French Salmonella baby milk scandal ‘affects 83 countries’

Courtesy: AFP

FRANCE - More than 12 million boxes of powdered baby milk have now been recalled in 83 countries in a salmonella scandal involving French company Lactalis. The dairy firm's CEO, Emmanuel Besnier, confirmed the extent of the contamination risk to French media. The products have been subject to a recall since December, after salmonella bacteria…

Emmi increases stake in Tunisian dairy for an undisclosed price

TUNISIA – Swiss dairy giant Emmi’s subsidiary Kaiku, has plans to increase its stake in Tunisian No.2 dairy Centrale Laitière de Mahdia SA (Vitalait), from 45.4 % to 54.7 %, to tap into the rising demand for dairy products in the Maghreb country. Based in Mahdia in Tunisia, Emmi currently holds 73.4 % of shares in Kaiku. In…

Morgan Stanley values Indian food delivery company Zomato at US$2.5 billion

INDIA - Wall Street giant Morgan Stanley’s research unit has pegged Zomato’s valuation at $2.5 billion in a report released Thursday. This is almost three times its valuation from its last funding round. The coverage on Zomato by the international brokerage firm was done while taking stock of the startup's publicly traded shareholder InfoEdge, which…

Danone closes Indian dairy plant, to focus on nutrition products

INDIA - The 22-billion-euro French foods giant Danone has decided to exit the dairy business in India. The company, which entered India in 2010, is rationalising its product portfolio and has discontinued stock keeping units (SKUs), which have been making a minority contribution to its overall business in India that include the UHT (ultra high…

Molson Coors acquires UK eight generation cider producer Aspall

UK – Molson Coors Brewing Company has announced the expansion of its cider portfolio through the acquisition of Suffolk, UK based Aspall Cyder Limited. The acquisition brings together two companies with similar family-orientated ownership structures, with close to 650 years of combined experience in operating excellence say the two companies. Founded in 1728 by Clement…

Centum to build Coca-Cola plant and distribution centre in Kenya

KENYA - Almasi Beverages Limited (ABL), majority-owned by listed firm Centum Investments , has announced plans to build a new bottling plant and distribution centre for Coca-Cola products in Eldoret to cash in on the area’s growing middle class. The bottling firm said it would also build a production hall, a warehouse and erect a…

Coca- Cola relaunches Diet Coke in new packaging, adds variants

NORTH AMERICA - The Coca-Cola company has relaunched Diet Coke, its zero calorie beverage brand in North America, following a two-year innovation process fuelled by consumer research and preference for big, refreshing and great-tasting flavors. According to the company, the re-energized and modern Diet Coke has an updated look and sleek new packaging. The company…

Seven-Up Minority shareholders agree to firm’s sale

NIGERIA - Minority shareholders of Seven-Up Bottling Company Plc on Thursday 11th January 2018 voted to sell their shares to the majority shareholder, Affelka S.A. for ₦21.4bn ($66.5 million). At a Court-Ordered Meeting in Lagos, shareholders approved the scheme of arrangement for the buyout. With the transfer of 26.8% minority shares to Affelka, the firm’s…

Mérieux NutriSciences acquires majority stake in French hygiene app maker

FRANCE - Mérieux NutriSciences has announced the acquisition of a majority shareholding in traQ’food, a French start-up commercializing a digital application for restaurants and food service to manage their hygiene and sanitary control plan. Founded in 2015, traQ’food markets the traQ'food application that simplifies the daily management of the Sanitary Control Plan for caterers and…

Scientists worry about honey bees’ attraction to agricultural fungicides

UK – Honey bees are attracted to a fungicide used in agriculture with “unsettling implications” for global food production, according to a scientist. The tests carried out by a team from the University of Illinois showed bees preferred to collect sugar syrup laced with the fungicide chlorothalonil over sugar syrup alone. “Bees are kind of…