USA: Electrolit announces $400 million manufacturing facility
Electrolit, the Mexican sports drink firm, has announced plans to build a new $400 million manufacturing facility in the US state of Texas. The new 600,000 sq ft plant will be the company’s first US-based production facility and is expected to open by 2026. It is being constructed in response to “surging” demand driven by […]
Switzerland: Nestle to spin off water and premium beverages business
Nestle, the Swiss consumer goods giant, has announce plans to spin-off its water and premium beverages business from 1st January 2025. “As part of the action plan to drive operational performance and unlock potential, Nestlé’s water and premium beverages activities will become a global standalone business under the leadership of Muriel Lienau, Head of Nestlé […]
Germany: Koawach launches “cocoa juice” energy drink
Organic cocoa and guarana specialist Koawach has announced the launch of an energy drink which is claimed to be the world’s first caffeinated soft drink made with cocoa fruit juice. Koawach said it had collaborated with Koa, a Swiss-Ghanaian startup that specialises in upcycling cocoa fruit pulp, to create the beverage, which reportedly has 75mg […]
USA: Nestle to invest $150 million in frozen food plant
Nestle, the Swiss consumer goods giant, has announced an investment of $150 million to expand its frozen food facility in Gaffney, South Carolina. The investment will be used to install a new production line for single-serve frozen meals and upgrade automation and digital technology. Operating since 1980, the Gaffney plant produces frozen food for brands […]
USA: Lolli & Pops acquires Hammond’s Candies
Lolli & Pops, a portfolio company of private equity firm TerraMar Capital, has announced the acquisition of US-based confectionery producer Hammond’s Candies for an undisclosed sum. Founded in 1920, Hammond’s manufactures handcrafted candy canes, lollipops, and other classic sweet treats. Lolli & Pops is a leading retailer of chocolates and other unique sweets from around […]
Australia: Arnott’s acquires Mother Earth, Flemings and VP brands
Arnott’s, the Australian biscuit and cracker firm, has announced the acquisition of New Zealand food brands Mother Earth, Flemings, and VP Brands from Prolife Foods to expand its snacking portfolio. Mother Earth is described as a brand of muesli bars and baked slices with a growing presence in Australia. Flemings and VP offer bars, nuts […]
UK: Samworth Brothers puts Soreen brand up for sale
Samworth Brothers, a leading UK supplier of chilled and ambient foods, is seeking a buyer for its Soreen cakes business, according to reports in Grocery Gazette and The Grocer. Founded in Manchester in the 1930s, Soreen is especially known for its flagship malt loaf, which is marketed as a low fat option with 43% sugar than […]
India: Agro Tech Foods to acquire Del Monte Foods
Agro Tech Foods (ATFL), a confectionery and snacks firm backed by private equity firm Samara Capital, has announced it has entered into an agreement to acquire Del Monte Foods in a 1,300 crore INR ($156 million) share swap deal with Bharti Enterprises and Del Monte Pacific. Following the acquisition, Del Monte Foods will become a […]
USA: Lactalis announces $55 million investment to increase feta production
Lactalis, the French dairy giant, has announced plans to invest $55 million at a plant in Tulare (CA) to increase feta cheese production. This investment will be used to build a 38,000 sq ft production line, creating 20 full-time jobs. Commenting on the investment, Lactalis USA chief executive officer Esteve Torrens said: “We are expanding […]
Australia: Instacart and Coles to launch ‘smart trolleys’
Instacart, the US grocery technology company, and Coles, the Australian supermarket retailer, have announced a partnership to bring Caper Carts ‘smart trolleys’ to the Asia Pacific region for the first time, expanding their presence beyond North America. Caper Carts, which will launch in Australia in early 2025, are described as being equipped with artificial intelligence (AI) systems, […]