Australia: V2food acquires ready meal brand Soulara
V2food, a plant-based food company, has announced the acquisition of ready-meal brand Soulara in order to broaden its portfolio, extending its reach from retail and food service to the direct-to-consumer channel. Soulara claims to offer “chef-crafted, plant-based meals” that are made with a diverse range of ingredients and have a small environmental footprint. Commenting on […]
China: PAG Private Equity to acquire majority stake in Food Union Europe
PAG Private Equity, a global investment firm headquartered in Hong Kong, has agreed to acquire a majority stake in Food Union Europe, a Latvia-based producer of ice cream with a presence in six European countries. The fund will obtain shares from the founder and other private stakeholders involved in the transaction. After acquisition, PAG will […]
Australia: Meditrina Beverages acquires Warburn Estate
Meditrina Beverages, a drinks company newly created by the Taliano family, is acquiring the assets of Warburn Estate, a winery located in the Riverina region of the Australian state of New South Wales. The deal, which is set to be concluded by March, includes the land, plant, equipment, trademarks and intellectual property, as well as […]
India: Clear Premium Water acquires majority stake in Kelzai Volcanic Water
Clear Premium Water, an Indian manufacturer of bottled water, has acquired a 51% stake in Kelzai Volcanic Water, a brand of volcanic spring water. Established in 2007, the Kelzai Volcanic Water brand provides water sourced from volcanic springs in the Western Ghats, and is claimed to be rich in essential minerals and electrolytes. It is […]
China: Pernod Ricard to launch “China-first” prestige malt whisky
French spirits maker Pernod Ricard has announced it has finalized production of The Chuan Pure Malt Whisky, the initial release from its distillery in Mount Emei, which is claimed to be the first prestige malt whisky to be produced in China. Construction on the distillery began in September 2019 as part of a ten-year, $150 million investment. […]
India: HCCB to invest $368 million in Gujarat
Hindustan Coca-Cola Beverages (HCCB), the Indian Coca-Cola subsidiary, has announced an investment of 3,000 crore INR ($368 million) to set up a new plant in Rajkot, in India’s Gujarat state, to manufacture juice and aerated beverages. “The investment is expected to create a considerable industrial footprint, fostering substantial economic and social growth in the region”, […]
Australia: Haigh’s Chocolates to build manufacturing facility in Salisbury South
Haigh’s Chocolates, an Australian confectionery company, has announced an investment of A$130 million ($87 million) to develop a manufacturing facility in Salisbury South, Adelaide. The project, which will span an area of 36,000 sq m, will accommodate 9,000 sq m for production facilities and 6,000 sq m for warehousing. A$36 million ($24 million) from the […]
Japan: Meiji to build dairy plant in Hokkaido
Meiji, the Japanese food and pharmaceutical firm, has announced plans to invest ¥48 billion ($339 million) in the construction of a new dairy plant in Nakashibetsu, Hokkaido. According to Meiji, the new facility will have an initial production capacity of 430,000 tons of raw milk annually, with the potential to reach 500,000 tons over time. […]
India: Krishna’s Herbal & Ayurveda to open new manufacturing unit in Jodhpur
Krishna’s Herbal and Ayurveda, a leading manufacturer & supplier of ayurvedic medicines, has announced an investment of 5 crore INR ($600,000) to develop a state-of-the-art manufacturing plant in Jodhpur, India. The company is said to be best known for juices with natural and ayurvedic ingredients, and its portfolio is said to encompass products for diabetics, […]
India: Nourish You acquires dairy alternative brand One Good
Nourish You, the Indian “superfood” company, has announced the acquisition of dairy alternative specialist One Good for an undisclosed sum, expanding its footprint in the vegan category. Founded in 2016 under the name Goodmylk, One Good offers a variety of vegan dairy alternative products including milk, cheese, chocolate, curd, ghee and butter. It has manufacturing […]