Spain: Lidl to invest €140 million in new logistics hub
Lidl, the German retail giant, has announced it will invest €140 million ($152 million) to construct its largest logistics hub to date in Spain. Set for completion by mid-2024 and due to open in 2025, the new warehouse will be built in Martorell, near Barcelona, on a 126,000 square metre plot, complementing the retailer’s existing […]
China: Henkel opens Asia R&D centre
Henkel, the Germany-based personal and household care giant, has officially inaugurated a new research & development (R&D) centre in Shanghai, China to serve the Asian market. The facility will draw on insights from 11 markets and aims to facilitate flexible product innovation for brands such as Schwarzkopf and Syoss. Covering an area of more than 2,500 sq […]
Germany: Boettger Gruppe acquires Jahnke Susswaren
Germany confectionery firm Boettger Gruppe has announced the acquisition of Jahnke Susswaren, a specialist in liquorice sweets, from peer Ragolds Invest for an undisclosed sum. Boettger Gruppe owns Cavendish & Harvey, described as the world’s leading manufacturer of high-quality tinned and jarred hard candies, with sales in over 100 countries. It noted the brand’s growth […]
France: Bridgepoint moves for anti-aging brand RoC Skincare
Private equity fund Bridgepoint has announced it is acquiring the toiletries brand RoC Skincare from existing backer Gryphon Investors for an undisclosed sum. Founded in France in 1957, RoC Skincare is described as one of the world’s largest independent skincare brands, offering “clinically proven, dermatologist-backed” products with a focus on ageing skin. RoC Skincare is said to […]
USA: Tyson Foods opens new bacon facility in Kentucky
Tyson Foods, the leading US meat firm, has announced the opening of a $355 million facility in Bowling Green, KY to support the expansion of its bacon production capabilities. The 400,000 sq ft factory is expected to manufacture 2 million pounds of Jimmy Dean and Wright Brand bacon products for retail and food service every week. […]
France: Casino to sell 288 stores to Auchan and Les Mousquetaires
Casino, the leading French retail group, has announced it has reached an agreement to sell 288 stores and assoicated service stations to peers Auchan and Les Mousquetaires for an enterprise value of around €1.3 billion ($1.4 billion) Negotiations started last December with Casino aiming to sell almost all of its supermarkets and hypermarkets as part […]
Canada: Prime Drink Group to acquire Triani
Prime Drink Group, a Quebec-based drinks company, has announced it has entered into an agreement to acquire Triani, a manufacturer and distributor of alcoholic and non-alcoholic beverages, for C$38 million ($30.1 million). Founded in 2015, Triani is known for the Cantini, Ettaro and Enjoy wine brands. It also produces and markets Octane, Mojo, Baron, and […]
Germany: Oettinger in deal for JoyBrau functional beer brand
Oettinger, the German brewer, has announced it is acquiring JoyBrau, a brand of non-alcoholic beer known for its functional benefits. Launched in 2016, JoyBrau is most famous for its high-protein drinks, but also markets a beer with added vitamins and another with caffeine and guarana for energy benefits. “JoyBräu is maximizing well-beering around the globe by […]
UK: Haleon sells ChapStick lip balm brand
Yellow Wood Partners, a private equity firm based in Boston, USA, has announced that its portfolio company Suave Brands has signed a binding offer to acquire the lip balm brand ChapStick from Haleon, a consumer healthcare firm, for €468 million ($519.6 million). ChapStick lip balm first debuted in the 1880s and later diversified its product […]
Italy: Galup acquires Golosi di Salute
Italian bakery firm Galup has acquired Golosi di Salute, a manufacturer of cakes, biscuits, desserts and confectionery based in Monticello d’Alba, in Italy’s Piedmont region, according to reports in Distribuzione Moderna and ANSA. Golosi di Salute was founded in 2005 and is said to be particularly known for its use of “unconventional” ingredients including kamut, […]