India: ITC acquires Prasuma to expand in frozen foods
ITC, the Indian conglomerate, has announced that it has entered into an agreement to acquire Prasuma, a leading player in frozen, chilled and ready to cook foods, over a period of three years. Prasuma is described as a specialist in Oriental cuisine offering a diverse range of over 170+ products under the Prasuma, Meatigo and […]
Netherlands: Migros sells SoFine tofu brand to New Originals
Migros, the leading Swiss retailer, has announced plans to sell its meat alternative brand SoFine to The New Originals Company, a leading European tofu producer. Founded in 1963, SoFine makes tofu and soy-based products and has a manufacturing site in Landgraaf, Netherlands. It specialises in organic, and GMO-free products under the SoFine and ProLaterre brands, […]
USA: JM Smucker to offload Cloverhill and Big Texas brands to JTM Foods
US food and beverages manufacturer JM Smucker has announced that it has entered into an agreement to sell its Cloverhill and Big Texas bakery brands, as well as certain private-label products, to ready meals firm JTM Foods for $40 million. As part of the deal, relevant trademarks and licences, the company’s manufacturing facility in Chicago […]
UK: Dean’s of Huntly to acquire Duncan’s of Deeside
UK-based bakery business Dean’s of Huntly has announced the acquisition of shortbread specialist Duncan’s of Deeside for an undisclosed sum, according to report in Just Food and British Baker The deal aims to increase Dean’s of Huntly’s market share in the premium shortbread sector. Commenting on the deal, Dean’s of Huntly managing director Bill Dean said: […]
UK: Unilever to close ice cream facility in Bulgaria
Unilever, the multinational consumer goods giant, has announced plans to close its ice cream facility in Bulgaria and move part of the production to Romania. The closure comes after Unilever announced plans to spin off its ice-cream division, which generates nearly €8 billion ($8.3 billion) in annual sales, by the end of the year. “This move […]
USA: Cargill to close turkey facility in Arkansas
Cargill, the global food and agribusiness firm, has announced the closure of its turkey processing plant in Springdale (AR), effective as of 1st August. Built in 1965, the Springdale plant produces fresh and frozen whole turkeys, bone-in turkey breasts and case-ready turkey products. “This was not an easy decision to make given the impact on […]
India: Adani Wilmar starts operations at Haryana food processing plant
India-based food firm Adani Wilmar has started operations at its new food processing plant in Gohana, Haryana, with an initial shipment of 100 tonnes of rice. Spanning 85 acres and built with an investment of INR 1,298 crore ($149 million), the facility reportedly features advanced technology and is projected to produce 627,000 tons annually, including 200,000 […]
USA: Tiger Brands to sell minority stake in Empresas Carozzi
South African consumer goods firm Tiger Brands has announced plans to sell its minority stake in Empresas Carozzi, a Chilean food and drinks manufacturer, to Carozzi, which already has a 75.61% share in the company. Founded 126 years ago, Empresas Carozzi produces grains, confectionery, sauces, baked goods, beverages, ice cream, and pet food that are sold […]
China: PepsiCo to build Quaker oats plant in Jiangsu
PepsiCo, the global snacks and drinks giant, has announced plans to build a Quaker Oats production facility in China in collaboration with Jiangsu Rilong Food. Involving an investment of 500 million CNY ($68.6 million), the plant will cover an area of 100,000 sq m and deliver up to 160,000 tonnes of cereal annually. Commenting on the move, […]
Brazil: JBS acquires 50% stake in egg specialist Mantiqueira
Global meat firm JBS has announced the acquisition of a 50% stake in egg specialist Mantiqueira, entering a new product category in the process. Mantiqueira currently has facilities in six Brazilian states but its products are available in ten more and also exported. Its brands include Happy Eggs and Fazenda da Toca. Commenting on the deal, JBS […]