Australia: Mighty Craft to purchase Adelaide Hills Group
Australian craft drinks firm Mighty Craft is set to add the Adelaide Hills Distillery, Mismatch Brewing, and Hills Cider brands to its portfolio through the acquisition of alcoholic drinks firm Adelaide Hills Group, in a deal worth A$47 million ($36 million). The Adelaide Hills Distillery’s range includes gins and Australian whisky under the 78 Degrees […]
Turkey: Kraft Heinz to purchase sauce maker Assan Foods
Kraft Heinz, the leading US food and drinks multinational, has announced an agreement to purchase Turkish sauces business Assan Foods for approximately $100 million. Assan Foods manufactures and sells a wide range of products including tomato paste, ketchup, mayonnaise, and pasta and meat sauces under brands such as Colorado, Kingtom, and Oba, as well as […]
Netherlands: Livekindly Collective to purchase The Dutch Weed Burger
Livekindly Collective, described as an activist network focused on meat-free foods, is set to acquire The Dutch Weed Burger, a Netherlands-based company that uses seaweed to make plant-based meat alternatives, according to a FoodBev report. Founded in 2019, The Dutch Weed Burger offers a wide variety of plant-based foods enriched with algae and microalgae, such […]
USA: Flowers Foods acquires assets of Koffee Kup Bakery
Flowers Foods, a producer of baked foods known for brands such as Nature’s Own, Dave’s Killer Bread, Wonder, and Canyon Bakehouse, has announced it has acquired the assets of Koffee Kup Bakery (KKB) from the court-appointed receiver for an undisclosed sum. Based in Vermont, KKB produces a range of baked goods, including bread, doughnuts and […]
USA: Cacique to build dairy processing facility in Texas
US-based Hispanic foods manufacturer Cacique has announced that the company is building an $88 million dairy processing facility in Amarillo, Texas, USA. According to sources, the construction of the new 200,000 sq. ft facility has already started and the decision to build the new plant was driven by the need to meet the growing demand […]
USA: General Mills to cut jobs due to restructuring process
US food giant General Mills has announced that the company is restructuring and plans to cut up to 1400 jobs worldwide. According to sources, the company plans to cut from 700 to 800 jobs in the US and Canada and 500 to 600 jobs internationally. In May, General Mills filed a Form 8-K to announce […]
USA: Frito-Lay to invest $200 million in Rosenberg snack facility expansion
Frito-Lay, a division of PepsiCo and leading snack manufacturer has announced it is to invest $200 million on its Rosenberg, Texas, site. The investment will be used to create two manufacturing lines for snack brand Funyuns and tortilla chips, as well as increase the capacity in its warehouse. Expected to be complete by 2023, the expansion […]
UK: Tesco and Carrefour to discontinue purchasing alliance
British retailer Tesco and French retailer Carrefour have announced that their purchasing alliance will not be extended. The global purchasing alliance was announced on July 2018, formed to cut down costs and secure better deals with major suppliers. Operational for three years, the alliance enabled the retailers to access new opportunities, suppliers, and new products. […]
China: Reckitt Benckiser to offload infant formula business for $2.2billion
British consumer goods multinational, Reckitt Benckiser has signed an agreement to sell its infant formula and child nutrition business in China to a private equity firm Primavera for $2.2 billion. The deal includes a manufacturing site in Nijmegen, the Netherlands and Guangzhou, China, and the royalty-free perpetual and exclusive licence of the Mead Johnson and […]
USA: TreeHouse Foods to sell ready-to-eat cereal business to Post Holdings
North American leading manufacturer and distributor of private label packaged foods and beverages TreeHouse Foods, has simultaneously signed a definitive agreement and completed the sale of its ready-to-eat cereal business to Post Holdings for $85 million. The acquisition includes two manufacturing facilities located in Lancaster, Ohio and Sparks, Nevada and a research and development facility […]