UK: A.G. Barr to acquire Boost Drinks
Soft drink manufacturer A.G. Barr has announced the acquisition of the functional energy drink brand Boost for an initial consideration of £20 million, on a debt-free, cash-free basis. Founded on 2021, Boost has a portfolio of energy drinks, RTD iced coffees and sport-focused beverages, operating an asset light model, outsourcing production, warehousing, and logistics. “Boost […]
USA: Philip Morris International to become majority shareholder of Swedish Match
Philip Morris International (PMI) has become the majority shareholder of the leading oral nicotine company Swedish Match. PMI has acquired 93 percent of the shares in Swedish Match and its portfolio of oral nicotine products in a move to accelerate its objective of a smoke-free future replacing cigarettes with science-based, better alternatives to smoking products. […]
USA: Deutsch Family Wine & Spirits to enter joint venture for Cantera Negra Tequila
Deutsch Family Wine & Spirits has entered into a joint venture with Two Sons Imports, owners of Cantera Negra Tequila to acquire a partial ownership stake in Cantera Negra to become the exclusive global sale and marketing partner. Cantera Negra is handcrafted in small-batch quantities tequila made from 100% fully mature blue agaves. The portfolio […]
India: Barry Callebaut to build a new facility
Belgian-Swiss cocoa processor and chocolate manufacturer, Barry Callebaut, has announced the construction of its third chocolate and compound facility in India. The company opened its first facility in India in 2007 and since them Barry Callebaut has continuously invested in the Indian chocolate and cocoa market. Upon completion of the new chocolate factory, India will […]
India: Bel Group to enter joint venture with Britannia Industries
French dairy producer Bel Group has entered into a joint venture with Britannia Industries to develop, manufacture and sell cheese products in India and some other markets. Bel Group will acquire 49% stake of Britannia’s wholly-owned subsidiary Britannia Dairy Private Limited for INR 2.62bn (US$32.1m). “This strategic partnership with Britannia in India is a new […]
Spain: Magellan & Cheers acquires Perucchi
New spirits group Magellan & Cheers has announced the acquisition of Spanish vermouth brand Perucchi. The new group is founded and led by Jean-Noël Reynaud, which has an international career of more than 30 years in companies such as Remy Cointreau, Coca-Cola, Lactalis, and Marie Brizard. Perucchi is a brand with 150 years, known especially […]
France: Lavazza to acquire MaxiCoffee
Italian coffee producer Lavazza has reportedly made a binding offer to acquire the French firm MaxiCoffee, owned by the company founder Christophe Brancato, 21 Invest and other investors. According to sources, Lavazza made the deal so that the company can strengthen its position in France and also in e-commerce. Lavazza Chief Executive Antonio Baravalle said: […]
Saudi Arabia: Nestle to Invest $1.86bn in food industry over 10 years
FMCG multinational Nestle has announce the investment of SAR 7 billion (1.86 billion) over the next decade to support business growth. The company will initially invest SAR 375 million ($99.8 million) to build a manufacturing plant which is expected to be opened by 2025. The facility will make infant nutrition products and ready-to-drink coffee, exporting […]
UK: Danish Crown invests in new factory
Denmark-based meat processor Danish Crown has announced the investment in a new bacon factory in Rochdale, Greater Manchester, UK. According to the company’s statement, the aim of the new factory is to offer UK customers high quality, traceable pork products that are manufactured in a more sustainable way and to supply bacon to the UK […]
Chile: Fonterra divests Chile operations
Dairy firm Fonterra has announced the divestment of its Chilean Soprole business. According to the company’s press release, the business was sold for about CLP $591.07 billion ($638.51 million) to dairy firm Gloria Foods. The decision to sell was made in April 2022, after the company released Fronterra’s strategy to 2030. Fonterra CEO, Miles Hurrell, […]