Australia: Minerva Foods acquires Australian Lamb Company
Minerva Foods Australia has announced the acquisition of Australian Lamb Company, an Australian meat firm. Minerva Foods Australia, a joint venture of Minerva and Saudi Agricultural and Livestock Investment Company (35%), will own 100% of the issued shares in Australian Lamb Company, in a deal worth A$400 million ($253 million). Australian Lamb Company is one […]
USA: Philip Morris International to reach agreement with Altria Group
Philip Morris International (PMI) has reached an agreement with Altria Group (Altria) to end the companies’ commercial covering IQOS in the USA. From 30th April 2024, PMI will have full rights to sell IQOS in the USA. As part of the agreement, PMI will pay a total cash consideration of $2.7 billion. The agreement between […]
USA: JBS discontinues Planterra Foods
Global meat firm JBS has decided to discontinue its US plant-based foods unit Planterra Foods, according to a FoodBev report. The firm will reportedly now focus its efforts in plant-based foods Brazil and Europe, where its customer base and market share are said to be growing. Nikki Richardson, head of corporate communications at JBS USA, […]
Australia: Carman’s acquires Fruit Wise
Australian cereal and snacks producer Carman’s has announced the acquisition of family-owned snacks and breakfast foods producer Fruit Wise. According to a statement released by Carman’s, the companies share their outlook on healthy snacks and the purchase comes after one year of discussions. Commenting on the acquisition, Bridget Beal, managing director of Fruit Wise said: […]
USA: Kroger and Albertsons announce merger
US retail chains Kroger and Albertsons, currently ranked No. 1 and No. 2 largest supermarket retailers in the country, have announced that the companies are to merge. According to a Kroger press release, the merger will expand customer reach and improve proximity to fresh and affordable food to around 85 million households. Under the terms […]
USA: Primo Water acquires Crystal Spring Water Company
Florida-based Primo Water Corporation has announced the acquisition of all the assets of fellow bottled water producer Crystal Spring Water Company, which is based in Rhode Island. According to Primo Water Corporation, the purchase will allow it to increase its distribution in both Rhode Island and South-eastern Massachusetts, where Crystal Spring Water Company’s products are already present. Tom […]
USA: Constellation Brands divests a portion of its wine brands
Constellation Brands, the leading international beer, wine and spirits firm, has announced that it is divesting part of its mainstream premium wine brands to The Wine Group. According to a company press release, the decision to sell most of its popular and mainstream premium wine portfolio to The Wine Group, including the brands Cooper & […]
China: Bubs enters production and distribution agreement for goat milk infant formula
Goat milk manufacturer Bubs Australia has announced that it has made an agreement with Heilongjiang Ubeite Dairy Group (HUG) to produce and distribute Bubs China label goat milk infant formula in China. According to a Bubs press release, the new “ultra-premium” Bubs China label infant formula range has been created exclusively for the Chinese market, […]
Australia: Asahi acquires soft drinks firm StrangeLove
Japanese drinks giant Asahi has announced the acquisition of Australian soft drinks firm StrangeLove. According to sources, StrangeLove offers a range of adult soft drinks including sparkling waters, low-calorie sodas and premium mixers. Robert Iervasi, Asahi CEO, said: “We expect StrangeLove to really shake things up in the on-premise premium mixer and adult soft drink […]
Australia: Diageo acquires Mr Black liqueur
Alcoholic drinks firm Diageo has announced the acquisition of Mr Black, a premium cold brew coffee liqueur from Australia. In a statement, Diageo said it had already purchased a minority stake in Mr Black in 2015 through its incubator programme Distill Ventures. Mr Black’s liqueur is described as being made using modern coffee brewing techniques […]