Brazil: Coty to expand deodorant factory
Global beauty company Coty has announced it is expanding a deodorant factory in Brazil which it first opened in 2012. According to Newtrade, the R$20 million ($3.7 million) expansion at Coty’s Goias plant will increase production capacity for aerosol deodorants by 30%, adding one new production line in addition to the three that are currently operating. The investment will […]
Brazil: Grupo GSA acquires La Food
Brazilian manufacturer Grupo GSA has announced the acquisition of LA Food, a producer of snacks described as being made from “healthy” ingredients. Founded in Parana, Brazil in 2011, LA Food is predominantly a private label manufacturer, with customers including the pharmacy chain Nissei, as well Lojas Americanas, for whom it manufactures products under the Leven banner. In addition, […]
Argentina: Walmart to sell business
US-based retailer Walmart has announced that it has reached an agreement to sell its business in Argentina to Grupo de Narvaez. Walmart will not retain an equity stake, but will support the business through transition services and sourcing agreements under the new ownership, the company said. Grupo de Narvaez has retail operations in Argentina, Ecuador, […]
Brazil: Rede Polo to acquire 57 Dia stores
Rede Polo, a retailer based in the state of Rio Grande do Sul, Brazil is reportedly acquiring 57 stores from Spanish supermarket chain Dia. According to sources, Dia recently ceased operations in the state of Rio Grande do Sul, where it had 70 outlets. Four of the stores to be acquired are located in the state capital Porto […]
Brazil: Nestle invests $135 million in manufacturing, operations
Multinational food and drinks giant Nestle has announced investments of R$762 million ($135 million) in its Brazilian operations over the course of this year. The investment is earmarked for both creating new manufacturing lines and modernizing existing ones in the company’s facilities in Sao Paulo, Espirito Santo, Bahia, and Minas Gerais. The investment will be also […]
Brazil: Ultracheese to acquire Bufalo Dourado
Brazilian cheese manufacture Ultracheese, owned by the private equity fund Aqua Capital, has announced the acquisition of Bufalo Dourado for an undisclosed sum. Based in Sao Paulo, Bufalo Dourado is a producer of premium cheese and other dairy products made from buffalo milk. According to sources, this acquisition follows the plan of Ultracheese, to become […]
Mexico: Nestle to invest $700 million in manufacturing plants
The Mexican arm of food and drink multinational Nestle has announced plans to invest $700 million to upgrade its 17 manufacturing plants to increase productivity, improve processes and expand production capacity. The investment includes $200 million, announced in November last year, for the first phase of a new coffee factory in Veracruz, which will process 20,000 tons of coffee […]
Brazil: Danone to shut two bottled water plants
Danone, the global dairy and beverages business, is shutting two plants in Brazil that produce bottled mineral water, according to a report in NewTrade. The production sites, which are located in Jundiai (Sao Paulo state) and Nova Iguacu (Rio de Janeiro state) produce bottled water for Bonafont, a major Latin American water brand that has a leading […]
Brazil: Quimica Amparo to construct new factory
Quimica Amparo, the household goods firm behind the Ype brand, has announced plans to construct a new factory and distribution centre in Pernambuco in a bid to bolster its presence in Brazil’s North East region, according to a report in New Trade. The new plant will start by manufacturing the firm’s line of liquid detergents, […]
Brazil: Bunge sells margarine and mayonnaise assets to JBS
Bunge, the leading agri-commodities business, has announced it has reached a deal to sell its margarine and mayonnaise assets in Brazil to JBS subsidiary Seara Alimentos, which primarily markets meat products, in a deal worth around R$700 million ($174 million). The transaction includes three production plants in Gaspar (SC), Sao Paulo (SP) and Suape (PE), as well as […]