Brazil: Pif Paf Alimentos acquires Fricasa
Pif Paf Alimentos, a leading meat and poultry processor, has announced it has acquired Brazilian peer Fricasa, a pork specialist, for an undisclosed sum. The firm, the largest meat processor in the Minas Gerais region, said the deal would increase its pork processing capacity by 70% and would add around 15% to its annual turnover. […]
UK: Unilever divests part of Central American laundry business
Unilever, the Anglo-Dutch consumer goods giant, has announced it has entered into an agreement to sell part of its laundry detergent business in Central America to the Guatemalan household and personal care firm Industria La Popular for an undisclosed sum. The deal will see Unilever divest its direct application laundry soap bars business in Central America, including […]
USA: Bumble Bee Foods files for bankruptcy, strikes asset sale deal
Bumble Bee Foods, the US manufacturer of preserved fish and chicken products, has filed for bankruptcy and agreed a deal to sell its assets to Taiwanese seafood processor FCF, according to a Food Business News report. FCF will pay reportedly $925 million for Bumble Bee Foods’ assets. The declaration of bankruptcy will facilitate the sale […]
USA: Lion Australia acquires New Belgium Brewing
Lion Australia, the Kirin-owned drinks firm, has announced it has stepped up its presence in craft beer with the acquisition of independent US-based beermaker New Belgium Brewing, via its Lion Little World Beverages division. Established in 1991, New Belgium Brewing is said to have grown to become a leading craft brewer, marketing brands such as […]
Australia: Unilever to close Weis ice cream factory
Unilever, the Anglo-Dutch FMCG firm, has announced it is consolidating production of Weis ice creams in Australia at its site in Minto, New South Wales, meaning the long-standing Weis factory in Toowoomba, Queensland will close. “The ice cream market – in terms of costs, competition and distribution channels – has changed very quickly and pressure on […]
USA: Coty takes majority stake in Kylie Cosmetics
Coty, the global fragrance and cosmetics firm, has announced it has taken a 51% stake in Kylie Cosmetics, the beauty brand owned by media personality Kylie Jenner, for $600 million. Kylie Cosmetics offers a range of lip, eye and face make-up, and generates around $177 million in annual turnover. Coty said the strategic partnership would allow […]
USA: Chobani expands dairy-free offering with oat-based range
Chobani, the second-largest yoghurt maker in the US, has announced the launch of a new oat-based range as it expands its offering in the non-dairy space. Called simply Chobani Oat, the new line will include oat-based yoghurt, due for launch next month, and oat-based milks due for launch in January next year. It is also launching […]
USA: Dean Foods files for bankruptcy
Dean Foods, the troubled US dairy firm, has announced it has filed for bankruptcy protection amid financial difficulties. The firm, which is the US’s leading milk processor, said it and most of its subsidiaries had initiated voluntary Chapter 11 reorganization proceedings, adding that it intended to use the process to support its ongoing business operations and address […]
UAE: Yasar to set up processed cheese plant
Yasar, the Turkish firm behind the Pinar brand, is to set up a dairy plant in the Khalifa Industrial Zone in Abu Dhabi, UAE with an initial investment of approximately $27 million, according to a report in Arabian Business. The plant, reportedly the first processed cheese factory to be established in the UAE, will act […]
Look Ahead: Saeed Al Mansoori, SIAL Middle East 2019
Gama spoke to Saeed Al Mansoori, IDEX Executive Director at ADNEC, ahead of the 2019 edition of SIAL Middle East. What are your expectations for the 10th edition of SIAL Middle East? We are very much looking forward to our 10th anniversary edition as we are expecting to draw over 1,000 exhibitors, with more than 30 […]