Egypt: PepsiCo to invest $100 million to expand its activities
US multinational food and beverage company PepsiCo, has announced its plans to invest $100 million in Egypt this year, to expand its activities in the country. This investment is part of a 4-year commitment to invest a total of $515 million in the Egyptian market. As part of the investment, the company will expand the […]
Spain: Puig to acquire majority stake in Charlotte Tilbury
Spanish-based perfume and fashion company Puig has announced the acquisition of a majority stake in makeup brand Charlotte Tilbury. Launched in 2013 by Charlotte Tilbury itself, the British-based brand creates and develops luxury makeup and skincare products. Charlotte will continue as chairman, president, and Chief Creative Officer of the company. According to the company press […]
US: Turkey Hill to acquire new ice cream facility
Turkey Hill, the US-based food and drink company, has announced the acquisition of an ice cream production facility in Arkansas from Yarnell Ice Cream, a subsidiary of Schulze & Burch Biscuit Company. Owned by an affiliate of Peak Rock Capital, Turkey Hill is a manufacturer of branded ice cream and refrigerated drinks in the United […]
Australia: AB InBev to complete sale of Carlton & United Breweries for $11 billion
AB InBev, the giant brewer, has completed the sale of Carlton & United Breweries (CUB), its Australian subsidiary, to Asahi Group for approximately $11 billion. With this acquisition, Asahi Group will have the rights to commercialise AB InBev’s international brands in Australia. According to sources, the proceeds from this deal will be used to pay […]
Norway: Orkla to acquire PepsiCo’s Havrefras Brand
Orkla, the Scandinavian consumer goods giant, has announced the acquisition of Havrefras Brand, a breakfast cereal brand from PepsiCo, for an undisclosed sum. Created in 1959, Havrefras brand has been part of PepsiCo’s portfolio since the acquisition of The Quaker Oats Company in 2001. According to sources, this acquisition is in line with Orkla’s strategy […]
Netherlands: Kennemervis Groep to acquire Bobeldijk Food Group
Kennemervis Groep, Netherlands-based fish processing company, has announced the acquisition of Bobeldijk Food Group, for an undisclosed sum. Based in Netherlands, Bobeldijk Food Group is a manufacturer of vegetarian and vegan products, owner of the plant-based meat alternatives brand Vegafit. According to sources, the acquisition will support the growth of Bobeldijk Food Group’s presence in […]
USA: SCB Global Java to acquire White Tale Coffee
SCB Global Java, a holding company specialised on investments in the coffee market, has announced the acquisition of White Tale Coffee, for an undisclosed sum. Based in Denver, Colorado, White Tale Coffee is a premium artisanal coffee brand, that supplies its products through an e-commerce subscription platform. This deal is the third investment by SCB […]
Australia: Barry Callebaut Group to acquire GKC Foods
Cocoa processor Barry Callebaut Group has announced the acquisition of GKC Foods, a chocolate producer, for an undisclosed sum. Based in Melbourne, GKC Foods is a privately-owned B2B chocolate manufacturer, specialised in high-quality chocolate and chocolate related products. According to sources, this acquisition allows Barry Callebaut Group to establish a direct presence and manufacturing capacity […]
UK: Carlsberg UK to form £780 million joint venture with Marston’s
Carlsberg, the Danish beer giant, has announced a 60:40 joint venture in the UK with Marston’s with a combined value of £780 million. With the deal Carlsberg will become the controlling shareholder owning a 60% stake in the joint venture. The new company, Carlsberg Marston’s Brewing Company will have a strong portfolio from both companies […]
China: Nestle to invest over $100 million to build new factory in China
Multinational food and drinks giant Nestle, has announced an investment of $103.58 million to build the first plant-based food facility in China. The investment will include the expansion of the existing pet food plant, an upgrade of the production line of confectionary business, the fist plant-based production facility in Asia and will also further develop […]