Argentina: Bimbo to invest $54 million
Mexican bakery firm Bimbo is looking to strengthen its operations in Latin America after announcing a new investment of $54 million in Argentina, according to a report in Revista Info Retail. The company said the investment would be used to build a new factory and a distribution centre, both of which are to be located […]
Americas top for low-calorie claims, high-calorie products in new food launches
Insight by Gama Compass™ MANCHESTER – 10th September 2015: North America is the leading region for low calorie claims but also for high calorie products in new food industry launches, Gama’s latest study of global FMCG product innovation can reveal. Focusing on products reported by Gama Compass™ over the last 18 months, Gama’s analysis has revealed the […]
Chile: Carozzi acquires Alimentos Pancho Villa
Carozzi, the Chile-based food, non-alcoholic drinks and pet care multinational, has announced the acquisition of 100% of the shares in Alimentos Pancho Villa, a company in the flour and corn tortilla segments that manufactures wraps, burritos, corn chips, sauces and seasonings. The transaction is said to have closed at 7,643,000 CLP ($11.1 million), corresponding to […]
Brazil: Ajinomoto sells stake in Nissin-Ajinomoto
Seasonings firm Ajinomoto has announced that it sold its stake in Nissin-Ajinomoto Alimentos, a Brazilian joint venture established between itself and fellow Japanese firm Nissin, to Nissin Foods Holdings. The sale of the 50% stake, which is reportedly valued at R$1 billion ($270 million), is set to be concluded by the 30th October 2015. According […]
Brown and green rule coffee and tea packaging
Insight by Gama Compass™ MANCHESTER – 27th August 2015: Innovation dynamics in tea and coffee are the subject of our latest study of product innovation from Gama Compass™. Based on introductions reported over the last 18 months, Gama has analysed factors such as claims, pack format and pack design to find that– despite often being bracketed […]
Brazil: Hershey Brasil and Bauducco end joint venture
Hershey Brasil, the Brazilian arm of the US confectionery company, and Bauducco, a Brazilian firm manufacturing biscuits, panettones and other bakery products, are to cease their joint venture in Brazil, according to a report in Globo. Having been given the green light by the Brazilian competition authority CADE, the Bauducco group company Pandurata will sell […]
Brazil: Wickbold acquires Seven Boys
After a negotiation that is said to have lasted nearly 9 months, Brazilian bakery firm Wickbold has acquired rival Seven Boys for an undisclosed sum. With revenue of approximately R$200 million ($57 million), Seven Boys is said to be the fourth-largest bakery firm in Brazil, operating plants in Porto Alegre (Rio Grande do Sul) and […]
Chile: Femsa mulls market entry
Femsa, the Mexican FMCG and retail conglomerate, is preparing to move into Chile, according to a report in America Retail. The company, which is also the world’s largest Coca-Cola bottler, is said to be looking to install its Oxxo retail chain in the country and also to be exploring a partnership with Andina, Chile’s main […]
Brazil: Unilever to invest R$600 million in new plant
Unilever is investing R$600 million ($172 million) in a new plant and a distribution centre in Pernambuco, Brazil, according to a report in Diario de Pernambuco. The investment is said to be largest amount invested by the group in a new manufacturing complex in Brazil this year. Building work is reportedly scheduled to start next […]
Colombia: Grupo Exito expands internationally with acquisitions in Argentina and Brazil
Grupo Exito, the leading Colombian supermarket that also has a presence in Uruguay, has announced the acquisition of the Argentinean chain of hypermarkets Libertad. In the same transaction, the group also acquired 50% of the voting shares of the Brazilian chain GPA (Grupo Pao de Acucar), equivalent to 18.8% of total capital of the firm. […]