India: Rasna acquires Jumpin drinks brand from Hershey
Rasna, a manufacturer of instant beverages, has announced the acquisition of soft drinks brand Jumpin to expand into India’s growing ready-to-drink (RTD) market. Launched by Godrej as India’s first drink in Tetra Pak cartons, and later acquired by Hershey, Jumpin was known for its non-carbonated beverages. It was withdrawn during the Covid-19 pandemic, after reaching annual revenues […]
USA: Chobani acquires Daily Harvest
Chobani, the leading US greek yoghurt firm, has announced the acquisition of Daily Harvest, a plant-based frozen smoothie and meals start-up, for an undisclosed amount. Founded in 2015, Daily Harvest is a New York-based company operates through a direct-to-consumer model, aiming to provide convenient, organic options rich in fruit and vegetables. Commenting on the move, Daily […]
USA: Kraft Heinz to invest $3 billion in modernising manufacturing sites
US food giant Kraft Heinz has announced plans to invest $3 billion to modernise its 30 existing manufacturing sites to strengthen operations and expand market reach. In an interview with Reuters, a company spokesperson said the upgrades were designed to make plants more efficient, helping reduce costs and potentially ease the impact of any import […]
USA: Archer to open second meat snack manufacturing facility
US meat snack company Archer has announced the opening of a second production facility, nearly doubling its total manufacturing capacity. Located in the Vernon district of Los Angeles (CA), the plant will span an area of 140,000 sq ft and focus solely on meat stick production. An existing facility in San Bernardino (CA) will continue producing both jerky […]
USA: Verde Valle Foods acquires A Dozen Cousins
Verde Valle Foods, a producer and distributor of rice, beans and ready meals in a pouch, has announced the acquisition of A Dozen Cousins, a brand focused on ready-to-eat dishes inspired by Creole, Caribbean, and Latin American traditions. Founded in 1967, Verde Valle is a third-generation family firm that owns leading brands such as Verde […]
USA: Kameda transfers ownership of Mary’s Gone Crackers to Dare Foods
Kameda Seika, a Japanese snack firm, has announced that it is divesting its US brand Mary’s Gone Crackers (MGC) to Rosseau Inc, a US subsidiary of Canadian food manufacturer Dare Foods, in a debt-equity swap. Founded in 2004, MGC offers organic, kosher, gluten-free and non-GMO crackers, available at grocery and speciality stores in both the United […]
Switzerland: Lidl launches own brand for local produce.
Discount retailer Lidl has announced the launch of a new brand in Switzerland focusing on “quality” and local products. The Qualite Suisse (Swiss Quality) range has launched with fruit and vegetables, bread, meat, cheese, charcuterie and dairy products, with categories such as frozen food, iced tea, chocolate, flour, and sugar to be added in later stages. […]
USA: Danone acquires majority stake in Kate Farms
Danone, the food and beverage multinational, has announced that it has entered into a definitive agreement to acquire a majority stake in Kate Farms, a US-based producer of plant-based, nutritional shakes and formulas for adults and children. Kate Farms shakes are described as containing organic pea protein, fibre and phytonutrients, with no artificial additives or […]
Italy: Valeo Foods Group acquires Freddi Dolciaria
Leading European sweets and snacks producer Valeo Foods has announced the acquisition of Freddi Dolciaria, an Italian producer of sweet bakery products. Founded in 1949 and based in Castiglione delle Stiviere, Freddi Dolciaria produces pre-packaged sponge cakes and Swiss rolls and generates nearly €20 million ($22.2 million) in annual turnover. Commenting on the move, Valeo Foods […]
Australia: Bega to close Strathmerton operations
Bega, the Australian dairy firm, has announced plans to consolidate its Strathmerton cheese processing and packaging operations into its existing site at its Ridge Street facility in Bega. As a result of the changes, Bega expects A$30 million ($19.4 million) in annual savings from consolidation. It will also invest A$50 million ($32.4 million) in the Ridge […]