India: ITC to acquire 24 Mantra Organic brand
ITC, the Indian conglomerate, has announced that it has entered into a share purchase agreement to acquire 100% of the shares of Sresta Natural Bioproducts (SNBPL), the company behind organic food and drink brand 24 Mantra Organic, for 472.5 crore INR ($56.7 million). SNBPL offers over 200 products from staples to juices and ready-to-cook foods, ITC […]
UK: Iceland Foods to open warehouse in Warrington
Frozen food supermarket giant Iceland Foods has inaugurated a 500,000 sq ft warehouse in Warrington, UK, via a £100 million investment. The distribution hub is described as the company’s largest in the UK, with sections dedicated to ambient food, chilled products and frozen foods and a workforce of 750. The Warrington depot will deliver to more than […]
Saudi Arabia: BRF announces investment in new plant
Brazilian food conglomerate BRF has announced it is investing $160 million in a new processed food plant in Jeddah, Saudi Arabia. In a press release, BRF said the new plant would have a production capacity of around 40,000 tonnes per year to begin with, but with potential for that to be doubled. It will initially serve the Saudi […]
Spain: Persan to acquire Mibelle Group
European multinational home care and personal care company Persan has acquired Mibelle Group to create one of the world’s largest players in private label and contract manufacturing. The acquisition of the Mibelle Group therefore fits “perfectly” in Persan’s growth strategy, Mibelle Group said in a statement, adding that both companies complement each other in terms […]
India: Godrej expands into pet food with Ninja brand launch
Godrej, one of India’s leading home and personal care companies, has announced its first foray into pet food with the launch of the Godrej Ninja brand. Backed by a 500 crore INR ($60 million) investment over five years, Godrej Ninja is a dry dog food developed at the Nadir Godrej Centre, featuring probiotics, prebiotics and polyphenols for gut […]
Germany: Harry-Brot to acquire Rewe subsidiary Glockenbrot
German bakery firm Harry-Brot has received approval from Germany’s national competition regulator to acquire Glockenbrot, a subsidiary of the retail group Rewe, as well as the company’s bakery in Bergkirchen, Bavaria. Glockenbrot, which has been owned by Rewe since 1986, operated bakeries in Bergkirchen and Frankfurt. Rewe shut the Frankfurt site before selling Bergkirchen to […]
Canada: Ferrero invests $445 million in facility expansion
Italian-based confectionery firm Ferrero has announced an investment of C$445 million ($320 million) to upgrade a production facility in Brantford, in the Canadian state of Ontario. According to sources, the expansion will aid in manufacturing new products, such as the recently-launched Ferrero Rocher chocolate squares. Nutella biscuits will also have a production line at the facility, […]
Belgium: Cora to cease trading in 2026
Belgian supermarket chain Cora has announced the closure of all of its seven hypermarkets in Belgium by the end of 2026. According to sources, the company, which is part of the Louis Delhaize Group, took the decision due to a decline in purchasing power, the popularity of online shopping, foreign competition, and the decline of the hypermarket […]
Colombia: Jeronimo Martins to acquire 75 Colsubsidio supermarkets
Portuguese retailer Jeronimo Martins has received approval from Colombia’s antitrust authority to acquire 75 Colsubsidio supermarkets to boost its presence in Colombia to more than 1,500 outlets. In November last year, Colsubsidio announced that it would close all 104 of its stores by December due to declining performance and increased competition. The newly acquired stores […]
UK: Muller to acquire Biotiful Gut Health
Muller, the UK’s largest milk supplier and distributor, has announced it has agreed to acquire kefir brand Biotiful Gut Health, as it seeks to establish a presence in the functional health yoghurt and drinks segment. Founded in 2012, Biotiful produces a range of kefir and natural gut health products. Commenting on the deal, Muller’s yogurt […]