Singapore: Coca-Cola to set up new distribution centre
Coca-Cola Singapore has announced the opening of a new storage and distribution center in Tuas. Located opposite to an existing Coca Cola plant, the new $57.5 million facility includes an “overhead bridge with a conveyance system to transport products from the manufacturing facility to the storage warehouse and vice versa”, according to information reported on […]
Mexico: Grupo Bimbo acquires East Balt Bakeries
Mexican bakery firm Grupo Bimbo has acquired East Balt Bakeries, a US foodservice supplier of bakery products, for $650 million. With annual sales of over $420 million, East Balt Bakeries is a leading producer of bakery products with a presence across 11 countries in the US, Europe, Asia, the Middle East and Africa. “With the […]
Australia: Freeze Dry Industries to open new facility
Freeze Dry Industries, an Australian company specialising in the freeze drying of fresh fruits, vegetables and other raw materials, has opened a new “state-of-the-art” manufacturing facility on the Sunshine Coast. Michael Buckley, chief executive officer of Freeze Dry Industries, commented: “The official opening today of our new facility is a huge step for us, something that […]
UK: BAT to acquire Reynolds American Tobacco
BAT has announced the acquisition, through a subsidiary company, of the remaining 57.8% of Reynolds American Tobacco. The acquisition, which has been approved byh shareholders of both companies, is expected to be completed by the end of the month. On the day if completion, the company will start trading on the New York Stock Exchange […]
UK: Intersnack to acquire Butterkist popcorn brand
German snack and food company Intersnack is to acquire the Butterkist popcorn brand from privately owned Tangerine Confectionery via its KP Snacks arm. As part of the deal, Butterkist popcorn manufacture will be transferred to KP Snacks along with 150 employees, while the remaining part of the Tangerine Confectionery business will continue to operate autonomously. […]
USA: McCormick acquires Reckitt Benckiser’s food division for $4.2 billion
McCormick, a US manufacturer of spices, herbs, and flavourings for retail, commercial, and industrial markets has signed an agreement to buy the food division of Reckitt Benckiser (RB), the British multinational consumer goods company, for $4.2 billion. “RB Foods’ focus on creating products with simple, high-quality ingredients makes it a perfect match for McCormick as […]
USA: HP Hood acquires former Muller Quaker Dairy plant for $54 million
US-based dairy manufacturer HP Hood has acquired a 360,000 sq ft dairy facility in Batavia from Dairy Farmers of America, the latter having purchased the plant for $60 million from Muller Quaker Dairy when the venture closed in 2015. It is claimed that the total investment will be more than $200 million, including a purchase price of […]
Russia: O’Key Group forms partnership with Familia
Russian retailer O’Key Group has announced a partnership agreement with Familia, a leading ‘off-price’ retailer. According to O’Key Group, as part of the strategic agreement, Familia will open two stores in its hypermarkets in Ekaterinburg and Tyumen by the end of 2017. The agreement is described as being part of a strategic initiative to create a […]
Czech Republic: Kofola Group acquires Premium Rosa
Czech beverage manufacturer Kofola Group has announced the acquisition of Polish manufacturer Premium Rosa, aiming to expand its portfolio in the ‘healthy’ foods space. According to Kofola Group, Premium Rosa is a high-potential firm with a double-digit sales growth, positioned in the premium segment, that produces natural products such as syrups, juices and jelly, using traditional and […]
Portugal: Nestle rebrands and launches new Greek yoghurt drink
Multinational FMCG giant Nestle has revamped its Greek yoghurt range in Portugal, rebranding the products as Nestle Yaos Grego and introducing a new ‘Greek Shake’ product. According to Distribuicao Hoje, the brand line, which was previously available under the Nestle Grego name, includes low fat yoghurts that are said to be the only products of […]