Nigeria: Coca-Cola takes full ownership of Chi
Coca-Cola has announced it has taken full ownership of Chi, described as Africa’s leading producer of juice and value-added dairy drinks. The soft drinks giant had previously taken a 40% stake in the Nigerian firm, with provision to increase equity investment to 100% within three years. The deal “further signals Coca-Cola’s optimism about Africa’s consumer opportunity and a […]
India: Varun Beverages to acquire PepsiCo’s bottling operations in south and west India
Varun Beverages, PepsiCo’s Indian bottling partner, is set to acquire PepsiCo’s company-owned bottling, sales and distribution operations in the south and west regions of India, according to a report in the Economic Times. Varun Beverages is already the franchise partner for PepsiCo’s bottling operations in the North and East, having acquired those divisions in 2014. The latest acquisition, the value […]
UK: Fuller’s to be acquired by Asahi
Fuller’s, the UK beermaker, has announced it has entered into an agreement for the sale of its entire beer business to the European division of Japanese drinks giant Asahi for an enterprise value of £250 million on a debt free, cash free basis. The business being sold comprises the entirety of Fuller’s beer, cider and soft drinks […]
Egypt: Lactalis acquires Greenland from Americana Group
Dairy giant Lactalis is expanding its presence in the Middle East with the acqusition of milk and cheese firm Greenfield from Kuwaiti restaurant and foods business Americana Group. The French firm said the acquisition will strengthen the position of its Lactalis Halawa joint venture as a major producer of dairy products in Egypt, and demonstrated its interest in […]
Look Ahead: Mark Napier, Gulfood 2019
Gama spoke to Mark Napier, Show Director, Gulfood, ahead of the latest edition of the Middle East tradeshow. What should manufacturers do to be successful in the current economic climate? Innovation is the buzz word for most areas of manufacturing these days as new advanced technology tools such as artificial intelligence, machine learning and robotics […]
UAE: Berain to build $37 million bottling plant
Berain, a Saudi Arabia based mineral water firm, is partnering with developer ZonesCorp to construct a new bottling plant in the UAE, according to a report in Arabian Business. The $37 million plant, located in the food industry zone of Al Ain Industrial City, is set to begin operations in the first quarter of 2020 and […]
USA: Peet’s Coffee to take majority stake in Revive Kombucha
Peet’s Coffee, a US speciality coffee company, has announced it has acquired a majority stake in Revive Kombucha, a craft brewery based in Petaluma, California, for an undisclosed sum. Revive offers an array of naturally fermented, organic, GMO free, fair trade certified, and raw bottled kmobuchas, available in the varieties Ginger Lime, Original Cola, Hibiscus Refresher, Turmeric […]
USA: Life on Earth agrees deal for drinks firm Wild Poppy
Life on Earth, a US consumer goods firm offering “all-natural” drinks and snack products, has announced it has entered into a binding letter of intent to acquire 100% ownership interest in Wild Poppy, a maker of “fresh and clean” drinks across the USA. The Wild Poppy range comprises four varieties of fruit juice as well as a line […]
Brazil: Coca-Cola introduces Leao tea capsules
Coca-Cola has announed the launch of tea capsules under its Leao and Matte Leao brands for the Brazilian market. The new tea capsules are said to be compatible with Nespresso coffee makers and are available in three versions: Matte Leao Original and the “premium” line Leao Senses, which comes in the flavours Blackberry, Blueberry & […]
Brazil: PepsiCo closes plant in Manaus
Global snacks and drinks giant PepsiCo has announced the closure of its factory in the Free Economic Zone of Manaus, reportedly after changes to taxes in the soft drinks sector. According to Exame, PepsiCo said that the decision to leave the region “was taken with the goal of efficiently managing our operations throughout Brazil and […]