USA: Second Nature Brands to acquire Tillamook Country Smoker
Second Nature Brands, a snacks and treats creator headquartered in Chicago, has agreed to acquire Tillamook Country Smoker from Insignia Capital Group and family shareholders. The transaction marks the company’s first investment in the protein snacks category. The acquisition complements its wider portfolio of snacking brands, which includes Kar’s Nuts, Second Nature Snacks, Sahale Snacks, […]
India: Cupid Breweries & Distilleries to acquire United Spirits production site
Cupid Breweries & Distilleries, the Indian business, has agreed to acquire an operational alcoholic beverage manufacturing unit in Gopalpur, Odisha, from United Spirits, the Indian arm of Diageo. The transaction is valued at 225 million INR ($2.4 million). Under the terms of the agreement, Cupid Breweries & Distilleries has already paid an advance of 10 […]
Chile: CCU acquires Nestle’s stake in Aguas CCU-Nestle Chile
Compania Cervecerias Unidas (CCU), the Chilean drinks company, has signed a Share Purchase Agreement to acquire Nestle Chile S.A.’s 49.9% equity interest in their joint venture, Aguas CCU-Nestle Chile. As CCU already held a 50.1% stake in the business through its subsidiary Embotelladoras Chilenas Unidas, the transaction gives CCU 100% ownership of the firm. Aguas CCU-Nestle […]
India: Haleon announces first manufacturing facility
Haleon, the consumer health company, has announced plans to establish its first manufacturing facility in India. The state-of-the-art greenfield site will be located at Pithampur in Madhya Pradesh and is spread across more than 40 acres in the Smart Industrial Park. The total investment for the strategic oral health-focused facility is approximately 2,000 crore INR, […]
UK: Matrix launches sensitive toothpaste backed by aerogel technology
Matrix, the consumer health company, has launched a new sensitive toothpaste and on-the-go oral gel range in the UK under the Ozen brand. Supported by UCL Business (UCLB), the commercialisation arm of University College London, the product range is set to launch in high street pharmacies from June. The technology behind the product was created […]
USA: SunOpta expands fruit snacks capacity
SunOpta, a US developer of beverages, broths and better-for-you snacks, has announced the opening of a newly expanded production line for fruit snacks at its facility in Omak (WA). According to a company statement, the expansion represents an investment of over $25 million and is expected to increase fruit snacks production capacity by 25% to meet […]
Spain: Maheso invests in new manufacturing plant
Maheso, the frozen food manufacturer, is investing €40 million ($44 million) in a new production facility in Garray, Soria, Spain. Located in the Parque Empresarial del Medio Ambiente (PEMA), the 14,000 sq m plant is designed to double the company’s manufacturing capacity across two distinct phases. The first stage, operational in May, features a production […]
USA: Coca-Cola expands Bodyarmor into sparkling drinks
USA-based total beverage firm Coca‑Cola has expanded its portfolio with the launch of Bodyarmor Fit, the brand’s first-ever sparkling sports drink. According to a company statement, the product is available in a 12 oz slim can format, marking the first time the brand has introduced a sports drink in a can format to offer a crisp, sparkling […]
Greece: MHP SE to take majority stake in Nitsiakos
MHP SE, the international food and agri-business group, has entered into a share purchase agreement to acquire a stake of up to 100% in Nitsiakos, the Greek poultry group. Under the terms of the agreement, MHP SE’s wholly-owned subsidiary will initially acquire 70% of the target’s share capital in three sequential tranches. Completion of the […]
France: Ferrero invests to modernise facilities, launch Nutella Cookies
Ferrero France, the French subsidiary of the Italian confectionery group, has announced a new €30 million ($32.1 million) investment at its Nieppe factory in Hauts-de-France, operated by affiliated company Biscuits Delacre, to launch Nutella Cookies. This funding will back the installation of a production line unique to the European market. The announcement marks the latest […]