USA: Ferrero to build new innovation centre in Chicago
Confectionery firm Ferrero North America has announced plans to open a 45,000 sq ft Innovation Centre with Strategic R&D Lab in Chicago’s Marshall Field and Company Building. This new facility will merge Ferrero’s R&D teams across the US and house employees from Ferrero’s Old Post Office location, including about 170 cross-functional teams. The Innovation Centre […]
USA: Flower Foods invests in Base Culture
Flower Foods, one of the main producers of packaged bakery foods in the US, has announced an investment in Base Culture, a manufacturer of gluten-free and grain-free sliced breads and baked goods that are aligned with the paleo diet. According to Flower Foods, Base Culture’s products are currently available in nearly 15,000 retail locations across […]
USA: Splash Beverage Group to acquire 80% stake in Pulpoloco Sangria
Splash Beverage Group, owner of leading beverage brands, announced the acquisition of 80% of Pulpoloco Sangria, giving the group control over the manufacturing and distribution in the US and international markets. Pupoloco Sangria is crafted in Spain, and Its distribution rights were acquired in 2020 by Splash, turning the giant into the exclusive importer of […]
USA: Maytag Dairy sold to AgCertain Industries
Cheese producer Maytag Dairy Farms has been sold to AgCertain Industries, which is owned by private equity firm Midwest Growth Partners since 2019. Maytag Dairy Farms was founded in 1941 and sells and supplies jam, honey, popcorn, blue cheese, cheddar, and cheese spreads to retailers and foodservice businesses as well as selling products online. AgCertain […]
USA: Keurig Dr Pepper acquires non-alcoholic cocktail brand
Keurig Dr Pepper have recently announced the acquisition of the non-alcoholic cocktail brand Atypique from Station Agro-Biotech. The agreement made for the acquisition has both Keurig and Station Agro-Biotech fuel the growth of Atypique using the research done by Station Agro-Biotech in the product category and Keurig’s sales network. Chief financial officer for the international […]
Canada: Coca Cola to invest in Lower Mainland region
Coca Cola Canada Bottling has announced its plans to invest nearly CAD$42 million ($32 million) into the Lower Mainland region’s operations due to growing demand in British Columbia and to help their capability in the region. According to sources, the investment will be applied to create a new manufacturing line in the Richmond plant, allowing […]
USA: Kellogg announces plans to split into three companies
Food giant The Kellogg Company has recently announced plans to restructure the company by splitting it into three companies in the US. The firm is planning to combine all of its cereal operations in North America into one singular entity. Similarly, Kellogg is planning to separate its plant-based and snacking businesses into separate companies as […]
USA: Mondelez International to buy Clif Bar
FMCG giant Mondelez has announced plans to buy Clif Bar & Company for $2.9 billion (€2.75 billion), paying additional amounts to the sellers according to its earnings from Clif Bar. According to the sources, the giant will get the Clif, Luna, and Clif Kid brands of bars in its portfolio through the acquisition, creating a […]
USA: Athletic Brewing opens non-alcoholic brewery
US firm Athletic Brewing Company has officially started production at its 50,000 square foot new facility in Milford, Connecticut. Athletic Brewing is one of the country’s largest non-alcoholic beer producers and it has experienced exponential growth over the past five years, producing 1.4 million cases of beers in 2021. It is expected that with this […]
USA: New Berlin Beverage acquires iced tea maker Minna
New Berlin Beverage, a recently founded holding company with a focus on emerging and innovative beverages, has announced the acquisition of Minna, a line of sparkling iced teas. Minna’s portfolio consists of various types of sparkling tea, including fruity flavours such as cherry cacao green tea and pineapple passion fruit tea. CEO of New Berlin […]