Keurig Dr Pepper to acquire CORE Nutrition LLC for US$525m

USA - Keurig Dr Pepper, an American beverage-maker conglomerate, has announced that it has entered into a definitive agreement to acquire CORE Nutrition LLC at a value of US$525 million, or approximately US$435 million net of anticipated tax benefits. Founded in 2015, the rapidly growing Core Nutrition portfolio includes CORE Hydration, a premium, nutrient-enhanced bottled…

Tanzania Breweries half year profit falls 16% on difficult business environment

TANZANIA - Tanzania Breweries Ltd, the country’s largest brewing company has reported 16% decline in profit to US$28.25 million for the six months ended June 2018 due to challenging business environment, reports Daily News Tanzania. Revenue dropped by 3% to US$213.53 million impacted by heavy rains in the months of April and May. TBL’s first…

Coca Cola’s Atlanta-based company buys French juice company Tropico

ATLANTA - The Coca-Cola’s Atlanta-based beverage giant has added a French juice company to its ever-diversifying portfolio, as it continues to acquire more companies in the beverage market. According to Coca-Cola, it entered into an agreement with the company Alizé to purchase all of the Tropico S.A.S business activities in France, as it has been reported to…

Arca Continental officially complete construction of new plant in Houston

USA - Arca Continental, one of the largest Coca-Cola bottling companies in the world, and its Coca-Cola Southwest Beverages company, has completed the laying of the first stone of its new plant and Center for Coca-Cola Distribution in Houston, Texas. According to the company, the executives of Arca Continental and CCSWB, along with federal, state…

Authority orders bottler to shut down on Classy Water standards controversy

ETHIOPIA - The Ministry of Trade has cautioned the public against Classy Water bottled by Belay Industrial Plc on water quality issues, leading to the closure of the facilities, reports Fortune. The warning to avoid and stop drinking the product was issued on 20 September 2018 by the ministry saying a batch of bottled water…

AIF, Kenchic, SALL, CCBA, Wrigley’s and EABL take top positions in Plant of the Year Awards

KENYA- The food industry in the Eastern and Southern Africa regions is on the upswing, in terms of new investments in new plants and expansions, as evidenced in the just concluded Africa Food Industry Excellence Awards, held on September 14 at Safari Park Hotel, Nairobi, Kenya. Courtesy of the entries received in the highly prestigious…

Craft beer market in Europe has doubled up by 178% since 2013, surpassing N. America

EUROPE - North America, since 2013, has dominated the global craft beer market, accounting for 52% of all craft beer launches, but now another continent has taken the lead. According to data from Mintel, the number of craft beer launches in Europe has more than doubled since 2013 (up 178%) making it a global leader…

Calibre Foods, Squishy Drinks and Bio Foods win the most innovative packaging awards

KENYA – Calibre Foods, Squishy Drinks and Bio Foods Ltd were the winners of the most sought after most innovative packaging application in a new product at the just concluded Africa Food Industry Excellence Awards. The category, which was introduced at this year’s Awards, saw the three companies walk away with the packaging award for…

Coca-Cola to complete acquisition of Nigeria’s largest juice company, Chi Limited

NIGERIA - The world’s soft drinks giant, Coca-Cola is planning to acquire the remaining 60% stake in Nigeria’s leading juice and snacks producer, Chi Limited with the deal to close early next year. The Coca-Cola company entered an agreement to acquire an initial minority equity shareholding (40%) in the juice and snack producer Chi Ltd…

Coca-Cola in talks with cannabis-infused beverages company Aurora Cannabis

USA - The Coca-Cola Company, the global manufacturer for non-alcoholic beverages, is in “serious talks” with Aurora Cannabis Inc. to develop cannabis-infused beverages, a move that would signal a significant foray into the marijuana sector. According to Bloomberg, Coca-Cola is interested in developing beverages that are infused with cannabidiol, commonly referred to as CBD, the…