Kneipp, the German health and personal care brand, has opened a new manufacturing plant at its headquarters in Ochsenfurt-Hohestadt as part of a €65 million ($72 million) investment program. According to the company, the investment comprises a new facility, modernised equipment, automation and digital processes. The expansion doubles Kneipp’s production space from around 5,000 sq m to 10,000 sq m, supporting its growth strategy and product innovation pipeline. Katharina Höhne, …
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Hite Jinro, the South Korean beverage manufacturer, is to cease operations at its soju production plant in Ma-dong, Iksan, North Jeolla Province, ending 69 years of operation. The company announced that it will suspend production at the facility starting 16th October, with manufacturing functions being consolidated into its existing plant in Jeonju. Production equipment and personnel will be relocated to the Jeonju facility in stages. Built in 1957 as the …
NotCo, the Chilean food tech company, has sold its Brazilian business to local investment group Ferrara, three months after agreeing to transfer its operations in Argentina and Uruguay to Molinos Río de la Plata. The deal further reduces the number of markets where NotCo runs its branded food business itself, with financial terms left undisclosed. Operating in Brazil for six years, NotCo saw its NotMilk brand become the second-largest national …
Nestle, the food and beverage manufacturer, has completed an expansion project valued at over C$68 million ($50 million) at its confectionery factory in downtown Toronto. According to Nestle , the investment adds physical production space, advanced equipment and site utilities, including a flexible moulding line designed to produce KitKat and Aero. “Our 550 factory employees have built an incredible legacy, and this investment gives them even more to build on …
Berentzen, the German beverage producer, has confirmed that it is in negotiations with US-based spirits manufacturer Sazerac regarding a voluntary public takeover offer. According to an information disclosure by the Haselünne-headquartered company, Sazerac is seeking to acquire all outstanding shares in Berentzen. Berentzen operates across the spirits, non-alcoholic beverages and fresh juice systems segments, with a brand portfolio that includes Apfelkorn, Puschkin Vodka, Doornkaat, Bommerlunder and Mio Mio. The potential …
Eridania, the Italian sugar and sweetener business owned by France’s Cristal Union, is investing €20 million ($22 million) to upgrade its facility in Russi, Ravenna. The investment forms part of a broader strategy to improve supply chain efficiency and accelerate expansion in the sweetener segment. Approximately 75% of the total funds (around €15 million / $16.7 million) will be allocated to a new 10,000 sq m logistics hub, replacing the …
Caudalie Group, the French skincare group, has acquired a majority stake in Paris-based toiletries startup Talm for an undisclosed sum. Marking the first acquisition in the history of the group, the deal expands Caudalie’s portfolio into skincare products designed for pregnancy, the postnatal period and sensitive skin. Caudalie previously took a minority stake in the brand in 2022 following a fundraising round. Talm, which launched in 2021, currently offers a …
TMICC, the global ice cream business, has commissioned a new Ben & Jerry’s production line at its Heppenheim facility in Germany as part of an ongoing €30 million ($36 million) site expansion. Spanning 100,000 sq m, the Heppenheim facility is the company’s largest factory in Europe. The new line will produce Ben & Jerry’s pint varieties, including Cookie Dough and Chocolate Fudge Brownie, serving domestic and neighbouring European markets alongside …
Hain Celestial, the health and wellness company, has entered into a definitive agreement to sell the majority of its business outside North America to global private equity firm Aurelius for an estimated $323 million in cash. Net proceeds from the transaction are expected to range between $305 million and $310 million, which the company plans to use to reduce its debt upon closing. The sale includes brands such as Ella’s …
Belle Brands, a platform company formed by consumer-focused private investment firm Windsong Global, has acquired Vegamour, a US-based biotech-powered hair care business. Vegamour was founded in 2016. Its brand portfolio joins Belle Brands’ growing suite of beauty businesses, which includes JVN Hair, Pipette, KVD Beauty and Versed. Vegamour’s flagship products include GRO Hair Serum, designed to reduce hair shedding and support thicker, fuller-looking hair over time, and GRO Revitalizing Shampoo, …
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