USA: Hormel Foods to sell CytoSport to PepsiCo
US food company Hormel Foods has announced it has agreed to sell its CytoSport sports nutrition business to fellow US consumer goods firm PepsiCo for an undisclosed sum. Hormel Foods acquired CytoSport, which markets the Muscle Milk and Evolve Protein range of protein powders, shakes and bars, in 2014 for approximately $450 million. Commenting on the […]
Brazil: Kimberly-Clark to close plant in Rio Grande do Sul
US based household paper firm Kimberly-Clark has announced its intention to close its plant in Eldorado do Sul, Rio Grande do Sul, Brazil. The closure is part of a restructuring plan announced in 2018. According to Jornal do Comercio, 260 direct and indirect jobs will be affected by the decision, which is linked to Kimberly-Clark’s […]
USA: Unilever buys detergent brand The Laundress
Leading consumer goods firm Unilever has announced it has acquired The Laundress, a premium-positioned eco-friendly line of detergent, fabric care, and home cleaning products based in New York, USA. Founded in 2004 , The Laundress is described as being “dedicated to turning necessary household chores into a luxurious and enjoyable experience”. The firm’s product line […]
UK: GlaxoSmithKline and Pfizer to merge consumer health businesses
Leading healthcare and pharmaceuticals firm GlaxoSmithKline (GSK) and Pfizer have announced plans to merge their respective consumer health businesses in a move that will see GSK separate to create two new global companies. GSK said it would have a majority controlling equity interest of 68% in the joint venture, which has combined sales of approximately £9.8 billion ($12.7 […]
France: Clarins to launch natural brand My Clarins
Clarins, the French toiletries giant, is launching a new brand of natural toiletries in France and the UK under the My Clarins brand. According to a report in Cosmetics Business, the new line will target the 18 to 29 year old age bracket and will initially consist of nine products. Available from January 2019, the […]
Switzerland: Migros acquires Topwell pharmacy chain
Migros, the leading Swiss grocery retailer, is expanding in the healthcare space with the acquisition of the Topwell pharmacy chain via its subsidiary MedBase. Topwell is described as Switzerland’s oldest pharmacy chain and operates a network of 42 stores in the German-speaking part of the country. Its product range includes healthcare and beauty items alongside infant […]
USA: Post to spin off active nutrition business
Post, the US cereal giant, has announced it is to spin off its active nutrition business through an IPO. The company said it had approved a plan to separate its active nutrition business into a publicly traded company, “creating a scalable, high growth asset with dedicated capital resources and the strategic flexibility to pursue both […]
USA: PepsiCo acquires Health Warrior
PepsiCo, the snack food and soft drinks giant, has announced its further expansion into the health and wellness arena with the acquisition of plant-based food maker Health Warrior. Founded in 2011 Health Warrior makes products such as nutrition bars, mug muffins and protein powder that are described as containing plant-based superfood, nutrient-dense and gluten-free ingredients […]
USA: Walmart acquires Cornershop in Mexico and Chile
US-based discount retail chain Wal-marthas announced the acquisition of Cornershop, a leading online marketplace for crowdsourced on-demand deliveries from supermarkets, pharmacies and specialty food retailers in Mexico and Chile, in a deal worth $225 million. According to Walmart, the transaction is an important step forward to accelerate the company’s omnichannel capabilities and its growth in Latin […]
Australia: Freedom Foods Group acquires nutrition firm Crankt Protein
Freedom Foods Group, the Australia based cereal and snacks producer, has announced the acquisition of nutrition products manufacturer Crankt Protein for A$3.5 million ($2.5 million). Based in New South Wales, Crankt Protein produces protein snack bars and shakes which are sold in Australia and New Zealand through fitness retailers, petrol stations and other channels. Freedom […]