Israel: Frutarom acquires Redbrook for $45 million
Irish seasoning specialist Redbrook has been acquired by Israeli ingredients company Frutarom for $44.8 million. The Dublin-based company specialises in seasoning blends, marinades, glazes and cures for the meat and savoury food processing sectors. Redbrook takes Frutarom’s acquisition in 2016 to six, with previous buys including the Austrian firm Wiberg for $130 million, the US […]
South Africa: Pioneer Foods acquires Streamfoods
South African packaged goods company Pioneer Foods has bought UK’s Streamfoods for £7.5 million ($10.0 million), according to reports in Fin 24 and Business Day Live. Northamptonshire-based Streamfoods is owned by the Wellness Group of companies and manufactures a range of fruit snacks and bars, predominantly targeting children, under the Fruit Bowl brand. The acquisition […]
Nigeria: GSK Nigeria beverage business acquired by Suntory
Suntory Beverage & Food, part of multinational food and beverage giant Suntory, has announced the acquisition of the beverage business of GSK Nigeria for about ¥7 billion ($69 million). The acquisition comes after Suntory acquired UK beverage brands Lucozade and Ribena from GSK in 2013 for $2.1 billion. However, even after this acquisition, licensing agreements […]
Nigeria: Pick N Pay to open first stores
Pick N Pay, South Africa’s number two grocery chain, has unveiled plans to expand its geographical footprint with the the opening of its first stores in Nigeria. Announcing the move alongside its 2016 financial statements, the retailer said that a key part of its strategy was “to establish a second engine of growth in markets in the […]
South Africa: Nestle inaugurates instant coffee plant
Nestle South Africa has officially inaugurated its new instant coffee manufacturing plant in Estcourt, KwaZulu Natal following an investment of 1.2 billion ZAR ($84 million). The expansion includes the construction of a waste water treatment plant, a new coffee processing plant, upgrading of existing coffee processing and a state of the art coffee drying plant, […]
South Africa: Associated British Foods buys $389 million stake from Illovo
Associated British Foods (ABF) has announced that it has reached an agreement with Illovo Sugar to acquire the 48.65% interest in Illovo that it does not already own, in a deal worth around 5.6 billion ZAR ($389 million). ABF, a diversified international food, ingredients and retail group owning brands such as Twinings, Ovaltine and Ryvita, […]
South Africa: “Farmers’ brand” Nature’s Farms launched
Farmer-owned South African agribusiness GWK has recently announced the launch of “proudly South African farmer brand” Nature’s Farms, according to an article in the South African Food Review. The announcement was reportedly made as the firm unveiled a new multi-million rand wheat mill, pasta plant and biscuit factory at ModderRiver near Kimberley in South Africa’s […]
Israel: Fosun acquires Israeli Dead Sea mineral brand Ahava
Chinese investment conglomerate Fosun Group has announced that it has agreed to he acquisition of a 100% equity interest in Israeli cosmetics manufacturer Ahava Dead Sea Laboratories for 290 million ILS ($77 million). Fosun will wholly own Ahava, which makes skin care products from Dead Sea minerals and mud and markets facial care products including […]
South Africa: Distell launches country’s first tequila-flavoured cider
Distell, the leading producer and marketer of spirits, wines and ciders in South Africa, has extended its flagship brand Savanna for the launch of a new tequila flavoured cider under the brand name Savanna Loco. Supported by the strapline: “Savanna Loco. Add a leeedle crazy!”, the 6% abv drink is said to feature the crisp […]
Israel: Carrefour in talks to enter market with Victory investment
Carrefour, the world’s second largest grocery retailer, is seeking to enter the Israeli market through an investment in the Victory supermarket chain, according to a report in Bloomberg. Talks about a potential investment, which were reportedly confirmed by the Israeli firm following media speculation, come as Victory itself is planning to submit a bid for Alon […]