USA: Flora Food Group acquires facility in Kansas
Global food manufacturer Flora Food Group (formerly Upfield) has announced the acquisition of a factory in Hugoton, in the US state of Kansas In a press release, the company said the facility would become a hub for the group’s cream and cream cheese products in the US and Canada and the rest of Americas, whilst […]
UK: Nestle invests in Purina pet food plant
FMCG giant Nestle has recently announced that the company is investing £150 million ($199 million) to upgrade its Nestle Purina pet food factory in Wisbech, UK. In a press release, the company said it had been investing in its Purina factories worldwide in response to rising pet food sales , noting the category accounted for […]
USA: Diageo acquires 100% of Ritual Zero Proof
Diageo, the leading alcoholic drinks firm, has announced the acquisition of spirit alternative business Ritual Zero Proof to strengthen its non-alcoholic spirits portfolio. Launched in 2019, Ritual Zero Proof is a non-alcoholic spirit brand offering alternatives to whiskey, tequila, gin, rum, and aperitifs. Diageo acquired a minority stake in Ritual Zero Proof via its accelerator […]
Spain: Bimbo to close Valladolid factory
Multinational bakery firm Grupo Bimbo has announced the closure of a manufacturing facility located in San Cristobal, in the Spanish city of Valladolid According to sources, the factory manufactures cakes for brands such as Donuts, Bollycao, Donettes and Tigreton. A second factory in nearby Medina del Campo, which was acquired two years ago from Cerealto […]
USA: Danone proposes full acquisition of Lifeway Foods
FMCG giant Danone has made a non-binding offer to acquire Lifeway Foods, a manufacturer of kefir and probiotic products, for $283 million ($25 per share). Lifeway Foods is a leading provider of kefir drinks and desserts, with distribution in the United States, Mexico, Ireland, South Africa and France. Danone, which already holds 23.4% of Lifeway’s […]
USA: CK Snacks acquires Axium Foods
CK Snacks, a manufacturer of own brand savoury snack foods, has announced the acquisition of its domestic peer Axium Foods. Founded in 1960, Axium Foods specialises in producing tortilla chips, corn chips, extruded snacks, and pellet snacks for private label brands. Commenting on the move, CK Snacks CEO Jamie Colbourne said: “We are thrilled to […]
UK: Edrington to sell The Famous Grouse and Naked Malt
Edrington, a UK-based spirits producer, has announced that it has reached an agreement to sell the The Famous Grouse and Naked Malt scotch whisky brands to William Grant & Sons, one of the world’s leading whisky producers, through its subsidiary The 1887 Company Limited. Founded in 1887, William Grant & Sons offers whisky and spirits […]
Australia: Beston Global Food enters voluntary administration
Leading Australian dairy firm Beston Global Food has entered voluntary administration after failing to find a buyer, according to a report in Convenience & Impulse Retailing. The Beston Global Food product range includes cheese, soft dairy and dairy powders, as well as non-dairy products such as bottled water. According to sources, administrators were called in […]
Cris Arcangeli, Chief Executive Officer
Beauty’in
Gama spoke to Cris Arcangeli, Chief Executive Officer, Beauty’in. What changes have you seen in the consumer goods sector in Brazil (and the wider Latin America region) in recent years, and how do you anticipate it will evolve further? In recent years, the consumer goods sector in Brazil has undergone significant transformations, especially in the […]
Nigeria: Coca-Cola to invest $1 billion in value chain
Coca-Cola, in cooperation with its Nigeria bottling partners, has announced an investment of $1 billion to expand its investments in the country over the next five years. Coca‑Cola said it intended to double its investment rate to support various areas of the value chain, including suppliers, distributors, retailers and recyclers. The new money comes on […]