Look Ahead: Mark Napier, Gulfood 2020
Gama spoke to Mark Napier, Show Director, Gulfood, ahead of the landmark 25th edition of the Middle East tradeshow. What are your expectations for this edition of Gulfood? We anticipate this edition – which marks the 25th anniversary of Gulfood – being a hotbed of innovation reflecting the trends within an industry where demographic […]
USA: Hershey to launch plant-based Krave jerky
Hershey, the US confectionery and snacks firm, has announced it is moving Krave, the meat jerky firm it acquired in 2015, into the vegan foods space with the launch of Krave Plant-Based Jerky. Said to features a taste and texture similar to that of Krave Gourmet Meat Cuts, Krave Plant-Based Jerky is described as being made […]
USA: Molson Coors to close California brewery
Molson Coors, the North American brewer, has announced it is planning to close its factory in Irwindale, CA, with production scheduled to cease by September. The firm said the move followed its recently-announced plans “to revitalize and restructure the business to get back on track”. Molson Coors added that it had entered into an agreement with rival brewer Pabst, giving […]
Brazil: Danone to shut two bottled water plants
Danone, the global dairy and beverages business, is shutting two plants in Brazil that produce bottled mineral water, according to a report in NewTrade. The production sites, which are located in Jundiai (Sao Paulo state) and Nova Iguacu (Rio de Janeiro state) produce bottled water for Bonafont, a major Latin American water brand that has a leading […]
USA: Diageo makes minority investment in spirit alternative Ritual
Diageo, the leading alcholic drinks firm, has announced it has made a minority investment in the spirit alternative business Ritual via its accelerator arm Distill Ventures. The investment marks a futher foray by Diageo into alcohol-free spirits, following its previous acquisition of a majority stake in Seedlip, described as the world’s first distilled non-alcoholic spirit brand. […]
USA: Bimbo acquires Lender’s Bagels business
Bimbo, the Mexican bakery giant, has acquired the Lender’s Bagels business from US food firm Conagra Brands via its subsidiary Bimbo Bakeries USA. Announcing the divestment in a press release, Conagra Brands said the transaction included the Lender’s brand and related intellectual property, as well as a production facility in Mattoon, IL, and inventory. Founded in […]
USA: PepsiCo to take stake in Ethiopian crisps firm Senselet
PepsiCo, the US-based snack foods firm, has taken a significant stake in the Ethiopian crisp firm Senselet. Veris Investments, the private equity fund which founded Senselet in 2015, said it would continue to maintain a minority interest in the firm and would partner with PepsiCo to further grow the business and develop potato sourcing programmes […]
Netherlands: Riedel acquires juice and snack maker Healthy People
Riedel, the leader in the Netherlands for fruit drinks, is acquiring Healthy People, a local juice and snack maker, for an undisclosed sum, according to a Levensmiddelenkrant report. Founded in 2006, Healthy People is described as being the first company in the Netherlands to introduce a “superfruit” pomegranate juice. Its other products include fruit juices, coconut […]
USA: Coca-Cola takes full control of Fairlife JV
Coca-Cola, the soft drinks giant, has announced it has taken full control of the Fairlife dairy brand after agreeing a deal for the remaining 57.5% stake in the business from its joint venture partner Select Milk Producers. Fairlife came to prominence in 2014, when Coca-Cola announced it was entering the dairy sector with a new premium brand of […]
Brazil: Quimica Amparo to construct new factory
Quimica Amparo, the household goods firm behind the Ype brand, has announced plans to construct a new factory and distribution centre in Pernambuco in a bid to bolster its presence in Brazil’s North East region, according to a report in New Trade. The new plant will start by manufacturing the firm’s line of liquid detergents, […]