India: Manpasand Beverages to open ninth facility
Manpasand Beverages, an Indian manufacturer of fruit drinks, has announced the construction of a new facility in the east Indian state of Odisha, according to a report in the Economic Times. The new plant, located in the Chhatabar Industrial Area in the Khurdha district of Odisha, is being built at a cost of 150 crore […]
Switzerland: Hochdorf acquires infant nutrition firm Bimbosan
Hochdorf, a Swiss ingredients firm active in areas such as dairy, cereals, fruit & vegetables and oil, has announced the acquisition of local infant nutrition maker Bimbosan for an undisclosed sum. The firm, which has itself manufactured infant formula since 1908, operated essentially as a private-label producer until it acquired a 51% share in the Pharmalys […]
UK: Arla to close production and packing sites
Arla, the Danish dairy firm, has announced plans to close a number of UK operations as part of an efficiency-saving programme. In a bid for “optimised UK cheese production”, the cooperative said it was proposing to cease production at its Llandyrnog creamery in Wales, consequently moving cheddar cheese volumes to creameries in Taw Valley in south-west England […]
USA: PepsiCo set to acquire Bare Foods
Food and drinks giant PepsiCo has announced a definitive agreement to acquire Bare Foods, a producer of baked fruit and vegetable snacks under the Bare Snacks brand. Bare Foods Co was founded in 2001 and is described as a leader in apple, banana and coconut snacks. Its product range, including beetroot, carrot and sweet potato […]
UAE: Nestle launches KitKat Moments Desserts
Nestle, the Swiss consumer goods giant, has expanded its product line-up in the Middle East with the launch of KitKat Moments Desserts. An extension to the firm’s lineup of bitesize chocolate wafers, KitKat Mini Moments Desserts is described as being inspired by desserts from across the world: namely Cherry Brownie, Strawberry Cheesecake, Creme Brulee and Tiramisu, […]
USA: Mars to build $69 million Wrigley plant in Kenya
International confectionery giant Mars is to spend $69 million constructing a new manufacturing facility for its Wrigley’s chewing gum division in Kenya, according to a report in the Daily Nation. Once complete, the new plant will produce 7.8 billion pellets of chewing gum annually, raising Mars’ market share in chewing gum in Kenya to 75%. […]
UK: Dairy Crest to invest £85 million in Davidstow plant
UK milk, butter and cheese producer Dairy Crest has announced an investment of £85 million ($100.3) million to boost cheese production, in order to meet increasing demand from both domestic and overseas markets. The investment at the Davidstow plant in Cornwall is intended to increase growth in the firm’s cheddar cheese brands Cathedral City and […]
USA: Necco sold to Spangler Candy in bankruptcy auction
Necco, the US manufacturer of confectionery products such as Necco Wafers, has been sold in a bankruptcy auction to Spangler Candy for $18.83 million. The firm beat off competition from investment firms Gordon Brothers and Round Hill to secure the acquisition. Prior to the auction, Gordon Brothers had been in negotiations to acquire Necco for […]
Granola sets it sights on sweet spreads
The latest innovation insight from Gama Compass MANCHESTER – 24th May 2018: For this month’s Innovation Insight, we take a look at a new launch bringing oats to the sweet spreads category in the guise of on-trend granola: Kween Granola Butter. Described by its makers as “spreadable gold”, Kween Granola Butter is an oat-based product seeking […]
USA: Brynwood Partners acquires beverage manufacturer Carolina Beverage Group
Brynwood Partners, the investment group that owns Cold Spring Brewing, has announced the complete acquisition of Carolina Beverage Group from SunTx Capital Partners. The deal, agreed for an undisclosed sum, includes three manufacturing facilities, a warehouse and a broad range of value-added production services. Carolina Beverage is a contract manufacturer that processes malt beverages, distilled […]