Philippines: Century Pacific acquires Atlantic Natural assets
Century Pacific, a seafood processor, has announced the acquisition of Atlantic Natural Foods, a plant-based foods company that had filed for bankruptcy protection in April. The deal is for all of Atlantic Natural Foods’ assets, including the Loma Linda ready meal range, Tuno alternative tuna brand, Neat plant-based egg substitute and Kaffree Roma caffeine-free beverages, as […]
Australia: V2Food acquires Daring Foods, partners with Ajinomoto
V2Food, a Australian plant-based food company, has announced the acquisition of Daring Foods, a USA-based plant-based chicken start-up, alongside a strategic partnership with Japanese food giant Ajinomoto. Founded in 2018, Daring Foods established its headquarters in the USA in 2020, offering plain, flavoured, and breaded plant-based chicken such as pieces, wings, patties and ready meals. […]
India: Walko Food Company acquires Meemee’s Ice Creams
Walko Food Company, an Indian ice cream and dessert business, has announced the acquisition of domestic peer Meemee’s Ice Creams to extend its reach in urban markets and the direct-to-consumer (D2C) channel. Founded in 2012, Walko Food Company owns a portfolio of brands including NIC, GrameenKulfi, Café Chokolade, Mimo and Cream Pot, known for their […]
India: Diageo to acquire Nao Spirits in $15 million deal
Diageo India (USL), a subsidiary of Diageo operating in India, has announced the acquisition of a majority stake in Nao Spirits, an Indian craft distiller, for 130 crore INR ($15.2 million). Founded in 2017, Nao Spirits makes premium Indian spirits using native botanicals. Its range includes Greater Than, India’s first craft gin, and Hapusa, made […]
India: Reliance Consumer Products invests over $900 million in new plants
Reliance Consumer Products (RCPL), the FMCG arm of Indian retail major Reliance Retail Ventures, has announced plans to invest 8,000 crore INR ($923 million) over the next 15 months to expand its beverage manufacturing capacity. The Economic Times reports that the investment will fund the development of 10 to 12 greenfield and co-packing plants across […]
Australia: Treasury Wine Estates opens $9.8 million ‘low and no’ winemaking facility
Treasury Wine Estates (TWE), the Australian wine giant, has announced that it has opened a new A$15 million ($9.8 million) facility in South Australia’s Barossa Valley to produce low- and no-alcohol wines. This new site combines dealcoholisation technology with patent-pending innovations designed to treat the wine’s aroma components. The facility will produce low- and no-alcohol wines […]
Japan: CJ Foods to build new dumpling factory
CJ Foods, the leading South Korean food firm, has announced plans to invest KRW 100 billion ($73 million) to build a new production facility for mandu dumplings in Chiba prefecture, Japan. The new factory will span 42,000 sq m in Kazusa Akademia Park and will include 8,200 sq mt of floorspace dedicated to advanced production operations. […]
Australia: Australian Vintage acquires MadFish wine brand in global markets
Australian winery Australian Vintage has announced that the company entered a strategic partnership with Burch Family Wines to acquire international ownership of the brand MadFish, a wine brand from Western Australia. In a press release, the company said it would become the exclusive distributor of Howard Park Wines in the UK, Ireland, Europe and Canada, whilst […]
Australia: Nutifood, ViPlus Dairy unite to create joint venture
Nutifood, a Vietnamese dairy firm, has partnered with its Australian peer ViPlus Dairy to form the international joint venture ViPlus Nutritional Australia and associated dairy brand GippsNature. The brand will blend the natural resources of Australia’s Gippsland region with scientifically validated nutrition, to support health and growth across all life stages, the two companies said. […]
India: Rasna acquires Jumpin drinks brand from Hershey
Rasna, a manufacturer of instant beverages, has announced the acquisition of soft drinks brand Jumpin to expand into India’s growing ready-to-drink (RTD) market. Launched by Godrej as India’s first drink in Tetra Pak cartons, and later acquired by Hershey, Jumpin was known for its non-carbonated beverages. It was withdrawn during the Covid-19 pandemic, after reaching annual revenues […]