China: Asahi to sell stake in Tsingtao Brewery
Asahi, the Japanese drinks giant, has announced that it is selling its 20% stake in Chinese beermaker Tsingtao Brewery in a deal worth about $941 million. The group first announced that it was looking to sell its holding in Tsingtao Brewery in October 2017. An 18% stake is being sold to the Chinese conglomerate Fosun […]
USA: Conagra Brands announces deal for Sandwich Bros of Wisconsin
Conagra Brands, the US packaged foods firm, has announced that it has reached a deal to acquire Sandwich Bros of Wiconsin, a manufacturer of frozen convenience breakfast foods and flatbread sandwiches. Terms of the deal were not disclosed. Sandwich Bros.of Wisconsin’s offers “snack meals” such as chicken melts and cheeseburgers, as well as flatbread pocket […]
Germany: Edeka to acquire juice producer Albi
German retailer Edeka has announced the acquisition of juice manufacturer Albi. According to Edeka, by taking over Albi – one of the leading fruit juice producers in Germany – the group will strengthen its positioning in the fruit juice segment. Albi will also complement the portfolio of Edeka fruit juice subsidiary Sonnlander, the firm added. […]
Germany: Albert Heijn to exit market
Albert Heijn, the Netherlands’ leading grocery retailer, is planning to leave the German market with the closure of its handful of convenience store outlets in the country in the first quarter of next year. The Dutch supermarket chain entered the German market in 2012 via the convenience store banner Albert Heijn to Go, currently operating […]
France: Campari to buy cognac firm Bisquit Dubouche
Campari, the Italian spirits group, has announced that it is to buy brandy firm Bisquit Dubouche from its South African counterpart Distell. Established in 1819, Bisquit Dubouche offers a classic range of cognacs – namely Bisquit VS Classique, Bisquit VSOP, Bisquit Prestige and Bisquit XO, together with “rare collections” and limited editions, that are claimed to be “characterized by craft and unique features”. The Bisquit […]
Tradeshow Insight: SIAL Middle East 2017
Promoted as “the authentic business class event for the region’s food & beverage sector”, SIAL Middle East returned to the Abu Dhabi Business Centre, United Arab Emirates (UAE) for its latest edition this month, drawing a diverse crowd of visitors over the three days of the event. The exhibition saw both local and international companies showcasing […]
Thailand: ThaiBev to take majority stake in Sabeco
ThaiBev, the leading Thai drinks firm, has announced that it has made a successful bid to acquire a majority stake in Vietnam’s state-owned beer maker Sabeco. In a statement, ThaiBev said it had agreed to acquire approximately 53.59% of all outstanding ordinary shares in Sabeco for an aggregrate price of approximately 156 billion THB ($4.77 billion). […]
India: ITC opens manufacturing & logistics facility
ITC, the Indian consumer goods giant, has announced that it has inaugurated a new state-of-the-art food manufacturing and logistics facility in Kapurthala, in the state of Punjab, India. According to sources, the new plant, which is spread over 72 acres of land, will boost the Punjab’s food processing sector and help to strengthen the state’s […]
USA: Unilever to acquire Schmidt’s Naturals
FMCG giant Unilever has announced that it has reached an agreement to acquire US based personal care company Schmidt’s Naturals for an undisclosed sum. Schmidt’s Naturals is an Oregon-based company that produces personal care products such as deodorant, bar soap and toothpaste. According to a Unilever press release, Schmidt’s Naturals aims to make natural products […]
India: Lavazza launches coffee ‘made in India for India’
Italian based coffee company Lavazza has launched Il Mattino Vivace, a new ground coffee product to be sold to consumers in India. According to sources, Il Mattino Vivace (Lively Morning) coffee is the first made by the firm in India from Indian coffee beans, and specifically for consumers in the country. The filter coffee, said […]