Brazil: Diageo to build new plant for Ypioca cachaca
Diageo, the leading alcoholic drinks multinational, has announced plans to invest R$100 million ($24 million) to construct a new facility for its Ypioca cachaca brand in north-eastern Brazil, according to a report in Giro News. Located in Itaitinga, in Ceara state, the new plant will bring together manufacturing and administrative operations for the Ypioca brand, […]
South Africa: Coca-Cola Beverages Africa takes majority stake in Eswatini Beverages
Coca-Cola Beverages Africa (CCBA), the leading Coca-Cola bottler on the African continent, is taking a 60% stake in Eswatini Beverages, a soft drinks firm based in Eswatini (formerly Swaziland), according to a report in Food Business Africa. The firm will remain 40% owned by a sovereign wealth fund but will reportedly operate as a subsidiary of […]
Egypt: Lulu to expand store footprint
Lulu, the Abu Dhabi based business conglomerate, has announced plans to invest 1.83 billion AED ($500 million) in the Egyptian market after reaching a series of agreements with authorities in the country, according to a report in Arabian Business. The firm’s expansion plans are said to include six new hypermarkets and four mini markets across the country. Lulu is also reportedly in talks […]
USA: Hain Celestial sells Tilda rice brand to Ebro Foods
Hain Celestial, the natural foods firm, has announced it has agreed a deal to sell its Tilda brand of basmati and speciality rice to the Spanish consumer goods firm Ebro Foods for $342 million in cash. The firm said it was planning to use a portion of the sale proceeds to pay down debt, and […]
USA: Hershey seals $397 million deal to acquire One Brands
Hershey, the US confectionery firm, has announced it has entered into a definitive agreement to acquire One Brands, the maker of a line of low-sugar, high-protein nutrition bars, for a purchase price of $397 million. The chocolate maker said the deal “strengthened its position as a snacking leader” and would “provide a competitive offering of […]
USA: Stonewall Kitchen buys Vermont Village
Stonewall Kitchen, the US speciality foods firm, has announced it has entered into an agreement to acquire the Vermont Village brand of organic applesauce and apple cider vinegar, with the deal expected to close in September. Produced by the Village Cannery of Vermont since 1995, the Vermont Village brand has largely specialized in organic applesauce. More recently […]
USA: Ajinomoto takes majority stake in More Than Gourmet
Ajinomoto, the US seasonings firm, has announced it has taken a 50.1% equity stake in More Than Gourmet (MTG), a US saucemaker, via a strategic partnership with its consolidated subsidiary Ajinomoto Health & Nutrition North America. Most famous for its demi-glace French-style sauce concentrates sold in both retail and foodservice channels, More Than Gourmet has also been […]
Norway: Orkla takes stake in Noi Sirius
Orkla, the Scandinavian consumer goods giant, has announced it has signed an agreement to take a 20% stake in Noi-Sirius, described as Iceland’s leading chocolate and confectionery manufacturer. Established in 1920 and with about 150 employees, Noi Sirius markets chocolate brands such as Sirius, Noa Konfekt, Noa Kropp, Noa Paskaegg and Konsum. While over 70% […]
USA: Simply Good Foods to acquire Quest Nutrition
Simply Good Foods, a branded nutritional and snack foods firm, has announced it has reached an agreement to acquire the functional foods maker Quest Nutrition for $1.0 billion in cash. Quest Nutrition is described as being focused on creating snacks with high protein levels but minimal sugars and net carbohydrates. The firm’s product lineup includes […]
USA: Mayorga Organics plans new coffee plant
Mayorga Organics, an independently owned and operated company specializing in organic coffee, has announced plans to open a new 33,000 sq ft facility in Miami, FL. The company said the new site would work in conjunction with an existing facility in Rockville, MD to provide distribution of coffee, chia, and other organic products across the […]