African Export-Import Bank (Afreximbank) has announced an investment by the Fund for Export Development in Africa (FEDA), its development impact-oriented subsidiary, into TND SA, an FMCG company in Mauritania.
Nounós Creamery says its yogurt is made with an authentic Mediterranean-style rather than ‘Greek inspired’ methods. A recent investment has it poised for substantial growth in the US.
After competing in the 2018 Sprint Accelerator and winning last fall’s Foodbytes! competition in NYC, SomaDetect is cementing its future with significant funding.
The Government of Canada is investing in its dairy industry by awarding C$2.6m (US$2m) to Cows Inc., a dairy processor from the province of Prince Edward Island (PEI) that produces ice cream, cheese, butter and runs a line of ice cream parlors across...
Following the Australian Competition and Consumer Commission’s (ACCC) comments over a potential lack of competition should Saputo’s purchase of Murray Goulburn go ahead, the Canadian company has said it will sell the plant in question so its takeover...
Amcor Flexibles Americas (AFA), which supplies flexible packaging for bread, dairy, confectionery, snacks and coffee, has implemented a 5-10% price increase on its products.
Dean Foods announced a minority investment and distribution deal with Good Karma Foods, adding resources to expansion plans of the latter, a small Colorado-based independent company that specializes in flaxseed beverages and yogurt.
Arla Food’s board of representatives has voted to distribute €124m ($131m) to its farmer-owners as the annual supplementary payment, also known as the 13th payment. On average, that amounts to one eurocent per kilo of milk supplied by each farmer.
New Zealand supplement and health food manufacturers are likely targets for merger and acquisition activity over the next year, with private equity firms, notably from China, increasingly looking to splash the cash.
Mexico-based Grupo LALA registered a 14.6% sales increase for the fourth quarter of 2016 posting $720m (14.5bn pesos), up from $620m (12.5bn pesos) for the same period last year.
Latvia-based Food Union Group, an international group of dairy and ice cream producing companies in Northern Europe, has received a combined $225m investment from Asian private equity firm PAG, and Meridian Capital, an existing investor.
Canada’s Agropur Cooperative has announced revenue and Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) increases for the 10th consecutive year.
Egypt’s Qalaa Holdings has sold a mothballed cheese company and the Sudanese division of its sweets producer in deals totalling almost US$10m, the group announced this month.
Peak Rock private equity firm has acquired Berner Food & Beverage, which manufactures private label cheese dips, salsa con queso, alfredo sauce, aerosol cheese products and coffee and latte-based beverages.
The “easy money has been made” for Chinese and international infant formula companies as they prepare for the rush for powdered baby food to tail off over the next five years after a decade’s stratospheric growth.
Tough markets and cautious optimism were among the main themes in presentations from the biggest food and consumer goods companies in Europe last month, according to investment analysis firm Sanford C. Bernstein.
US infant formula giant Mead Johnson Nutrition has bolstered its presence in the lucrative Asian market with the opening of a Singaporean research and production site.
Agriculture minister Barnaby Joyce has assured Chinese farmers that Australia is “not a threat” to their livelihoods on a day when two Far East investment groups established a A$3bn (US$2.7bn) fund to invest in Australian agriculture.
Investment from Swire, The Coca-Cola Company, Danone and ALPLA
Avantium has closed a financing round of $50m from a consortium including Swire Pacific, The Coca-Cola Company, DANONE, ALPLA, and existing shareholders to advancing PEF packaging material.
Dairy Crest is “well placed” for growth in the UK through internal investment or acquisitions following the 2012 disposal of its French spreads business, St Hubert, according to the company's CEO Mark Allen.
Chinese dairy processor, Yashili International, has been given the go-ahead by authorities in New Zealand to build a NZ$100m infant formula manufacturing plant in the country.
European food and drink manufacturers are making a "bold gamble" on research and development (R&D) investment in the tough economic climate, according to results from the latest IPA 2012 survey.
Food and nutrition giant Nestlé has reported improved sales in its 9-month results driven by growth in emerging markets, but Q3 was a little slower than last year.
Swiss food and beverage giant Nestlé has completed a €6m investment at its Pontecesures, Spain condensed milk plant in an effort to expand its product and packaging formats portfolio to meet export demands.
Ultima Foods has signalled its intention to “solidify” its leadership of the Canadian dairy industry through a double edged agreement that will see it continue to produce Yoplait brand yogurt and launch of its own brand of yogurt products.
Amcor said strong performance across the board in its flexible and rigid packaging divisions fuelled a 14% profit increase in the first half of the year as recent acquisitions of Ball and Alcan continued to reap rewards.
Ecolab said it has completed the US$8.3bn (€6.4bn) takeover of Nalco as part of a strategy to tap into global mega-trends such as food safety and the need for industry players to maximize operational efficiencies such as energy and water reductions.
R&R Ice Cream has acquired Europe’s largest private-label ice cream manufacturer Pilpa in a deal worth around €17.65m, plus stock on completion estimated at €9m.
Food giant Unilever saw net profits grow 10% to €2.235bn in the first half of 2011, with its brand equity allowing it to weather severe raw materials price hikes in some cases.
Unilever said it is investing HUF2.2bn (€8m) in its Hungarian ice cream factory in order to build a new updated cold storage space at the facility, plans which were previously postponed by the food giant.
Allegations of financial impropriety against China-Biotics are growing louder with respected investment publications coming down against the company for massaging its financial figures to overstate revenues.
The results of the inaugural FoodProductionDaily.com survey gauging the outlook for the food and drink processing industry reveal that commodity and packaging material price increases, the bugbear of the past few months, are proving a challenge for 80...
Leading beverage filling and packaging technology company Krones reported a number of drink makers signing on the dotted line at German trade show Brau Beviale last week, and we caught up with executive chairman of the board, Volker Kroneseder, to get...
