USA: Nature’s Path takes majority stake in Gorilly Goods
Nature’s Path, a manufacturer of organic breakfast and snack foods, has acquired a majority stake in snacks firm Gorilly Goods, according to an article in Food Business News. The firm will reportedly acquire a stake of 51% in Gorilly Goods, which makes raw and organic snacks predominantly from nut, seed and vegetable ingredients. Nature’s Path said […]
USA: Nestle launches Nesquik drink for adults
Nestle is expanding its Nesquik brand to target adults with a new protein-enhanced milk drink in the US. Positioned as “perfect for the casual athlete”, Nesquik Protein Plus is available in Vanilla and Chocolate flavours and “supports the active and healthy lifestyles of adults young at heart who are striving for a balance between ‘grown-up’ […]
Germany: Krombacher acquires Vitamalz
German brewer Krombacher has announced that it has completed the acquisition of Vitamalz, an alcohol-free malt beverage, with effect from 16th September. The deal sees Krombacher take full ownership of Vitamalz, a firm in which it had previously held a 47% stake. The Kreuztal-based beermaker said that it had been the sole licence holder of […]
USA: Pepsico launches Tropicana Essentials Probiotics
PepsiCo, the US food and drinks firm, is expanding its Tropicana fruit juice range with the launch of “a 100% juice with one billion live and active cultures per serving”. Described as combining the goodness of 100% juice with the functional benefit of probiotics, Tropicana Essentials Probiotics is said to contain more than the recommended […]
Canada: Scotsburn Ice Cream to close factory
Scotsburn Ice Cream, a Canadian manufacturer of frozen desserts, is set to close its plant in St John’s, Newfoundland, with production to cease by the end of the year, according to Canadian media reports. The last day of operation is set to be December 9th, after which the company will transfer production to other plants […]
USA: Frontera, Red Fork and Salpica brands acquired by ConAgra Foods
US food manufacturer ConAgra Foods has announced the acquisition of the packaged Mexican food business from Frontera Foods and Red Fork that includes the Frontera, Red Fork and Salpica brands. Frontera is known as a Chicago-based company that produces “premium” Mexican food such as a tex-mex salsa line, sauces, snacks and meals under the Frontera […]
UK: Aldi to invest £300 million in stores
German discount chain Aldi has announced that it will be investing a sum of £300 million ($388 million) in its UK store network. The first aim of the investment is to refurbish current stores by adding ‘food-to-go’ areas, increasing baby & toddler, wines and spirits range, as well as adding new colours, lighting and signage. […]
Brazil: Coca-Cola FEMSA to acquire bottler Vonpar in $1 billion deal
Coca-Cola FEMSA, the biggest Coca-Cola bottler in the world by volume, is set to acquire the Brazilian bottling firm Vonpar, according to an article in Correio do Povo. Under the terms of the deal, Coca-Cola FEMSA will reportedly acquire 100% of the shares in the firm, which is one of the largest private Coca-Cola bottlers […]
India: Nestle to expand in chocolate space
Food multinational Nestle is seeking to expand in the chocolate space in India with new launches from its global premium portfolio and the launch of new varieties of existing products, according to a report in the Economic Times. Among the products slated for launch are a new Trio variety of the firm’s leading Munch branded […]
India: Wipro acquires Zhongshan Ma Er Daily Products
Indian-based company Wipro Consumer Care and Lighting has acquired 100% of Chinese FMCG company Zhongshan Ma Er for an undisclosed amount. Wipro focuses on products including soaps, toiletries, personal care & baby care and has a presence in countries such as India, Malaysia, Indonesia, Vietnam, China, as well as the Middle East. With this new […]