Denmark: Scandza to divest Bisca biscuit brand
Scandza, a diversified Norway-based food and drink firm, has announced it is selling Bisca, a Danish biscuit and cake manufacturer, to Danish private-equity group Erhvervsinvest Management for an undisclosed sum. Established in 1890, Bisca produces goods such as Danish butter cookies, brownie bites, digestive biscuits, oat and wholegrain biscuits, and crackers, and has a production […]
USA: Unilever boosts production capacity for drinks brand Liquid IV
Consumer goods major Unilever has announced plans to invest $80 million to expand its facility in Jefferson City, MO for the manufacture of the functional powder mix Liquid IV. Liquid IV was acquired by Unilever in 2020 with the aim of strengthening the company’s presence in the health and wellness category, and is said to […]
Australia: Nestle to invest A$32 million to upgrade Smithtown factory
Nestle, the Swiss consumer goods giant, has announced an investment of A$32 million ($20.8 million) to upgrade its manufacturing line for powdered drink concentrates in Smithtown, Australia, bringing total investment in the site to A$80 million ($52.7 million) over the last decade. In a statement, the company said the investment would be used to introduce […]
Frank Mertens, Co-founder & Chief Marketing Officer
Go Mate Drinks
Gama spoke to Frank Mertens, Co-founder & Chief Marketing Officer at Go Mate Drinks. What are the key success factors in creating a new retail drinks brand? It all starts with an intimate understanding of your consumer and making sure that they love your liquid. There are so many options across all types of drinks […]
USA: Del Monte Foods announces closure of two canned vegetable plants
Del Monte Foods, a subsidiary of consumer goods major Del Monte Pacific, has announced plans to close a green bean manufacturing plant in Markesan, WI and a tinned sweetcorn and peas plant in Toppenish, WA, according to reports in Just Food and Food Business News. The closures are said to be expected by the end […]
India: Conagra Brands to divest controlling stake in Agro Tech Foods
Conagra Brands, a leading US food manufacturer, has announced that its subsidiary has entered into an agreement with funds advised by Convergent Finance and Samara Capital to divest its 51.8% ownership stake in Agro Tech Foods, a food company based in Mumbai, India. Agro Tech Foods is a manufacturer of ready-to-cook snacks, ready-to-eat snacks, spreads […]
India: Coca-Cola invests $42 million in Madhya Pradesh
Hindustan Coca-Cola Beverages (HCCB), Coca-Cola’s Indian subsidiary, has announced plans to invest 350 crore INR ($42.52 million) to set up two manufacturing lines at its plant in Rajgarh, in India’s Maharashtra state. In a statement, HCCB reportedly revealed the new lines will produce low-cost small sparkling packs (ASSPs) and juice cartons. Commenting on the move, […]
Pakistan: Fauji Foods acquires Fauji Infraveast Foods to consolidate cereal, dairy brands
Fauji Foods Limited (FFL), a Pakistani maker of dairy products, has announced the acquisition of the entire equity stake of its parent company Fauji Foundation in Fauji Infraveast Foods Limited and its cereals business under the brand name Fauji Cereals, to expand its product portfolio and market reach. In a filing with the Pakistan Stock […]
Germany: Vegan Food Group announces acquisition of Tofutown
Vegan Food Group (previously known as VFC Foods) has announced that it has entered into an agreement to acquire Tofutown, a German-based manufacturer of plant-based foods with annual revenues of €60 million ($64 million). Founded in 1989, Tofutown is described as a large-scale supplier of natural, organic tofu, spreads and meat alternatives in the EU. […]
Italy: Coca-Cola HBC invests €42 million in Abruzzo plant
Coca‑Cola HBC, the leading Coca-Cola bottler in Italy, has announced plans to invest €42 million ($45 million) to add two canning lines at its Oricola facility in Abruzzo. According to the company, It is the first time in the plant’s history that it will produce cans, as it has previously focused on recycled plastic products […]