Brazil: JBS to invest in four Seara units in Santa Catarina
JBS, the global meat company, has announced plans to invest R$216 million ($37.6 million) in four units in the Brazilian state of Santa Catarina for its Seara business. Founded in 1956, Seara specialises in the manufacturing and sale of chicken, pork, processed foods and plant-based meat substitutes. This investment is intended for the upgrade and […]
USA: Conagra Brands to sell Chef Boyardee to Hometown Food Company
Leading US food manufacturer Conagra Brands has announced it has entered into an agreement to sell Chef Boyardee, an ambient ready meals brand, to Hometown Food Company, a portfolio company of private equity Brynwood Partners, for $450 million. This transaction includes a manufacturing facility in Milton (PA) and a full range of shelf-stable operations and assets, […]
Canada: Rustica Foods to build third production facility
Rustica Foods, a leading privately owned Canadian pizza producer, has announced plans to build a third production facility to expand its market reach. Founded in 2000, Rustica Foods is a producer of both fresh and frozen pizzas under the Rustica and Mia brands, and also manufactures for major private-label clients in Canada and beyond. It […]
Portugal: Lactalis to acquire Queijos Tavares
Lactalis, the French dairy giant, has signed an agreement to acquire Queijos Tavares, a Portuguese producer of cow, sheep, and goat cheeses, from Crest Capital Partners. Founded in 1996, Queijos Tavares produces a variety of cheeses under brands such as Seia do Tavares, Serras de Penela, Damar, and Monte da Soalheira. The company is a […]
South Africa: Coca-Cola Beverages Africa invests in Malawi
Coca-Cola Beverages Africa (CCBA), the Coca-Cola bottler, has invested $14.9 million in a new production line in the Malawian capital Lilongwe through its subsidiary Coca-Cola Beverages Malawi Limited (CCBM). This investment has reportedly boosted CCBM’s production capacity, enabling the bottling of Coca-Cola brand beverages and the Sobo brand on a single line. The system produces […]
USA: Agristo to build $450 million potato plant in North Dakota
Agristo, a Belgium-based potato processor & Europe’s leading supplier of frozen potato products, has announced plans to build a $450 million potato processing plant in Grand Forks, in the US stated of North Dakota. The planned facility, intended to manufacture frozen potato products such as chips (fries) and hash browns, is set to be constructed […]
Switzerland: Nestle to expand coffee factory in Vietnam
Global FMCG giant Nestle has announced an investment of 1,900 billion VND ($73.32 million) to expand its Tri An coffee facility in the southern Vietnamese province of Dong Nai. The spending commitment is part of a wider 4,300 billion VND ($165.4 million) investment strategy for the factory during the 2024-2025 period, aimed at boosting production […]
Germany: Rewe to invest $3.42 billion to expand Penny in Romania
German retailer Rewe has announced plans to invest €3 billion ($3.42 billion) to grow its store network in Romania, taking the total number of outlets from 417 to 1,000 by the year 2035. According to sources, the retailer plans to open 40 more stores and complete its fifth warehouse in Mihailești this year. It also […]
USA: Milo’s Tea opens fourth facility in South Carolina
Milo’s Tea, an Alabama-based firm that manufactures, distributes, markets and sells ice teas and lemonades throughout the USA, has announced the opening of a manufacturing and distribution facility in Spartanburg, South Carolina, via a $200 million investment. Milo’s Tea said it grown more than threefold over the past ten years, going from fewer than 50 to nearly […]
India: Kandhari Global Beverages gets approval to acquire Coca-Cola bottling plant
Kandhari Global Beverages has received approval from the Competition Commission of India (CCI) to acquire a Coca-Cola bottling facility in northern Gujarat for 2,000 crore INR ($240 million). According to reports, the transaction supports Coca-Cola’s long-term goal of minimising its direct bottling footprint by placing regulatory compliance in the hands of Indian businesses and bottling […]