Mexico: Gruma to build new baked goods factory
Gruma, the Mexican bakery firm, has announced plans to spend M$1.5 billion ($87.3 million) over the next six to eight years to build a new plant in Hunucma, Yucatan for the manufacture of tortillas, tostadas and packaged snacks. Reportedly intended to address escalating demand in the southeastern region of Mexico, the US and the Caribbean, the plant […]
Brazil: JDE Peets acquires tea and coffee brands from JAV Group
Netherlands-based coffee and tea major JDE Peet’s has announced it has completed the acquisition of the tea and coffee business of Brazilian firm JAV. Terms of the deal, which includes brands such as Cafe Marata, Cafe Puro, Cha Marata and Cha Castellari and which was first announced last July, were not disclosed. In a statement, […]
Brazil: Nestle investing $1.2 billion in food and beverage production
Consumer goods major Nestle is planning to spend over $1.2 billion to bolster its capabilities in Brazil between 2023 and 2025, consolidating the country as Nestle’s third most important market globally. In a statement, Nestle said money would be earmarked for the adoption of new technologies and manufacturing facilities, more sustainable practices, and product innovation. […]
Brazil: PepsiCo to expand snack manufacturing capacity
PepsiCo, the global snacks giant, has announced plans to expand its manufacturing operation in Cabo de Santo Agostinho, north-eastern Brazil, with a new production line, creating over 300 jobs. The new line will boost production capacity by 30% and allow the manufacture of products under the Torcida brand, as well as for the Cheetos, Cebolitos […]
Brazil: JBS starts construction on cultivated protein research centre
JBS, the Brazilian meat firm, has started construction of what it claims is the first research & development centre in Brazil for cultivated protein. Located in Florianopolis, in the state of Santa Catarina, the new facility is planned to be built in three phases via an estimated investment of $62 million, with the aim of […]
Colombia: Jeronimo Martins plans further expansion of Ara retail chain
Jeronimo Martins, the Portuguese retail chain, has announced the further expansion of its Ara banner in Colombia, with its network of stores projected to reach 1,300 by the end of 2023, up from fewer than 1,100 the year before. Staff headcount is set to increase to 14,500, with the company also expecting to operate 17 distribution centres […]
Brazil: Nestle to acquire majority stake in Grupo CRM
Swiss FMCG giant Nestle has announced the acquisition of a majority stake in Brazilian chocolate manufacturer Grupo CRM from investment fund Advent International. Grupo CRM is described as operating a successful direct-to-consumer business, with over 1,000 chocolate boutiques under the Kopenhagen and Brasil Cacau brands and a growing online presence. Commenting on the acquisition, Nestle […]
Brazil: Heineken invests in alcohol-free beer production
Multinational Dutch brewer Heineken has announced plans to invest R$80 million ($15.75 million) to expand production of Heineken 0.0 at the Araraquara brewer in Sao Paulo, Brazil, according to a report in Industria News. The news comes a few months after the company unveiled an investment of R$1.5 billion ($243 million) to expand its premium […]
Brazil: Ferrara to acquire Dori Alimentos
Ferrara, the leading US sugar confectionery manufacturer and Ferrero subsidiary, has announced it has signed an agreement to acquire Dori Alimentos, a Brazilian sweets and snacks manufacturer, through its holding company CTH. Dori Alimentos is a family-controlled company backed by an affiliate of ACON Investments with a brand portfolio that includes Dori, Pettiz, Jubes, Gomets, […]
Brazil: Vida Veg invests $2 million in plant expansion
Vida Veg, a Brazilian producer of plant-based foods, has announced that the company is investing R$10 million ($2 million) to expand an existing plant in Lavras, Minas Gerais state. According to sources, the firm is tripling the size of the factory and looking to increase production capacity five-fold, with the aim of establishing capability for […]