South Africa: PepsiCo invests $41 million in snack factory
PepsiCo, the global snacks and drinks giant, has announced the company has invested 746 million ZAR ($41 million) to add a new state-of-the-art potato crisp production line to its factory in Johannesburg, South Africa. The new line is intended to ease the burden on PepsiCo’s existing four potato crisp lines across in South Africa, all of which are said […]
Dairy turning away from low fat claims, formulations
Insight by Gama Compass MANCHESTER – 3rd December 2024: Low fat claims and formulations have been declining in new dairy products over recent years, the latest insights from Gama Compass can reveal, highlighting that the trend towards ‘better-for-you’ options in food and drinks, although undoubtedly significant, is far from universal or one-dimensional. While ‘health’ continues to grab the […]
Canada: Prime Drink Group agrees to acquire Beach Day Every Day
Prime Drink Group, a Canadian company that markets beer and spirits brands, has announced it has signed a letter of intent to acquire all the issued and outstanding common shares of Prime Capital Investments Inc, the Quebec-based company that owns the Beach Day Every Day malt beverage brand. Beach Day Every Day is a canned flavoured […]
UK: Tesco to expand convenience store network
Tesco, the UK’s leading supermarket retailer, has announced plans to expand its convenience store footprint with the opening of 150 new Tesco Express outlets over the next three years. The new openings are set to create 2,000 jobs and build on the existing Tesco Express network, which currently numbers over 2,700 stores. To mark the […]
Nigeria: JBS announces $2.5 billion investment
JBS, the global meat company, has announced plans to invest $2.5 billion in Nigeria over the next five years to built one pork, two beef and three poultry meatpacking facilities. The company said the project would focus on promoting sustainable agricultural practices , similar to similar initiatives in other regions Commenting on the move, JBS Global […]
South Korea: CJ CheilJedang to build new factory in Hungary
CJ CheilJedDang (CJCJ), the leading South Korean food firm, has announced plans to build a new food manufacturing facility in Europe via an investments of 100 billion KRW ($72 million). CJCJ reported that it had already secured a site for its new European K-Food factory in Dunavarsany, Hungary. The plant, covering an area of 115,000 […]
UK: Coca-Cola Europacific Partners to invest £42.3 million in Wakefield facility
Coca-Cola Europacific Partners (CCEP), the UK-based Coca-Cola bottler, has announced an investment of £42.3 million ($53.1 million) in its facility in Wakefield, UK. The investment is for a new automated storage retrieval system (ASRS) that will more than double current warehouse capacity to over 58,000 pallets, and reduce annual vehicle journeys by 18,500. In total, the facility […]
South Africa: Tiger Brands to sell Baby Wellbeing business
South African consumer goods firm Tiger Brands has announced the sale of its Baby Wellbeing business in a deal valued at 605 million ZAR ($33.4 million), according to a Reuters report. The Baby Wellbeing business comprises baby toiletries under the Elizabeth Anne’s brand name and medicinal products including antacid Muthi Wenyoni, Telament colic drops, and […]
USA: General Mills to acquire pet food brands Tiki Pets and Cloud Star
US food giant General Mills has announced that it has reached an agreement to acquire the Tiki Pets and Cloud Star food brands, part of investment firm’s NXMH’s Whitebridge Pet Brands business, for $1.45 billion. As part of the transaction, General Mills will take over two manufacturing facilities in Joplin (MO), while NXMH will retain […]
USA: PepsiCo to acquire full ownership of Sabra and Obela
FMCG giant PepsiCo has reached an agreement to acquire the remaining 50% of Safra and Obela and take full ownership of both companies. PepsiCo said the move would allow it to accelerate innovation in fresh dips and spreads to meet growing consumer demand. Created between 2008 and 2012, Sabra and Obela are 50/50 joint ventures […]