Sweden: Lantmannen to acquire Lindvalls Chark
Scan Sverige, a subsidiary of agrifood cooperative Lantmannen, has announced it has signed an agreement to acquire Lindvalls Chark, a company specialising in sausages and charcuterie sourced from Swedish farms. Founded in 1925, Lindvalls Chark was previously part of the Norwegian Jordanes Group, having been acquired in 2017. The company has an annual turnover of approximately 400 […]
USA: Coca-Cola forays into prebiotic sodas with Simply Pop launch
Coca-Cola, the soft drinks multinational, is making its first foray into prebiotic sodas with the launch of Simply Pop, a new brand line made with 6g of prebiotic fibre for gut health, as well as vitamin C and zinc for immune function. Claimed to contain 25-30% fruit juice from concentrate and to be free from added sugar, […]
USA: Everton acquires Eastern Tea
Italian tea company Everton, owned by Clessidra Private Equity, has acquired the US-based firm Eastern Tea, known for producing tea under the Bromley label as well as supplying private label brands. Headquartered in Tagliolo Monferrato, Everton generated approximately €45 million ($47 million) in revenue during its 2024 financial and has production facilities in Italy, India […]
USA: Celsius Holdings announces $1.8 billion acquisition of Alani Nu
Celsius Holdings, the global drinks firm, has announced it has finalised a definitive agreement to acquire functional brand Alani Nu for $1.8 billion, inclusive of $150 million in tax assets. “This strategic transaction will merge two rapidly expanding brands within the U.S. energy drink market, creating a leading better-for-you and functional lifestyle platform that is […]
UK: Ferrero launches double-layer Tic Tac sweets
Ferrero, the global confectionery has launched Tic Tac Two, a twist on the brand’s traditional hard sweets and mints that feature dual flavour combinations in a double-sided format. Debuting this February, Tic Tac Two comes in the varieties Raspberry & Lemon, Strawberry & Lime, and Fresh & Mild Spearmint, and reportedly targets young adults. Commenting on […]
USA: Diageo unveils plans for Alabama manufacturing and warehousing facility
Alcoholic drinks giants Diageo has announced plans to open a new 360,000 sq ft manufacturing and warehousing facility in Montgomery, in the US state of Alabama. The $415 million facility will have a multi-million case annual production capacity for Diageo’s leading beverage alcohol brands, enhancing the North America supply chain and supporting future growth for exports, the […]
UK: Diageo offloads majority stake in Guinness Ghana Breweries
Diageo, the UK-based spirits farm, has announced it has sold its 80.4% shareholding in beermaker Guinness Ghana Breweries plc to French wine producer Castel Group. The company said it would retain ownership of the Guinness brand and other Diageo brands, but that these would be licensed to Guinness Ghana Breweries under a new long-term agreement. Diageo […]
UK: Diageo finalizes agreement to sell Cacique rum brand to Bardinet
Diageo, the UK alcoholic beverages multinational, has announced it has finalized the sale of the rum brand Cacique to Bardinet, a major Spanish spirits company. Cacique is described as a Venezuelan rum brand with a 65-year heritage that is well-loved in Spain, in addition to its domestic market. Commenting on the sale, John Kennedy, Diageo president, […]
Czech Republic: Dr. Oetker to close production facility
Dr. Oetker, the Germany-based food multinational. has reportedly announced the closure of its sole manufacturing facility in the Czech Republic. In a statement, the company reportedly said that the factory, located in Kladno, was unsuited to modern production demands as there was no possibility for it to be expanded. Dr. Oetker will continue to supply the Czech […]
Egypt: Edita agrees deal to acquire 49% of Tuama Jebur Abbas
Edita, described as a leader in the Egyptian snack food market, has agreed to acquire a 49% staked in Tuama Jabur Abbas, a fellow snack food firm based in Iraq, for a total of $8 million USD. The partnership will establish Edita Iraq and also see Edita acquire two production lines for cakes, as well as one […]