UAE: Pure Ice Cream to build a production facility
Pure Ice Cream, a UAE-based ice cream manufacturer, has signed an agreement to build a new ice cream production facility at Dubai Industrial City via an AED80 million ($21.7 million) investment. Pure Ice Cream is the owner of Kwality Global ice cream and the official Gulf Cooperation Council (GCC) licensee for Hershey’s and Reese’s ice […]
Tradeshow Insight: SIAL 2024
The landmark 2024 edition of SIAL, the self-styled “must-attend” biennial event for the food industry, reinforced the show’s central place in the European consumer goods calendar, building on a 60 year run that was marked in both celebratory and contemplative fashion. As the organizers themselves acknowledged, attending SIAL on its 60th anniversary offered visitors a […]
USA: Keurig Dr Pepper to acquire Ghost energy drink brand
Keurig Dr Pepper (KDP), the soft drinks and coffee firm, has announced that it has entered into an agreement to acquire Ghost Lifestyle and Ghost Beverages (collectively “Ghost”) for $990 million. Founded in 2016, Ghost is a brand of sports nutrition products, energy drinks, dietary supplements, and apparel, anchored by its flagship energy drink brand […]
USA: JM Smucker to sell Voortman biscuit brand
US-based food and beverage company JM Smucker has announced that the company is selling its Voortman biscuit brand to Second Nature Brands, a US manufacturer of snacks and treats controlled by CapVest Partners LLP. In a press release, JM Sumcker said the decision to offload Voortman would enable it to reallocate resources to its “core […]
USA: Shamrock Farms to Invest $59 million in Virginia manufacturing site
Shamrock Farms, a leading US dairy firm, has announced an investment of $59 million to expand its milk manufacturing facility in Augusta County, Virginia. The project will generate 28 new jobs and expand the company’s existing 250,000 sq ft facility in Mill Place Commerce Park by an additional 81,000 sq ft. The investment is earmarked […]
UK: Kestrel Foods acquires pretzel brand Indie Bay Snacks
UK food manufacturer Kestrel Foods has announced the acquisition of savoury snack brand Indie Bay Snacks from peer Nurture Brands for an undisclosed sum. Founded in 2016 by Dafna Bonas, Indie Bay Snacks sells low-calorie, low-fat pretzel snacks, including “pretzel thins”, through grocery, travel, and direct-to-consumer channels. Commenting on the deal, Nurture Brands managing director […]
Netherlands: Brouwerij Martens acquires United Dutch Breweries
Belgian brewery Brouwerij Martens has announced the acquisition of United Dutch Breweries (UDB), a Netherlands-based brewing company, from European investment company Gimv. Offering “affordable premium import brands”, UDB is known in particular for lagers such as Oranjeboom and Royal Dutch, as well as the malt drink 3 Horses. Commenting on the move, Brouwerij Martens CEO […]
Brazil: Selmi expands cracker and biscuit factory
Brazilian food manufacturer Selmi has announced the expansion of a biscuit plant in Sumare, in the state Sao Paulo. According to sources, the investment will enable a 40% increase in production capacity as well as allowing the company to modernise and optimise its processes. Specific investments include a new production line for “laminado”-style biscuits such […]
Netherlands: Heineken acquires Komari Beverage
Heineken, the Dutch beermaker, has acquired Komari Beverage, an Ethiopian alcoholic drinks firm, according to a report in Capital Ethiopia. According to sources, oamari Beverage produces hard seltzers under the Arada brand, and was first launched to market in 2021. It reportedly claims to be the only manufacturer of hard seltzers in Ethiopia and has […]
Egypt: Arla makes offer for majority stake in Domty
Leading European dairy company Arla has made a non-binding offer to acquire a majority stake in dairy company Arabian Food Industries, trading as Domty, for 31.48 EGP ($0.66) per share. Domty is a publicly listed company that employs 4,000 staff and operates two production facilities, with a range of over 200 items including branded white […]