Cola looks to beer with “5.0GV” launch
The latest innovation insight from Gama Compass™ MANCHESTER – 17th November 2016: This month’s Innovation Insight brings evolutions in the world of soft drinks into sharp relief, with a look at a new launch adding an extra dimension to the cola category via ‘ultra’ carbonation technology – Pepsi Strong 5.0GV Cola. Recently launched in Japan, Pepsi Strong […]
Brazil: Unilever launches Omo branded launderette service
FMCG multinational Unilever is expanding further into laundry services with the launch of an online launderette platform in Brazil under its Omo detergent brand. Named Omo Express, the new service is promoted with the tagline “The best way to do your laundry? Don’t do it” and offers a “professional” online launderette service including pickup and […]
Spain: Grupo Palacios acquires Precocinados Fuentetaja and Elore Holdings
Spanish meat, ready meal and dessert manufacturer Grupo Palacios has acquired Precocinados Fuentetaja as well as Elore Holdings for undisclosed amounts, according to a report in FoodBev. Through these acquisitions, Grupo is aiming to consolidate its presence in Spain and the USA. Fuentetaja is a Spanish company selling ready meals to retail stores in Spain, […]
Brazil: Minerva acquires Frigrorifico Frisa
Minerva, one of the principle meat manufacturers in South America, has announced the acquisition of Frisa Frigorifico, a leading Brazilian beef products company. Frisa Frigorifico operates abattoirs in Colatina (ES), Nanuque (MG) and Teixeira de Freitas (BA), as well as a distribution centre in Niteroi (RJ). The purchase represents an investment in the order of […]
USA: Estee Lauder to acquire Too Faced
Estee Lauder, the-US based cosmetics firm, has announced that it is to buy make-up brand Too Faced in a deal worth approximately $1.45 billion. Launched in 1998, Too Faced is described as offering “an unabashedly empowering line of cosmetic products for the eyes, face and lips” and as being “beloved for its high-quality, innovative formulas, […]
Brazil: Coca-Cola, Ambev and Britvic interested in Natural One – reports
Soft drink giants Coca-Cola, Ambev and Britvic have all showed preliminary interest in buying stakes in Brazilian juice producer Natural One, according to sources quoted in Reuters. Natural One, founded 10 years ago by Ricardo Ermírio de Moraes, has hired the investment banking unit of ABC Brasil to advise it on the transaction, sources said. […]
Ireland: Greencore set to acquire Peacock Foods
Greencore, the Irish manufacturer of own label and licensed food products, has announced the proposed acquisition of US frozen sandwich maker Peacock Foods for $747.5 million. Peacock Foods is a manufacturer within the retail food industry, specialising in ambient, chilled and frozen food products with multiple facilities around the US. Greencore also produces sandwich products […]
Netherlands: Kraft Heinz sells Utrecht facility
Kraft Heinz, the US-based multinational is to sell its drinks, bread toppings and breakfast cereal facility in Utrecht to the investment fund Livia via its portfolio company Coflace Food. Livia said that the basic agreement would include a co-pack agreement for Coflace Food to manufacture goods for brand lines such as Rosvicee and Karan Cevitam drinks, […]
Italy: Sabelli acquires 79% of Trevisanalat
Italian cheese manufacturer Sabelli has acquired a stake of 79% in mozzarella maker Trevisanalat, according to reports in ESM and Repubblica. The majority stake was purchased from the Alto Parnters private equity fund for an undisclosed amount. Trevisanalat produces mozzarella in factories in Italy and Slovenia, marketing goods under brands such as Trevisanalat, Bianca Bella, […]
South Africa: Ajinomoto purchases 33% of Promasidor
Japanese food manufacturer Ajinomoto has outbid PepsiCo to buy a 33% stake in South African firm Promasidor for $532 million, according to a Reuters report. Promasidor sells powdered milk and drinks, dairy products and cereal and is mainly active in Nigeria, Algeria, Ghana, the Democratic Republic of Congo and Angola. The deal reported to be […]