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 […]
USA: Lancaster Colony to acquire Winland Foods facility
Food manufacturer Lancaster Colony has announced the acquisition of a sauce and dressing production facility in Atlanta from Winland Foods for an approximate price of $75 million. The plant extends to around 300,000 sq ft in total, including roughly 250,000 sq ft of manufacturing space. “We are very pleased to have reached an agreement to […]
USA: Electrolit announces $400 million manufacturing facility
Electrolit, the Mexican sports drink firm, has announced plans to build a new $400 million manufacturing facility in the US state of Texas. The new 600,000 sq ft plant will be the company’s first US-based production facility and is expected to open by 2026. It is being constructed in response to “surging” demand driven by […]
Switzerland: Nestle to spin off water and premium beverages business
Nestle, the Swiss consumer goods giant, has announce plans to spin-off its water and premium beverages business from 1st January 2025. “As part of the action plan to drive operational performance and unlock potential, Nestlé’s water and premium beverages activities will become a global standalone business under the leadership of Muriel Lienau, Head of Nestlé […]
Germany: Koawach launches “cocoa juice” energy drink
Organic cocoa and guarana specialist Koawach has announced the launch of an energy drink which is claimed to be the world’s first caffeinated soft drink made with cocoa fruit juice. Koawach said it had collaborated with Koa, a Swiss-Ghanaian startup that specialises in upcycling cocoa fruit pulp, to create the beverage, which reportedly has 75mg […]
USA: Nestle to invest $150 million in frozen food plant
Nestle, the Swiss consumer goods giant, has announced an investment of $150 million to expand its frozen food facility in Gaffney, South Carolina. The investment will be used to install a new production line for single-serve frozen meals and upgrade automation and digital technology. Operating since 1980, the Gaffney plant produces frozen food for brands […]
USA: Lolli & Pops acquires Hammond’s Candies
Lolli & Pops, a portfolio company of private equity firm TerraMar Capital, has announced the acquisition of US-based confectionery producer Hammond’s Candies for an undisclosed sum. Founded in 1920, Hammond’s manufactures handcrafted candy canes, lollipops, and other classic sweet treats. Lolli & Pops is a leading retailer of chocolates and other unique sweets from around […]
Australia: Arnott’s acquires Mother Earth, Flemings and VP brands
Arnott’s, the Australian biscuit and cracker firm, has announced the acquisition of New Zealand food brands Mother Earth, Flemings, and VP Brands from Prolife Foods to expand its snacking portfolio. Mother Earth is described as a brand of muesli bars and baked slices with a growing presence in Australia. Flemings and VP offer bars, nuts […]
India: SuperYou launches ‘India-first’ protein wafer bar
SuperYou, a protein food and supplements brand, has announced the launch of what it claims is India’s first protein wafer bar. The product reportedly employs fermented yeast protein technology to offer a nutritious snack that is free from added sugar and contains 10g of protein and 3g of fibre per bar. Flavours available include chocolate, […]
UK: Samworth Brothers puts Soreen brand up for sale
Samworth Brothers, a leading UK supplier of chilled and ambient foods, is seeking a buyer for its Soreen cakes business, according to reports in Grocery Gazette and The Grocer. Founded in Manchester in the 1930s, Soreen is especially known for its flagship malt loaf, which is marketed as a low fat option with 43% sugar than […]