USA: KraftHeinz launches Fruitlove “spoonable smoothie”
Kraft Heinz, the third-largest food and beverage company in the USA, has announced the launch of Fruitlove, a new brand of smoothie that can be eaten with a spoon. Said to combine the benefits of creamy yogurt and real fruit and vegetables, Fruitlove Spoonable Smoothie comes in single-serve plastic pots and is said to provide […]
Czech Republic: KMV and PepsiCo unite to acquire Knjaz Milos
Mid Europa, a UK-based private equity firm, has announced it has sold the Serbian soft drinks business Knjaz Milos to a joint venture formed by food and drinks multinational PepsiCo and Czech water distributor KMV for an undisclosed sum. The fund acquired Knjaz Milos together with leading regional dairy and confectionery players Imlek and Bambi in […]
USA: Mondelez acquires Perfect Snacks
Snacks and confectionery multinational Mondelez has announced an agreement to acquire a majority interest in Perfect Snacks, a California-based company described as a “pioneer” in the refrigerated nutrition bars segment. Founded in 2005, Perfect Snacks markets a range “fresh-from-the-fridge” protein snacks, made from plant-based ingredients such as nuts and fruit as well as 20 organic […]
UAE: Majid Al Futtaim to take Carrefour to Uganda
Majid Al Futtaim (MAF), the Dubai-based conglomerate and Carrefour franchise operator in the UAE, is taking the French store brand to Uganda, according to a report in Food Business Africa. The firm is said to have already secured space at Oasis Mall in the Ugandan capital Kampala for a store selling packaged foods, drinks and household […]
Finland: Fazer agrees to buy Kaslink
Fazer, the leading Finnish bakery and confectionery firm, has announced it has agreed to Kaslink, a family-owned company specialising in Scandinavian cooking products, drinks and snacks, for an undisclosed sum. Kaslink’s product range includes Aito Oat Milk, Maire dairy products, Koria protein drinks, Vesi Water and Nordic Cuisine cooking sauces. The firm had net sales […]
Brazil: Emmi increases stake in Laticinios Porto Alegre
Swiss milk processor Emmi has announced it is increasing its stake in Brazilian firm Laticinios Porto Alegre, taking its holding in the Minas Gerais based milk processor from 40% to 70%. Emmi has held a stake in the Laticinios Porto Alegre since July 2017, and said the company had been developing positively in “an extremely […]
UK: Allied Bakeries to cease manufacturing in Cardiff
Allied Bakeries, the UK bakery firm behind brands such as Kingsmill, Allison’s, Sunblest and Burgen, has announced plans to halt production at its site in Cardiff with the loss of up to 180 jobs, according to BBC and Wales Online reports. “Earlier this year Allied Bakeries announced the loss of a major own label bakery […]
USA: Pernod Ricard adds bourbon to portfolio with Rabbit Hole deal
Pernod Ricard, the world’s number two wine and spirits firm, has announced it is re-entering the bourbon whiskey space with the acquisition of a majority share in Rabbit Hole, a Lousville, KY whiskey maker. The deal will see Rabbit Hole added to Pernod Ricard’s New Brand Ventures portfolio of speciality brands that includes Smooth Ambler […]
USA: SC Johnson announces Sun Bum deal
SC Johnson, the privately held US manufacturer of household cleaning products, has announced it has reached a deal to acquire Sun Bum, a manufacturer of sun protection, hair care, lip care and other personal care products. “The Sun Bum brand is a welcome addition to our portfolio of trusted products”, said SC Johnson chairmain and […]
USA: Tyson Foods forays into meat alternatives
Tyson Foods, the US meat firm, has announced its first major foray into plant-based foods with the launch of its new Raised & Rooted brand, and a range of vegetarian and blended products. The initiative makes Tyson Foods the largest US meat producer to enter the alternative protein segment with its own products, the company said in […]