France: Ferrero to modernise plant
Ferrero France, the subsidiary of the Italian confectionary giant Ferrero Group, has announced an investment of €38.5 million ($40.6 million) to extend and upgrade its factory in Villers-Ecalles overthe next five years. Ferrero said that the decision was the result of a policy of continuous modernization undertaken by the company in the last five years and […]
USA: Nestle USA moving headquarters to Virginia
International food company Nestle has announced that the headquarters of Nestle USA will be moved to Arlington County, Virginia from its current home in Glendale, California later this year. According to Nestle USA, 75% of its factories and 85% of itstop customers are located in the eastern half of the United States, with 80% of its products are […]
Brazil: Heineken to acquire Brasil Kirin
Multinational Dutch brewer Heineken has agreed to acquire Brasil Kirin, one of the largest beer and soft drinks producers in Brazil, in a €665 million ($702 million) deal. As a result of the acquisition, Heineken said it would extend its footprint in Brazil, increasing its brand portfolio and becoming the second largest beer company in the […]
India: Cargill introduces anti-counterfeiting technology
FMCG company Cargill Foods India has announced the introduction of an anti-counterfeiting technology to its products, so that consumers can check if goods are genuine or fake. According to F&B News, the new technology uses a 3D hologram of Cargill Foods India to signify the authenticity of the brand and also includes an app called […]
Australia: Broo acquires Mildura Brewery
Australian brewer Broo has announced the acquisition of Victorian beer company Mildura Brewery. Established in 2004, Mildura Brewery has a core range of six beers and a pub at its Victorian brewery. According to Inside FMCG, the investment of A$1 million ($768,600) will allow Mildura to expand its product range as well as giving it the […]
USA: Danone to move headquarters
France-based dairy and drinks multinational Danone has announced that will move the location of its headquarters in North America from Greenburgh, NY to White Plains in the same county. Dessislava Miteva, chief people officer and vice-president of human resources for Danone North America said the relocation was about creating “as much open space as possible to […]
USA: Hiland Dairy acquires Brookshire plants
Texas-based Hiland Dairy plans on acquiring plants belonging to Brookshire Grocery, a Texas-based grocery chain, for an undisclosed amount. The acquisition is set to expand Hiland Dairy’s footprint and is due to close next month. Hiland Dairy produces dairy and milk products as well as distributing dairy foods and other beverages across the United States. The deal will […]
China: PEZ International to enter market
Austrian multinational confectionery company PEZ International is reportedly planning to enter the Chinese market in the second half of 2017. The confectionery company, which already has a worldwide presence, will enter China with its regular sweets dispensers and licenses and will focus on big cities. Commenting on the move, a PEZ International spokesman commented “Many people in […]
Italy: Lidl launches The Italian Gringo
The Italian division of German retail firm Lidl is launching a limited edition of over 40 products that are inspired by the Western movie genre. According to a report in Foodweb.it, the discount retailer has worked with Italian suppliers to offer a selection of products under the name The Italian Gringo that combine quality and convenience. Packaging […]
China: Carlsberg looking at acquiring Asahi’s Tsingtao stake – reports
Carlsberg, the Danish brewer, is said to be weighing up a move for Asahi’s stake in Chinese beermaker Tsingtao, according to a Bloomberg report quoting “people familiar with the matter”. Asahi, the leading Japanese beer producer, acquired its 20% stake in Tsingtao in 2009. Bloomberg estimates the value of the stake to be around S1.2 […]