USA: General Mills to sell North American yoghurt business to Lactalis and Sodiaal
US food giant General Mills has entered into an agreement to sell its North American yoghurt business to leading French dairy companies Lactalis and Sodiaal for $2.1 billion. Lactalis will acquire the US division, while Sodiaal will acquire the Canadian division. The deal includes brands such as Yoplait, Liberte, Go-Gurt, Oui, Mountain High and Ratio, […]
USA: Unilever invests in supplements business Create Wellness
Unilever Ventures, the venture capital arm of consumer goods giant Unilever, has led a $5 million funding round in US-based creatine supplement firm Create Wellness. Founded in 2022, Create Wellness makes supplement gummies that are claimed to improve strength and cognition and facilitate muscle recovery. The company reportedly plans to use the funding to increase […]
USA: Cal-Maine Foods announces joint venture with Crepini
US egg producer Cal-Maine Foods has announced it has made a strategic investment in Crepini, establishing a new egg and prepared foods joint venture. Crepini produces egg wraps, protein pancakes, crepes and wraps that are retailed in over 3,500 stores in the US and Mexico. Cal-Maine Foods will capitalize Crepini with approximately $6.75 million in […]
UK: Aldi announces £800 million investment to accelerate expansion
German retail giant Aldi has announced an investment of £800 million ($1 billion) to expand its presence in the UK. In a press release, the retailer descrbed the sum as its “largest ever package of annual investment”, and said it plannedto open 23 new stores before the end of the year, including Muswell Hill in […]
Egypt: Kellanova to sell majority stake in Bisco-Misr
Kellanova, the leading US cereal and snacks firm, has announced that it has reached an agreement to sell its majority stake in Egyptian biscuit producer Bisco-Misr to Hayel Saeed Anam Group (HSA Group), a diversified business conglomerate. Founded in 1957, Bisco Misr is the leading packaged biscuit company in Egypt, with manufacturing facilities in Cairo […]
USA: Amazon launches budget private label brand
E-commerce giant Amazon has announced the launch of Amazon Saver, a new private label range of budget groceries for its US consumers. Amazon said it had already begun rolling out the new brand line, which includes items such as crackers, biscuits, canned fruit and condiments each priced at under $5, and planned to add more […]
Japan: Meiji to reorganize yoghurt production
Meiji, the Japanese food and pharmaceutical firm, has announced plans to reorganise its production network by building a new plant in Atsugi, Kanagawa and closing three of its existing yoghurt factories. The new plant, covering 17,271 square metres, will be constructed with an investment of ¥40 billion (£279 million). It will produce both plain yoghurt […]
Ireland: Valeo Foods to acquire IDC Holding
Valeo Foods, the Irish food firm, has announced the acquisition of IDC Holding, an independent producer of wafers, biscuits, and confectionery in Central and Eastern Europe, for an undisclosed sum. The acquisition is said to include the CandyPlus operation in the Czech Republic, the Balconi business in Italy, and the Schluckwerder business in Germany, which […]
Tradeshow Look Ahead: Nicolas Trentesaux, SIAL 2024
Gama spoke to Nicolas Trentesaux, SIAL Network Managing Director, ahead of the latest edition of SIAL. SIAL is celebrating its 60th anniversary this year. How are you planning to commemorate the occasion? This year, SIAL is characterised by both a retrospective and forward-looking approach to the food sector. Attending SIAL on its 60th anniversary is […]
USA: Hain Celestial sells ParmCrisps brand to Our Home
Hain Celestial, the natural foods firm, has announced that it has completed the sale of its ParmCrisps brand to Our Home, a US-based snack company. Founded in 2017, ParmCrisps is known for its high-protein, low-carbohydrate cheese crisps and snack mixes. Commenting on the move, Hain Celestial group president and CEO Wendy Davidson said: “By divesting […]