UK: Greene King to be sold to CK Asset Holdings
CK Asset Holdings, a Hong Kong private equity company, has agreed a deal to acquire Greene King, Britain’s largest pub and brewery company, in a deal worth £4.6 billion ($5.6 billion), according to a Reuters report. CK Asset Holdings is said to be paying £2.7 billion ($3.3 billion) for the beer firm, in addition to […]
Japan: Kirin forays into supplements with 30% stake in Fancl
Kirin, Japan’s second-largest brewer, has announced it is foraying further into the health and beauty space with the ¥129.3 billion ($1.22 billion) acquisition of a 30.3% stake in cosmetics and health food maker Fancl, according to a report in the Nikkei Asian Review. The alliance between the two firms will reportedly focus on the joint […]
Ireland: Hershey announces investment in Fulfil
Hershey, the US confectionery and snacks firm, has announced a minority investment in the Ireland-based functional food firm Fulfil via its C7 Ventures arm. Founded in 2016, Fulfil produces vitamin-fortified, high-protein, low-sugar nutrition bars made from ingredients such as soy, whey protein and chocolate, which it markets in the UK and Ireland. Commenting on the […]
UK: Danone launches Activia Live Culture Smoothies
The UK arm of French dairy multinational Danone is expanding into the smoothies category with the launch of Danone Activia Live Culture Smoothies. The new no added sugar drinks are said to contain a mix of yoghurt, fruit and vegetables including live bacterial cultures, and to be a source of protein, calcium and fibre. An […]
Egypt: Dina Farms invests to expand dairy operations
Dina Farms, a Qalaa Holdings subsidiary and the largest private sector farm in Egypt, has announced an investment of $24.4 million in its dairy farm and related businesses over the coming three years in order to expand production, according to a report in Food Business Africa. The company’s plans are said to include the setting […]
USA: Smithfield Foods launches Pure Farmland plant-based range
Smithfield Foods, the US meat processor, has announced it is venturing into plant-based foods with the launch of a new brand range called Pure Farmland. The Pure Farmland line comes as meat-free breakfast patties, meatballs, burger patties, and pre-seasoned protein starters, designed to help consumers “grow their plant-based protein options for all meal occasions, including […]
Malysia: Ajinomoto to invest in halal foods plant
The Malaysian division of Japanese seasoning firms Ajinomoto is set to invest 355 million MYR ($84.62 million) to build a new production plant for halal foods on a plot of land located in Seremban, in Negeri Sembilan, according to a report in The Edge Markets. The company is said to have recently acquired the freehold […]
USA: Constellation Brands to sell Black Velvet whisky to Heaven Hill
Constellation Brands, the leading wine and spirits ompan company, has announced an agreement to sell its Black Velvet Canadian whisky brand to the distiller Heaven Hill for approximately $266 million. The firm said the sale formed part ot its “wine and spirits business transformation strategy”, including a focus on premium brands. The deal, which also includes a facility in Lethbridge, […]
USA: MegaMex Foods and Herdez to announce new licensing agreement
MegaMex Foods, a Mexican food joint venture of Herdez and Hormel Foods, has announced a new licensing agreement with UTZ Quality Foods to manufacture, market and distribute Herdez branded tortilla chips and pork rinds to retailers in the US. According to the company, the partnership between MegaMex Foods and UTZ will speed up the entry […]
UK: Diageo acquires majority stake in Seedlip
Diageo, the UK based alcoholic drinks giant, has announced the acquisition of a significant majority shareholding in Seedlip, described as the world’s first distilled non-alcoholic spirit brand. Launched in 2015 by Ben Branson “to solve the dilemma of ‘what to drink when you’re not drinking’”, Seedlip comes in the varieties Spice 94, Garden 108 and […]