USA: Pilgrim’s Pride to acquire GNP Company
Leading US poultry firm Pilgrim’s Pride has announced a definitive agreement to acquire GNP Company, a provider of branded chicken products in the Upper Midwest region of the USA, in an all cash, $350 million transaction. GNP Company has production facilities in Cold Spring and Luverne, MN, and Arcadia, WI, approximately 400 farm partners and […]
India: LT Foods and Kameda Seika establish joint venture for rice snacks
Indian rice specialist LT Foods and Japanese rice-based snack firm Kameda Seika have announced the launch of joint venture to sell rice based snacks in India, according to the Economic Times. The new 51:49 joint venture is described as being backed by a $10 million investment and is designed help the companies enter a new […]
Italy: Granarolo invests in ‘free from’ space
Italian food manufacturer Granarolo has expanded in the ‘free from’ space with the acquisition of bakery firm Pandea Dietetica and a 30% stake in cheese snack firm San Lucio. Operating in Parma since 1946, Pandea Dietitica registered turnover of €12.9 million ($13.7 million) in 2015, of which 66% was derived from conventional baked goods including crackers and […]
India: WestCoast Fine Foods launches ready-to-cook tawa pizza
Frozen food manufacturer WestCoast Fine Foods has launched as what is described as India’s first ready-to-cook tawa pizza under the Frish brand. Tawa is a type of flat Indian frying pan typically used for cooking flatbreads. According to sources, Frisch Tawa Pizza provides an advantage over other frozen pizza products as it doesn’t require an […]
China: Valio announces lactose-free milk offer
Finnish dairy firm Valio is to start selling lactose-free milk powder in China via online channels, according to a report in ESM. The launch, described as the first lactose-free consumer offer on the market, will reportedly see packaged milk made available in skimmed, semi-skimmed and whole varieties. The product range is intended to benefit from a […]
Japan: Picard opens first store in Asia
Picard, the French frozen food retailer, has made a definitive step into the Far East market with the opening of its first store in Japan, according to a report in Les Echos. Described as being located in an upmarket area of Tokyo, the new store has been launched in partnership with Japanese retail group Aeon, […]
‘High vitamin’ claims notch upwards
Insight by Gama Compass™ MANCHESTER – 24th November 2016: ‘High vitamin’ claims are continuing to notch upwards in new product launches, according to Gama’s latest study of patterns and trends in global FMCG innovation, with non-alcoholic drinks proving particularly fertile ground for vitamin-related positioning. Based on data from Gama Compass™ between 2014 and 2016, and […]
USA: Hormel divests Clougherty Packing
Meat and packaged foods firm Hormel has announced the sale of its Clougherty Packing business to Smithfield Foods, the world’s largest pork producer. Clougherty Packing is the parent company of Farmer John and Saag’s Specialty Meats, whose brand lines include products such as ham, bacon, sausages and lunch meat as well as raw cuts of meat. […]
USA: Dr Pepper Snapple acquires Bai Brands for $1.7 billion
Soft drinks giant Dr Pepper Snapple has announced that it is purchasing Bai Brands, a company that manufactures low-calorie coffee-fruit drinks, for $1.7 billion. The Bai Brands product line includes enhanced water, carbonated flavoured water, coconut water and ready-to-drink teas. With its Bai, Bai Bubbles, Cocofusion and other innovative brands, Bai was positioned for expanding […]
Germany: Tonnies looks to acquire Dollinghareico
German meat firm Tonnies is looking to acquire its northern German rival Dollinghareico, according to a report in Agrarheute. Dollinghareico produces a range of meat products under the Dolling, Hareico and Landhof Lubz brands, specialising in meat and poultry salami as well as fresh and canned sausages. The firm is reported to have struggled over […]