USA: Keurig Green Mountain and Dr Pepper Snapple to merge
Coffee firm Keurig Green Mountain and soft drink company Dr Pepper Snapple have announced that they have entered into a definitive merger agreement to create a new combined company called Keurig Dr Pepper. Under the terms of the deal, Dr Pepper Snapple shareholders will receive a dividend of $103.75 per share (a total cash payment […]
UK: Fairfields Farm acquires Ten Acre brand
Fairfields Farm, a snack firm based in Colchester, UK has acquired its Manchester-based peer Ten Acre for an undisclosed sum. Ten Acre produces a range of handcooked crisps and has more recently branched out into popcorn, which it markets in flavours such as wasabi, fennel and lemon, cappuccino, and strawberries & cream. Foodbev reports that the […]
Denmark: Arla to close Braband site
Multinational dairy firm Arla has announced plans to close a fermented milk factory in Braband, Denmark, in a rejig of its production operations. In a statement, Arla said that “an increasing demand for yogurt products from European consumers and a lack of expansion options” at the Braband site meant that production would need to be […]
Canada: Campbell Soup to close facility in Toronto
US food manufacturer Campbell Soup has announced the closure of it manufacturing facility in Toronto, Canada as part of a “previously-announced cost savings initiative”. According to a company press release, the decision was taken to improve the operational efficiency of Campbell Soup’s North American thermal supply chain network and eliminate overcapacity in response to declining volume […]
India: Carlsberg to establish a new brewery in Karnataka
The Indian arm of global beer giant Carlsberg has announced that it has set up a new brewery in the state of Karnataka to further strengthen its capacity in the southern region of India. The new brewery will take Carlsberg’s total production facilities in India to eight. The “state-of-the-art brewery” is described as extending over […]
USA: Kimberly-Clark announces restructuring plans
US based personal care firm Kimberly-Clark has announced plans to restructure the business, including reorganizing its manufacturing operations. Announcing the move alongside its annual financial statements, the Huggies and Kotex brand owner said it intended to cut around 5,500 jobs and to close 10 manufacturing plants as part of the restructuring process. The firm said […]
Brazil: Kellogg invests in factory expansion
Cereal and snacks giant Kellogg has announced an investment of R$215 million ($68 million) to expand a factory belonging to subsidiary Parati, located in Sao Lourenco do Oeste, Brazil. Kellogg acquired Parati in 2016 for R$1.38 billion ($429 million), the company’s largest acquisition in Latin America to date. Parati operates two facilities in Santa Catarina […]
UK: Katjes Fassin to acquire stake in Candy Kittens
Germany confectionery company Katjes Fassin has announced that it has acquired an unspecified stake in the UK sweets firm Candy Kittens. Founded in 2012 and promoted as “a fashionable confectionery brand that is truly young at heart”, Candy Kittens markets a range of “gourmet sweets” in flavours such as pineapple, watermelon and blueberry. The products […]
USA: Evolve Brands to acquire Gorilly Goods and Supernola
Evolve Brands, a recently established health-focused snack holding company, has announced that it is has agreed to acquire the snack brands Gorilly Goods and Supernola, with the aim of consolidating the two businesses under one umbrella. Founded in 2012, Gorilly Good produces organic, raw and on-the-go snacks that come in both savoury and sweet flavours, […]
USA: Bacardi to acquire Patron tequila
Bacardi, the world’s largest privately-held spirits company, has announced that it is to acquire 100% of tequila firm Patron for an enterprise value of $5.1 billion. Bacardi had previously acquired a minority stake in Patron in 2008. The deal is set to make Bacardi the number one spirits player in the super-premium segment in the US, […]