India: Ananda Dairy to open new plant, expand store footprint
Ananda Dairy, an Indian milk processor, is to step up its presence in its domestic market with plans for hundreds of new stores and a new manufacturing plant, according to a report in the Economic Times. The new processing facility is earmarked for the northern state of Uttar Pradesh and is expected to have capacity […]
Uruguay: Coca-Cola FEMSA to acquire Montevideo Refrescos in $250 million deal
Coca-Cola FEMSA, the largest Coca-Cola franchise bottler in the world by sales volume, has announced the acquisition of Montevideo Refrescos (Monresa) from Coca-Cola Co for $250.7 million in an all cash transaction. The deal, which was made on a cash-free and debt-free basis, increases the presence of Coca-Cola FEMSA to 11 countries aroundthe world. With […]
USA: Conagra Brands to acquire Pinnacle Foods
Conagra Brands, the leading US food manufacturer, is to acquire Birds Eye owner Pinnacle Foods in a cash and stock deal worth $10.9 billion, the two firms have announced in a statement. The deal will reportedly make the combined company the second leading player in US frozen food behind Nestle. In addition to Birds Eye, […]
USA: Starbucks launches retail tea under Teavana banner
International coffee shop chain Starbucks has announced the launch of packaged tea in grocery stores through its Teavana brand. Starbucks said the launch of the new retail line came on the back of 14% sales growth for its Teavana and Refreshment business at US company-operated Starbucks stores in the 2018 fiscal year to date. Teavana […]
USA: Hola Nola Foods acquires NatureStar Foods
Hola Nola Foods, a snack food firm based in Los Angeles, CA, USA, has announced the acquisition of NatureStar Foods, the manufacturers of the Plocky’s crisp line. In a statement, Hola Nola Foods, which currently manufactures tortillas, tortilla chips, salsas and popcorn, said it was looking to expand its snacks portfolio with Plocky’s hummus and […]
Brazil: Melitta enters the coffee capsules segment
Germany based coffee and coffee accessories firm Melitta is introducing a range of coffee capsules in Brazil that is compatible with Nespresso coffee makers. The new product lineup comprises Ristretto, Marcato, Staccato, Audacce and Tenuto, which are divided according to their aroma profiles of intense, balanced and fruity. According to Embalagem Marca, the range is […]
USA: Domaine Select acquires rum brand Atlantico
Domaine Select, a US-based importer of wine and spirits, has announced the acquisition of Atlantico, a rum brand originating from the Dominican Republic. Founded in 2008, Atlantico is described as a super-premium rum brand that is available in the US and 12 international markets. As part of the deal, Domaine Select said it had taken over […]
Italy: Unilever to acquire 75% of personal care business Equilibra
Consumer goods giant Unilever has signed an agreement to acquire a 75% stake in the Italian personal care and wellbeing business Equilibra. Founded in Italy in 1987, Equilibra is a natural health & beauty firm using plant-based ingredients with functional benefits such as aloe, shea (karite), argan and almond. Its product range includes skin and […]
USA: Nestle unveils Sweet Earth pizza line
Global consumer goods firm Nestle has announced the addition of a pizza line to its Sweet Earth brand of plant-based foods in the USA. Offering “pizza enlightenment”, the new line of frozen pizzas provides “wholesome, craveable flavors made with organic ingredients” as well as “unique crusts blended with ancient grains, carrot and rosemary, bold sauces, […]
USA: General Mills invests in GoodBelly Probiotics
Leading US food producer General Mills, through its new business development and venturing unit 301 INC, is among the companies participating in a $12 million investment in NextFoods, the makers of Goodbelly Probotics, according to a recently released statement The money raised will be used to expand GoodBelly’s national sales team, support capital improvements and […]