India: Conagra Brands to divest controlling stake in Agro Tech Foods
Conagra Brands, a leading US food manufacturer, has announced that its subsidiary has entered into an agreement with funds advised by Convergent Finance and Samara Capital to divest its 51.8% ownership stake in Agro Tech Foods, a food company based in Mumbai, India. Agro Tech Foods is a manufacturer of ready-to-cook snacks, ready-to-eat snacks, spreads […]
India: Coca-Cola invests $42 million in Madhya Pradesh
Hindustan Coca-Cola Beverages (HCCB), Coca-Cola’s Indian subsidiary, has announced plans to invest 350 crore INR ($42.52 million) to set up two manufacturing lines at its plant in Rajgarh, in India’s Maharashtra state. In a statement, HCCB reportedly revealed the new lines will produce low-cost small sparkling packs (ASSPs) and juice cartons. Commenting on the move, […]
Pakistan: Fauji Foods acquires Fauji Infraveast Foods to consolidate cereal, dairy brands
Fauji Foods Limited (FFL), a Pakistani maker of dairy products, has announced the acquisition of the entire equity stake of its parent company Fauji Foundation in Fauji Infraveast Foods Limited and its cereals business under the brand name Fauji Cereals, to expand its product portfolio and market reach. In a filing with the Pakistan Stock […]
Germany: Vegan Food Group announces acquisition of Tofutown
Vegan Food Group (previously known as VFC Foods) has announced that it has entered into an agreement to acquire Tofutown, a German-based manufacturer of plant-based foods with annual revenues of €60 million ($64 million). Founded in 1989, Tofutown is described as a large-scale supplier of natural, organic tofu, spreads and meat alternatives in the EU. […]
Italy: Coca-Cola HBC invests €42 million in Abruzzo plant
Coca‑Cola HBC, the leading Coca-Cola bottler in Italy, has announced plans to invest €42 million ($45 million) to add two canning lines at its Oricola facility in Abruzzo. According to the company, It is the first time in the plant’s history that it will produce cans, as it has previously focused on recycled plastic products […]
Brazil: Unilever invests in mayonnaise production
Consumer goods giant Unilever has announced an investment of R$80 million ($16.2 million) to expand production of Hellmann’s mayonnaise at its factory in Pouso Alegre, in Brazil’s Minas Gerais state. Established in 1974, the Pouso Alegre facility manufactures over 200 SKUs including Hellmann’s mayonnaise and Knorr stock cubes, and has around 800 employees. According to […]
Australia: Australian Vintage and Accolade Wines in merger talks
Accolade Wines, one of the world’s largest wine companies, has entered into early merger discussions with peer Australian Vintage (AVG), the producer of the McGuigan and Tempus Two brands, according to The Australian Financial Review and The Shout reports. “AVG confirms it is in exploratory discussions with Accolade, however these discussions are still at a […]
Sweden: Lantmannen to sell ready meal brand Gooh to Atria
Lantmannen, a Swedish agricultural cooperative and food manufacturer, has announced the signing of an agreement to divest its Gooh ready meal brand to Atria, a producer of food products across the Nordic countries. Launched at the beginning of 2000s in cooperation with the restaurant Operakallaren, Gooh offers a range of traditional Swedish and international ready-to-eat […]
USA: Heritage Distilling Company acquires Thinking Tree Spirits
Heritage Distilling Company (HDC), a craft distillery based in the US, has announced the acquisition of local peer Thinking Tree Spirits for an undisclosed sum. Thinking Tree Spirits was founded in Eugene, OR in 2014 and is described as an award-winning, women-led, farm-to-flask, Oregon grown house of brands. As a result of the transaction, HDC […]
Australia: Bega to shutter Betta Milk, Pyengana Dairy site
Bega, the Australian dairy firm, has announced it plans to close its plant in Burnie, Tasmania, traditionally a manufacturing site for the Betta Milk and Pyengana Dairy brands, and transfer production to another factory in Hobart. Bega acquired the Burnie facility last year when it bought Betta Milk and Meander Valley Dairy, as well as […]