USA: Diageo to build new distillery in Shelby County, Kentucky
Global wine and spirits company Diageo has announced plans to build a distillery and six barrel storage warehouse on 300 acres of land in Shelby County, Kentucky, USA. The estimated investment will be $115 million and Diageo plans to have the distillery operational by 2016. Approval for the new facility, which will distill bourbon and […]
USA: Wrigley set to launch sugar-free gum for kids
Wrigley has recently announced plans to launch Orbit for Kids, a new sugar-free gum marketed at children. The sugar-free gum is claimed to help and protect the teeth by stimulating saliva flow, neutralising plaque acids and helping to keep them clean. According to DentistryIQ, the gum is recognised for its benefits and has been awarded […]
USA: Just Born’s Peeps to become a ‘year round’ snack
Peeps, the marshmallow chick confectionery which is normally only available at Easter, will now become a year round snack in response to consumer demand, according to manufacturer Just Born. As reported by Food Business News, the iconic confectionery debuted 61 years ago and has benefited from steady innovation in more recent years. Although precise figures […]
USA: Nestle explores 3D printed “alarm clock” packaging for Nescafe coffee
Nestle has launched 200 limited edition jars for its Nescafe coffee fitted with “alarm clocks” in the cap, as part of its “Wake Up To Life” campaign. The alarm clocks feature seven different tones synchronized with small pulsing lights designed to gently rouse the consumer from sleep. According to PSFK, each “alarm cap” is made […]
USA: Elizabeth Arden shares drop after surprise loss
Shares in cosmetics manufacturer Elizabeth Arden are said to have dived by up to 23% – the sharpest fall in five years – after the company reported an unexpected loss. As reported by the BBC, the company’s sales fell by 20% to $ 211 million due to weak demand in North America and heavy discounting […]
USA: Coca-Cola increases its stake in Keurig Green Mountain
According to media reports, Coca-Cola has raised its stake in Keurig Green Mountain Inc. from 10% to 16% to become its largest shareholder, owning more than 26 million shares. The company had bought an initial stake in Keurig Green Mountain of 10% in February. The move is part of efforts by Coca-Cola to focus more […]
USA: Hillshire Brands Company acquires Pinnacle Foods Inc
Hillshire Brands has announced that it has agreed terms with Pinnacle Foods Inc through which Hillshire Brands will buy all remaining shares of Pinnacle Foods in a cash and stock deal. Under the terms of the agreed deal, each Pinnacle Food common stock share will be traded for $18.00 USD in cash and 0.50 shares […]
USA: Chobani set to expand portfolio
Chobani LLC, a Greek yoghurt manufacturer, has announced plans to branch out and expand its product portfolio from June 2014. The expansion will see Greek Yogurt Oats, Chobani Indulgent, Chobani Kids and Chobani Kitchen products added to the company range. Food Business News reports that Greek Yogurt Oats is a line of chilled Greek yoghurt […]
USA: Energizer to split into two separate companies
Energizer Holdings Inc has announced its plans to split into two separate companies as it looks to rationalize its business. The move would see the company split into two new businesses – one focused on personal care and one on household products companies – and is scheduled for the second half of 2015. The decision […]
USA: Hain Celestial expects Rudi’s to be next $100 million brand
Following to a successful quarter with record sales, the Hain Celestial Group Inc is said to remain confident in continuing growth from recent acquisitions and is predicting particular gains for its Rudi’s brand, expecting it to achieve a value of $100 million. Hain purchased Rudi’s Organic Bakery, a leader in the natural channel with a […]