Australia: Peters Ice Cream sold to R&R
Following recent speculation it has been confirmed that ice cream brand Peters Food Group Limited (Peters) is to be sold by Pacific Equity Partners (PEP). Peters, which is one of Australia’s oldest consumer businesses, has been sold to UK-based R&R Ice Cream plc (R&R) backed by funds advised by French private equity firm PAI Partners […]
Innovation Insight: Mitsuya Freezing Cider Soft Drink
This week, Gama casts its eye over a new addition to the long-established Mitsuya Cider range in Japan – Mitsuya Freezing Cider – which is taking chilled shelving to new extremes. Launched by Asahi Soft Drinks, Mitsuya Freezing Cider is a soft drink that blurs the boundaries between chilled drinks and frozen ice pops. The […]
India: Bengal Beverages records growth in 2014
Bengal Beverages, which is a franchised bottling company of Coca Cola based in the Indian state of Bengal, has said that it has seen its turnover increase 20% in 2014. According to CMD S R Goenka, the company has invested almost Rs 3,000 million ($51 million) in the last five years in order to modernize […]
China: Amazon invests $20 million in Yummy 77
Online retail multinational Amazon has invested $20million in the Shanghai-based web food company Yummy 77, TechNode reports. The Chinese company offers seasonally fresh and gourmet products online including dairy, fruit, seafood and meat and ships them across China, catering for the growing demand for premium imported food products among city dwellers. The investment in Yummy […]
Japan: Mizkan Group buys Ragu and Bertolli brands from Unilever
According to media reports, Mizkan Group has signed an agreement with Unilever to buy its North America pasta sauces business under the Ragu and Bertolli brands. The value of the transaction is expected to be approximately $2.15 billion. Kazuhide Nakano, Chairman and CEO Mizkan Holdings, said: “This transaction represents an important milestone in our global […]
Australia: Treasury Wines rejects takeover bid
Treasury Wine Estates Limited (Treasury Wines), the Australian winemaker, has reportedly rejected a takeover bid of $4.70 cash per share from US company Kohlberg Kravis Roberts & Co. L.P. (KKR), claiming that the offer did not reflect the true value of the company. According to Australian Food News, Treasury Wines said that KKR had requested […]
China: Mane Fragrances & Flavours opens second phase of plant
Mane Fragrances & Flavours has recently announced the opening of the second phase of its plant located in the Baoshan District of Shanghai. According to Cosmetic Business, the move sees the French flavour and fragrance company triple the size of both its R&D and manufacturing facilities, with the expanded building including a state-of-the-art Sensory & […]
Australia: Helga’s launches “lower carb” bread
It has recently been announced that Helga’s has launched three “lower carb” bread products aimed at consumers following carbohydrate-controlled diets. Food Mag Australia reports that the range contains 25 percent less carbohydrates than a standard mix grain loaf and is available in Five Seeds, Soy & Toasted Sesame and Golden Linseed varieties. According to Susie […]
India: Metro plans to triple outlets by 2020
According to VCCircle, German cash and carry firm Metro Group plans to triple its store count in India to 50 by 2020. Olaf Koch, Chairman of the management board of Metro, said: “India has always been an important future growth market for METRO and we have seen continuous like-for-like growth recently in India. Now we […]
China: RPC expands into Asia with ACE acquisition
According to media sources, RPC Group, an international rigid plastic packaging supplier, is acquiring the large Chinese injection moulding firm ACE Corp. Holdings Ltd. The deal, worth up to $430 million, will be RPC’s first manufacturing presence in Asia and one which the company hopes to be able to use as a platform to make […]