USA: B&G Foods sells Green Giant canned vegetable portfolio to Seneca Foods
B&G Foods, the US-based ambient and frozen foods firm, has announced that it has sold its Green Giant US shelf-stable vegetable product line to peer Seneca Foods for an undisclosed sum. The divestment will see B&G Foods retain ownership of Green Giant trademarks, and license the brand name to Seneca Foods for shelf-stable products. The […]
Australia: Australian Beer acquires Ampersand Projects
Australian Beer (ABCo), a brewing firm that is part of the Casella Family Brands group, has announced the acquisition of Ampersand Projects, Australia’s leading independent spirit company, for an undisclosed sum. The deal strengthens ABCo’s position in spirits and flavoured alcoholic beverages (FABs), while also allowing Ampersand Projects full access to ABCo’s capabilities and resources. […]
Australia: Good Earth Dairy to open camel milk facility
Good Earth Dairy, an Australia commercial camel milk producer, has secured a government grant to support construction of a fresh and powdered camel milk processing facility in Perth, according to a report in Business News Australia. The A$20 million ($14.2 million) project aims to establishing Australia’s first dairy facility exclusively for camel milk products, generating […]
USA: Treasury Wine Estates to acquire DAOU Vineyards for $900 million
Treasury Wine Estates (TWE), the Australian wine giant, has reached an agreement to acquire DAOU Vineyards, a US luxury wine brand, for $900 million. The acquisition includes the DAOU brand, DAOU Mountain Estate, four boutique luxury wineries and around 400 acres of vineyards. Commenting on the acquisition, Treasury Americas president Ben Dollard said: “We’re really […]
Global FMCG leaders reconnect in Manchester for the Gama Innovation Conference & Awards 2023
MANCHESTER – 7th November 2023: Inspiration and connection were once again to the fore as over 300 fast-moving consumer goods (FMCG) professionals from all around the world came together on Thursday 19th October for the eighth edition of the Gama Innovation Conference & Awards (GICA) at The Bridgewater Hall in Manchester. Held once again as a hybrid event, GICA […]
Switzerland: Hero to close jam factory
Hero, the Swiss preserves, snacks, and infant nutrition manufacturer, has announced plans to close its jam-making factory in Lenzburg, Switzerland, where the firm also has its headquarters. The decision was taken by the board after employee proposals submitted during the consultation period did not provide a viable alternative, the company said in a statement. The plant […]
Ireland: Ornua investing €40 million at butter production facility
Ornua, the Irish dairy cooperative, has announced a €40 million ($44 million) development at Kerrygold Park, its butter production facility in Mitchelstown, Ireland. This investment will increase Kerrygold Park’s annual processing capacity to 80,000 tonnes of butter, equivalent to over 1 million packs daily. Commenting on the move, Ornua co-operative chair Aidan O’Driscoll said: “We […]
UK: Premier Foods acquires breakfast foods brand Fuel10k
UK food manufacturer Premier Foods has announced the acquisition of breakfast brand Fuel10K in a deal worth £34 million ($41.2 million). The Fuel10k range includes granola, porridge, biscuits, and high-protein snacks, and has reportedly recorded strong double-digit revenue growth over the last three years. Commenting on the acquisition, Premier Foods chief executive officer Alex Whitehouse […]
USA: Keurig Dr Pepper to invest $100 million in coffee plant expansion
Keurig Dr Pepper, the soft drinks and coffee firm, has announced plans to invest $100 million to expand its coffee roasting facility in Spartanburg County, South Carolina, generating more than 250 new jobs by 2027. The facility, which was opened two years ago with an initial $380 million investment, is focused on roasting and packaging […]
Ireland: Amber Beverage Group to invest €35 million in new whiskey distillery
Global spirits firm Amber Beverage Group (ABG) has announced plans to invest €35 million ($35.9 million) in a new distillery for its Walsh whiskey business in Dunleckney, Ireland. The new facility will become the home for the premium brand Writers’ Tears and The Irishman, and is expected to reach a production capacity of 4 million […]