Russia: TH True Milk to invest $1.7 billion
Vietnamese dairy producer TH True Milk will invest $1.7 billion in a new dairy facility in Russia as part of its expansion plans in the country. The new facility will be set up in Eastern Russia, in a region which “provides the third highest economic contribution per head”. The region falls in the Asian continent […]
Italy: Ferrero acquires Fannie May
Italian confectionery giant Ferrero has announced the acquisition of US chocolate brand manufacturer Fannie May for $115 million in cash. Fannie May’s products, which include brands like Fannie May and Harry London, are mainly distributed through the e-commerce site 1-800 Flowers.com. “Fannie May represents a strong strategic and cultural fit for Ferrero and we are […]
Germany: Coty to close Hunfeld site
Coty, the global producer of cosmetics and toiletries, is set to close its Wella facility in Hunfeld, Hesse, Germany with the potential loss of 380 jobs, according to a report in Hessenschau. Once a final decision on the site’s future is taken, it is expected that it will close its doors by the end of […]
Switzerland: Nestle and Coca Cola to end Nestea joint venture
Nestle, the food and drink multinational, and soft drink giants Coca-Cola have agreed to end their Nestea iced tea joint venture after 16 years, with the firms now seeking to follow different strategies in the ready-to-drink tea category. In 2001, Coca-Cola and Nestle joined forces to create Beverage Partners Worldwide, a beverage venture offering Nestea […]
USA: General Mills to invest in D’s Naturals
301 INC, the business development and venturing unit of US food firm General Mills, has invested a non-disclosed amount in D’s Naturals, a low-sugar, plant based products company founded in 2015. D’s Natural is a firm that markets products that are soy, sugar and dairy free and contain bioengineered ingredients. Its portfolio includes No Cow […]
USA: Kathie’s Kitchen launches organic SuperSeedz pumpkin seeds range
US based snack company Kathie’s Kitchen has recently increased its range of SuperSeedz Pumpkin Seeds by introducing a new line of products that are organically certified. The organic line is the “latest innovation” for the company created by Kathie Pelliccio, and is marketed as “pure snacking deliciousness”. The organically certified, “non-GMO project verified”, vegan and […]
Switzerland: Nestle nears agreement to construct plant in Cuba
Swiss based food giant Nestle has revealed that it is close to reach a deal with Cuba to form a new venture to build a factory in the country, according to a report in Fox Business. The new $50 to $60 million factory is set to produce coffee, biscuits and cooking products, employing around 300 […]
USA: JBS to acquire Plumrose
JBS USA, a subsidiary of the Brazilian meat-packer and food processor JBS, has agreed to acquired Plumrose USA, a US based ham and deli meat business, for $230 million from Danish Crown, a leading pork exporter and processor. The agreement includes five prepared food plants located in Indiana, Iowa (2), Mississippi and Vermont, and two […]
Austria: Merkur introduces ‘green’ range of laundry products
Austrian retailer Merkur, a subsidiary of the German Rewe Group, has announced the extension of its range of ‘green’ products Immer Grun (Always Green), introducing cleaning products that are claimed to be suitable for families with babies and young children. According to European Supermarket Magazine, laundry products such as fabric softeners, washing detergents and powders […]
Netherlands: Regular Sprite to be replaced by Sprite Zero
Global beverage giant Coca-Cola has announced that regular Sprite will no longer be available in the Netherlands, and will instead be replaced by calorie and sugar free version Sprite Zero, to be sold under the Sprite name. According to Retail Detail, Coca-Cola said that the Netherlands was chosen for the trial as it is among […]