Singapore: Ezaki Glico to set up new unit
Japan based snack manufacturer Ezaki Glico has released a plan to set up a new, wholly owned subsidiary called Glico Asia Pacific Pte. Ltd. in Singapore on 1st June 2017. According to a press release, the new company has been set up to engage in business control as well as marketing activities within the ASEAN […]
South Africa: Distell acquires stake in Cruz Vodka
South African wine and spirits group Distell has announced a partnership with the Cruz Vodka business worldwide, purchasing a 75% stake in the brand from Blue Sky Brand Company (BSBC). Financial terms were not disclosed. Commenting on the investment, Distell said: “The transaction strengthens Distell’s portfolio in the premium vodka category, one of the fastest […]
South Africa: Heineken signs a deal to acquire Stellenbrau
The South African arm of the multinational brewer Heineken has acquired Stellenbrau, a craft beer producer, for an undisclosed amount. Established five years ago, Stellenbrau has a portfolio that includes four signature beers: Craven Craft Lager, Jonker’s Weiss, Alumni Ale and Governor’s Red Rooibos Lager. Heineken South Africa MD Ruud van den Eijnden commented “Stellenbrau […]
South Africa: Clover Industries acquires 51% of Olive Pride
Clover Industries, the South African food and dairy firm, has agreed to acquire 51% of the shares of olive oil producer Olive Pride, according to a report in Bizcommunity. Clover Industries is acquiring the stake from AECI Holding subsidiary Southern Canned Products (SCP), which will retain 49% of the business. According to reports, the transaction […]
UAE: Unilever opens plant in Dubai
FMCG multinational Unilever has opened a manufacturing plant at Dubai Industrial Park through an investment of 1 billion DHS ($272 million). According to a report in Sustainable Brands, goods produced at the new plant will have the “Made in UAE” label and 80% of production will be exported to the Europe and MENA regions. The […]
South Africa: PIC to buy AB InBev’s stake in Distell
South African investment fund Public Investment Corporation (PIC) has agreed to purchase world leading brewer AB InBev’s entire indirect stake in alcoholic drinks firm Distell. The stake comprises 58,000,000 shares or 26.4% of the company, which would go to PIC for an undisclosed amount. The sale of the stake was a condition of regulatory approval […]
South Africa: Ajinomoto purchases 33% of Promasidor
Japanese food manufacturer Ajinomoto has outbid PepsiCo to buy a 33% stake in South African firm Promasidor for $532 million, according to a Reuters report. Promasidor sells powdered milk and drinks, dairy products and cereal and is mainly active in Nigeria, Algeria, Ghana, the Democratic Republic of Congo and Angola. The deal reported to be […]
South Africa: Kingsley Beverages invests £36 million in UK plant
South African drinks manufacturer Kingsley Beverages is to open up a plant in the UK, which will be the company’s first outside the Middle East and Africa. Located in Peterborough, the new 14,000 sq m, £36 million ($48 million) facility will include a warehouse and manufacturing facilities as well as office spaces, and construction is […]
UAE: Zoom looks to increase network to 500 stores by 2025
UAE-based supermarket chain Zoom, part of Emirates National Oil Company (ENOC), has announced its intention to open 30 new stores per year until 2025 as part of the regional expansion plans which also include new stores in Saudi Arabia and Bahrain. The plan, which includes standalone Zoom stores, stores in ENOC’s service stations and franchise […]
India: Amul to set up ice cream facility in Pune
India biggest dairy co-operative Amul Dairy has announced a plan to build an ice cream plant in Khed City with an investment of RS 120 crore ($18 million). “Pune is our largest market for Amul ice cream and currently there is a supply shortage. We wanted a quick set up in and around Pune, and obviously, […]