Netherlands: Albert Heijn launches plant-based brand
Albert Heijn, the leading Dutch supermarket chain, has announced the launch of a new plant-based line comprising 200 products under the brand AH Terra. The new line-up includes plant-based dairy alternatives for coffee, hummus and vegetable spreads, plant-based cheese and meat alternatives, non-dairy mayonnaise, margarine, snacks, and plant-based shrimp. Commenting on the brand launch, Albert […]
Ireland: Britvic announces £6 million factory investment
Britvic, the UK-based non-alcoholic drinks firm, has announced plans to invest £6 million ($6.84 million) to expand production capacity at its Ballygowan facility in Newcastle West, Ireland, creating 28 new jobs. The investment is intended to expand the site’s production capacity by over 20% to meet increasing demand for Ballygowan mineral water. It will also […]
India: PepsiCo to set up crisp manufacturing plant in Assam
PepsiCo, the global snacks and drinks giant, has announced plans to invest 778 crore INR ($105 million) to set up a manufacturing plant for the Lay’s crisp brand in Nalbari, in India’s Assam state. The project, which will span an area of approximately 44.2 acres, is set to become operational in 2025, with expectations of […]
USA: Kroger and Albertsons to divest over 400 stores following merger
Kroger and Albertsons have announced plans to divest 413 stores to retail supply firm C&S Wholesale Grocers in connection with the proposed merger of the two chains, which was announced last year. The deal involves stores operating under banners such as QFC, Mariano’s, and Carrs. Kroger will also sell private label brands like Debi Lilly […]
Brazil: Nestle to acquire majority stake in Grupo CRM
Swiss FMCG giant Nestle has announced the acquisition of a majority stake in Brazilian chocolate manufacturer Grupo CRM from investment fund Advent International. Grupo CRM is described as operating a successful direct-to-consumer business, with over 1,000 chocolate boutiques under the Kopenhagen and Brasil Cacau brands and a growing online presence. Commenting on the acquisition, Nestle […]
USA: JM Smucker to buy Hostess Brands for $5.6 billion
JM Smucker, a US-based food and beverage company has announced the acquisition of Hostess Brands, a long-established US bakery firm, “to accelerate focus on convenient consumer occasions”. Hostess Brands is a Kansas-based company that markets products under brands such as Hostess, Donettes, Twinkies, CupCakes, Ding Dongs, Zingers, CoffeeCakes, HoHos, and Voortman cookies and wafers. The […]
USA: Kellogg separation gains board approval
Kellogg, the leading cereal and snack maker, has moved a step closer to separating into two distinct business after the proposal was rubber-stamped by the company’s board. Upon completion on 2nd October, Kellogg will be renamed Kellanova and will continue to trade on the New York Stock Exchange under the ticker symbol “K”, while the spun-off […]
Germany: Fuchs expands in Romania
Fuchs, the German spices and seasoning specialist, has announced plans to invest in Romania to expand and upgrade its existing manufacturing assets. In a statement, the company said the investment of more than €14 million ($15 million) would go towards the construction of a new production building with state-of-the-art facilities. The move is intended to […]
USA: 7-Eleven expands to Laos
7-Eleven, the US convenience store chain, has announced a further expansion of its geographic footprint with the opening of its first store in the Southeast Asian country Laos. Located in the capital Vientiane, the outlet is described as featuring 7-Eleven’s “signature retail environment” and as serving a variety of internationally-popular products and beverages including bean-to-cup coffee […]
India: ITC to set up food manufacturing, packaging plants
ITC, the Indian consumer goods giant, has announced plans to invest 1,500 crore INR ($181 million) to set up an integrated food manufacturing and logistics facility and a sustainable packaging manufacturing plant at Sehore in Madhya Pradesh. According to sources, the two projects will span an area of approximately 57 acres. Commenting on the new […]