Nestle, the Swiss food and beverage corporation has announced plans to close its confectionery manufacturing facility in Diosgyor Hungary, by the end of the year due to a decline in demand for seasonal chocolate products. The site primarily manufactures chocolate hollow figures for major brands such as Smarties, KitKat, and Milky Bar. According to the company, falling demand in recent years has led to a significant reduction in output at …
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Japan Tobacco Inc, the tobacco manufacturer has announced that its subsidiary JT Group signed an agreement on the 22nd July 2026 to acquire the trademarks and related intellectual property rights for the European Union and Switzerland of fine cut tobacco brands BREAK and Moro from Scandinavian Tobacco Group A/S (STG) for €176 million (¥32.6 billion / $191 million). The transaction is expected to be completed within 2026, subject to receiving …
Lactalis, the French dairy business is in exclusive negotiations to acquire Triballat a France-based family-owned producer of protected designation of origin (PDO) cheeses. Founded in 1901 and based in Rians Triballat operates 17 production facilities including 14 in France, one in Spain and two in the US, employing 1,600 people. Specialising in goat’s cheese, faisselles cheeses and dairy desserts, the business produces the Rians brand along with PDO cheeses such …
Mars Snacking, the US-based confectionery and snacks manufacturer and Mars subsidiary, has announced plans to close its US headquarters in Newark (NJ) by the end of 2027 as it consolidates operations in Chicago. The company filed a WARN notice in New Jersey stating that it will eliminate 307 jobs at its Newark headquarters by 16th October 2026. Mars originally transitioned its US headquarters to New Jersey in 2020 while keeping its …
Platinum Equity, a global investment firm and Nestle, the food and beverage group have announced plans to create a 50 / 50 joint venture named Peranel for the Nestle Waters and premium beverages business. Assigning an enterprise value of $5.6 billion (€4.9 billion) to Peranel, the transaction covers a portfolio of more than 30 brands sold in 120 countries, including S.Pellegrino, Source Perrier, Acqua Panna and Nestle Pure Life. Headquartered …
Nestle, the global food and beverage company has announced an investment of R$ 540 million ($96 million) in its Aracatuba factory in Sao Paulo by 2028. According to the company, the resources will be allocated to industrial modernisation, operational efficiency gains, incorporating new technologies, and strengthening production capacity. The Araçatuba facility is Nestle Brazil largest factory in terms of net revenue, producing over 180 products, including infant formulas, medical nutrition, …
The Vita Coco Company, the US-based beverage manufacturer has acquired US-based super-premium coconut water producer Copra for an upfront consideration of $175 million subject to customary closing adjustments. The acquisition gives Vita Coco a platform to enter the super-premium cold-chain segment of the coconut water category where it does not currently compete. Copra, which utilizes an extract-and-fill-on-site operating model supported by a factory in Thailand, generated a net sales CAGR …
Intersnack Group, the German savoury snacks manufacturer has agreed to acquire Utz Brands, the US salty snacks producer in a transaction valuing the business at approximately $2.9 billion. Under the definitive agreement Intersnack will purchase all outstanding shares of Utz’s Class A common stock for $14.25 per share in cash representing a premium of approximately 91% to its closing share price on the 20th July 2026. Following completion, Utz will …
Assisi Pet Care, the London-based pet care group has acquired Forthglade the Devon-based natural pet food manufacturer for an undisclosed sum. Founded in 1971 and headquartered in Okehampton, Forthglade specializes in minimally processed wet and dry dog food and natural treats. The company operates a manufacturing facility in Okehampton and distributes through grocery retailers, independent pet stores and online channels. In the year to 30th September 2025 Forthglade Foods Ltd …
Suntory Beverage & Food GB&I (SBF GB&I), the producer of Ribena and Lucozade, has announced a £14.5 million ($18.9 million) investment in a new blackcurrant processing facility. Developed in partnership with Bevisol, a Herefordshire-based subsidiary of Dohler Group, the facility in Ledbury is in operation in time for this years harvest to process fruit sourced from SBF GB&I’s network of 33 British farms. The plant introduces modern technologies, including advanced …
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