Indonesia: Unilever to invest $500 million over the next five years
FMCG multinational Unilever has announced the investment of $500 million over the next five years to expand in Indonesia. The investment is planned to be used to increase production capacity at the company’s nine factories across Indonesia. The spend will be mainly used to focus on home and personal care, as well as food and […]
Japan: Morinaga unveils jelly with sauce in a twin cup
Dairy food and beverage maker Morinaga has introduced a new jelly product called Shinkankaku Kakimaze Jelly (Mixable Textured Jelly) under the Morinaga brand. Promoted as “unique”, the product comprises a jelly and sauce, presented in separate compartments, that are designed to be mixed together by the consumer; the larger compartment contains soda-flavoured jelly while the smaller one […]
Japan: Coca-Cola introduces cold indicator bottle
Beverage maker Coca-Cola has announced the launch of original Coca-Cola and Coca-Cola Zero in a new bottle that changes colour when the bottle gets cold. The new package is said to feature an indicator ink label that displays the words “ice cold” when chilled, informing consumers the drink is at the right temperature to be served. The […]
Denmark: Dansk Supermarked to acquire Kiwi stores
Danish retailer Dansk Supermarked has reached an agreement to acquire 81 stores from competitor retailer Dagrofa. According to European Supermarket News, Dansk Supermarked aims to convert more than half the acquired stores into Netto outlets, whilst leases on the other stores are set to be offloaded to other retailers. Following the transaction, Dagrofa is set […]
Switzerland: Nestle invests in new plants in Latin America
Swiss FMCG multinational FMCG Nestle has laid out plans to open new plants in Latin America. According to Reuters, the manufacturer is working with government officials in the four countries that are members of the Pacific Alliance – Chile, Mexico, Peru and Colombia – with the particular aim of creating employment for younger workers. In an […]
USA: Pernod Ricard to take stake in Del Maguey Single Village Mezcal
Leading wine and spirits firm Pernod Ricard is to take a majority stake in Del Maguey Single Village Mezcal, a producer of artisanal and hand-crafted mezcals. Founded in 1995, Del Maguey Single Village Mezcal produces a range of hand-crafted mezcals from the Oaxaca region of Mexico. “We partnered with Pernod Ricard because they understand and appreciate […]
USA: Tyson Foods acquires AdvancePierre for $4.2 billion
US meat processor Tyson Foods has concluded the acquisition of AdvancePierre for an approximate transaction value of $4.2 billion. With a workforce of 4,500, AdvancePierre makes snacks and ready-to-eat sandwiches, generating revenue of $1.6 billion in 2016. According to Tom Hayes, president and chief executive officer of Tyson Foods, the merger of Tyson and AdvencePierre […]
Mexico: Grupo Lala to invest in dairy facility in Guatemala
Mexican dairy company Grupo Lala is set to invest $30 million in the construction of a new facility in Guatemala, according to a report in FoodBev. Located in Escuintla, the new dairy facility will be 12,000 sq m in size and will produce pasteurized milk, ultrapasteurized milk (UHT) and ice cream, with capacity for five […]
USA: JM Smucker acquires Wesson brand from Conagra
US-based food producer JM Smucker has signed an agreement to acquire oil brand Wesson from Conagra Brands, in an all-cash transaction worth about $285 million. Under the new agreement, Conagra Brands will remain as the producer of the Wesson branded products and provide certain other transition services for up to one year. After this point, production […]
UK: Bimbo to launch its first own branded range of products
Mexican multinational bakery company Bimbo has launched its first line of bakery snacks in the UK under the Bimbo na under the Bimbo Little Adventures brand name. According to Tim Barkey, marketing director of Grupo Bimbo, the new Bimbo Little Adventures brand range was developed to tackle the lack of “innovation, inspiration and variety” among existing […]