USA: Del Monte Pacific to close and sell facilities
Del Monte Pacific, a leading fruit and vegetable processor, has announced plans to divest production facilities of its US subsidiary Del Monte Foods, including the closure of two production facilities and the sale of another. The facilities to be closed are located at Sleepy Eye, MN and Mendota, IL, where production is set to cease […]
USA: Target launches Good & Gather brand
Target, the US grocery retailer, has announced the introduction of Good & Gather, which it described as its largest private label brand for food and drinks. The new flagship brand will offer a wide range of food and beverage products that “prioritise taste, quality ingredients and ease, at a great value”, the company claimed in […]
UK: Greene King to be sold to CK Asset Holdings
CK Asset Holdings, a Hong Kong private equity company, has agreed a deal to acquire Greene King, Britain’s largest pub and brewery company, in a deal worth £4.6 billion ($5.6 billion), according to a Reuters report. CK Asset Holdings is said to be paying £2.7 billion ($3.3 billion) for the beer firm, in addition to […]
Japan: Kirin forays into supplements with 30% stake in Fancl
Kirin, Japan’s second-largest brewer, has announced it is foraying further into the health and beauty space with the ¥129.3 billion ($1.22 billion) acquisition of a 30.3% stake in cosmetics and health food maker Fancl, according to a report in the Nikkei Asian Review. The alliance between the two firms will reportedly focus on the joint […]
Ireland: Hershey announces investment in Fulfil
Hershey, the US confectionery and snacks firm, has announced a minority investment in the Ireland-based functional food firm Fulfil via its C7 Ventures arm. Founded in 2016, Fulfil produces vitamin-fortified, high-protein, low-sugar nutrition bars made from ingredients such as soy, whey protein and chocolate, which it markets in the UK and Ireland. Commenting on the […]
UK: Danone launches Activia Live Culture Smoothies
The UK arm of French dairy multinational Danone is expanding into the smoothies category with the launch of Danone Activia Live Culture Smoothies. The new no added sugar drinks are said to contain a mix of yoghurt, fruit and vegetables including live bacterial cultures, and to be a source of protein, calcium and fibre. An […]
Egypt: Dina Farms invests to expand dairy operations
Dina Farms, a Qalaa Holdings subsidiary and the largest private sector farm in Egypt, has announced an investment of $24.4 million in its dairy farm and related businesses over the coming three years in order to expand production, according to a report in Food Business Africa. The company’s plans are said to include the setting […]
USA: Smithfield Foods launches Pure Farmland plant-based range
Smithfield Foods, the US meat processor, has announced it is venturing into plant-based foods with the launch of a new brand range called Pure Farmland. The Pure Farmland line comes as meat-free breakfast patties, meatballs, burger patties, and pre-seasoned protein starters, designed to help consumers “grow their plant-based protein options for all meal occasions, including […]
Malysia: Ajinomoto to invest in halal foods plant
The Malaysian division of Japanese seasoning firms Ajinomoto is set to invest 355 million MYR ($84.62 million) to build a new production plant for halal foods on a plot of land located in Seremban, in Negeri Sembilan, according to a report in The Edge Markets. The company is said to have recently acquired the freehold […]
Indonesia: Nestle invests in factory expansion
Consumer goods giant Nestle has announced the expansion of three factories in Indonesia through a $100 million investment. Upgrades to the three factories, located in Karawang (West Java), Kejayan (East Java) and Panjang (Lampung) will increase Nestle’s current production capacity in the country by 25%, the company said. “We recognize an increasingly conducive business opportunity […]