South African consumer goods firm Tiger Brands has announced plans to sell its minority stake in Empresas Carozzi, a Chilean food and drinks manufacturer, to Carozzi, which already has a 75.61% share in the company. Founded 126 years ago, Empresas Carozzi produces grains, confectionery, sauces, baked goods, beverages, ice cream, and pet food that are sold across Latin America. Tiger Brands first invested in the company in 1999 and increased its …
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Carozzi
Carozzi, the Chilean consumer goods firm, has entered the flavoured water category with the release of two products blending water with fruit juice under the company’s wellness brand Vivo. According to a report in Tecnomercado Retail, the new water is purified, contains fruit juice and is claimed to be unique in the market by virtue of being free from preservatives, added sugar and artificial colours, as well as low in …
Carozzi, the Chile-based food, non-alcoholic drinks and pet care multinational, has announced the acquisition of 100% of the shares in Alimentos Pancho Villa, a company in the flour and corn tortilla segments that manufactures wraps, burritos, corn chips, sauces and seasonings. The transaction is said to have closed at 7,643,000 CLP ($11.1 million), corresponding to a total of 19,999 shares. According to a company announcement, the purchase “will enable Carozzi …
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