India: Lactalis set to acquire Anik’s dairy business
Lactalis, the French dairy multinational, has agreed a deal to acquire the dairy business of Indian firm Anik Industries, according to reports in Just Food and Les Echos. Subject to competition clearance, the deal, which is valued at 4.7 billion INR ($70.6 million), is expected to be concluded within the space of four months. The […]
Argentina: P&G to invest $50 million
US-based multinational Procter & Gamble has announced the investment of $50 million in production facilities and other projects in Argentina from 2016 to 2017. In a statement, the firm said that the investment included the expansion of existing local operational capacity, as well as incorporating the latest technology into its Pampers line of nappies. Additional […]
France: Orangina Schweppes to launch ice tea
Orangina Schweppes, a division of Japanese firm Suntory, has announced a foray into the world of ice tea with the launch of a new product line in France, according to a report in LSA. The launch of Maytea Ice Tea follows double-digit sales growth for ice tea in France over recent years, LSA reports. The […]
Uruguay: Plucky opens new production plant
Uruguayan firm Plucky, a producer of confectionery, snack and ice cream products and part of the multinational Bimbo group, is to open a new plant to manufacture products with significant export potential, according to a report in El Pais. Among the products set to be manufactured at the new plant are cereal bars, sandwich cookies, […]
Brazil: Mondelez and BRF reach new agreement for the distribution of Philadelphia
BRF, the leading Brazilian meat processing firm, has announced the acquisition of K&S Alimentos, the firm formerly responsible for the production and distribution of Philadelphia branded products in Brazil. In an official statement released on 18th March, BRF explained that the new deal would effectively bring to an end the previous arrangement for the production […]
China: Huiyan Juice Group and Yeo Hiap Seng sign joint venture agreement
Huiyuan Juice, a Chinese fruit and vegetable juice producer, has announced that one of its wholly owned subsidiaries has entered into an agreement with a subsidiary of Yeo Hiap Seng to enter the Malaysian market through the manufacture and distribution of fruit and vegetable juices. The agreement sets out the establishing of a joint venture […]
South Korea: Pulmuone to acquire Vitasoy USA
Pulmuone, South Korea’s leading tofu manufacturer, has announced that it will purchase substantially all of the assets of Vitasoy USA for $50 million. Pulmuone said that the deal, which includes America’s number one tofu brand Nasoya, would give it outright market leadership of the US tofu category as well as a consolidated operations foothold within […]
Germany: Nestle to close coffee plant in Mainz
Nestle Germany has announced its intention to close its coffee and cocoa plant in Mainz, Germany by the end of December 2017. In a statement, Nestle said that the factory, which has capacity for around 24,000 tons of coffee and cocoa products, was no longer suitable for the requirements of modern and efficient coffee production […]
Japan: Ezaki Glico launches new drink based on coconut oil
Japanese confectionery company Ezaki Glico, which own brands such as Pocky (Mikado in Europe) and Pretz, has announced a new health drink based on the fashionable ‘superfood’ coconut oil. Claimed to be an easy way to daily get all the benefits of coconut oil, Glico Cocosmart is described as being made through an emulsification process […]
Colombia: Jeronimo Martins to invest €500 million
Jeronimo Martins, the Portuguese supermarket group, has announced the investment of €500 million ($560 million) in Colombia, where it expects to open 1,000 stores by 2020. According to a report in Economico, Jeronimo Martins chairman Pedro Soares dos Santos, speaking at a gathering of journalists, said as a “source of innovation”, Colombia was crucial to […]