Fonterra considers sale of stake in Brazilian joint venture, to close Australian facility

USA – New Zealand dairy giant, Fonterra has announced that it has reached an agreement with Nestle for potential sale of respective stakes in their Dairy Partners Americas (DPA) Brasil joint venture. Fonterra has also […]

Caliva buys plant-based brand Zola to accelerate cannabis drinks category

USA – Caliva, an integrated cannabis company has announced that it has acquired plant-based beverage maker Zola to expand its cannabis- and hemp-based drinks category. The acquisition gives Caliva distribution access to major retailers and […]

Givaudan to acquire Vietnamese flavor company Golden Frog

VIETNAM – Swiss flavors and fragrances company, Givaudan has announced that it has agreed to acquire Golden Frog, a Vietnamese company owned flavor house for an undisclosed sum. The acquisition is part of the company’s […]

Coca-Cola halts plans to refranchise African bottling unit, retains majority stake

SOUTH AFRICA – Multinational beverage giant, The Coca-Cola Company, has unveiled that it would retain its majority stake in South African-based Coca-Cola Beverages Africa (CCBA) as talks to find a bottling partner(s) could not be […]

RMB, Nedbank acquire majority stake in sugar company Tongaat Hulett

SOUTH AFRICA – Rand Merchant Bank (RMB) and Nedbank have acquired a major shareholding in South Africa sugar producing company, Tongaat Hulett after the firm was compelled to unwind its empowerment deal. Tongaat said in […]

Delta Corporation increases shareholding in African Distillers to 50.1%

ZIMBABWE – Delta Corporation Limited, a leading beverages producer in Zimbabwe, has increased its shareholding in wine and spirits firm, Africa Distillers Limited (Afdis) to 50.1% as the majority shareholder. Before the additional share accumulation, […]

Fonterra sells Tip Top ice cream business to Froneri for US$250m

NEW ZEALAND – New Zealand’s dairy giant, Fonterra has agreed to sell its Tip Top ice cream business to global ice cream manufacturer Froneri for US$250 million (NZD 380 million). The transaction is expected to […]

McDonald’s India acquires full ownership of Connaught Plaza Restaurants

INDIA – Fast food giant, McDonald’s India has acquired full ownership of Connaught Plaza Restaurants Limited (CPRL) franchise in the North and the East India. CPRL will now be wholly owned by MIPL and its affiliate McDonald’s […]

Dairy Crest CEO Mark Allen steps down after Saputo takeover

CANADA – Canadian dairy processor, Dairy Crest has announced that Mark Allen is stepping down as Chief Executive of Dairy Crest after successful completion of the takeover. Also, Mr. Tom Atherton, Dairy Crest Deputy Chief […]

Boston Beer Company merges with Dogfish Head in a deal worth US$300m

USA – The Boston Beer Company has signed a definitive merger agreement with Delaware based company, Dogfish Head Brewery in a transaction valued at approximately US$300 million. The merger looks to explore opportunities in the […]