South Korea: Diageo to sell Windsor business to Bayside/Metis
UK based multinational firm Diageo, producer of alcoholic beverages, has announced the agreement to sell its premium Scotch whisky brand, Windsor, to Bayside/Metis, a South Korean private equity group. According to sources, the agreement includes the brand’s W Series, and Bayside Private Equity and Metis Private Equity consortium are purchasing it for the price of […]
India: Fonterra and Future Consumer end partnership
New Zealand dairy firm Fonterra and Indian food-led FMCG company Future Consumer have agreed to end their dairy joint venture in India. Fonterra is a global dairy nutrition company owned by 10,000 farmers and their families, united by a fundamental belief in the power of dairy to make a difference, while Future Consumer builds brands […]
Indonesia: Mondelez to invest $23 million to expand Oreo production facility
Mondelez International, the snack and confectionery multinational, has announced it has completed a $23 million expansion of its Oreo facility in Indonesia. The investment will increase the production capacity of the biscuits factory, by using the latest technologies, to meet the growing demand of consumers in 35 countries across Southeast Asia and the broader Asia […]
Pakistan: FrieslandCampina Engro Pakistan to launch Pakistan–Netherlands Dairy Development Centre
FrieslandCampina Engro (FCE) has announced the launch of the Pakistan-Netherlands Dairy Development Centre in collaboration with the University of Veterinary and Animal Sciences. According to the company’s press release, the centre will focus on sharing Dutch dairy expertise with Pakistani experts and decision-makers in dairy research and the dairy industry. The centre will offer conferences, […]
India: Healthways to opens new site in Gorakhpur
Healthways Dairy & Food products, one of India’s emerging dairy companies, has opened a new dairy facility in Gorakhpur to meet the demand of consumers in the region. According to sources, the new dairy facility, which has been equipped with best-in-class technology, will cut the journey and will make more accessible dairy products to the […]
Indonesia: Yili Group to open a new facility in Indonesia
Asian dairy producer has opened a $139 million ice cream facility which will become the country’s largest ice cream factory in Indonesia. The facility will have a daily production capacity of four million ice cream to meet the increasing demand for Joyday ice cream products, and it is expected to create more than 5,000 new […]
Philippines: Universal Robina to acquire Munchy Food Industries
Philippines-based food and drink company Universal Robina Corporation (URC) has announced the acquisition of Munchy Food Industries for MYR 1.93 billion (approx. $453.8 million). Founded in 1991, Munchy Food Industries is a Malaysian- based biscuits manufacture with a wide portfolio of brands such as Munchy’s Cream Crackers, Lexus Cream Sandwich, Oat Krunch, Muzic Wafer, and […]
China: Diageo to build a new whisky distillery
Diageo, the leading alcoholic drinks firm, has announced the construction of a $$75 million whisky distillery in China. The Diageo Eryuan Malt Whisky Distillery, described as the first factory of its kind in China, will be built in a area selected for its temperate climate, rich natural biodiversity, and access to natural spring water in the […]
Australia: Lark Distilling to acquire Kernke Family Shene Estate
Lark Distilling, Australia’s leading single malt whisky distillery, has announced the acquisition of Kernke Family Shene Estate, in an A$40 million ($29 million) deal. The acquisition of Kernke Family Shene Estate, the owner of the Pontville Distillery and Estate, will include 40 acres of land and buildings, a 130,000-litre distillery, a cellar door, eight bond stores, […]
Malaysia: Yeo’s to invest 20 million MYR in production and filling line
Yeo Hiap Seng (Yeo’s), a food and drink company based in Asia, has announced an investment of 20 million MYR ($4.8 million) in a high-speed combi production and filling line in Malaysia, according to a FoodBev report. The “Combi Line”, which is said to be the first of its kind in Malaysia, “fuels Yeo’s commitment […]