Switzerland: Nestle to invest $100 million to expand coffee production in Vietnam
Global FMCG giant Nestle has announced an investment of $100 million to expand its Tri An coffee facility in the southern Vietnamese province of Dong Nai. According to the company, the investment will help to meet growing local and international consumer demand for high-quality coffee. The Nestle Tri An factory exports coffee products from brands […]
Brazil: Nestle investing $1.2 billion in food and beverage production
Consumer goods major Nestle is planning to spend over $1.2 billion to bolster its capabilities in Brazil between 2023 and 2025, consolidating the country as Nestle’s third most important market globally. In a statement, Nestle said money would be earmarked for the adoption of new technologies and manufacturing facilities, more sustainable practices, and product innovation. […]
Brazil: Nestle to acquire majority stake in Grupo CRM
Swiss FMCG giant Nestle has announced the acquisition of a majority stake in Brazilian chocolate manufacturer Grupo CRM from investment fund Advent International. Grupo CRM is described as operating a successful direct-to-consumer business, with over 1,000 chocolate boutiques under the Kopenhagen and Brasil Cacau brands and a growing online presence. Commenting on the acquisition, Nestle […]
Canada: Nestle launches oat-based Haagen-Dazs dessert
Global FMCG giant Nestle has announced an expansion to its plant-based range with the launch of new frozen dessert under the Haagen-Dazs brand in Canada that uses oats as a dairy alternative. Launching across most grocery stores, the new line comes in the varieties Chocolate Peanut Butter (rich chocolate ice cream with creamy peanut butter swirls), […]
USA: Nestle to launch dairy alternative made from broad beans
FMCG giant Nestle has announced plans to launch a new plant-based milk alternative in the US made from a blend of oat and broad (fava) beans. In a press release, the company said the new dairy alternative has strong nutritional value, with 5g of protein per serving and the benefits of amino acids. Claimed to […]
Brazil: Fonterra and Nestle to sell DPA Brazil joint venture
Dairy firm Fonterra and FMCG multinational Nestle have agreed to sell Dairy Partners Americas (DPA) Brazil joint venture to French dairy company Lactalis for BRL 700 million (approx. $133 million), subject to closing transaction adjustments. The sale, which has been delayed due to the pandemic related market conditions, is aligned with the co-op’s strategy of […]
Saudi Arabia: Nestle to Invest $1.86bn in food industry over 10 years
FMCG multinational Nestle has announce the investment of SAR 7 billion (1.86 billion) over the next decade to support business growth. The company will initially invest SAR 375 million ($99.8 million) to build a manufacturing plant which is expected to be opened by 2025. The facility will make infant nutrition products and ready-to-drink coffee, exporting […]
Spain: Nestle to invest in Girona coffee facility
FMCG giant Nestle has announced that it is investing €100 million ($98 million) in a coffee plant in Girona, Spain. According to sources, the investment will be made over the next three years with the goal of increasing the factory’s medium to long-term competitiveness. Nestle plans to install state-of-the-art technology that, combined with automation and […]
Germany: Nestle to acquire majority stake in Ankerkraut
Nestle has announced the acquisition of a majority stake in the German innovative spice mixes maker Ankerkraut, as the European private-equity firm EMZ Partners exits the German business. According to sources, the acquisition is part of the transformation of Nestle’s portfolio acquiring businesses with attractive growth prospects on consumer trends. “Our partnership with EMZ saw […]
USA: Nestle to invests $675 million to build a factory in Arizona
Nestle USA has announced an investment of $675 million to build a new factory in Glendale Arizona to meet the growing demand for its products. The new facility will produce creamers for Nestle’s category-leading portfolio, including the Coffee mate, Coffee mate natural bliss, and Starbucks brands. “Beverages play an increasingly important role in the lives […]