Australia: Lion’s Fine Wine Partners to be acquired by Accolade Wines
Accolade Wines, one of the world’s largest wine companies, is to acquire Fine Wine Partners (FWP) in Australia for an undisclosed sum. In a press release, Lion, the Australian alcoholic drinks, soft drinks and dairy firm that owns Fine Wine Partners, described it as “a quality fine wine business offering exposure to the attractive and […]
Malaysia: Mondelez invests $4.7 million to produce BelVita range
The Malaysian unit of international confectionery and snacks giant Mondelez plans to invest $21 million MYR ($4.7 million) to add a production line for BelVita breakfast biscuits, according to a report in Marketing Interactive. The new line is set to be added at the firm’s 24,330 square metre site in Tampoi, Johor Bahru, Malaysia, “[in] […]
Thailand: CP Foods acquires Bellisio For $1.1 billion
Thailand’s CP Foods has announced the acquisition of the US-based frozen food producer Bellisio for $1.075 billion. The transaction is expected to close in December 2016. Bellisio is the third largest manufacturer and distributor of single-serve frozen foods in the US and markets its products under brands such as Atkins, Boston Market, Chili’s, EatingWell and […]
Japan: Yamazaki to build $183 million plant
Japan-based baked goods producer Yamazaki has announced that it is to build a new plant in Kobe, Japan at a cost of ¥20 billion ($183 million). Described as the first baking factory of its kind to be built in 28 years, the facility is designed to enable the company promised to deliver fresh and high […]
Cola looks to beer with “5.0GV” launch
The latest innovation insight from Gama Compass™ MANCHESTER – 17th November 2016: This month’s Innovation Insight brings evolutions in the world of soft drinks into sharp relief, with a look at a new launch adding an extra dimension to the cola category via ‘ultra’ carbonation technology – Pepsi Strong 5.0GV Cola. Recently launched in Japan, Pepsi Strong […]
Singapore: Jacobs Douwe Egberts makes offer for Super Group
Dutch coffee and tea company Jacobs Douwe Egberts has announced that it has made a pre-conditional offer to acquire all issued shares of Singaporean instant food-to-coffee maker Super Group for 1.45 billion SGD ($1.03 billion). Super Group manufactures instant coffee and tea, instant tea mixes and instant cereals, with a portfolio of over 160 instant […]
Australia: Woolworths launches ‘branded’ private label products
Australian supermarket chain Woolworths has introduced a new range of private label products with names that exclude Woolworths branding, News Limited reports. According to the article, the supermarket claims that the line – which includes new brands such as Smitten and Apollo pet food, Chevron batteries and Little Ones nappies, as well as the removal […]
Japan:Meiji invests $47.9 million to expand functional yoghurt plant
Meiji, the Japanese food and pharmaceutical firm, plans on investing $47.9 million in order to expand capacity for functional yoghurt within its domestic operations. According to a report in FoodBev, the company will add an additional production line for the manufacture of the company’s functional yoghurt drinks at its Toda plant north of Tokyo, with […]
Australia: General Mills to close plant in Victoria
General Mills, the US food manufacturer, has announced a restructure of its operations in Australia that will see the closure of its manufacturing facility in Mount Waverley, Victoria. The Mount Waverley plant, which produces goods such as Latina chilled pasta meals, is set to close between April and June 2018, General Mills said. The move would also […]
China: Hangzhou Wahaha seeking potential takeover of Dean Foods – reports
Hangzhou Wahaha, China’s largest beverage producer, has shown interest in a potential takeover of Dean Foods, the largest milk processor in the US, according to a Financial Times article quoting “four people familiar with the company’s plan”. The Chinese firm has reportedly approached a number of banks to seek financial backing for a possible move. […]