Egypt: Kellanova to sell majority stake in Bisco-Misr
Kellanova, the leading US cereal and snacks firm, has announced that it has reached an agreement to sell its majority stake in Egyptian biscuit producer Bisco-Misr to Hayel Saeed Anam Group (HSA Group), a diversified business conglomerate. Founded in 1957, Bisco Misr is the leading packaged biscuit company in Egypt, with manufacturing facilities in Cairo […]
USA: Amazon launches budget private label brand
E-commerce giant Amazon has announced the launch of Amazon Saver, a new private label range of budget groceries for its US consumers. Amazon said it had already begun rolling out the new brand line, which includes items such as crackers, biscuits, canned fruit and condiments each priced at under $5, and planned to add more […]
Japan: Meiji to reorganize yoghurt production
Meiji, the Japanese food and pharmaceutical firm, has announced plans to reorganise its production network by building a new plant in Atsugi, Kanagawa and closing three of its existing yoghurt factories. The new plant, covering 17,271 square metres, will be constructed with an investment of ¥40 billion (£279 million). It will produce both plain yoghurt […]
Ireland: Valeo Foods to acquire IDC Holding
Valeo Foods, the Irish food firm, has announced the acquisition of IDC Holding, an independent producer of wafers, biscuits, and confectionery in Central and Eastern Europe, for an undisclosed sum. The acquisition is said to include the CandyPlus operation in the Czech Republic, the Balconi business in Italy, and the Schluckwerder business in Germany, which […]
Tradeshow Look Ahead: Nicolas Trentesaux, SIAL 2024
Gama spoke to Nicolas Trentesaux, SIAL Network Managing Director, ahead of the latest edition of SIAL. SIAL is celebrating its 60th anniversary this year. How are you planning to commemorate the occasion? This year, SIAL is characterised by both a retrospective and forward-looking approach to the food sector. Attending SIAL on its 60th anniversary is […]
USA: Hain Celestial sells ParmCrisps brand to Our Home
Hain Celestial, the natural foods firm, has announced that it has completed the sale of its ParmCrisps brand to Our Home, a US-based snack company. Founded in 2017, ParmCrisps is known for its high-protein, low-carbohydrate cheese crisps and snack mixes. Commenting on the move, Hain Celestial group president and CEO Wendy Davidson said: “By divesting […]
Brazil: Lactalis to expand operations in Rio Grande do Sul
French based dairy major Lactalis has announced plans to invest R$100 million ($17 million) in 2025 to expand operations in Brazil’s Rio Grande do Sul state. In a statement, the company said the investment would be split among its facilities in Teutonia, Tapera, Tres de Maio, Santa Rosa and Ijui. In Santa Rosa, the firm […]
Australia: Saputo to shut down King Island Dairy
Dairy firm Saputo Dairy Australia has announced it is closing down the King Island Dairy cheese production facility and retiring the brand in mid-2025. In a statement, Saputo Dairy Australia said the decision had been taken following an intensive ten-month review of all commercial and financial alternatives for the Dairy, including a potential sale to […]
Sweden: Lantmannen to invest 1.2 billion SEK in plant-based protein factory
Lantmannen, a Swedish agricultural cooperative and food manufacturer, has announced an investment of 1.2 billion SEK ($116.4 million) in a new facility in Lidkoping for the manufacture of plant-based proteins. The new facility will process 35,000 tonnes of peas and 5,000 tonnes of faba beans (broad beans) into 7,000 tonnes of concentrated plant-based protein, also […]
Brazil: Grupo Bimbo to acquire Wickbold
Mexico-based multinational bakery firm Grupo Bimbo has reached an agreement to acquire its Brazilian peer Wickbold for an undisclosed sum. This acquisition includes the Wickbold and Seven Boys brands, which offer packaged bread and sweet baked goods such as biscuits, bisnaguinhas (a brioche-style sweet bread), and panettones, along with four manufacturing facilities located in the […]