Brazil: Ferrero acquires Bold Snacks
Ferrero Group, the global confectionery firm, has announced an agreement to acquire Bold Snacks, a Brazilian producer of protein-rich snacks. Based in Divinopolis, Minas Gerais, Bold Snacks was founded in 2018 and specialises in the ‘better-for-you’ segment with a portfolio that includes protein bars and whey protein powders. The company currently employs approximately 300 people. […]
Brazil: General Mills offloads dough operations to 3Coracoes
General Mills, the US food giant, has entered into an agreement to sell its Brazil-based dough business to 3Coracoees, the largest coffee roaster in South America, for an undisclosed sum. The transaction includes the Carolina brand, the chilled dough and pasta segments of the Yoki brand, and a manufacturing facility in Ribeirao Preto. General Mills, […]
Brazil: Unilever launches ‘gourmand’ hair care range with ice cream brand Kibon
Unilever Brasil has announced a collaboration between its hair care brand Seda and its ice cream brand Kibon. The limited-edition Seda by Kibon collection features two new combing creams inspired by two of the most popular frozen treats in Brazil: Chicabon and Frutilly. The products leverage ‘the gourmandise’ trend – the use of food-inspired fragrances […]
Brazil: Nestle opens R$2.5 billion pet food factory
Nestle Purina, the pet care division of the Swiss food and drink giant, has inaugurated its largest-ever investment in Brazil with the opening of a new wet pet food factory in Vargeao, Santa Catarina. The BRL 2.5 billion ($470 million) facility is designed to significantly expand the company’s production of wet food for cats and […]
Brazil: Coca-Cola to invest R$30 billion by 2030
Coca-Cola Brasil, the Brazilian subsidiary of the global beverage giant, has announced an investment plan totaling R$ 30 billion ($5.8 billion) in the country by 2030. This new capital injection represents a significant increase over the R$11 billion ($2.1 billion) the firm committed to the Brazilian market for the 2024-2025 period. According to the company, […]
Brazil: Diageo expands Ceara plant for Smirnoff Ice production
Diageo, the UK-based alcoholic beverages giant, has inaugurated a new production line for its Smirnoff Ice brand at its industrial complex in Itaitinga, Ceara. The expansion makes the facility the company’s first proprietary plant in Latin America to manufacture products in the ready-to-drink (RTD) category. According to a report in SuperVarejo, the new line represents […]
Brazil: Skala and Lola Frommetics merge to form Bora Brasil
Skala and Lola Frommetics, two prominent Brazilian beauty and personal care companies, have announced a merger to create a new entity named Bora Brasil. The move is designed to strengthen the market position of both brands by combining their expertise in the hair care and toiletries sectors. The merger brings together Skala, a brand known […]
Brazil: Cicopal invests R$180 million in Minas Gerais factory
Cicopal, the Brazilian snacks and drinks manufacturer, is expanding its operations in the state of Minas Gerais with the construction of a new production facility in Uberaba. Representing an investment of R$180 million ($31 million), the 20,000 sq m plant is expected to generate 150 direct jobs and 450 indirect jobs once operational. The new […]
Argentina: Saputo to sell 80% stake in dairy unit to Gloria Foods
Saputo, the Canadian dairy processor, has entered into a definitive agreement to sell an 80% interest in its Argentine dairy division to Gloria Foods for an enterprise value of approximately C$855 million ($630 million). The transaction involves Molfino Hermanos, the Argentine subsidiary that operates two manufacturing facilities and owns local brands including La Paulina, Ricrem […]
Brazil: JBS to invest $150 million in Oman multi-protein hub
JBS, the Brazilian meat processing giant, has announced a $150 million investment to establish a major multi-protein production platform in Oman. Through a joint venture with Oman Food Capital (OFC), the agri-food investment arm of the Oman Investment Authority, JBS has acquired an 80% stake in a new holding company that consolidates two significant production […]