Unilever urges FMCG industry to tackle ocean plastic wastes

UK - Unilever has called for the consumer goods industry to step-up its efforts to tackle the mounting challenge of ocean plastic waste and create a circular economy for plastics. CEO Paul Polman confirmed that the company has made plans to keep the industrial environments safe a year after Unilever made its industry-leading commitment to…

Arla announces US$655.8m investment plans towards its 2020 growth ambition

UK – Arla Foods, the farmer-owned dairy cooperative has announced a plan to invest US$655.8 million in 2018 as it continues to deliver on its 2020 growth ambition. The executive management’s decision to significantly increase the investments of the company was approved by Arla Foods’ board of directors, which consisted mainly of elected farmer owners.…

Nestle releases new line of premium chocolate bars in the UK

UK - Nestle UK has released a new line of posh chocolate bars, Les Recettes De L’Atelier chocolate bars, which will cost up to three times the price of the standard Dairy Milk. According to the company, the new Les Recettes De L’Atelier chocolate bars are made using Swiss chocolate, and will be stocked exclusively…

Cargill partners with Faccenda to launch a new poultry venture Avara Foods

UK - Cargill’s fresh chicken unit in the UK has partnered with Faccenda, a supplier of fresh chicken, turkey and duck to launch a new poultry venture, Avara Foods As part of the agreement, each company will hold a 50% stake in the newly created business. Avara Foods business will operate as an independent entity…

Cargill partners with Danish firm to invest in potato starch production facility

DENMARK – Cargill, in a joint venture with AKV Langholt AmbA, has invested US$22.5 million in a new potato starch production unit at Langholt facility in Denmark. According to the company, the operation of the facility will produce starches that will add to Cargill’s SimPure portfolio as the company anticipates the global pre-gelatinized starch industry…

Tyson Foods acquires minority stake in cultured meat producer Memphis

USA – Meat producer Tyson Foods has acquired a minority stake in Memphis Meats, producer of cultured meats to address the increasing demand for protein around the globe. The acquisition will see an expansion of Tyson Foods’ broad portfolio of products and brands like Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and…

Mounting losses at Seven-Up lead to ₦10.3bn loss in nine months

NIGERIA - Seven-Up Bottling Company Plc (“SBC”) reported its nine months results on Tuesday, with the ailing company posting a net loss of ₦10.3bn, a 113% increase from the ₦4.8bn loss it recorded in the previous year. The company, which recently exited the Nigerian Stock Exchange over its continued dismal performance in recent years, said…

BBF acquires Greencore PLC’s Cake and Desserts manufacturing facility

UK - Bright Blue Foods Limited, manufacturer of a wide range of quality cakes has announced that it has reached an agreement to acquire the cake and dessert manufacturing facility in Hull from Greencore PLC. The cake and desserts manufacturing facility will operate under the leadership of Jonathan Lill as CEO who will receive support…