Pakistan: Fauji Foods acquires Fauji Infraveast Foods to consolidate cereal, dairy brands
Fauji Foods Limited (FFL), a Pakistani maker of dairy products, has announced the acquisition of the entire equity stake of its parent company Fauji Foundation in Fauji Infraveast Foods Limited and its cereals business under the brand name Fauji Cereals, to expand its product portfolio and market reach. In a filing with the Pakistan Stock […]
Australia: Australian Vintage and Accolade Wines in merger talks
Accolade Wines, one of the world’s largest wine companies, has entered into early merger discussions with peer Australian Vintage (AVG), the producer of the McGuigan and Tempus Two brands, according to The Australian Financial Review and The Shout reports. “AVG confirms it is in exploratory discussions with Accolade, however these discussions are still at a […]
Australia: Bega to shutter Betta Milk, Pyengana Dairy site
Bega, the Australian dairy firm, has announced it plans to close its plant in Burnie, Tasmania, traditionally a manufacturing site for the Betta Milk and Pyengana Dairy brands, and transfer production to another factory in Hobart. Bega acquired the Burnie facility last year when it bought Betta Milk and Meander Valley Dairy, as well as […]
Australia: Cultivate Food and Beverage to acquire Adelaide Hills Foods
Cultivate Food and Beverage, a social enterprise backed by disability employer Bedford, has announced the acquisition of Adelaide Hills Foods, a bakery firm headquartered in Lobethal, South Australia that offers the Emmaline’s, Emma Myrtle’s Bakehouse, Positano, James Road and Barossa Pizza brands. Adelaide Hills Foods supplies over 1,000 national and independent retailers, including Coles, Woolworths […]
India: Reliance Retail secures deal for assets of confectionery maker Ravalgaon
Reliance Consumer Products (RCPL), the FMCG arm of Indian retail major Reliance Retail, has announced the acquisition of trademarks, recipes and all intellectual property rights of sugar confectionery maker Ravalgaon for 27 crore INR ($3.7 million), expanding its FMCG portfolio. Ravalgaon’s portfolio includes the confectionery brands Mango Mood, Coffee Break, Tutty Fruity, Paan Pasand, Choco […]
Japan: Kirin buys Healthya tea brand from Kao
Kirin, the leading Japanese drinks firm, has announced it is buying the Healthya tea-catechin business from personal care company Kao to enhance its presence in health-oriented drinks. “Under the Long-Term Management Vision, ‘the Kirin Group Vision 2027’, we are aiming at becoming a global leader in CSV (Creating Shared Value), creating value across our world of Food & […]
India: Lotte Wellfood to set up new production line at Haryana facility
Confectionery giant Lotte Wellfood has announced plans to invest 200 crore INR ($27.37 million) to set up a new line for the production of its chocolate-coated biscuit product Lotte Pepero in the northern Indian state of Haryana. The new facility, benefitting from automated equipment, is designed to meet global export demand, introduce Original and Crunchy […]
Philippines: CCEP gets go-ahead for acquisition of Coca-Cola Beverages Philippines
European soft drinks bottler Coca-Cola European Partners (CCEP) has announced it has received approval from Philippine anti-trust regulators to buy peer Coca-Cola Beverages Philippines (CCBPI) from The Coca-Cola Company (KO), in a joint deal with investment fund Aboitiz Equity Ventures (AEV). Under the terms of the deal, CCEP holds a 60% stake in the acquired business, and AEV the […]
China: Henkel opens Asia R&D centre
Henkel, the Germany-based personal and household care giant, has officially inaugurated a new research & development (R&D) centre in Shanghai, China to serve the Asian market. The facility will draw on insights from 11 markets and aims to facilitate flexible product innovation for brands such as Schwarzkopf and Syoss. Covering an area of more than 2,500 sq […]
India: Tata Consumer Products to acquire Capital Foods and Organic India
Tata Consumer Products, the Indian FMCG conglomerate, has announced the acquisition of food and drinks businesses Capital Foods and Organic India for a reported combined investment of 70 billion INR ($845 million). Tata Consumer Products said the deal was aligned with the company’s strategy to “expand its product portfolio and its target addressable market in […]