India: RP Sanjiv Goenka acquires 70% stake in Apricot Foods
RP Sanjiv Goenka has announced the acquisition of a 70% stake in Gujarat-based snacks firm Apricot Foods. According to RP Sanjiv Goenka, Apricot Foods’ E-Vita range will enable the firm to move into the mass market savoury snacks space. The deal is described as being part of the company’s strategy to be present in three […]
Japan: Sapporo purchases Anchor Brewing
Japan’s leading brewer Sapporo has acquired US firm Anchor Brewing for $85 million. Described as one of the US’s original craft breweries, Anchor Brewing was founded in San Francisco in 1896 and is now the 22nd largest in the country, according to the Brewers Association, generating $33 million in revenue in 2016. Many of Japan’s […]
Brazil: Grupo Lala announces deal for Vigor
Grupo Lala, the Mexican dairy company, has announced that it has reached a deal to acquire its Brazilian peer Vigor for an implied value of R$5.725 billion ($1.839 billion). The deal is set to include the acquisition of up to 100% of the shares of Vigor Alimentos SA, as well as up to 100% of the shares […]
UK: Suntory launches Lucozade Sport Fit Water
Suntory, the Japanese drinks giant and owner of the Ribena and Lucozade brands in the UK, is moving into the functional water space with the launch of Lucozade Sport Fit Water. Described as “purified spring water plus 4 key electrolytes”, Lucozade Sport Fit Water is “designed to keep you hydrated and replenish what you lose […]
USA: Snyder’s-Lance to close snack facility
Snyder’s Lance, the US snacks firm, has announced the closure of a snack plant in Perry, FL as part of a “performance transformation plan”. As part of a move to “optimize the Company’s global manufacturing network”, the firm said that the plant was expected to close by September 2017. “This decision is intended to enable the […]
France: Sanyuan and Fosun team up to acquire St Hubert brand
Chinese firms Sanyuan, an international dairy company, and Fosun, a global conglomerate and investment company, have announced they are to team up to acquire the French margarine and spreads brand St Hubert from its current shareholders. Established in 1904, St-Hubert is a leading manufacturer of spreads, selling over 35,000 tons per year. It is said to […]
China: Yakult to start construction on new plant
Probiotic dairy drink manufacturer Yakult Honsha has announced the construction of a new plant in Foshan, Guangdong, China. According to Yakult, Guangzhou Yakult started construction on the Foshan plant in July. The new factory will produce Yakult and Yakult Light fermented milk drinks and will be the third plant for Guangzhou Yakult, and the sixth […]
Italy: Campari sells Carolans and Irish Mist to Heaven Hill Brands
Campari, the Italian wine and spirits firm, has announced that it has reached an agreement to sell the Carolans and Irish Mist liqueur brands to Heaven Hill Brands, America’s largest independent family-owned and operated distilled-spirits company, for $165 million. According to Campari, the sale of 100% of the share capital was made through TJ Carolan […]
Canada: Otsuka to acquire Daiya Foods
Japanese pharmaceutical company Otsuka Pharmaceutical has announced the acquisition of plant-based food company Daiya Foods for C$405 million ($325 million). Daiya offers “high-quality, unique plant-based nutrition products” that are described as free from seven mayor food allergens, including soy, gluten and dairy. The acquisition, according to an Otsuka spokesman, expands Otsuka’s product portfolio, while helping […]
Canada: Olymel invests $6.46 million in facility expansion
Canadian meat processor Olymel has announced plans to invest C$8.1 million ($6.46 million) to expand its La Fernandiere plant in Trois-Rivieres. According to sources, the plant’s surface area will be doubled from 24,000 sq ft to more than 45,000 sq ft, increasing capacity for production operations and warehousing as well as the installation of an […]