Following the transaction, Primavera will have a royalty-free perpetual and exclusive license of the Mead Johnson brand in Greater China Primavera Capital Group has signed a definitive agreement with Reckitt Benckiser Group plc, a world’s leading consumer health, nutrition, and hygiene company, to acquire the Greater China business of Mead Johnson Nutrition[Read More…]
Finance
Nestle invests $220M in Indonesian beverage plant
To produce Bear Brand liquid milk and ready-to-drink beverages Nestlé has broken ground on the construction of a new factory in Batang, Indonesia. The factory will create about 200 new jobs in the Central Java province and will produce Bear Brand liquid milk and ready-to-drink beverages, Milo and Nescafé, to fulfill growing consumer demand. It[Read More…]
Lamb Weston Holdings invests $250 M in french fry processing Facility in China
The facility is expected to add approximately 280 full-time positions US based Lamb Weston Holdings, Inc. has announced an expansion of french fry processing capacity in China and the declaration of its quarterly dividend. “The french fry category is poised for growth globally, and China continues to be a critical[Read More…]
Mondelēz acquires Australian firm Gourmet Food Holdings
The company has entered fast-growing premium and well-being cracker segment Mondelēz International has recently announced that it has entered into an agreement to acquire Gourmet Food Holdings Ptd. Ltd, a leading Australian food company with a strong position in the attractive premium biscuit and cracker category. Gourmet Food’s brands, including OB[Read More…]
Danone partners with CDI to convert stake in Chinese partner Mengniu
Mengniu is a leading Chinese manufacturing and distribution company of dairy products As part of its ongoing portfolio review, Danone has announced that it has reached an agreement with COFCO Dairy Investments Limited (CDI), to convert Danone’s stake in China Mengniu Dairy Company Limited (Mengniu), currently held indirectly, into a [Read More…]
Tate & Lyle to acquire tapioca business in Thailand
This investment extends Tate & Lyle’s presence in specialty tapioca-based texturants Tate & Lyle PLC, a leading global provider of food and beverage ingredients and solutions, has signed an agreement to acquire an 85% shareholding in Chaodee Modified Starch Co., Ltd. (CMS), a well-established tapioca modified food starch manufacturer located[Read More…]
Dairyworks sells Deep South ice cream brand
Sold its Deep South brand and associated ice cream operations to Talley’s for an undisclosed sum New Zealand based Dairyworks Limited, a subsidiary of Synlait Milk Limited (Synlait), has sold its Deep South brand and associated ice cream operations to Talley’s Group for an undisclosed sum, effective 12 November 2020.[Read More…]
Danone intends to sell stake in Yakult
Existing commercial partnerships, including joint-ventures in India and Vietnam remain in place In accordance with its continued focus on capital allocation discipline and balance sheet strength, Danone has launched the sale via an accelerated bookbuilding process of its remaining 6.61% stake in Yakult Honsha Co. Ltd. (“Yakult”), a global leader[Read More…]
Urban Tea acquires 80% equity interests in Guokui Management
Has entered into a share purchase agreement Urban Tea Inc. (MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, has announced that it has entered into a share purchase agreement, pursuant to which the Company agreed to pay $400,000 in cash to acquire 80% of the equity interest[Read More…]
World’s first edible insect protein company to launch IPO
Ento is an early stage alternative protein company specializing in farming, food technology and distributing edible insects (crickets and larvae) for human consumption Ento, a Malaysia-based alternative protein company has announced the launch of its equity crowdfunding campaign (ECF) via Fundnel, marking one of the world’s first alternative protein companies to[Read More…]
