UK: Nestle to launch dairy-free coffee mixes
Consumer goods giant Nestle has announced the launch of three dairy-free coffee mixes under the Nescafe Gold brand in the UK and Ireland. According to a company press release, the new products are the world’s first plant-based soluble coffee mixes and all have vegan certification. Available as Coconut Latte, Almond Latte and Oat Latte, the new lineup is said […]
USA: Pernod Richard to acquire Firestone & Robertson
Wine and spirits company Pernod Ricard has announced the acquisition of Firestone & Robertson, the owner of the TX brand range of “super-premium” whiskey and bourbon, via its US arm, for an undisclosed sum. The deal also includes the “Whiskey Ranch” distillery in Fort Worth, Texas, “where consumers can enjoy the full TX brand Experience”. In […]
India: Nestle to invest in new Maggi noodle plant
The Indian arm of Swiss consumer goods giant Nestle has announced plans to invest an initial sum of 700 crore INR ($98.6 million) over the next two years to set up a new plant for Maggi noodles. Located in Sanand, Gujarat, the factory will be Nestle’s ninth in India and the fourth dedicated facility for […]
USA: Hostess Brands sells Superior Cake Products
Hostess Brands, the US bakery manufacturer owned by Gores Holdings, has announced it has signed a definitive agreement to sell its Superior Cake Products bakery business to Chicago-based Sara Lee Frozen Bakery for $65 million. Sara Lee Frozen Bakery is a leading maker of frozen bakery and dessert products. Superior Cakes Products manufactures sweet goods […]
USA: Campbell Soup sells remaining Campbell International operations
Campbell Soup, the leading US food manufacturer, is continuing its divestiture program with the sale of the Arnott’s business and its remaining Campbell International operations to KKR, a global investment firm, for $2.2 billion. Arnott’s was acquired in 1997 by Campbell and has operations centres in Western Sydney, Brisbane and Adelaide in Australi, as well […]
Indonesia: Nestle invests in factory expansion
Consumer goods giant Nestle has announced the expansion of three factories in Indonesia through a $100 million investment. Upgrades to the three factories, located in Karawang (West Java), Kejayan (East Java) and Panjang (Lampung) will increase Nestle’s current production capacity in the country by 25%, the company said. “We recognize an increasingly conducive business opportunity […]
USA: HeavenlyRx acquires majority stake in Tru Brands
HeavenlyRx, a hemp and CBD company, has announced the acquisition of Tru Brands, a US health and wellness company marketing plant-based bars and nutritional powder. Under the agreement, Heavenly Rx will acquire a 51% stake in Tru Brands for $3.5 million in cash and $2.57 million in company stock. Tru Brands currently markets a brand […]
India: PepsiCo to establish snack plant in Uttar Pradesh
PepsiCo, the US based drinks and snacks giant, is planning to invest 514 crore INR ($74.7 million) over the next three years to set up a snack manufacturing plant in Uttar Pradesh, northern India, according to a report in the Economic Times. The new plant is expected to create over 1,500 direct and indirect jobs, […]
Spain: Brasmar acquires Foncasal
Brasmar, the Portuguese seafood firm, has announced it has acquired Foncasal, a Spanish company specializing in cooked octopus and other chilled seafood products. Based in Logrono in Spain’s Rioja region, Foncascal markets a range of seafood including octopus, squid, prawns and crab under brands including Nuchar, Baltia, Moncasa and Montenia. The company has annual turnover […]
UK: Cranswick acquires Katsouris Brothers
Cranswick, a supplier of fresh and added-value food products, has revealed it has purchased Mediterranean food producer Katsouris Brothers in a deal worth £43.5 million ($53.2 million). Announcing the deal alongside its first quarter trading results, Cranswick described Katsouris Brothers as a processor and multi-channel supplier of continental and Mediterranean food products, operating a facility […]