China: PepsiCo buys stake in Natural Food International
Global snacks and drinks giant PepsiCo has acquired a stake in Natural Food International, one of China’s largest natural food firms, according to media reports. PepsiCo’s 26% stake in the Shenzhen-based company will reportedly make it Natural Food International’s second largest shareholder. Natural Food International makes products from grains, nuts, and beans, with a focus […]
Spain: Ebro Foods to sell organic food business to Midsona
Ebro Foods, the Spanish food company, has announced it has received a binding offer from Midsona, a Swedish leader in organic and health foods and self-care ,for the acquisition of the entire share capital of Alimentation Sante for €57.5 million ($64 million). “Ebro has analyzed the strong investment needed to reach a relevant position in […]
France: Casino divests Vindemia chain
Casino, the French supermarket group, has announced the signature of a unilateral purchase agreement to sell Vindemia, the leading retailer in the Indian Ocean (Reunion Island, Madagascar, Mayotte, Mauritius), to the autmotive and retail business GBH for an enterprise value of €219 million ($244 million). Founded in 1972 on Reunion Island and gradually acquired by Casino […]
USA: Constellation Brands makes investment in Montanya Distillers
US-based alcoholic drinks firm Constellation Brands has announced it has acquired a minority stake in Montanya Distillers, a US rum firm, for an undisclosed sum. Montanya Distillers was originally founded in Silverton, CO in 2008 by Karen and Brice Hoskin and markets the Montanya Platino, Montanya Oro, Montanya Exclusiva, and Montanya Aniversaria range of rum. […]
Italy: Emmi acquires dessert firm Pasticceria Quadrifoglio
Emmi, the Switzerland-based dairy firm, has announced the acquisition of Pasticceria Quadrifoglio, an Italian dessert company headquartered in Piumazzo di Castelfranco Emilia for an undisclosed sum. The integration of Pasticceria Quadrifoglio, which operates two production sites near Modena, will further expand Emmi’s production and distribution capabilities, the company said. The existing “Emmi Dessert Italia” network, […]
UK: Muller expands Telford facility
Muller, the UK’s largest milk supplier and distributor, has expanded its facility in Telford with the construction of a chilled yogurt manufacturing line, capable of producing 500 million pots each year. The expansion represents an investment of £50 million ($62 million), will create 65 new jobs in the area, and enable Muller to meet growing demand […]
Brazil: Dr. Oetker acquires baking aids firm Mavalerio
Dr. Oetker, the German food firm, has announced it is strengthening its presence in Brazil with the acquisition of local baking aids firm Mavalerio for an undisclosed sum. Mavalerio has sales volumes of 31,000 tonnes per year. Its product range includes sugar and chocolate sprinkles, chocolate coatings, icing mixes, cocoa powder, sugar, popcorn and flavourings. […]
USA: Nestle launches Starbucks brand coffee creamer
Global consumer goods firm Nestle has announced the launch of three new Starbucks-branded coffee creamers in the USA. The launch follows a licensing agreement, agreed last year, that allows Nestle to market Starbucks-branded products around the world. Starbucks Coffee Creamers will be available in Caramel, White Chocolate, and Cinnamon Dolce, said to be inspired by […]
France: Campari in negotiations to acquire rum brands Trois Rivieres and Maison La Mauny
Campari, the Italy-based spirits group, has announced that it has entered into exclusive negotiations with Compagnie Financiere Chevrillon and a group of minority shareholders to acquire the French company Rhumantilles, owner of 96.5% of the Martinique-based rum maker Bellonnie & Bourdillon Successeurs. Campari described Bellonnie & Bourdillon Successeurs as “an iconic ‘Rhum Agricole’ producer with […]
Brazil: McCain invests in new factory
McCain, the leading frozen potato firm, has announced it is investing $100 million to construct its first factory manufacturing chips (french fries) in Brazil. Due to be opened in the first half of 2021, the facility will significantly increase McCain’s production capacity in Latin America, the company said. Located in the city of Araxa, in […]