India: Emami to acquire Axiom Ayurveda for $24 million
Emami, the Indian personal care and healthcare group, is to acquire the remaining 73.5% stake in Axiom Ayurveda in a deal valued at up to 2 billion INR ($24.1 million). Axiom Ayurveda, the Indian health and wellness company, is the manufacturer of the AloFrut brand, which specialises in aloe vera-based fruit juices. According to reports […]
Australia: Pure Foods Tasmania acquires Brilliant Food Australia
Pure Foods Tasmania, the Australian food and beverage producer, has entered a binding agreement to acquire Sydney-based seafood brand Brilliant Food Australia. The all-share transaction is valued at A$300,000 ($207,000), to be satisfied through the issuance of 7.5 million shares at A$0.04 ($0.027) each. Additionally, the vendor has agreed to subscribe for a further A$200,000 […]
India: Wipro Consumer Care & Lighting expands breakfast range
Wipro Consumer Care & Lighting, the Indian consumer goods manufacturer, has launched the Brahmins Xpress Mix breakfast range, marking a further expansion into the traditional foods category. The new line features 8 ready-to-cook versions of popular Indian staples, including Rice Idli, Ragi Dosa, Upma and Poha. According to Food & Beverages Processing, the range is […]
India: Nestle to expand Munch production in Gujarat
Nestle India, the Indian subsidiary of the Swiss food and drink giant, has announced an investment of 225 crore INR ($26.9 million) to add a new production line for its Munch chocolate brand at its Sanand factory in Gujarat. The expansion is expected to add approximately 8,300 tonnes of annual production capacity and is slated […]
India: Hindustan Foods Limited to acquire Ultra Beauty Care
Hindustan Foods Limited (HFL) has signed a business transfer agreement to acquire the manufacturing undertaking of Ultra Beauty Care. The transaction, executed on 23rd March, is being conducted on a slump sale basis. The acquisition is valued at 19.9 crore INR ($2.4 million) and involves a facility in Aurangabad dedicated to the manufacturing of ayurvedic […]
India: Heritage Foods opens new ice cream facility
Heritage Foods, the India-based dairy and retail company, has inaugurated a new state-of-the-art ice cream manufacturing plant in Shamirpet, near Hyderabad. The new facility represents a significant expansion for the company’s value-added dairy portfolio. The plant has an installed production capacity of 24 million litres per annum, with provisions to scale up in line with […]
India: Patanjali Foods to acquire biscuit manufacturing assets
Patanjali Foods, the Indian FMCG and edible oils company, has entered into strategic agreements worth approximately 750 crore INR ($80 million) to acquire manufacturing assets from its promoter group company Patanjali Ayurved Limited (PAL). Under the terms of the agreements approved on 14th March, the company will acquire leasehold rights to over 400,000 sq m […]
India: Kati Patang acquires Agnetta International
Kati Patang, the Indian craft beer company, has announced the acquisition of the premium wine and spirits company Agnetta International for R$3.5 crore ($420,000). The Agnetta International brand range includes both new and old world wines, including still and sparking options, as well as a range of spirits such as tequila, Scotch whiskey, Russian vodka […]
India: Reliance Retail acquires beauty brand Pahadi Local
Reliance Retail, the retail arm of Indian conglomerate Reliance Industries, has acquired a majority stake in Pahadi Local, a premium beauty and wellness brand. The acquisition was carried out through Reliance Retail Ventures Limited’s subsidiary, Reliance Beauty & Personal Care Limited. Founded in 2016 by Jessica Jayne, Pahadi Local specialises in natural skincare and wellness […]
India: Fazer explores strategic partnership with RCPL
Fazer, the Finnish food and confectionery giant, has signed a Memorandum of Understanding (MoU) with Reliance Consumer Products Ltd (RCPL) to explore a strategic partnership focused on the Indian market. RCPL is the fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures Limited, India’s largest retailer. The proposed collaboration aims to leverage Fazer’s heritage in […]