China: Aldi to open two bricks and mortar stores
German discount retailer Aldi is planning to open two physical stores in China, according to reports in Retail Detail and the South China Morning Post. The stores are to be located be in the Shanghai region (in the Jing’an and Minhang districts), supplied by a new distribution centre also to be built in the locality. […]
Australia: Fonterra to close Victoria site
Fonterra, the New Zealand based dairy giant, has announced it is to close its processing plant in Dennington, Australia due to overcapacity and constrained milk supply. The closure of the factory, which is located in the south west of the state of Victoria and currently produces “lower value” products, comes amid “significant changes, including a declining […]
India: Tata opens instant coffee plant in Vietnam
A new instant coffee plant built for Indian drinks conglomerate Tata has opened its doors in the Binh Duong province of Vietnam, the firm’s construction partner GEA has revealed. The plant, Tata’s first instant coffee factory outside of India, will reportedly produce 5,000 tonnes of instant coffee per annum. In a previous statement, Tata said: […]
India: Kameda Seika and LT Foods to open cracker factory
Kameda Seika, a Japanese snack firm, is forming a joint venture with LT Foods to produce its flagship crispy rice cracker in the northern Indian state of Haryana, according to a report in the Japan Times. LT Foods is described as a leading local food maker engaged in the milling, processing and marketing of branded […]
Australia: Saputo acquires Lion Australia’s speciality cheese business
Saputo, a Canadian dairy company, has announced that it has entered into an agreement to acquire the specialty cheese business of Lion Australia for A$280 million ($197 million). The deal is said to include all of Lion Australia’s specialty cheese brands, including King Island Dairy, Tasmanian Heritage, South Cape, Mersey Valley, Heidi Farm and Australian […]
India: Tata to acquire branded tea business from Dhunseri
Tata subsidiary Tata Global Beverages, the world’s second largest tea producer, has announced it has reached a deal to acquire the total branded packet tea business of rival Indian firm Dhunseri for a total consideration of 101 crore INR ($14.4 million). The proposed acquisition, which includes the brands Kala Ghora and Lal Ghora, is said […]
Japan: Suntory unveils Pepsi Japan
Suntory, the leading Japanese drinks firm, is rolling out a new version of its flagship Pepsi cola that is said to be based on popular Japanese flavours. Labelled Pepsi Japan, the new product is reported to be flavoured with the Japanese citrus fruit yuzu as well as a “a carefully balanced combination of spices [and] […]
Australia: Bubs Australia acquires Australia Deloraine Dairy
Bubs Australia, a goat milk products manufacturer, has agreed to acquire infant formula producer Australia Deloraine Dairy for a consideration including A$25 million ($17.8 million) in cash and A$10 million ($7.1 million) in shares, according to a FoodBev report. Australia Deloraine Dairy is a multinational food company predominately involved in manufacturing and marketing dairy, staple […]
Australia: Lion acquires iced tea brand Teza
Lion, the Kirin-owned Australian food and drinks firm, is expanding further in the non-alcoholic drinks space with the acquisition of New Zealand ice tea brand Teza. Teza previously belonged to Greenstone Drinks and is described as the first “real-brewed” iced tea in New Zealand. The product is said to be made with batch brewed organic […]
China: Yili to acquire Westland Milk Products
Chinese dairy firm Yili has announced that it is set to acquire New Zealand’s Westland Milk Products, a New Zealand dairy firm, via its subsidiary Hongkong Jingang Trade Holding for an enterprise value of 588 million NZD ($400 million). Westland Milk Products manufactures a range of dairy products and ingredients for foodservice, industrial and retail […]