Frit Ravich, the Spanish crisps and snacks manufacturer, is set to invest over €115 million ($133 million) in two new facilities as part of its Strategic Plan 2030. The company plans to build a new 33,000 sq m production plant in Macanet de la Selva (Girona), adjacent to its central headquarters, with construction scheduled to begin in 2027. This facility will focus on manufacturing crisps and popcorn, enabling the current …
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Unilever Prestige, the luxury beauty division of consumer goods manufacturer Unilever, has entered into a strategic partnership with software developer CauzzyAI to deploy its enterprise artificial intelligence (AI) platform across its brand portfolio. The collaboration is designed to embed AI capabilities into daily operations, transforming Unilever Prestige into an AI-native enterprise. Under the agreement, participating brands will deploy CauzzyAI’s AI agents across enterprise resource planning (ERP) systems, including Oracle NetSuite, …
Sapporo USA, the US subsidiary of the Japanese brewing company, is set to permanently close its Escondido brewing facility and bistro in California, resulting in 220 job losses. According to notices filed with the state of California, redundancies will take place in stages starting on 19th October, when 58 employees will lose their jobs, with all non-hospitality operations expected to wind down by mid-November. The closure follows the sale of …
Charoen Pokphand Foods (CPF), the Thai food group, is expanding into bottled water through its subsidiary CPF Food and Beverage Company Limited (CPFFB) by acquiring a 51% stake in local producer Brew Factory Company for 334.7 million THB ($10.14 million). In a filing to the Stock Exchange of Thailand, CPF stated that the deal was “in line with the CPF Group’s business direction to expand its investments into the bottled …
Barilla Group, the international food company, has entered into an agreement to acquire Goodles, the US-based boxed mac and cheese brand. Founded in October 2020 as Gooder Foods and based in Santa Cruz (CA), Goodles produces mac and cheese products distributed across major and independent US retailers. Following the transaction, Goodles will continue to operate independently as a standalone brand from its Santa Cruz headquarters, retaining its 73-person team under …
Nestle, the food and beverage company, has announced an investment of R$2 billion ($360 million) in its Nutrition and Health division in Brazil up to 2028. The flagship project is a new R$600 million ($108 million) infant formula factory in Ituiutaba, Minas Gerais, designed to expand supply for the domestic market and create future export opportunities. Construction of the largely automated plant is scheduled to begin in 2027, creating around …
Henkell Freixenet, the international sparkling wine producer, has acquired a 60% stake in Cassidy Wines, the Irish wine distributor. The combined business will operate under the established Cassidy Wines name as part of the Henkell Freixenet group, with the ambition of becoming one of Ireland’s leading wine distribution companies. Cassidy Wines, which possesses almost 50 years of experience in the Irish wine trade, will continue to operate from its modern …
Rewe, the German retail change, has expanded its private label portfolio with the launch of a new brand named Rewe PWR. The range comprises eight initial products designed for active consumers, including six protein bars alongside a whey protein and a clear whey protein powder. Pricing for the items starts at € 0.85 ($0.98) for a protein bar up to €16.99 ($19.55) for a clear whey protein powder. According to Rewe, the …
Mars, the food and snacking giant, is launching Pringles Dippers, the brand’s first-ever thicker, sturdier and wavier crisp designed specifically for dipping. Engineered with a scoop-like design to handle various dipping styles, the new line is available in three flavours: Original, French Onion, and Bacon Cheddar. Eileen Flaherty-Yao, senior director of Salty at Mars Snacking North America, commented: “We know it can be frustrating if your typical salty dipping vessel …
PAG, the alternative investment firm, has signed an agreement to sell its majority stake in Cordina Group as part of a merger with TUROSI, the Australian operations of global food group OSI. The transaction will combine Cordina Group, a poultry producer founded over 80 years ago in Girraween, New South Wales, with TUROSI to form a new business trading as Cordina OSI. The combined enterprise aims to create a scaled …
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