Saudi Arabia: Almarai acquires International Dairy and Juice stake from PepsiCo
Saudi Arabia based dairy firm Almarai has recently announced the purchase of a 48% stake in International Dairy and Juice from FMCG giant PepsiCo to become the 100% owner of the business According to a report in The National, International Dairy and Juice was formed as a joint venture in 2009 via a partnership between […]
Lentils muscle into breakfast foods
The latest innovation insight from Gama Compass MANCHESTER – 27th February 2023: This month, Gama turns its gaze towards continued advances in on-the-go breakfast foods, examining a launch pushing in-vogue pulses and legumes as a contender to rival oats in the hot cereals category – Lentiful Instant Lentils. New to consumers in the US, Lentiful is […]
USA: Tyson Foods to acquire Williams Sausage Company
US multinational food firm Tyson Foods has announced that the company has signed an agreement to purchase Williams Sausage Company, a producer of fresh and cooked sausages, bacon and sandwiches. Based in Union City, Tennessee, Williams Sausage Company currently has 500 employees and supplies to both retail and foodservice custpmers. Stewart Glendinning, group president, prepared […]
India: Hindustan Unilever to sell Annapurna and Capitan Cook brands
Hindustan Unilever Ltd (HUL), Unilever’s Indian subsidiary, has announced it has sold its atta and salt business under the Annapurna and Capital Cook brands to Uma Global Foods and Uma Consumer Products, both subsidiaries of Reactivate Brands International. The sale is part of HUL’s strategy to divest non-core categories and focus on the growth of […]
Portugal: Dia studying exit with Minipreco sale – reports
Spanish retailer Dia is exploring the possibility of selling its business in Portugal, where it operates under the Minipreco banner, according to reports in Jornal de Negocios and Inforetail. The company currently has 499 Minipreco supermarkets in the country, 297 of which are said to be operated under franchising arrangements. Dia also owns three distribution […]
Mexico: Casa Maestri to acquire Bellagave Infused Tequila
Mexican tequila distillery Casa Maestri is to acquire Bellagave Infused Tequila, a 100% blue agave tequila brand, for an undisclosed sum, according to a FoodBev report. The acquisition, which will expand Casa Maestri’s portfolio of premium tequila brands, comes a month after the firm acquired Santera Tequila, a blue weber agave tequila line. “It’s a […]
Germany: CCEP to invest in production line for reusable bottles
Coca-Cola Europacific Partners (CCEP) has announced an investment of over €40 million ($43 million) in a new production line at its factory in Luneburg, Germany for reusable glass bottles. The new filling line, which is expected to be operating by summer 2024, is designed for the Coca-Cola, Fanta and Sprite brands. 30 new jobs are […]
Australia: V2food to close Wodonga plant
Plant-based firm V2food has announced that it plans to close its manufacturing facility in Wodonga Australia, with production transitioning to other facilities over the course of the year. According to an article in Grain Central, the company originally established the plant in 2020 to manufacture the soya isolates on which V2food’s products are based, but […]
USA: Morinaga Nutritional Foods to buy Tofurky and Moocho
Morinaga Nutritional Foods, a US-based manufacturer of soya and dairy products, has announced the acquisition of the Tofurky and Moocho plant-based brands in the US. In a statement, Morinaga Nutritional Foods said it would use the acquisition to strengthen its presence in the plant-based sector and boost new product development. Founded in 1980, Tofurky is […]
Brazil: Diageo opens new distribution centre
Alcoholic drinks firm Diageo has announced the opening of a new distribution centre in the city of Extrema in Brazil’s Minais Gerais state. The centre, which opened its doors on 2nd February, is intended to consolidate operations from three other facilities and will be responsible for supplying 60% of national demand, according to sources. The […]