UK: Fuller’s to be acquired by Asahi
Fuller’s, the UK beermaker, has announced it has entered into an agreement for the sale of its entire beer business to the European division of Japanese drinks giant Asahi for an enterprise value of £250 million on a debt free, cash free basis. The business being sold comprises the entirety of Fuller’s beer, cider and soft drinks […]
Egypt: Lactalis acquires Greenland from Americana Group
Dairy giant Lactalis is expanding its presence in the Middle East with the acqusition of milk and cheese firm Greenfield from Kuwaiti restaurant and foods business Americana Group. The French firm said the acquisition will strengthen the position of its Lactalis Halawa joint venture as a major producer of dairy products in Egypt, and demonstrated its interest in […]
Argentina: Molinos Rio De La Plata acquires La Saltena brand
Molinos Rio De La Plata, the leading Argentine food firm, has announced the acquisition of the La Saltena pasta and dough brand from US food giant General Mills. Describing La Saltena as a brand with a “great tradition” in the lives of Argentinian families, Molinos Rio De La Plata said its aim was to develop […]
India: Lactalis announces deal for Prabhat Dairy
Lactalis, the French dairy giant, has announced it has acquired the Indian milk processor Prabhat Dairy, with the operation set to be effective at the beginning of the second quarter of 2019. Economic Times reports that Lactalis paid about 1,700 crore INR ($283 million) through a slump sale, and that the deal includes Prabhat Dairy’s milk processing business […]
Poland: Kellogg to invest in new Pringles line
Kellogg, the leading US cereal and snacks firm, is investing in new manufacturing facilities to expand capacity for its Pringles snacks brand in Europe, according to reports in Portal Spozywczy and Just Food. The company is said to be investing nearly 314 million PLN ($83 million) in the upgrade, which will see a new building […]
Look Ahead: Mark Napier, Gulfood 2019
Gama spoke to Mark Napier, Show Director, Gulfood, ahead of the latest edition of the Middle East tradeshow. What should manufacturers do to be successful in the current economic climate? Innovation is the buzz word for most areas of manufacturing these days as new advanced technology tools such as artificial intelligence, machine learning and robotics […]
Finland: Fazer makes changes to manufacturing operations
Fazer, the leading Finnish food group, has announced multiple changes to its manufacturing operations in its home market, with the opening of a new plant-based foods factory and the possible closure of another facility making pre-packaged bread. The firm is investing €40 million ($46 million) to construct a new plant-based foods plant in the city […]
UAE: Berain to build $37 million bottling plant
Berain, a Saudi Arabia based mineral water firm, is partnering with developer ZonesCorp to construct a new bottling plant in the UAE, according to a report in Arabian Business. The $37 million plant, located in the food industry zone of Al Ain Industrial City, is set to begin operations in the first quarter of 2020 and […]
Portugal: Nobre expands into cheese
Nobre, part of the Campofrio group, has launched a line of cheese, marking its entry into the dairy sector in Portugal. The firm, which is primarily known for its meat products, said the strategy would strengthen its position in the Portuguese market. According to the company, the new line is conveniently sliced, making it a […]
Argentina: BRF sells Campo Austral
Brazilian food conglomerate BRF has announced the sale of its assets in Campo Austral, a manufacturer of refrigerated and frozen meat products, and with it its exit from the Argentinian meat sector. According to Clarin, the $145.5 million sale was executed in parts, as the Campo Austral plant in Florencio Varela and its associated assets […]