and grain-free sliced breads and baked goods that are aligned with the paleo diet. According to Flower Foods, Base Culture’s products are currently available in nearly 15,000 retail locations across the US. The investment will reportedly allow the company to …
Italy: Sperlari Group to acquire Paluani
Sperlari Group, the Italian leader in the candy and nougat industry that belongs to the German group Katjes International, has announced the acquisition of Italian confectionery company Paluani. Paluani was owned by the Campedelli family, but the firm ended in an insolvency procedure. The Sperlani group was the only bidder that presented a proposal to the Bankruptcy Court of Verona to purchase Paluani. The …
Germany: Kaufland invests in new modern greenhouse
German supermarket chain Kaufland has announced that they’re investing on sourcing produce from Germany all year round and thus the firm is opening Germany’s most modern greenhouse, together with the Reichenspurner family, in the region of Chiemgau. According to sources, the greenhouse will grow strawberries, peppers, tomatoes, and the like throughout the year over an area of 22 football fields. Additionally, the greenhouse is …
Spain: Laumont to build a new production facility
Laumont, a company that produced truffles and mushrooms, has announced the construction of a new 4,000 sq. mt facility centre in Tarrega, Spain. According to a statement released by the firm, the new facility will increase the production capacity to answer the increasing demand of the business and it will allow the production of new truffle-based products. Additionally, there will be an investment in …
USA: Splash Beverage Group to acquire 80% stake in Pulpoloco Sangria
Splash Beverage Group, owner of leading beverage brands, announced the acquisition of 80% of Pulpoloco Sangria, giving the group control over the manufacturing and distribution in the US and international markets. Pupoloco Sangria is crafted in Spain, and Its distribution rights were acquired in 2020 by Splash, turning the giant into the exclusive importer of the drink in the US. Robert Nistico, Splash’s chairman …
Saudi Arabia: Tyson Foods buys stake in Tanmiah Food Company
Tyson Foods and Tanmiah Food have signed a strategic partnership in which Tyson Foods will acquire 15% of stakes in Tanmiah subsidiary Agriculture Development Company (ADC) and 60% equity in Supreme Foods Processing Company. Tyson Foods is a recognized leader in protein, whilst Tanmiah is a producer of fresh and value-added poultry and other meats, animal feed, health products, and a foods brand franchise …
Egypt: Offer submitted for 90% stake in Domty
Arabian Food Industries (Domty) has announced that an offer has been submitted for 90% of the Egypt-based food business by Expedition Investments for EGP5 ($0.26) per share. According to Daily News Egypt, Expedition Investments is a company created to acquire Domty owned by investors in Egypt, Saudi Arabia, and the United Arab Emirates. According to sources, Egypt’s Financial Regulatory Authority is studying the submitted …
Thailand: Calbee buys Thailand snacks peer Greenday
Japanese snacks business Calbee has acquired a 75% stake in Greenday, a Thailand Based snack maker, for an undisclosed sum. According to sources, the deal may improve the reach of Jagabee products on a global scale. Calbee already has a presence in the North American, UK, south-east Asian markets and aims to expand its overseas business as a growth pillar in its plan to …
Australia: Cooke Seafood increases purchase proposal for Tassal
Privately-owned Cooke Inc. (‘Cooke’), parent company of Cooke Aquaculture Inc. has upped its stake proposal to purchase the Tasmanian salmon farmer Tassal Group Limited. Tassal is a vertically integrated salmon and prawn grower and processor for the Australian domestic markets and for exportations, employing over 1,700 people. Cooke Inc. has Atlantic salmon farming operations in Atlantic Canada, the US, Chile, and Scotland; seabass and …
Spain: Danone plans to sell factory
FMCG giant Danone has announced that they are looking for a buyer for its factory in the north west of Spain, since they are looking to close it. According to sources, last month Danone announced the closure of the factory in the town of Salas in the name of improving ‘competitiveness and industrial efficiency’. The workers of the factory held a demonstration against the …
UK: Lotus Bakeries acquires Peter’s Yard
Lotus Bakeries announced the complete acquisition of UK based Peter’s Yard artisanal sourdough business. Peter’s Yard produces a wide range of healthy crackers, crispbreads and flatbreads, and sourdough bites. Lotus Bakeries is well-known for the natural snack category and brands like Lotus, Kiddylicious, BEAR snacks, among others. Lotus Bakeries has been an investor in Peter’s Yard since July 2019, when the firm acquired 20% …
USA: Maytag Dairy sold to AgCertain Industries
Cheese producer Maytag Dairy Farms has been sold to AgCertain Industries, which is owned by private equity firm Midwest Growth Partners since 2019. Maytag Dairy Farms was founded in 1941 and sells and supplies jam, honey, popcorn, blue cheese, cheddar, and cheese spreads to retailers and foodservice businesses as well as selling products online. AgCertain Industries belongs to Midwest Growth Partners and produces private-label …
USA: Keurig Dr Pepper acquires non-alcoholic cocktail brand
Keurig Dr Pepper have recently announced the acquisition of the non-alcoholic cocktail brand Atypique from Station Agro-Biotech. The agreement made for the acquisition has both Keurig and Station Agro-Biotech fuel the growth of Atypique using the research done by Station Agro-Biotech in the product category and Keurig’s sales network. Chief financial officer for the international branch of Keurig Dr Pepper, Ozan Dokmecioglu said “We …
Portugal: Jeronimo Martins Group invests in Andfjord Salmon
Jeronimo Martins Group has acquired 10.1% (16.8 million euros) of the Norwegian company Andfjord Salmon for sustainable salmon production. “Just a few days before the 2022 United Nations Ocean Conference in Lisbon, we are investing in a promising and truly innovative sustainable business project that is fully aligned with our corporate responsibility priorities. Andfjord Salmon’s project is focused on using efficient technology to produce …
Canada: Coca Cola to invest in Lower Mainland region
Coca Cola Canada Bottling has announced its plans to invest nearly CAD$42 million ($32 million) into the Lower Mainland region’s operations due to growing demand in British Columbia and to help their capability in the region. According to sources, the investment will be applied to create a new manufacturing line in the Richmond plant, allowing the facility to use pre-form bottles at the location …
USA: Kellogg announces plans to split into three companies
Food giant The Kellogg Company has recently announced plans to restructure the company by splitting it into three companies in the US. The firm is planning to combine all of its cereal operations in North America into one singular entity. Similarly, Kellogg is planning to separate its plant-based and snacking businesses into separate companies as well. The reasoning the company provided for the decision …
USA: Mondelez International to buy Clif Bar
FMCG giant Mondelez has announced plans to buy Clif Bar & Company for $2.9 billion (€2.75 billion), paying additional amounts to the sellers according to its earnings from Clif Bar. According to the sources, the giant will get the Clif, Luna, and Clif Kid brands of bars in its portfolio through the acquisition, creating a $1 billion-plus global snack bar franchise for itself and …
USA: Athletic Brewing opens non-alcoholic brewery
US firm Athletic Brewing Company has officially started production at its 50,000 square foot new facility in Milford, Connecticut. Athletic Brewing is one of the country’s largest non-alcoholic beer producers and it has experienced exponential growth over the past five years, producing 1.4 million cases of beers in 2021. It is expected that with this new facility, the company will be able to produce …
Germany: FrieslandCampina sells some of its German portfolio to Muller
Dutch dairy multinational FrieslandCampina has announced that they will sell some of their brands and factories in Germany to their local peer Muller. A spokesperson from FrieslandCampina said: “Our local German brands need more scale, and Unternehmensgruppe Theo Muller offers this growth perspective through synergy benefits”. In the sale, there are included brands such as Landliebe, Tuffi, Sudmilch, Puddis, and Mondelice as well as …
Spain: Grupo Vall Companys to buy control of Sada
Spain-based meat processor Grupo Vall Companys has closed a deal to buy 75% of local poultry firm Grupo Sada from Netherlands agri-food business Nutreco. According to sources, Grupo Sada has a total of five plants in Spain and supplies poultry products to retailers and the foodservice sector. Grupo Vall Companys’ processes and supplies fresh and frozen products, including chicken and turkey. The poultry division, …
UK: Minor Figures attracts investment from Danone and Green Monday
Uk based Oat-milk business Minor Figures has received a minority investment from Danone Manifesto Ventures (DMV) and Green Monday Group, a plant-based food business. Founded in 2015, with offices in the US and Australia as well, Minor Figures produces barista oat milk for retail and coffee shops under its own brand name, RTD coffees and teas distributed in 16 countries. Green Monday produces the …
Brazil: M. Dias Branco acquires Jasmine Alimentos
Brazilian food manufacturer M. Dias Branco has agreed to acquire the Brazilian division Jasmine Alimentos of French dietary food specialist Nutrition & Santé. Jasmine Alimentos, based in the Parana state, is a producer of organic, vegetarian, gluten-free, and zero-sugar ranges of health foods such as breakfast cereals, seed mixes, burgers, bread, and, like M. Dias Branco, also produces biscuits, and crackers. According to sources, …
USA: New Berlin Beverage acquires iced tea maker Minna
New Berlin Beverage, a recently founded holding company with a focus on emerging and innovative beverages, has announced the acquisition of Minna, a line of sparkling iced teas. Minna’s portfolio consists of various types of sparkling tea, including fruity flavours such as cherry cacao green tea and pineapple passion fruit tea. CEO of New Berlin Beverage and Minna, Anshu Dua, said “This acquisition will …
Malaysia: Fraser and Neave plans to acquire Cocoaland
Malaysian food and beverage manufacturer Fraser and Neave Holdings is prepared to make moves towards obtaining full ownership of a local peer Cocoaland Holdings. According to sources, Fraser and Neave plans to buy all of the shares in Cocoaland that it does not yet own for just under 488.2 million MYR ($111.1 million) in total. Fraser and Neave first invested in the snack and …
USA: Atlas Holdings to acquire Foster Farms
US based company Atlas Holdings, owner of manufacturing and distribution businesses operating in various sectors, has announced the completion of the acquisition of Foster Farms, a producer of fresh and frozen poultry based in California. According to sources, Foster Farms has a history of being one of the leading brands in fresh chicken products in the west and has facilities in several US states. After the …
Chile: Grands Chais de France announces two acquisitions
Les Grands Chais de France (GFC) has closed two deals in Chile, marking the French wine group’s entry into South America. According to sources, the company recently announced the acquisition of Vina Las Ninas, which was purchased in 2021, a 40 hectares vineyard based in the Alpata region. That deal was closely followed by another. “GCF has already bought 150 hectares of vineyards in …
Germany: Katjes Group acquires UK gluten-free firm Genius Foods
Germany confectionery company Katjes Group has acquired the UK gluten-free bakery Genius Foods through its venture-capital arm Katjes Greenfood. Founded in 2009, Genius Foods has a product portfolio of rolls, bagels, loaves, wraps, and pittas sold in the major retailers and in the foodservice channel. Last year, the firm achieved EUR40m (US$42.7m) in sales. With this acquisition, Katjes Greenfood aims to expand its gluten-free …
USA: Borgman Capital acquires Dairyfood USA
Specialty cheesemaker Dairyfood USA has been acquired by Borgman Capital, a private-equity company, that will merge the business with Gilman Cheese, an own-label cheese manufacturer. The acquisition will allow Gilman Cheese to expand its portfolio of products and production capacity. Dairyfood USA was founded in 1953 and sells products under the Glacier Ridge Farms, Queso de Casa, and Sonoma Jacks brands, the company also …
India: PepsiCo to invest INR 186 crore to expand operations
Food and beverage business, PepsiCo India, has announced plans to invest INR 186 crore ($24 million) to expand its manufacturing facility in Kosi Kalan, Mathura, India. The facility, which already makes Lay’s potato chips, will increase the capacity of the state-of-the-art plant, by adding a new manufacturing line to produce snacks under the Doritos brand. “The progressive ecosystem and industrial climate in Uttar Pradesh …
UK: Northcoast Seafoods sold to Seafood Connection
UK seafood provider Northcoast Seafoods has been sold to a Dutch company Seafood Connection, a subsidiary of Japan’s Maruha Nichiro, for an undisclosed sum. With a workforce of 112 people, Northcoast Seafoods provides prawns and whitefish products to retailers. According to the Seafood Connection press release, both companies can complement each other and help Northcoast to grow thanks to the sourcing power of Maucha …
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