India: Procter & Gamble to set up export manufacturing hub in Gujarat
Procter & Gamble, the US multinational, has announced a 2,000 crore INR ($163.99 million) investment to set up an export hub in India, according to a Times of India report. The new 50,000 sq m facility in Sanand, near Ahmedabad will reportedly use state-of-the-art technology to manufacture digestive wellness products, fully automated in line with […]
India: CCL Products to invest $300 million in instant coffee plant
Indian instant coffee maker CCL Products has announced plans to build a new 400 crore INR ($304 million) manufacturing plant in Kuvvakolli, in India’s Andhra Pradesh state, according to an Economic Times report. The facility, which is to be built on a 22-acre site, will include a plant with an annual capacity of 16,000 metric […]
USA: Walgreens Boots Alliance to close 450 branches across UK and US
Walgreens Boots Alliance (WBA), a global leader in retail pharmacy, has announced the closure of 300 Boots stores in the UK and a further 150 Walgreens branches in the US, according to BBC and Financial Times reports. Speaking in a conference call to announce its financial results for the third quarter of fiscal 2023, the […]
Canada: Nature’s Path announces acquisition of Love Child Organics
Nature’s Path, an organic breakfast and snack food company, has announced the acquisition of Love Child Organics, a Canadian organic baby food and children’s snack brand. Reportedly started from homemade recipes, Love Child Organics is touted as having been created on the promise of delivering “truly healthy, clean and organic” baby and children’s food products. […]
Finland: Coca-Cola HBC to acquire Finlandia vodka from Brown-Forman
Coca-Cola HBC, the Swiss-based soft drinks bottler, has announced it has reached an agreement to acquire to acquire Brown-Forman Finland, owner of the Finlandia vodka brand, for $220 million. The company said the acquisition would strengthen its portfolio across more of its markets, enhancing its position as a leading 24/7 beverage partner through mixability opportunities […]
USA: ITG Brands acquires nicotine pouch range from TJP Labs
ITG Brands, a subsidiary of global tobacco and nicotine business Imperial Brands, has announced the acquisition of a nicotine pouch range from Canadian manufacturer TJP Labs to aid its entry into the modern US oral market. In a statement, ITG Brands, which currently produces a range of cigarettes, cigars and vapour products, said it had […]
Spain: Grupo Apex acquires Patatas Fritas Santo Reino
Grupo Apex, a leader in the Spanish snacks market, has announced the acquisition of Patatas Fritas Santo Reino, a manufacturer and distributor of traditional crisps and other salty snacks. The acquisition will give Grupo Apex its eighth factory in Spain and expand the company’s manufacturing presence to the Andalusia region. “The acquisition allow Grupo Apex […]
Italy: BAT opens innovation hub for “new category” products
Multinational tobacco firm British American Tobacco has announced the opening of a new innovation hub in the Italian city of Trieste focusing on “new category” products such as e-cigarettes, novel oral nicotine and heated tobacco. In a press release, BAT said the hub would include laboratories, production offices, technical rooms, 12 production lines for new […]
USA: Unilever to acquire Yasso greek yoghurt brand
Unilever, the multinational consumer goods giant, has announced that the company has reached an agreement to acquire Yasso, a US frozen greek yogurt brand. Yasso offers a range of convenient frozen snacks, including novelty stick bars, chocolate crunch bars, frozen greek yogurt sandwiches and mochi. Commenting on the acquisition, Matt Close, president ice cream at […]
Denmark: Carlsberg invests $44 million in Ukraine operations
Leading Danish brewer Carlsberg has announced that the company is investing 1.5 billion UAH ($44 million) in its Ukraine operations in 2023. In a press release, the company said the investment would be used to install a new production line to increase capacity for canned products. Oleh Khaidakin, managing director of Carlsberg Ukraine, said: “This […]