USA: Hershey to expand Virginia plant
Hershey, the leading US confectionery firm, is investing $104 million to expand a production plant in Augusta County, VA, USA, according to a report in Area Development. Once expanded by 111,000 sq ft, the site will reportedly create 65 new jobs and be able to produce penuche (fudge-like confectionery) and peanut cream for distribution to other […]
Italy: Auchan divests subsidiary to Conad
Auchan, the French grocery retailer, is selling the entirety of its Italian subsidiary Auchan Retail Italia to the local retail cooperative Conad, according to a Reuters report. Auchan generated around €3.6 billion ($4.1 billion) in revenue from its 1,600-strong Italian store network last year. Commenting on the deal, an Auchan spokesperson is quoted as saying: “The […]
Germany: Beiersdorf buys Coppertone suncare brand
Beiersdorf, the German personal care heavyweight, has announced it has reached a deal to acquire the Coppertone suncare brand from chemicals firm Bayer for a purchase price of $550 million. Founded in 1944, Coppertone is described as the first sun care brand launched in the US market, and its product range is currently distributed in the […]
USA: Tyson Foods plans $300 million Utah production plant
Tyson Fresh Meats, a subsidiary of meat firm Tyson Foods, is investing almost $300 million to build a new meat production plant in Utah, USA, according to media reports. The new unit, which is to be built in the Salt Lake City area, will reportedly be a 400,000-square-foot case-ready plant which will take large cuts […]
UK: Fonterra sells Tip Top ice cream business to Froneri
Froneri, the ice cream joint venture of Nestle and R&R ice cream, has announced it has agreed to acquire the New Zealand ice cream business Tip Top from global dairy co-operative Fonterra for 380 million NZD ($250 million). The Tip Top name and its operations, including the Auckland based factory site at Mount Wellington will […]
USA: Hain Celestial agrees to sell Hain Pure Protein
Hain Celestial, a North American organic and natural products company, has announced that it has entered into a definitive agreement to sell all of its equity interest in Hain Pure Protein Corporation, which includes the FreeBird and Empire Kosher businesses, to investment fund Aterian Investment Partners for $80 million. Empire Kosher is a brand of […]
USA: Conagra Brands unveils Reddi-Wip coffee creamer
Conagra Brands, the leading US food manufacturer, has announced it is expanding its Reddi-Wip whipped topping brand into the coffee creamer category with the launch of its new Barista Series of cream-based products. The company said its new Nitro Creamer and Sweet Foam products were designed to give consumers a coffeehouse experiences any time of […]
USA: Fazer rolls out Nordic-inspired chocolate
Fazer, the Finnish bakery and confectionery firm, has announced the introduction of a new line of chocolate for the US market under the brand Nordi. Launching into the New York metropolitan area, the Nordi chocolate line is described as being made with 70% cocoa and comprises the varieties Sea Buckthorn & Salty Caramel, Hazelnut and […]
USA: Hain Celestial sells WestSoy plant-based protein business
Hain Celestial, an organic and natural products company with operations in North America, Europe, Asia and the Middle East, has announced that it has completed the divestiture of its WestSoy tofu, seitan and tempeh businesses to Keystone Natural Holdings, a portfolio company of Keystone Capital focusing on plant based food, for an undisclosed sum. Commenting […]
Concern over waste rising, but plastic still dominating in drinks NPD
Insight by Gama Compass MANCHESTER – 9th May 2019: Plastic bottles are still the dominant format for non-alcoholic drinks products launched worldwide, accounting for over half of all new launches hitting the market, the latest study from Gama has found. Yet consumer goods companies are under pressure like never before to reduce or mitigate their use of […]