Spain: Carrefour to acquire 172 stores from Supersol
Global retail giant Carrefour has announced the acquisition of 172 convenience stores and supermarkets from the Spanish retail chain Supersol. The French retailer operates 1,179 stores across Spain, recording net sales of €8.8 billion ($10.5 billion) in 2019 while the total net revenue of Supersol was €450 million ($537 million) last year. The stores involved […]
Australia: Kirin and Mengniu to terminate Lion Dairy & Drinks deal
Kirin and Mengniu have announced that they will not complete their planned million transfer deal for tLion Dairy & Drinks, which was announced towards the end of 2019. The deal between the two companies had been awaiting approval from Australian competition regulators. Reuters noted that the announcement followed a media report last week that the deal […]
Canada: Fromagerie L’Ancetre to acquire Fromagerie Le Baluchon
Canada-based cheese and butter producer Fromagerie L’Ancetre has announced the acquisition of Fromagerie Le Baluchon, a local cheese producer, for an undisclosed sum. Based in the Quebec region, Fromagerie Le Baluchon is a producer of organic cheese, said to be most well-known for its fine cheese Baluchon. The acquisition will reportedly allow L’Ancetre to diversify […]
Brazil: Nestle invests $135 million in manufacturing, operations
Multinational food and drinks giant Nestle has announced investments of R$762 million ($135 million) in its Brazilian operations over the course of this year. The investment is earmarked for both creating new manufacturing lines and modernizing existing ones in the company’s facilities in Sao Paulo, Espirito Santo, Bahia, and Minas Gerais. The investment will be also […]
USA: United Sports Brands to acquire Glukos Energy
Sporting goods firm United Sports Brands has announced the acquisition of Glukos Energy, a manufacturer of energy supplements. Glukos Energy provides the “ultimate source of natural energy” for athletes, offering a range of high-glucose such as drinks, gels, and chewable tablets, reportedly allowing its consumers to achieve high levels of performance. Michael Magerman, president and CEO […]
USA: Kellogg to invest $43 million in MorningStar Farms facility
Leading US cereal and snacks firm Kellogg has announced plans to invest US$43 million in its MorningStar Farms manufacturing facility in Ohio, USA Founded in 1974, MorningStar Farms is a producer of “better-for-you and better-for-the-planet” plant-based foods such as burgers, nuggets, and hot dogs. Last year, the company launched an imitation meat line called Incogmeato. […]
China: Coca-Cola to invest $75 million in new production facilities
Global soft drinks giant Coca-Cola and its bottling partners have announced plans to invest $75.3 million on new production lines and a factory in China, according to a FoodBev report. Swire Coca-Cola China, one of Coca-Cola’s bottling partners, is said to be investing $36.2 million in six new production lines, creating an estimated output of […]
USA: Diageo to acquire Aviation American Gin owner Davos Brands
Diageo, the leading alcoholic drinks firm, has announced the acquisition of gin brand Aviation American Gin, and its owner Davos Brands, for $610 million. The acquisition also add brands such as Astral tequila, Sombra mezcal, and TYKU sake to the Diageo portfolio. The acquisition supports the participation of Diageo in the super premium gin sector in […]
UK: Bestway Wholesale to sell 37 stores
Independent UK food and drink wholesaler Bestway has announced the sale of 37 outlets across the country, in line with its strategy of reducing its overall store footprint, according to a Kam City report. Dawood Pervez, managing director of Bestway Wholesale, said: “We remain committed to corporate stores and would still be operating c.140 stores […]
USA: Plumrose to build $200 million facility for Italian meat and charcuterie
Branded packaged meat company Plumrose, a subsidiary of JBS, has announced plans to invest $200 million to build a state-of-the-art Italian meat and charcuterie facility. Although the location of the new factory is yet to be revealed, it will reportedly be strategically located to efficiently access raw material and leverage synergies with existing corporate assets. […]