Chile: Barry Callebaut opens chocolate facility
Swiss chocolate producer Barry Callebaut is planning to expand its presence in Latin America with the opening of a new factory in Chile, its seventh factory in the region. The new factory will produce liquid chocolate and compounds for a variety of regional food manufacturers and confectionery companies located in Chile, Argentina, Uruguay, Paraguay and […]
Mexico: La Costena buys Faribault Foods
La Costena Group, a privately held global leader in a wide range of packaged foods categories, has announced that it has completed the acquisition of Faribault Foods, a privately held manufacturer of canned beans and vegetables based in Minneapolis. According to the agreement, Faribault Foods will be combined with La Costena’s US affiliate Arizona Canning […]
Brazil: JBS acquires Tyson Foods’ poultry business
Brazilian food giant JBS has announced that it is to acquire the business of poultry of Tyson Foods in Mexico and Brazil for $575 million. The announcement of the acquisition comes a month after Tyson and JBS battled for control of the American company Hillshire Brands, with the latter finally winning out. JBS said that […]
Colombia: Juan Valdez opens in Florida as competition with Starbucks heats up
Juan Valdez, the Colombian coffee shop chain backed by the the Colombian Coffee Federation, has opened its first outlet in Florida as it looks to take on Starbucks in the latter’s home market. Procaferol SA, the company which manages the Juan Valdez brand, has plans to open 60 new coffee shops in Florida over the […]
Mexico: Coca Cola to increase investment to over $12 billion
The Coca Cola Company plans to invest $8.2 billion over the next 6 years in Mexico, Food Business News reports. This combined with previous amounts will add up to a total of over $12.4 billion worth of investments during a 10 year period (2010-2020), the company said. The new investment will be allocated to increased […]
Colombia: Starbucks set to open first coffee shop
The American coffee company Starbucks has announced that it is opening its first coffee shop in Colombia. The opening, in the capital Bogota, makes Colombia the 62nd country where Starbucks operates. The outlet is be the first of 50 stores that the American company is planning to open until 2018 in Colombia, America Economia reports. […]
Brazil: World Cup expected to generate almost R$ 2 billion in food and drink sales
The FIFA World Cup in Brazil is expected to generate revenues of R$ 1.8 billion ($810 million) in retail food and drink sales, according to figures from the Sao Paulo Supermarket Association (APAS). Quoting APAS, Giro News reports that the categories seeing the biggest lift over the four weeks of the competition have been beer, […]
Mexico: Kellogg´s gives children’s cereal brand a health makeover
In a move designed to “promote healthier lifestyles”, Kellogg’s Mexico has reworked the packaging of its flagship Choco Krispis brand as part of a strategy to modernize the brand image. The primary change sees the brand character Melvin the elephant redesigned to become more athletic in appearance. The new packs have been made available from […]
Mexico: PepsiCo inaugurates new baking innovation centre
PepsiCo has announced that it has opened a new baking category innovation centre in Apodaca, Nuevo Leon, Mexico, with the aim of driving new product innovations across the company’s brand portfolio. In a statement, PepsiCo described the new facility as being equipped with an advanced culinary center and development laboratories focused on creating and tailoring […]
Mexico: Gruma plans to expand to Europe and Asia
Gruma, the world’s leading supplier of corn flour and corn flour derivatives, has announced investments in acquisitions and in the construction of new production facilities as it seeks to expand its business. The Mexican company is investing between $150 and $170 million as part of its expansion plans. This includes the takeover of the Spanish […]