Spain: Sigma Alimentos to invest in new processed meat plant
Sigma Alimentos, the parent company of Spanish meat producer Campofrío, has announced plans to invest €157 million ($169.6 million) to permanently recover its production capacity in Spain after its Torrente facility was severely damaged in storms. The planned investment includes €134 million ($145 million) for a new processed meat factory in Utiel, Valencia, alongside €23 […]
Denmark: Arla invests $70 million to expand cream cheese production
Arla Foods, the Denmark-based dairy cooperative, has announced an investment of €59.4 million ($70million) to expand cream cheese production at its dairy facility in Holstebro, Denmark. Arla Foods manufactures around 155,000 tonnes of butter and spreads and 119,000 tonnes of cream cheese per year. An earlier expansion at its Holstebro processing facilities, completed in early […]
USA: Bubbies Ice Cream acquired by Marubeni
Bubbies Ice Cream, a Hawaiian firm best known for mochi ice cream, has been acquired by by Marubeni, a leading Japanese trading and investment firm. Founded in 1985, Bubbies Ice Cream is described as being known for its premium positioning and unique flavours, recently venturing into a new frozen category with its Mini Ice Cream […]
Switzerland: Maestrani acquires Belgian chocolatier Delafaille
Swiss chocolate manufacturer Maestrani Schweizer Schokoladen has announced the acquisition of Belgian chocolate manufacturer Delafaille as a part of a succession plan. Founded in 1852 by Aquilino Maestrani, Maestrani has a brand portfolio that includes Munz, Minor, and Avelines. The acquisition includes Delafaille along with its co-packing subsidiary Ostrapack, based in Ostrava, Czech Republic. Commenting on […]
India: Walko Food Company acquires Meemee’s Ice Creams
Walko Food Company, an Indian ice cream and dessert business, has announced the acquisition of domestic peer Meemee’s Ice Creams to extend its reach in urban markets and the direct-to-consumer (D2C) channel. Founded in 2012, Walko Food Company owns a portfolio of brands including NIC, GrameenKulfi, Café Chokolade, Mimo and Cream Pot, known for their […]
Brazil: Nestle to invest $1 billion over three years
Nestle, the consumer goods giant, has announced plans to invest R$7 billion ($1.26 billion) over the next three years to boost production capacity and upgrade its factories. Brazil is Nestle’s third-biggest market worldwide, behind only the US and China, generating revenues for the company of $5 billion in the past year The investment includes R$500 million […]
India: Diageo to acquire Nao Spirits in $15 million deal
Diageo India (USL), a subsidiary of Diageo operating in India, has announced the acquisition of a majority stake in Nao Spirits, an Indian craft distiller, for 130 crore INR ($15.2 million). Founded in 2017, Nao Spirits makes premium Indian spirits using native botanicals. Its range includes Greater Than, India’s first craft gin, and Hapusa, made […]
Spain: Grupo Apex to acquire Super-Mex Foods
Leading Spanish-based snack company Grupo Apex has announced the acquisition of Cadiz-based peer Chavez y Clark, trading as Supermex. Supermex is a producer of tortilla chips, salsas, and seasonings, and is known for its use of the traditional Aztec nixtamalisation method of tortilla manufacture. It operates from a 1,300 sq m production facility, with an […]
USA: General Mills to acquire Gladstone Food Products
US food giant General Mills has announced that it is acquiring the assets of Gladstone Food Products, a producer of packaged foods. Originally founded in Gladstone (MI) in 1967, Gladstone Food Products manufactured taco shells under its own brand name and taco seasoning under the La Tiara brand. The company ceased operations in January, reportedly […]
India: Reliance Consumer Products invests over $900 million in new plants
Reliance Consumer Products (RCPL), the FMCG arm of Indian retail major Reliance Retail Ventures, has announced plans to invest 8,000 crore INR ($923 million) over the next 15 months to expand its beverage manufacturing capacity. The Economic Times reports that the investment will fund the development of 10 to 12 greenfield and co-packing plants across […]