China: TCP Group to invest $149.3 million to expand presence in China
Thai enterprise TCP Group has announced its plans to invest ¥1.06 billion ($149.3 million) to expand its presence in the Chinese market, over the next three years. This investment intends to support its local partnerships, establish a new representative office, in-country team, and manufacture centers as well as support the launch of new Red Bull […]
China: Nestle to launch NesQino a line of personalised beverages
Multinational food and drinks giant Nestle has launched NesQino, a customisable functional beverage product on the market in China. NesQino offers a digitally connected Q-cup machine, a variety of superfood sachets, and three base sachets: smoothie, oat shake, and milkshake. Consumers can choose from 21 different flavour recipes, which are made from 100% natural ingredients […]
China: Meiji to acquire 25% stake of AustAsia
The Singaporean agri-food company Japfa, has announced the sale of 25% stake of AustAsia Investment Holding to the Japan-based group Meiji, for US$ 254.4 million. Dedicated to the production of milk, yoghurt, ice cream and confectionery, Meiji business has been registered a steady expansion due to the growing demand for chilled milk and the rise […]
India: Unilever to complete merge with GSK Consumer Healthcare
Unilever, the Anglo-Dutch consumer goods giant, has announced the completion of the merge between GSK Consumer Healthcare (GSK India) and its Indian Affiliate, Hindustan Unilever Limited (HUL). The deal, previously announced in December 2018, was subject to legal and regulatory approvals, which are now secured. In addition to this merge, HUL will acquire the Horlicks […]
Australia: Coles to acquire ready meals producer Jewel Fine Foods
Coles, the leading Australian retailer, has announced the acquisition of Jewel Fine Foods, following approval from the Australian Competition and Consumer Commission (ACCC). Based in New South Wales, Australia, Jewel Fine Foods started in 1997 as a restaurant. Today, it is one of the largest manufacturers of chilled meals in Australia, supplying private and branded […]
Australia: Fonterra to sell Dennington milk plant to ProviCo
ProviCo, an Australian-based animal nutrition company, has announced the acquisition of the Dennington milk processing plant to Fonterra Australia. Described as one of the leading companies in animal nutrition in the country, ProviCo is a manufacturer of feed and vitamin fortified products for farm animals. According to sources, since the announcement of the factory closure […]
Japan: Megmilk Snow Brand launches anti-allergy yoghurt drink
Megmilk Snow Brand, a Japan-based dairy company, has launched what is said to be the first yoghurt drink that can reduce nose and eye discomfort due to allergies. Launched under the name of Nyu-San-Kin Helve, the yoghurt drink is said to have a lactic acid bacterium present on its formula named L.helveticus SBT2171, which was demonstrated […]
China: PepsiCo acquires snack brand Be & Cheery
PepsiCo, the US multinational food and beverage maker, has announced the acquisition of snack brand Be & Cheery from the Chinese company Haoxiangni Health Food for $705 million. Founded in 2003 and headquartered in Hangzhou, Be & Cheery is one of the largest online snacks companies in China and reported revenues of approximately 5 billion […]
Australia: Schwarz Group abandons plan to open Kaufland stores
Schwarz Group, the retail giant behind the Lidl and Kaufland store chains, has announced it is abandoning plans, first reported in 2016, to open Kaufland stores in Australia. “After careful and thorough consideration, Kaufland has decided to undertake an orderly withdrawal from the Australian market”, Kaufland said in a statement, adding that it would be […]
India: Varun Beverages expands capacity in Zimbabwe
Varun Beverages, the Indian soft drinks firm, is expanding production capacity in Africa with the inauguration of the second phase of its bottling plant in the Zimbabwean capital Harare, according to a report in Food Businesss Africa. The expanded plant, a franchise bottling operation for PepsiCo, now features three further production lines, in addition to the first PET […]