USA: Chobani to invest $1.2 billion in manufacturing capacity
Chobani, the Greek yoghurt specialist, has announced plans to invest $1.2 billion in upstate New York to build its third US dairy processing plant. The new plant, under construction on a 150-acre site, will cover 1.4 million sq ft and is expected to help Chobani drive innovation and meet growing demand. The site will have the […]
India: Reliance Consumer Products to set up bottling plant in Bihar
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced plans to invest 1,000 crore INR ($117 million ) to set up a new bottling plant in Begusarai, in India’s Bihar state. The upcoming facility, covering 35 acres and developed by Campa Cola manufacturer and distributor EPIC Agro Product Ltd, […]
USA: Hershey inaugurates chocolate processing plant
Hershey, the US confectionery and snacks firm, has inaugurated a new chocolate processing facility, which stands as both its first fully integrated digital plant and the first manufacturing site added to its headquarters in more than 30 years. Situated on a 55-acre site next to the Hershey Technical Centre and the current Reese’s manufacturing plant, […]
India: ITC to acquire 24 Mantra Organic brand
ITC, the Indian conglomerate, has announced that it has entered into a share purchase agreement to acquire 100% of the shares of Sresta Natural Bioproducts (SNBPL), the company behind organic food and drink brand 24 Mantra Organic, for 472.5 crore INR ($56.7 million). SNBPL offers over 200 products from staples to juices and ready-to-cook foods, ITC […]
India: Godrej expands into pet food with Ninja brand launch
Godrej, one of India’s leading home and personal care companies, has announced its first foray into pet food with the launch of the Godrej Ninja brand. Backed by a 500 crore INR ($60 million) investment over five years, Godrej Ninja is a dry dog food developed at the Nadir Godrej Centre, featuring probiotics, prebiotics and polyphenols for gut […]
Germany: Harry-Brot to acquire Rewe subsidiary Glockenbrot
German bakery firm Harry-Brot has received approval from Germany’s national competition regulator to acquire Glockenbrot, a subsidiary of the retail group Rewe, as well as the company’s bakery in Bergkirchen, Bavaria. Glockenbrot, which has been owned by Rewe since 1986, operated bakeries in Bergkirchen and Frankfurt. Rewe shut the Frankfurt site before selling Bergkirchen to […]
Colombia: Jeronimo Martins to acquire 75 Colsubsidio supermarkets
Portuguese retailer Jeronimo Martins has received approval from Colombia’s antitrust authority to acquire 75 Colsubsidio supermarkets to boost its presence in Colombia to more than 1,500 outlets. In November last year, Colsubsidio announced that it would close all 104 of its stores by December due to declining performance and increased competition. The newly acquired stores […]
UK: Muller to acquire Biotiful Gut Health
Muller, the UK’s largest milk supplier and distributor, has announced it has agreed to acquire kefir brand Biotiful Gut Health, as it seeks to establish a presence in the functional health yoghurt and drinks segment. Founded in 2012, Biotiful produces a range of kefir and natural gut health products. Commenting on the deal, Muller’s yogurt […]
India: Nestle to set up factory in Odisha with $100 million investment
The Indian arm of Swiss consumer goods giant Nestle has announced that it has laid the foundation stone for a new factory in Odisha, with an investment of 900 crore INR ($108 million). This new facility, Nestle India’s tenth in the country, will focus on producing food items such as ready-to-eat meals and culinary aids. Commenting on […]
UK: Eurovo to acquire majority stake in Two Chicks
Italian egg producer Eurovo has announced the acquisition of a majority stake in UK-based liquid egg white brand Two Chicks for an undisclosed sum. Founded in 2007, Two Chicks is claimed to be the first company to launch liquid egg whites in UK retail. Eurovo supplies eggs and egg products to over 5,000 customers in […]