UK: PZ Cussons acquires Childs Farm
Consumer goods firm PZ Cussons has announced the acquisition of Childs Farm, the UK’s leading baby and children’s personal care brand. According to sources, after the investment, the maker of Carex soap and Original Source shower gel PZ Cussons will hold a 92% stake in Childs Farm for a total of £36.8 million ($48.5 million). […]
Canada: Walmart to build high-tech fulfillment centre
US-based retailer Walmart Canada is investing over $118 million to build a high-tech fulfillment centre in Alberta, Canada. According to sources, the 430,000 sq. ft warehouse, located in Rock View County, will be a delivery hub for orders in Western Canada. The investment is said to be part of the retailer’s strategy to improve shopping […]
France: Coca-Cola invests in manufacturing site
Coca-Cola Europacific Partners has announced an investment of €30 million ($32 million) to create a new production line in its manufacturing facility located in Dunkirk, France. According to Coca-Cola, the site produces a wide range of packs and sizes, and also produces aseptic, which is needed to make still drinks. François Gay-Bellile, CEO of CCEP […]
USA: Goode Partners to invest $30 million in Jocko Fuel
Private equity firm Goode Partners has announced a minority investment of $30 million in Jocko Fuel a provider of premium sport and lifestyle nutritional products. Founded in 2017, Jocko Fuel is a provider of a broad range of premium sports nutrition products, that focus on clean, natural, and functional ingredients offered in several formats such […]
Canada: Diageo to build carbon-neutral Crown Royal distillery in Ontario
Diageo, the leading alcoholic drinks company, has announced the opening of a CAD$245 million ($194million) carbon neutral distillery in Ontario to support the growth ambitions for its Crown Royal Canadian whisky brand. The new distillery will be built according to Diageo’s ‘Society 2030:Spirit of Progress’ sustainability action plan which will operate with 100% renewable energy. It […]
Poland: Ocado to partner with Auchan Poland to develop online business
Digital grocery specialist Ocado has announced its partnership with Auchan Poland to help the retailer develop the online business using the Ocado Smart Platform. Ocado and Auchan Poland will build a customer fulfillment centre in Warsaw starting in 2024, with more centres to be built after that. Ocado said that Auchan will benefit from its […]
USA: Nestle to invests $675 million to build a factory in Arizona
Nestle USA has announced an investment of $675 million to build a new factory in Glendale Arizona to meet the growing demand for its products. The new facility will produce creamers for Nestle’s category-leading portfolio, including the Coffee mate, Coffee mate natural bliss, and Starbucks brands. “Beverages play an increasingly important role in the lives […]
USA: LT Foods to acquire Golden Star Trading
Global food company LT Foods through its subsidiary LT Foods Americas has acquired a 51% controlling stake in Golden Star Trading Inc. along with its brand Golden Star. Golden Star Trading is an American company that markets jasmine rice products under the Golden Star brand being all GMO free, gluten free, and natural and/or organic. […]
India: Fonterra and Future Consumer end partnership
New Zealand dairy firm Fonterra and Indian food-led FMCG company Future Consumer have agreed to end their dairy joint venture in India. Fonterra is a global dairy nutrition company owned by 10,000 farmers and their families, united by a fundamental belief in the power of dairy to make a difference, while Future Consumer builds brands […]
USA: PepsiCo to invest $260 million to expand facility in Georgia
PepsiCo, the global snacks and drinks giant, has announced the investment of $260 million in its manufacturing facility in the city of Tucker, Georgia. The expansion will create about 136 new full time jobs, bringing up PepsiCo’s total workforce in DeKalb county to over 600. The facility will be expanded by more than 260,000 sq […]