Brazil: NotCo sells operations to local investors
NotCo, the Chilean food tech company, has sold its Brazilian business to local investment group Ferrara, three months after agreeing to transfer its operations in Argentina and Uruguay to Molinos Río de la Plata. The deal further reduces the number of markets where NotCo runs its branded food business itself, with financial terms left undisclosed. […]
Brazil: Nestle to invest in infant formula as part of nutrition and health push
Nestle, the food and beverage company, has announced an investment of R$2 billion ($360 million) in its Nutrition and Health division in Brazil up to 2028. The flagship project is a new R$600 million ($108 million) infant formula factory in Ituiutaba, Minas Gerais, designed to expand supply for the domestic market and create future export […]
Brazil: Essity to acquire Kenvue feminine care business
Essity, the hygiene and health company, has agreed to acquire the Brazilian feminine care business of Kenvue for $284 million on a cash and debt-free basis. Structured as an asset purchase from certain Kenvue subsidiaries, the transaction includes ownership of the Carefree, Sempre Livre and o.b. brands for sanitary pads, liners and tampons, alongside related […]
Mexico: Ferrero to invest $86 million in Guanajuato plant
Ferrero Mexico, the local division of the Italian confectionery group is set to invest $86 million through 2027 in its manufacturing facility located in San Jose Iturbide, Guanajuato. The capital allocation will expand production capacity, upgrade energy infrastructure from medium to high voltage, strengthen logistics networks and increase export volumes. The operational expansion will initially […]
Brazil: Nestle invests R$ 540 million in Aracatuba plant
Nestle, the global food and beverage company has announced an investment of R$ 540 million ($96 million) in its Aracatuba factory in Sao Paulo by 2028. According to the company, the resources will be allocated to industrial modernisation, operational efficiency gains, incorporating new technologies, and strengthening production capacity. The Araçatuba facility is Nestle Brazil largest […]
Brazil: Hormel Foods to sell Ceratti brand to Zanchetta Alimentos
Hormel Foods, the global branded food company based in the USA, has entered into a definitive agreement to sell its Brazilian operations to Zanchetta Alimentos, a Brazilian food company. Operating under the Ceratti brand, the business offers meats such as mortadella, sausage and salami for the Brazilian retail and foodservice markets. Financial details of the […]
Brazil: Cencosud to acquire St. Marche
Cencosud, one of the largest retailers in the Americas, has entered into an agreement to acquire 100% of the operations of St. Marche, a premium specialty grocery chain based in Brazil. The transaction, executed through Cencosud’s wholly-owned subsidiary Cencosud Brazil Comercial Ltda., involves the acquisition of the supermarket business from Hortus Comercio de Alimentos S.A. […]
Chile: Molinos Rio de la Plata to acquire NotCo units
Molinos Rio de la Plata, Argentina’s largest branded food company, has agreed to purchase 100% of Chilean plant-based food firm NotCo’s operations in Argentina and Uruguay. Financial terms of the transaction were not disclosed. In a filing with the Argentina stock exchange, Buenos Aires-headquartered Molinos Río de la Plata stated that the addition of the […]
Chile: CCU acquires Nestle’s stake in Aguas CCU-Nestle Chile
Compania Cervecerias Unidas (CCU), the Chilean drinks company, has signed a Share Purchase Agreement to acquire Nestle Chile S.A.’s 49.9% equity interest in their joint venture, Aguas CCU-Nestle Chile. As CCU already held a 50.1% stake in the business through its subsidiary Embotelladoras Chilenas Unidas, the transaction gives CCU 100% ownership of the firm. Aguas CCU-Nestle […]
Brazil: Tirol opens new distribution centre in Maringa
Tirol, the Brazilian dairy company, has expanded its logistics network with the inauguration of a new distribution centre in Maringa, Parana state. The facility occupies a total area of 1,000 sq m. According to the company, the strategic choice of location will optimize operations and logistics, enabling Tirol to serve its customers and ensure greater […]