USA: P&G acquires haircare brand Mielle Organics
Procter & Gamble (P&G), the global personal and homecare firm, has announced the acquisition of Mielle Organics, a US haircare brand that particularly serves women in the Black community. Founded in 2014, Mielle Organics has become a leading brand for consumers with textured hair through innovative, technology-driven products, natural ingredients, and inspirational and educational content, […]
India: ITC acquires health-forward snack brand Yoga Bar
ITC, the leading Indian conglomerate, has announced the acquisition of Sproutlife Foods, the company behind the Yoga Bar brand of cereal and snack foods, over the next three to four years. In a press release, ITC said the deal would enable it to further diversify its portfolio and enhance its presence in the ‘good for […]
Philippines: Diageo to acquire Don Papa Rum
Diageo, the leading alcoholic drinks company, has reached an agreement to acquire Don Papa Rum, a super-premium, dark rum from the Philippines. In a press release, Diageo said the acquisition involved an upfront consideration of €260 million ($282 million) with a further potential consideration of up to €177.5 million ($192.5 million) through to 2028 subject […]
Australia: Endeavour Group to acquire Cape Mentelle Winery
Endeavour Group, which claims to be Australia’s leading retail drinks and hospitality business, has announced it has reached an agreement with global alcoholic drinks firm Moet Hennessy to acquire winemaker Cape Mentelle Winery. Located in Western Australia’s Margaret River, Cape Mentelle Winery was established in 1970 as one of the founding five wineries of The […]
Ireland: Kerry to sell Sweet Ingredients Portfolio to IRCA for €500 million
Global food manufacturer Kerry Group has entered into exclusive negotiations to sell its Sweet Ingredients Portfolio to INCA, an international leader in chocolate, creams and high-quality semi-finished food ingredients, for €500 million. The Sweet Ingredients Portfolio is a manufacturer of sweet and cereal products with a broad range of technological capacities serving the markets of […]
Russia: Magnit to create new discount supermarket – reports
Russian retailer Magnit is reportedly planning to open a new discount supermarket chain, according to an article on the Kommersant newspaper. Sources close to the retailer reported that the retailer plans to develop a new chain of discounters, a concept that started being planned in 2022, it is expected to be approved in Q1 2023 […]
China: Geek Bar to build a new production facility in China
E-cigarette brand, known for its disposable vape devices, Geek Bar has made an investment of $146 million in a new production facility as part of its plans of growth in the UK. The facility will be built in the Zhuhai National Hi-Tech Industrial Development District in China’s Guangdong province, and according to sources, the assembly […]
Colombia: AB InBev to invest $413million in new Colombia brewery
Bavaria, local AB InBev brewer, has announced the investment of $413 million in the construction of a new brewery in the municipality of Palmar de Varela in Colombia. The brewery plans to begin operational by mid-2024 expecting to generate 350 direct jobs and 7,000 indirect job. The facility will produce beer brands such as Aguila, […]
USA: Sovos Brands to complete the sale of Birch Benders
US-based consumer-packaged food company Sovos Brands has announced that it has completed the divestiture of the pancake & waffle mix brand Birch Benders and related assets to Hometown Food Company. Sovos Brands offers a portfolio of pasta sauces, dry pasta, soups, frozen entrees, frozen pizza and yoghurts, sold under the brand names Rao’s, Michael Angelo’s […]
USA: Silver Bay Seafoods to acquire Orca Bay Foods
Fishermen owned company Silver Bay Seafoods has announced the acquisition of food processing company Orca Bay Foods. Both companies formed a joint venture over the past few years where Silver Bay was the supplier of seafood and Orla Bay was processing, selling, and marketing the products. “Orca Bay is excited to join Silver Bay Seafoods […]