USA: Del Monte Foods to shutter Modesto cannery
Del Monte Foods, the US processed food manufacturer currently in Chapter 11 bankruptcy, has announced the closure of its production facility in Modesto, California, a move that will impact up to 1,800 workers. The decision to wind down operations at the historic Central Valley site follows the company’s recent court-supervised asset auction. While the company […]
USA: Highlander Partners acquires Tapatio Foods
Highlander Partners, the Dallas-based private investment firm, has acquired the California-based hot sauce manufacturer Tapatio Foods for an undisclosed sum. Founded in 1971 by Jose-Luis Saavedra, Tapatio Foods has remained a family-owned business for over five decades, growing from a local start-up into a leading national brand. The company, headquartered in Escondido, produces a signature […]
Australia: Lactalis to close historic South Brisbane factory
Lactalis, the French dairy giant, has announced plans to shutter its manufacturing facility in South Brisbane, Australia, impacting approximately 202 employees. The historic site, which produces brands including Pauls, Ice Break, and Vaalia, is scheduled to cease operations in July. According to the company, production volumes will be transferred to its facility in Nambour on […]
Brazil: Panfacil expands frozen bread production
Panfacil, the frozen bakery division of the Brazilian milling group Grupo Estrela, has announced an investment of R$44 million ($7.6 million) to expand its manufacturing facility in Canoas, Rio Grande do Sul. The capital injection will be used to enlarge the site’s physical footprint and cold storage infrastructure, as well as to install a new […]
India: RCPL acquires global rights to Unilever personal care brands
Reliance Consumer Products (RCPL), the FMCG subsidiary of Reliance Industries, has acquired the global rights to a portfolio of heritage personal care brands, including Brylcreem, Toni & Guy, Badedas, and Matey, from global peer Unilever. The acquisition, disclosed alongside the company’s quarterly results, grants Reliance ownership of the brands worldwide, with “a few territories excluded”. […]
India: Allied Blenders acquires distillery assets
Allied Blenders & Distillers (ABD), the Indian spirits manufacturer best known for its Officer’s Choice whisky, has approved the acquisition of production assets from National Industrial Corporation (NICOL) in a deal valued at up to 110 crore ($12.1 million). The transaction, cleared by the company’s board on 16th January, involves the purchase of land, buildings, […]
USA: MPearlRock acquires The Good Crisp Company
MPearlRock, the US-based growth capital platform formed by MidOcean Partners and Kroger, has expanded its presence in the ‘better-for-you’ snacking sector with the acquisition of The Good Crisp Company for an undisclosed sum. Founded in 2015 and headquartered in Boulder, Colorado, The Good Crisp Company specializes in clean-label canister potato chips and cheese balls. The […]
USA: Beyond Meat expands into functional drinks
Beyond Meat, the US-based plant-based meat substitute producer, has ventured outside the food category for the first time with the launch of a new functional protein beverage line. The new product, branded as Beyond Immerse, has been introduced as a “refreshing” plant-based protein drink designed to support muscle health, gut health, and immune function. The […]
USA: Fresh Del Monte reunites Del Monte brand with $285 million acquisition
Fresh Del Monte Produce, the US-based produce giant, has agreed to acquire the vegetable, tomato and refrigerated fruit assets of bankrupt peer Del Monte Foods for $285 million, effectively reuniting the Del Monte brand under a single owner for the first time in nearly four decades. The transaction, which emerged from a court-supervised auction following […]
Saudi Arabia: Unilever expands Omo production
Unilever, the global consumer goods giant, has expanded its home care manufacturing capabilities in Saudi Arabia with the inauguration of a new production line for its Omo liquid detergent brand at its Jeddah facility. The new state-of-the-art line has been installed at the Binzagr Unilever Limited (BUL) factory and will serve as a key regional […]