USA: Monogram Foods invests $8 million in plant expansion
Monogram Foods, a manufacturer and marketer of packaged value-added foods, has announced it is investing $8 million to expand an existing plant in Martinsville, VA. The company said it intended to use the investment to increase production capacity by 80% to meet rising demand for its ready-to-eat jerky and meat stick snacks. The investment will […]
USA: Sunderstorm acquires e-cigarette firm Abide Brands
Sunderstorm, the US consumer cannabis company, has announced the acquisition of Abide Brands, a Nevada-based e-cigarette specialist, for an undisclosed sum. Abide Brands is the maker of Bounti, which is is described as one of Nevada’s top-selling vape brands It focuses on “artisanal blends” which have reportedly quickly gained a loyal base of “discerning” consumers. […]
Brazil: Kellogg to invest $40 million in Pringles production
Food giant Kellogg has announced plans to invest R$250 million ($40.9 million) to increase production capacity for potato snacks in Brazil. According to an article in Pipeline Valor, the investment will enable Kellogg to double production capacity for the Pringles brand, just five years after it started producing the snacks locally. The brand has reportedly […]
Italy: Barilla to invest €1 billion in expansion bid
Italian food producer Barilla has announced that the company is investing €1 billion ($1.09 billion) in a bid to expand both domestically and internationally. According to an article in Corriere Della Sera, the company is intending to allocate half of the total to its Italian business, boosting its competitive position and assisting efforts at internationalization. […]
Canada: Pernod Ricard to acquire majority stake in Ace Beverage Group
Corby, the Canadian affiliate of wine and spirits multinational Pernod Ricard, has announced that it has signed an agreement to acquire 90% of Ace Beverage Group (ABG), a manufacturer of ready-to-drink alcoholic beverages, for C$148.5 million ($111.8 million). The acquisition will add the Cottage Springs, Ace Hill, Cabana Coast, Liberty Village Beverage and Good Vines […]
Australia: Mars to expand pet food factory
Mars, the leading food multinational, has announced an investment of $112.6 million ($76.3 million) in its pet food facility in Wodonga, in Australia’s Victoria state. According to a report in Inside FMCG, the upgraded 7,800 sq m facility will mostly be dedicated to producing single-serve pouches for the company’s Whiskas, Advance, Optimum and Dine brands, adding a a […]
India: CCL Products acquires coffee brands from Lofbergs
Indian instant coffee maker CCL Products has acquired the Percol, Rocket Fuel, Plantation Wharf, The London Blend, Perk Up and Percol Fusion brands from Food Brands Group, a subsidiary of Swedish coffee firm Lofbergs, for £0.55 million ($0.69. million), according to a report in the Free Press Journal. The deal will give CCL Products access to […]
UK: PepsiCo to invest £58 million in Walkers factory
PepsiCo, the global snacks and drinks giant, has announced an investment of £58 million ($67.3 million) to scale its long-standing facility in the UK city of Leicester. In a statement, the company said the investment would be used to increase production capacity, replace gas-fired ovens with ones runing on renewable electricity, installing compact packaging equipment […]
India: DS Group announces acquisition of confectionery firm The Good Stuff
Dharampal Satyapal Group (DS Group), an Indian conglomerate, has announced the acquisition of The Good Stuff, owner of confectionery brand LuvIt, for an undisclosed amount. The LuvIt brands includes milk chocolate, chocolate-coated wafers, fruit and chocolate-flavoured lollipops, eclairs, sugar-panned chocolates and chocolate snacks. Commenting on the deal, DS Group vice chairman Rajiv Kumar said: “DS […]
UK: Chocolate brand Montezuma’s sold to Paramount Retail Group
Paramount Retail Group (PRG), a UK owner of pet care and food brands, is acquiring all the assets of upscale chocolate maker Montezuma’s, according to a FoodBev report. Commenting on the deal, Ravi Sharma, executive director at PRG, said: “The purchase of Montezuma’s will strengthen our confectionery division offering instant synergies with our existing brands […]