India: Tata Consumer Products to acquire Capital Foods and Organic India
Tata Consumer Products, the Indian FMCG conglomerate, has announced the acquisition of food and drinks businesses Capital Foods and Organic India for a reported combined investment of 70 billion INR ($845 million). Tata Consumer Products said the deal was aligned with the company’s strategy to “expand its product portfolio and its target addressable market in […]
UK: Bernard Matthews mulls site closure
UK poultry producer Bernard Matthews has announced plans to close a factory in Great Witchingham, Norfolk that makes cooked meats, with up to 600 jobs potentially affected, according to reports in Food Manufacture and Eastern Daily Press The company has reportedly already ceased production at the plant, having concluded it is no longer commercially viable […]
Australia: V2food acquires ready meal brand Soulara
V2food, a plant-based food company, has announced the acquisition of ready-meal brand Soulara in order to broaden its portfolio, extending its reach from retail and food service to the direct-to-consumer channel. Soulara claims to offer “chef-crafted, plant-based meals” that are made with a diverse range of ingredients and have a small environmental footprint. Commenting on […]
China: PAG Private Equity to acquire majority stake in Food Union Europe
PAG Private Equity, a global investment firm headquartered in Hong Kong, has agreed to acquire a majority stake in Food Union Europe, a Latvia-based producer of ice cream with a presence in six European countries. The fund will obtain shares from the founder and other private stakeholders involved in the transaction. After acquisition, PAG will […]
USA: Molson Coors targets “Dry January” with beer-flavour mints
North American brewing major Molson Coors has launched a limited-edition confectionery product that targets consumers cutting back on alcohol as part of the “Dry January” initiative. Launched under the Miller Lite brand, the company’s beer-flavoured mints went on sale in its online shop from 12th January 2024, packaged in a 32 g tin priced at […]
Switzerland: Nestle to invest $100 million to expand coffee production in Vietnam
Global FMCG giant Nestle has announced an investment of $100 million to expand its Tri An coffee facility in the southern Vietnamese province of Dong Nai. According to the company, the investment will help to meet growing local and international consumer demand for high-quality coffee. The Nestle Tri An factory exports coffee products from brands […]
USA: Mars investing in new factory for Nature’s Bakery snack bar brand
Mars, the global confectionery giant, has announced it is establishing a 339,000 sq ft baking facility for the Nature’s Bakery snack bar brand in Salt Lake City (UT) via a $237 million investment. Founded in 2011 and headquartered in Reno, Nevada, Nature’s Bakery has reportedly become the US’s eighth best-selling and fastest-growing granola and snack bar brand. […]
Australia: Meditrina Beverages acquires Warburn Estate
Meditrina Beverages, a drinks company newly created by the Taliano family, is acquiring the assets of Warburn Estate, a winery located in the Riverina region of the Australian state of New South Wales. The deal, which is set to be concluded by March, includes the land, plant, equipment, trademarks and intellectual property, as well as […]
Finland: Arla plans production expansion
Arla Foods, the Danish dairy cooperative, is making an investment in Finland to boost its manufacturing capacity in the country. The firm has now fully acquired Massby Facility and Service, a property management company that services a dairy in Sipoo, near Helsinki, enabling it to take over production and office premises previously used by Unilever. […]
USA: AUA Private Equity Partners acquires Weaver Holdings
AUA Private Equity Partners, a private equity fund, has announced the acquisition of Weaver Holdings, a leading popcorn producer, for an undisclosed sum. Founded in 1928 and headquartered in Indiana, Weaver Holdings is described as the leading independent popcorn producer in the United States, offering popping corn, microwave popcorn, and ready-to-eat popcorn under the Pop […]