India: Kameda Seika and LT Foods to open cracker factory
Kameda Seika, a Japanese snack firm, is forming a joint venture with LT Foods to produce its flagship crispy rice cracker in the northern Indian state of Haryana, according to a report in the Japan Times. LT Foods is described as a leading local food maker engaged in the milling, processing and marketing of branded […]
USA: Unilever buys Olly Nutrition
Unilever, the consumer goods giant, has announced that it has reached an agreement to acquire Olly Nutrition, a San Francisco headquartered company that makes vitamins, minerals, and supplements. Olly Nutrition is known for its gummy vitamins and supplements, and also sells protein powders and snack bars. Amanda Sourry, president of Unilever North America, commented: “We […]
Canada: Easton Pharmaceuticals completes acquisition of Supreme Sweets
Easton Pharmaceuticals, a healthcare firm based in Ontario, Canada, has announced it has completed its acquisition of bakery firm Supreme Sweets in a cash and stock deal. Supreme Sweets operates a 40,000 sq ft facility in Toronto, where it produces traditional baked goods, including gluten-free and keto products, which it supplies to major grocery chains […]
USA: Mondelez International makes investment in snack firm Hu
Mondelez, the US confectionery, food, and beverage multinational, has announced that it has made a minority investment in Hu Master Holdings, the owner of both Hu Products and Hu Kitchen, described as a fast-growing US-based snacking company. Hu is described as making minimally-processed, paleo-inspired foods with simple, real ingredients and was created by siblings Jason […]
Gama News – March / April 2019
The March / April 2019 edition of Gama News is now available. In this edition: o Insight By Gama Compass: Concerns over waste rising, but plastic still dominating in drinks NPD o Gama Innovation Conference & Awards 2019 o Innovation Insight: Fox’s Double Dough Biscuits CLICK HERE to read it now.
UK: Sainsbury and Asda call off planned merger
Sainsbury and Asda, the two UK retail giants, have announced they have decided to call off their proposed merger after the move was blocked by the UK’s competition watchdog. The BBC reports that the Competition and Markets Authority was concerned the deal would lead to price rises and longer checkout queues. Asda and Sainsbury announced […]
Netherlands: Dr. Oetker acquires plant-based pizza firm Magioni
Dr. Oetker, the leading food multinational, has acquired a majority stake in Magioni, a start-up firm specializing in plant-based pizzas, according to a report in Levensmiddelenkrant. The Magioni product range includes brightly-coloured pizza bases made from cauliflower, beetroot, courgette and pumpkin, which are said to be produced and stretched by hand. As well as prepared […]
India: Tata to acquire branded tea business from Dhunseri
Tata subsidiary Tata Global Beverages, the world’s second largest tea producer, has announced it has reached a deal to acquire the total branded packet tea business of rival Indian firm Dhunseri for a total consideration of 101 crore INR ($14.4 million). The proposed acquisition, which includes the brands Kala Ghora and Lal Ghora, is said […]
Brazil: Nestle to invest $76 million in coffee expansion
Swiss based FMCG giant Nestle has announced plans to invest R$300 million ($75.96 million) in 2019 in a bid to expand its presence in the Brazilian coffee sector. According to UOL Economia, Nestle will use the investment to develop and market 30 new coffee product, including a line of Starbucks branded coffees, roast and ground […]
France: Casino sells stores to Apollo Global Management
Casino, the French supermarket group, has announced that it has signed an agreement with funds managed by affiliates of Apollo Global Management, a private equity firm, to sell it a portfolio of 12 Geant Casino hypermarkets and 20 Monoprix and Casino supermarket properties. The deal for the 32 stores amounts to €470 million ($527 million), […]