India: Orkla ventures into confectionery market
Norwegian-based Orkla Group, the parent company of India’s MTR Foods, has announced its entry into the confectionery market in India with the Laban brand. The firm’s ‘human’-shaped fruit flavoured vegetable chews come in a variety of flavours including Strawberry, Mango, Green Mango and Orange, and will be sold in packs of 26g and 65g, priced at 10 […]
Belgium: Delhaize introduces range of ‘raw’ cakes
Belgian retailer Delhaize has launched a range of ‘raw’ cakes as part of its private label range. Delhaize Raw Cakes are described as unprocessed, uncooked and made of natural ingredients such as vegetables, fruits, cereal and raw nuts. The products are said to be suitable for vegetarians and vegans, as well as to be free from refined […]
Poland: Eurocash seeks to acquire Mila
Polish retailer Eurocash Group, the largest wholesale FMCG distributor in the country, has sign a letter of intent to acquire the supermarket chain Mila, which has a network of about 190 stores. According to sources, Eurocash is looking to acquire a 100% stake in the retailer’s business and has been granted exclusive talks to complete the […]
UK: Meatsnacks to introduce salmon jerky
Jerky and biltong manufacturer Meatsnacks is to introduce a range of salmon jerky under the Speyside Smokehouse brand name. The new range will be produced in Scotland, where the company has a smokehouse in Spey, following the same production method as its Wild West meat jerky. Meatsnacks Group managing director James Newitt said: “We’re really excited […]
Canada: Guru Energy launches energy drink sweetened with monk fruit
Canadian energy drink company Guru Energy is to launch Organic Lite, a new version of its namesake energy drink that is said to be sweetened with monk fruit. Organic Lite is described as being infused with green tea, echinacea, ginseng, guarana, stevia and lemon juice. It contains 20 calories and is claimed to be organically certified, […]
USA: Hormel Foods acquires Cidade do Sol
Hormel Foods, a US food company based in Austin, TX, has acquired Brazilian meat processor Cidade do Sol for approximately $104 million. According to a company press release, the acquired business will become a part of Hormel Foods’ International business unit, providing an initial entry into the Brazilian market and serving as a platform for future […]
Japan: Japan Tobacco acquires Mighty Corp for $1 billion
Global cigarette manufacturer Japan Tobacco has announced that it is buying Mighty Corp, the number two cigarette company in the Philippines, for 46.8 billion PHP ($936 million). According to executive vice president of Japan Tobacco, Mutsuo Iwai, “This major acquisition in Southeast Asia adds to our recently announced full-scale entry into Indonesia, and will further enhance our […]
USA: Farmer Brothers to acquire Boyd’s Coffee
Coffee supplier and distributor Farmer Brothers is to acquire all assets of Boyd Coffee Company, a provider of coffee, tea and other beverages, accord to a report in Food Business The purchase consists of up to $42 million in cash and 21,000 shares of a new series of preferred stock, making an estimated total price of […]
USA: Flagship Food to acquire Glutenfreeda brand
Global food company Flagship Food has acquired the Glutenfreeda brand for an undisclosed amount. The Glutenfreeda range focuses on gluten-free products, including oatmeal, granola, flatbread, tortillas, burritos, sandwich and wraps. As part of the deal Flagship Food will take over operations in Gletenfreeda’s facility in Burlington, WA. Yvonne Gifford, founder and chief executive officer of […]
US: B&G Food to acquire Back to Nature Foods
B&G Foods has entered into an agreement to acquire snack company Back to Nature Foods for approximately $162.5 million in cash. Back To Nature Foods specializes in ‘better-for-you’ products. Its product range encompasses cereal, biscuits, crackers, nuts and soup Robert C Cantwell, president and chief executive officer of B&G Foods, commented: “We are very pleased […]