Making Kükre A.Ş. a wholly owned subsidiary will enable the Ajinomoto Group to act as a comprehensive food manufacturer in Turkey Ajinomoto acquired an additional 50 per cent of the stock of Kükre A.Ş., a food company in Turkey, for approximately 181 million Turkish Lira (TRY) and made it a[Read More…]
Finance
CP Foods H1 profits up despite livestock pressure
CP Foods booked a 10.5 per cent rise in revenue to THB245.59 billion. Charoen Pokphand Foods, the Thailand-based meat and seafood group, saw its earnings in the first half of the year rise despite a sharp fall in segment profits from its livestock division. The company posted profit for the[Read More…]
Neo Group reports losses in 1QFY18
It is due to operational improvements in the food manufacturing business. Neo Group reported losses of $0.65m in 1QFY18, which is significantly lower than last year’s $2.5m loss for the same period. The reduced losses were attributed to better cost control and a turnaround at the food manufacturing business, according[Read More…]
Acquisition of Daiya Foods by Otsuka for 405 million Canadian dollars
Acquisition furthers shared goals of establishing a global plant-based food platform delivering better health around the world. Otsuka Pharmaceuticals Co. Ltd., which offers brands such as Nature Made vitamins and Soyjoy nutrition bars and operates worldwide including countries like the United States and Canada has entered into a definitive agreement[Read More…]
Refresco acquires the bottling activities of Cott Corporation for U.S.D 1.25 billion
After the deal, Refresco will be the world’s largest independent bottler for retailers and A-brands in Europe and North America with a combined production volume of approximately 12 billion liters. A leading independent Netherlands-based bottler of soft drinks and fruit juices, Refresco, has acquired the bottling activities of Cott Corporation,[Read More…]
Ajinomoto Co, Inc acquires French frozen food company
Going forward, Ajinomoto Co will further strengthen its consumer foods business in Europe and accelerate growth. Ajinomoto Co, Inc has acquired the French frozen food company Labeyrie Traiteur Surgelés S A S (LTS) through its consolidated subsidiary, Ajinomoto Foods Europe S A S (AFE), which signed a share purchase agreement[Read More…]
Starbucks to buy out China venture
The acquisition, the largest in Starbuck’s history, will build on the company’s ongoing investments in the country Starbucks will acquire the outstanding 50 per cent of its joint venture in China for $1.3 billion, as part of its commitment to growing its business in the region. The coffee chain will[Read More…]
Agrana invests $25M in Chinese facility
It will serve some of Agrana’s highest-profile customers, including Danone, Mengniu, Bright Dairy, and Unilever. Austrian fruit ingredients producer Agrana will invest almost €22 million in a new manufacturing facility in eastern China. The site – at a high-tech industry park in the city of Changzhou, near Shanghai – is[Read More…]
McCormick to purchase the food business of Reckitt Bencksier Group for $4.2 billion
With the deal, McCormick expects to achieve “meaningful accretion” to margins and adjusted earnings per share, excluding transaction and integration costs. It expects cost synergies of about $50 million, most of which by 2020. McCormick & Co said it would buy the food business of British consumer goods conglomerate Reckitt Benckiser Group for[Read More…]
Sonoma Creamery announces an investment of $10 million by Chicago-based Svoboda Capital Partners LLC
The Company is a manufacturer of shelf-stable, high-protein, gluten-free, naturally lactose-free, baked cheese snack made with organic quinoa and no artificial preservatives and has also launched Parmesan Crisps, Cheddar Crisps and Bacon Cheddar Crisps, with real bacon and no added nitrates or nitrites. Sonoma Creamery, a manufacturer and marketer of[Read More…]
