India: Prataap Snacks to acquire majority of share of Avadh Snacks
Indian snack food company Prataap Snacks has announced the acquisition of an 80% of share in Avadh Snacks, a Gujarat based snack food company, for 148 crone INR ($2.1 millon ). Prataap Snacks manufactures fried and sliced crisps made from potatoes, hummus, lentils, and namkeen, a type of traditional savoury Indian snack, under the Yellow […]
Australia: Nestle to seek new options for Lean Cuisine
Nestle, the Swiss consumer goods giant Nestle, has announced that it is “considering alternative options” for its Lean Cuisine brand in Australia. The announcement comes after Simplot revealed that it will not renew the licence agreement that it signed in 2009 to manufacture and market Lean Cuisine under licence in Australia. The decision was taken […]
Australia: Coca-Cola Amatil explores options for SPC
Cola-Cola Amatil, the Australian softt drinks and food firm, has started a “strategic review” of SPC, an Australian processor of packaged fruit and vegetablea. According to Alison Watkins, managing director of Coca-Cola Amatil, the review coincides with the completion of a four-year, A$100 million ($72 million) co-investment in SPC in conjunction with the Victorian government. “We […]
India: Orkla ventures into confectionery market
Norwegian-based Orkla Group, the parent company of India’s MTR Foods, has announced its entry into the confectionery market in India with the Laban brand. The firm’s ‘human’-shaped fruit flavoured vegetable chews come in a variety of flavours including Strawberry, Mango, Green Mango and Orange, and will be sold in packs of 26g and 65g, priced at 10 […]
Japan: Japan Tobacco acquires Mighty Corp for $1 billion
Global cigarette manufacturer Japan Tobacco has announced that it is buying Mighty Corp, the number two cigarette company in the Philippines, for 46.8 billion PHP ($936 million). According to executive vice president of Japan Tobacco, Mutsuo Iwai, “This major acquisition in Southeast Asia adds to our recently announced full-scale entry into Indonesia, and will further enhance our […]
China: Yakult to start construction on new plant
Probiotic dairy drink manufacturer Yakult Honsha has announced the construction of a new plant in Foshan, Guangdong, China. According to Yakult, Guangzhou Yakult started construction on the Foshan plant in July. The new factory will produce Yakult and Yakult Light fermented milk drinks and will be the third plant for Guangzhou Yakult, and the sixth […]
Japan: Ajinomoto buys Labeyrie Traiteur Surgeles for €21 million
International seasoning and food firm Ajinomoto has announced the acquisition of French frozen food maker Labeyrie Traiteur Surgeles (LTS) through Ajinomoto’s consolidated subsidiary Ajinomoto Foods Europe for €21 million ($24.1 million). The acquisition, made under an agreement between Ajinomoto and LTS’s parent company Labeyrie Fine Foods, is aimed at enabling Ajinomoto to expand its business platform of […]
Singapore: Coca-Cola to set up new distribution centre
Coca-Cola Singapore has announced the opening of a new storage and distribution center in Tuas. Located opposite to an existing Coca Cola plant, the new $57.5 million facility includes an “overhead bridge with a conveyance system to transport products from the manufacturing facility to the storage warehouse and vice versa”, according to information reported on […]
UK: BAT to acquire Reynolds American Tobacco
BAT has announced the acquisition, through a subsidiary company, of the remaining 57.8% of Reynolds American Tobacco. The acquisition, which has been approved byh shareholders of both companies, is expected to be completed by the end of the month. On the day if completion, the company will start trading on the New York Stock Exchange […]
Australia: Haigh’s Chocolates to build new facility
Australian confectionery company Haigh’s Chocolates has announced the construction of a new processing plant facility in Adelaide. The company, which produces “premium chocolate” from “premium quality cocoa beans from cocoa growing regions around the world”, will spend $10 million on the new “state-of-the-art” chocolate facility, which is expected to be completed by the end of […]