India: Lotte acquires ice cream firm Havmor
Lotte, the Far East conglomerate active in confectionery and other categories, is to buy the Indian ice cream firm Havmor for 1,020 crore INR ($158 million), according to an article in the Economic Times. The South Korea based firm said it would buy 100% of the shares in Havmor, enabling it to begin operations in […]
India: Coca-Cola launches higher-carbonation cola
Coca-Cola, the global soft drinks giant, is tapping into the trend for ‘fizzier’ soft drinks with the launch of a new high-carbonation cola under the Thums Up name in India. Said to be the first extension to the Thums Up brand in 40 years, Thums Up Charged will offer “an intense combination of the strong taste […]
Pakistan: Spar enters market
Global retailer Spar is set to expand its geographic footprint with the opening of its first store in Pakistan. The firm’s foray into the country is being conducted in partnership with Burque Group, described as one of Pakistan’s largest sales management and distribution companies in the FMCG sector. The first outlet is being opened in Karachi, […]
India: Heritage Foods to acquire Vaman Milk Foods
Heritage Foods, the Indian dairy firm, is stepping up its presence in northern India with the acquisition of milk processor Vanam Foods. Mohali, Punjab based Vanam Foods was founded in 2015 and reported turnover of 1,296 lakh INR ($1.98 million) to the year ending 31st March 2017. Heritage Foods has been stepping up its presence […]
Australia: Saputo to acquire Murray Goulburn
Saputo, a leading global dairy firm, has announced that it has reached an agreement to acquire its Australian counterpart Murray Goulburn for a purchase price of A$1.31 billion ($1.0 billion) on a debt-free basis, subject to shareholder approval and regulatory clearance. Murray Goulburn produces a full range of dairy products, including milk drinks, milk powder, cheese and […]
Australia: Bega to move into peanut butter with Kraft Heinz factory acquisition
Bega, the Australian dairy firm, is moving into the nut butter category with its acquisition of a Kraft Heinz facility in Victoria. According to the firm, the packaging will be “slightly ‘refreshed’” to feature the Bega logo. “Despite the label change, Bega assures Australians that the Peanut Butter they love is exactly the same… the […]
India: Goodricke acquires Godfrey Phillips tea business
India-based tea producer Goodricke has announced the acquisition of the packaged tea division belonging to tobacco firm Godfrey Phillips India. According to India Retailing, the agreement gives Goodricke Group the rights to the trademarks, titles and brands of the Godfrey Phillips tea business including the brands Tea City, Tea City, SC Gold, Symphony, Samovar, SC […]
Australia: Kraft Heinz lands Cerebos business from Suntory
Kraft Heinz, the leading US-based food firm, is to acquire the Cerebos Food & Instant Coffee business from Japanese firm Suntory, according to an article in Retail World. The deal, which excludes the Cerebos Fresh Coffee business, is worth around A$290 million ($227 million) and is expected to be completed in early 2018, subject to regulatory […]
Thailand: ThaiBev to acquire Myanmar Distillery Company
ThaiBev, Thailand’s largest beverage company, has announced the purchase of a 75% of stake in Myanmar Distillery Company (MDC) for $1 billion. MDC, the largest spirits company in Myanmar, produces and sells a range of whiskies and gins at its facilities in Mandalay and Yangon, including the flagship Grand Royal whiskey brand which has over […]
China: China Foods offloads wine and non-beverage business
China Foods, a division of Chinese conglomerate Cofco, has announced that it is to offload its wine and non-beverage business, including the flagship Great Wall brand, in a deal worth 5,069 million HKD ($649.2 million). Explaining the rationale for the decision in a statement, China Foods said: “The wine industry in the PRC has faced increasing […]