Nigeria: Giant Beverages launches Valmont water brand
Giant Beverages is launching the new “super-premium” Valmont water brand for the Nigerian market, according to a report in Things New. Promoted as “accompany[ing] fine food and luxurious lifestyle”, the product features “transparent and minimalistic labelling” for “an extra touch of class”, according to sources. The product is being launched in 600ml and 1.5l bottles, […]
Nigeria: FrieslandCampina increases equity stake in subsidiary
FrieslandCampina has announced that it has increased to more than two thirds its equity stake in FrieslandCampina WAMCO Nigeria PLC, its subsidiary. As a result of the €180 million ($204 million) purchase, the company now owns 67.61% of the shares, compared to 54.58% previously. CEO of Royal FrieslandCampina Roelof Joosten said: “The size of the […]
Saudi Arabia: Fresh Del Monte launches Fresh Market retail concept
Fresh Del Monte has announced the launch of Fresh Market, a new retail concept for Saudi Arabia that “brings convenience to consumers who enjoy healthy living with a wide offering of fresh food and beverage options, on-the-go”. Fresh Market aims to give customers “a grab-and-go opportunity to make better food choices and staying healthy” providing […]
Egypt: Arla Foods and Juhayna form joint venture
Arla Foods and Egypt’s leading dairy firm Juhayna Food Industries have agreed to form a joint venture to sell Arla’s products across Egypt, Arla has announced. Juhayna is a major producer of UHT milk, yoghurt and juice but has a “very limited production” of butter, cheese and cream, Arla said in a statement. Arla has […]
Middle East: Gandour to launch luxury chocolate range
Gandour, a food and confectionery company from the Lebanon, has released “Moods”, a new range of chocolate products for the Middle East region. The new range, described as “luxury” and “premium”, is said to be the result of a study that the company conducted in the Middle East and North Africa to better understand consumer […]
South Africa: R&R Ice Cream acquires Nestle South Africa’s ice cream business
The British ice cream company R&R has announced the acquisition of the ice cream business of Nestle South Africa, in a move designed to increase its sales across the African continent. Nestle South Africa’s ice cream business includes brands such as Dairymaid, Country Fresh, Eskimo Pie and King Cone as well as Rolo and KitKat. The […]
Middle East: Al Ain Dairy launches “world first” camel milk ice cream
Al Ain Dairy Company has launched a new range of ice creams made with fresh camel milk, according to a report in Hotelier Middle East. Announcing the launch at Gulfood, Kingston Fernandez, head of sales at Al Ain Dairy said the product had been created in six flavours including chocolate, vanilla, and cardamom and was […]
South Africa: Rhodes Food to acquire 100% of Pacmar
Rhodes Food, Africa’s leading producer of canned fruit and vegetables, has agreed to acquire 100% of the issued share capital of Pacmar, according to a report from CNBC Africa. The purchase will be completed through its wholly-owned subsidiary Rhodes Food Group Proprietary Limited for a price of 165 million rand ($5.6 million), according to information. […]
Egypt: Kellogg to acquire majority stake in Bisco Misr
Cereal, cookies and snacks producer Kellogg has announced that it is to acquire a majority stake in the Egyptian biscuit producer Bisco Misr, subject to the completion of a public mandatory tender offer process. Kellogg said it expected to acquire a 85.93% stake in Bisco Misr based upon the number of shares tendered to the […]
Saudi Arabia: PepsiCo opens new facility in the Middle East
PepsiCo, one of the world’s leading food and beverage manufacturers, has inaugurated a new 55,000 square metre snack plant in Dammam, Saudi Arabia, to supply the snack market across the country. The facility is PepsiCo’s 15th in the Middle East, a region where the company has been doing business for 60 years. The opening of […]