USA: Danone exploring potential sale of organic dairy brands
Danone, the French consumer goods giant, has announced it is exploring strategic options, including a potential sale, for its organic dairy activity in the US, comprising the Horizon Organic and Wallaby businesses. “This announcement is an additional step in the portfolio review and asset rotation program the company announced in March 2022, as part of the Renew […]
Mexico: Grupo Bimbo acquires Romanian bakery firm Vel Pitar
Grupo Bimbo has reached an agreement to acquire Romania’s largest bakery firm Vel Pitar, thus adding a new market to its portfolio, according to a report in Profit.ro. The manufacturer was purchased from Broadhurst Investments, an investment fund controlled by NCH Capital, in a deal reportedly worth around €200 million. In 2021 (the last year […]
‘Ice cube’ soup hones in on convenience, waste-free benefits
The latest innovation insight from Gama Compass MANCHESTER – 31st January 2023: This month’s Innovation Insight spotlights a new launch aiming to ally the distinct virtues of chilled and dried soup through a novel ‘ice cube’ format – Soupologie Souper Cubes. An extension to Soupologie’s health-focused line of ready-made, vegetable-forward soups in the UK, Soupologie Souper Cubes […]
Germany: Korch and Hermann Wein announce merger
German meat producers Radeberger Fleisch- und Wurstwaren Korch (Korch) and Hermann Wein have announced the two businesses are to combine, according to a report in Lebensmittel Praxis. Korch’s Original Radeberger Premium Lachsschinken ham is said to be particularly popular in the former east, while Hermann Wein is described as the market leader in Germany for black forest […]
France: Discount retailer Toujust to make debut
Toujust, a new French grocery retailer, is planning to make its debut in the first quarter of this year, promising prices that are up to 10% lower than its direct competitors. The chain, whose name is a play on the expression “tout juste” (“just right”), will be 25% owned by its suppliers, with whom the […]
UK: Sainsbury’s partners with Just Eat for deliveries
UK based supermarket retailer Sainsbury’s has signed a partnership agreement with takeaway food app Just Eat for rapid grocery deliveries. According to an article in Retail Gazette, the partnership will allow Sainsbury’s customers to benefit from 30-minute deliveries. In a first phase, the service will be available in London, Edinburgh and Bristol, launching in 175 […]
Germany: AsCom Confection acquires Bodeta
German chewing gum manufacturer AsCom Confection has taken over confectionery producer Bodeta after the latter had filed for insolvency, according to a report in Lebensmittel Praxis. Bodeta was reportedly struggling financially due to rising energy and raw material costs, leading the firm to trigger a process of self administration in order to restructure its business. […]
Italy: Latteria Soresina to acquire Fratelli Oioli
Latteria Soresina, the leading Italian dairy cooperative, has announced the acquisition of Fratelli Oioli, a dairy company specialising in the production of gorgonzola cheese with protected designation of origin (PDO). In a press release, Latteria Soresina said the acquisition would make it the first company able to offer PDO gorgonzola from ‘farm to table’. “The […]
Canada: Bimbo to invest in tortilla production line
Bakery firm Bimbo has announced it plans to invest C$15 million ($11.2 million) in a new tortilla production line in Hamilton, in Canada’s Ontario province. According to an article in Canadian Grocer, the company made the decision to invest in the new line in order to meet growing market demand in Western Canada. Bimbo’s investment […]
Brazil: General Mills to shutter Parana plant
US food giant General Mills has announced that the company will close its manufacturing facility in Cambara, in Brazil’s Parana state. According to sources, the facility processes cassava, potato and peanut products, and the company plans to transfer production to another plant in Pouso Alegre, Minas Gerais. The closure will reportedly lead to the loss […]