India: Heineken to acquire United Breweries
Heineken, the multinational Dutch brewer, has announced the acquisition of United Breweries Limited (UBL) the India-based brewing company. The movement comes after the acquisition of additional shares, taking its shareholding in UBL to 61.5% on 23 June 2021. According to Heineken’s press release, India is an existing long-term growth opportunity for the company due to […]
China: Spar to partner with Guizhou Heli Supermarket Group
Global retailer Spar has announced a partnership with Guizhou Heli Supermarket Group, a retailer that operates over 100 supermarkets, shopping centres, and department stores in Guizhou, China. The partnership has been in place since 1 July 2021 and will enable Spar to grow by expanding into Guizhou province, the company said. The partnership will allow […]
Australia: Accolade Wines to acquire UK brand Lambrini
Australian wine business Accolade Wines has announced the acquisition of the Lambrini perry brand from Halewood Artisanal Spirits for an undisclosed sum. Founded in 1994, Lambrini is a light and fruity perry manufacturer in the UK. According to sources, the deal follows Accolade Wines’ growth strategy to expand its presence in the UK. Lambrini will […]
China: Fonterra to sell China JV farms
New Zealand dairy firm Fonterra, has agreed to sell off its two joint-venture farms in China to Singapore-based AustAsia Investment Holdings for $115.5 million. Fonterra has a 51% stake in the business and will receive NZD88 million (US$62.3m) in total asset sale proceeds, including cash on completion. To Fonterra CEO Miles Hurrell, the sale is […]
Australia: Mighty Craft to purchase Adelaide Hills Group
Australian craft drinks firm Mighty Craft is set to add the Adelaide Hills Distillery, Mismatch Brewing, and Hills Cider brands to its portfolio through the acquisition of alcoholic drinks firm Adelaide Hills Group, in a deal worth A$47 million ($36 million). The Adelaide Hills Distillery’s range includes gins and Australian whisky under the 78 Degrees […]
China: Reckitt Benckiser to offload infant formula business for $2.2billion
British consumer goods multinational, Reckitt Benckiser has signed an agreement to sell its infant formula and child nutrition business in China to a private equity firm Primavera for $2.2 billion. The deal includes a manufacturing site in Nijmegen, the Netherlands and Guangzhou, China, and the royalty-free perpetual and exclusive licence of the Mead Johnson and […]
Indonesia: Nestle Indonesia starts to build a new dairy facility in Java
Nestle Indonesia, a subsidiary of multinational food and drinks giant Nestle, has started the construction of a US$ 200million facility in Central Java. The 20 hectares of land facility will produce Bear Brand liquid milk and ready-to-drink beverages Milo and Nescafe to meet the consumer demand for dairy products in the region creating about 200 […]
Indonesia: Kerry to build a €30m million in taste facility in Indonesia
Taste and nutrition company, Kerry, has announced the investment of €30 million in the construction of a new manufacturing facility in Karawang, Indonesia. The new state-of-the-art facility is the largest investment that the company has made in the fast-growing markets of South East Asia. The facility will be Kerry’s second manufacturing site and third in […]
Australia: Procter & Gamble acquires Voost
US-based multinational Procter & Gamble (P&G) has announced the acquisition of the Australian brand Voost Vitamins. The Melbourne-based firm, Voost, is claimed to be the leading effervescent supplements brand in the country, available through in retailers and pharmacies and it is also distributed to Singapore, UK, and Hong Kong. Paul Game, P&G personal health care […]
Australia: Patties Foods acquires Fitness Outcomes
Australian pie and pastry firm Patties Foods has announced the acquisition of the ready meal business Fitness Outcomes. According to Inside FMCG, the addition will allow Patties Foods’ annual sales to reach around AUD $500 million ($387 million). During the next two months, the production of the 20 refrigerated and frozen healthy ready meals will […]