USA: Campbell Soup sells Pop Secret business to Our Home
Campbell Soup, a US producer of canned soups and other foods, has announced that it has sold its Pop Secret popcorn business to Our Home, a US-based snack company. The existing Our Home portfolio includes brands such as Food Should Taste Good, Popchips, Real Food From The Ground Up, You Need Yhis, RW Garcia, Good […]
UK: Waitrose to open 100 convenience stores in next five years
Supermarket chain Waitrose, a subsidiary of the John Lewis Partnership, has announced plans to invest £1 billion ($1.31 billion) over the next five years to open 100 convenience stores and refurbish 150 existing outlets. The store upgrades will feature revamped service counters and expanded space for on-demand grocery orders, as well as branded concessions such […]
USA: Mount Franklin Foods acquires Stuffed Puffs
Mount Franklin Foods, a leading manufacturer of branded, contract and private label confectionery, nuts and foodservice products, has announced the acquisition of Pennsylvania-based Stuffed Puffs, a maker of filled marshmallows, for an undisclosed amount. Founded in 2019, Stuffed Puffs is known for a proprietary technology that allows it to create marshmallows filled with milk chocolate […]
USA: Philip Morris International announces $232 million investment in Kentucky
Philip Morris International (PMI), the leading tobacco firm, has announced plans to invest $232 million to expand production capacity for Zyn nicotine pouches at its Owensboro facility in Kentucky, creating 450 direct and 410 indirect jobs. This investment will be made by PMI’s Swedish Match affiliates, following a $600 million investment in July to set […]
India: Bikaji acquires 55% stake in Ariba Foods
Bikaji, an Indian snack food company, has announced the acquisition of a 55% equity stake in Ariba Foods, a diversified food company based in Ujjain, Madhya Pradesh, for 60.49 million INR ($7.2 million). Ariba manufactures snacks, savouries and frozen foods like samosas, flatbreads and sweets under the InDine brand, with a presence in India as […]
Tradeshow Look Ahead: Jeff Lenard, NACS Show 2024
Gama spoke to Jeff Lenard, NACS Vice President of Strategic Industry Initiatives, ahead of the latest edition of the NACS Show. What are your expectations for this edition of the NACS Show? What features are there for visitors to look forward to? The NACS Show is where retailers go to find the future of […]
Portugal: Nestle to invest €30 million in hot cereal drinks line
Nestle, the Swiss consumer goods giant, has announced an investment of €30 million (£25.4 million) to increase capacity for hot cereal drinks production at its Avanca factory in Portugal. The investment will be used to install advanced machinery to improve operational efficiency and help meet the growing demand for nutritious beverages. The Avanca plant, situated […]
USA: Saco Foods acquires Ancient Harvest and Pamela’s
Saco Foods, a US manufacturer of shelf-stable products and a portfolio company of Fengate Private Equity and Weathervane Investment Corp, has announced the acquisition of Quinoa Corporation and its brands Ancient Harvest and Pamela’s from Encore Consumer Capital. Founded in 1983, Ancient Harvest is known for bringing quinoa to the US market and also makes […]
India: Pernod Ricard seeks to boost revenue through premium whisky
Wine and spirits multinational Pernod Ricard has announced plan to triple its revenue in India over the next decade by strengthening its position in the premium whisky market. The strategy includes the launch of Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky, following release of Longitude 77, the company’s first […]
Poland: Euricom acquires snack firm Sonko
Euricom, a world leader in the rice sector, has announced a binding agreement to acquire the entire share capital of Sonko, a Polish snacks company, from Oshee Polska. Founded in 1989, Sonko has a portfolio that includes rice cakes, chickpea chips and chocolate crispbreads, as well as a range of rices and groats. It has […]