USA: DanoneWave to invest $60 million in Virginia facility
DanoneWave, the business unit of dairy and drinks giant Danone in the USA, has announced it is to invest $60 million in a plant-based beverage facility in Virginia. The company will add production capacity and will expand the warehouse at the Mt Crawford facility, generating 46 new jobs. DanoneWave was formed following the acquisition of […]
USA: Utz Quality Foods to acquire Inventure Foods
Pennsylvania-based food marketer and manufacturer Utz Quality Foods has announced the acquisition of troubled snack maker Inventure Foods for $165 million. Inventure Foods, the owner of snack brand Boulder Canyon, had previously been attempting to tackle its substantial debt burden by offloading a number of business, including the sale of its frozen business to Oregon […]
Australia: Bega to move into peanut butter with Kraft Heinz factory acquisition
Bega, the Australian dairy firm, is moving into the nut butter category with its acquisition of a Kraft Heinz facility in Victoria. According to the firm, the packaging will be “slightly ‘refreshed’” to feature the Bega logo. “Despite the label change, Bega assures Australians that the Peanut Butter they love is exactly the same… the […]
Russia: X5 Retail Group to sell Perekrestok Express stores
Leading Russian food retailer X5 Retail Group has announced plans to sell its Perekrestok Express stores in Moscow and refocus on its other three major store formats. According to the retailer, the smaller format convenience stores will be divested as the company seeks to concentrate its efforts on its Pyaterochka proximity stores, Perekrestok supermarkets and […]
Tradeshow Insight: Anuga 2017
This October, the city of Cologne once again became a hub for the global food and drinks community as a record numbers of exhibitors, and tens of thousands of trade visitors, descended on the Kolnmesse showgrounds for the latest instalment of Anuga, one of the world’s leading trade fairs in the FMCG space. In total, […]
India: Goodricke acquires Godfrey Phillips tea business
India-based tea producer Goodricke has announced the acquisition of the packaged tea division belonging to tobacco firm Godfrey Phillips India. According to India Retailing, the agreement gives Goodricke Group the rights to the trademarks, titles and brands of the Godfrey Phillips tea business including the brands Tea City, Tea City, SC Gold, Symphony, Samovar, SC […]
Australia: Kraft Heinz lands Cerebos business from Suntory
Kraft Heinz, the leading US-based food firm, is to acquire the Cerebos Food & Instant Coffee business from Japanese firm Suntory, according to an article in Retail World. The deal, which excludes the Cerebos Fresh Coffee business, is worth around A$290 million ($227 million) and is expected to be completed in early 2018, subject to regulatory […]
UK: Fuchs Gruppe acquires Bart Ingredients
Fuchs Gruppe, Germany’s leading manufacturer of herbs and spices, has announced it has acquired Bart Ingredients, the UK’s second largest seasonings maker, for an undisclosed sum. The Dissen-based firm said that acquisition of Bart Ingredients would advance its internationalisation strategy and significantly boost its position on the UK market. Based in Bristol, Bart Ingredients produces […]
Thailand: ThaiBev to acquire Myanmar Distillery Company
ThaiBev, Thailand’s largest beverage company, has announced the purchase of a 75% of stake in Myanmar Distillery Company (MDC) for $1 billion. MDC, the largest spirits company in Myanmar, produces and sells a range of whiskies and gins at its facilities in Mandalay and Yangon, including the flagship Grand Royal whiskey brand which has over […]
Italy: Ferrero to acquire Ferrara
Global confectionery group Ferrero is to acquire Ferrara, the third-largest US non-chocolate confectionery company, for an undisclosed amount. Ferrara produces confectionery products as Trolli gummy sweets, Brachs seasonal sweets, and Black Forest Organics organic fruity sweets. “We are pleased to announce this agreement with Ferrero, which will enable the continued growth and momentum behind our […]