Finland: Valio acquires Raisio’s plant protein business
Valio, the Finnish dairy company, has announced that it is acquiring the plant protein business of food business Raisio. The deal, valued at €7 million ($7.28 million), includes production equipment at Raisio’s plant protein factory in Kauhava, Finland, as well as the Harkis and Beanit brands. Commenting on the deal, Valio senior vice president Kimmo […]
Ireland: Lidl to invest €600 million in new stores, distribution centre
Lidl, the German retail giant, has announced that it will invest €600 million ($625 million) to open 35 new stores and a regional distribution centre in Ireland over the next five years. As a part of the programme, the retailer plans to open 12 stores over the next 12 months and invest €200 million ($208 […]
India: Reliance Consumer Products acquires Velvette
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced the acquisition of personal care brand Velvette. Founded in 1980 as a brand of Sujatha Biotech, the Velvette brand is described as being the first to introduce PVC shampoo sachets. The brand’s manufacturing unit is in Kashipur, Uttarakhand. Commenting on the move, […]
India: Bajaj Consumer Care acquires Vishal Personal Care
Bajaj Consumer Care, a leading Indian hair care manufacturer, has announced the acquisition of Vishal Personal Care, which operates under the Banjara’s hair and skincare brand, for 108.3 crore INR ($13 million). Founded in 1991 in Hyderabad, Banjara is known for its natural solutions with a product portfolio that includes facial kits, herbal powders, and shampoos and […]
UK: Meatly launches ‘world’s first’ cultivated pet food
Meatly, a UK-based cultivated meat company, has announced what it claims is the world’s first launch of cultivated pet food in collaboration with pet food brand The Pack. Chick Bites, which is being launched in Pets At Home stores from this February, is described as a blend of plant-based ingredients with Meatly’s cultivated chicken. Meatly […]
Germany: Henkel to divest its retailer brands business in North America
Henkel, the Germany-based personal and household care giant, has announced it has entered into an agreement to sell its Retailer Brands business in North America to an affiliate of First Quality Enterprises, a manufacturer and distributor of hygiene, paper, and packaging products. Henkel said it deemed the Retailer Brands business non-core within the Consumer Brands […]
France: Jay&Joy acquires Les Nouveaux Affineurs
Jay&Joy, a French company specialising in plant-based cheese alternatives, has announced it has acquired its peer Les Nouveaux Affineurs, as well as securing a €2 million ($2.1 million) funding round to support the deal. As part of the acquisition, Jay&Joy will take over a production site in Ivry-sur-Seine, doubling its capacity. It will join its existing portfolio of […]
India: Amul to set up world’s largest curd plant in Kolkata
GCMMF, India’s biggest dairy cooperative, has announced plans to build the world’s largest curd manufacturing plant in Kolkata with an investment of 600 crore INR ($66 million). GCMMF, which sells dairy products under the Amul brand, is the world’s biggest farmer-owned dairy cooperative, with 3.6 million farmers in 18,600 Gujarat villages. It collects 30 million […]
India: ITC acquires Prasuma to expand in frozen foods
ITC, the Indian conglomerate, has announced that it has entered into an agreement to acquire Prasuma, a leading player in frozen, chilled and ready to cook foods, over a period of three years. Prasuma is described as a specialist in Oriental cuisine offering a diverse range of over 170+ products under the Prasuma, Meatigo and […]
Netherlands: Migros sells SoFine tofu brand to New Originals
Migros, the leading Swiss retailer, has announced plans to sell its meat alternative brand SoFine to The New Originals Company, a leading European tofu producer. Founded in 1963, SoFine makes tofu and soy-based products and has a manufacturing site in Landgraaf, Netherlands. It specialises in organic, and GMO-free products under the SoFine and ProLaterre brands, […]