USA: Ampro Industries buys Keystone Laboratories brands
Ampro Industries, a US-based manufacturer of multicultural hair, skin, and personal care products, has announced the acquisition of several personal care brands from Keystone Laboratories, according to a Global Cosmetic Industry report . The products being acquired are said to include the conditioner Long Aid, Ultra Glow skin cream, Better Braids shampoo, Better Locks hair […]
Spain: Belourthe acquires baby food business from Cerealto Siro
Belourthe, a Belgian based company specialized in the manufacturing of infant cereals, has announced it has reached an agreement to buy the baby food business of Cerealto Siro, a food multinational based in Madrid, Spain, for an undisclosed sum. The deal includes the Nutriceal brand of baby foods including cereals, purees and biscuits. Founded in […]
Netherlands: Jumbo acquires Agrimarkt chain
Jumbo, the Dutch grocery retailer, has announced it has agreed a deal to acquire the Agrimakt retail chain from the agricultural cooperative CZAV for an undisclosed sum. Agrimarkt operates a network of six stores in Goes, Middelharnis, Roosendaal, Vlissingen, Oud-Beijerland and Terneuzen in the south-western Netherlands, employing around 360 staff. Commenting on the proposed deal, […]
Tariq Ahmed Al Wahedi, Chief Executive Officer,
Agthia Group
Gama spoke to Tariq Ahmed Al Wahedi, Chief Executive Officer, Agthia Group. What overarching trends do you expect to shape drinks and food innovation in 2020-21? “Consumers no longer accept products as they traditionally did – they want ‘value-added’ products that are convenient, healthier and benefit their lifestyles. Recent industry reports have shown that the […]
UK: Ralex Brands buys Wow Drinks
Ralex Brands, which owns the aloe juice brand Simplee Aloe, has acquired fellow London-based drinks business Wow Drinks, for an undisclosed “seven-figure” sum, according to a report in Just Drinks. Founded in 2015, Wow Drinks markets a range of cold-pressed drinks labeled Nutrition, Restore and Balance. It is also launching a cannabidiol-enhanced peach tea and a product […]
UK: Warburtons to close Newburn plant
Warburtons, the leading UK baking firm, has announced plans to close a plant at its Newburn bakery in Newcastle upon Tyne with the loss of up to 118 jobs, according to a report in the Evening Chronicle. Operational since 1989, the Newburn facility employs around 100 staff in its traditional bakery. It also has a separate ‘free […]
USA: Campbell Soup to offload Kelsen Group
Campbell Soup, the leading US food manufacturer, has announced it has signed a definitive agreement to sell the Kelsen Group, a biscuit company that is part of the Campbell International business. to a Ferrero affiliated firm for $300 million. The company said the deal would enable it to reduce its debt burden, adding that the process is now […]
France: Colgate-Palmolive expands in premium skin care with Filorga buy
Colgate-Palmolive, the household and personal care giant, has announced it has signed an agreement to acquire the Filorga skin care business for an equity purchase price of €1.496 billion (approximately $1.690 billion). The US firm said the deal, which is expected to close in the third quarter of 2019, was part of its strategy to focus […]
China: Nissin plans new plant
Nissin, the instant noodle maker, has announced its plans to invest 180 million CYN ($26.19 million) to build a new production plant in Zhuhai, southern China, for the manufacturing of packaging materials. The company said the investment would facilitate its business growth and development in Hong Kong and the rest of China. The plant is […]
UK: Unilever agrees to buy 75% of Romanian brand FruFru
Unilever, the consumer goods giant, has agreed a deal to acquire a 75% stake in the Romanian firm Good People, which markets a range of health-oriented food under the FruFru brand, according to reports in Just Food and the Romanian media. Founded in 2006, Good People is described as the first “fresh, healthy” food concept […]