Kerry Group acquires Spanish marinades producer Hasenosa

IRELAND - Kerry Group, an Irish food and nutrition company has acquired Spanish food firm Hasenosa, a Spain company which produces specialty flours, batters and tempuras for an undisclosed sum. The company, whose brands include Charleville, Denny and Cheesestrings, said the acquisition would complement its globally-focused taste and nutrition business. The Galicia-based firm is a…

Quebec dairy processor to receive US$3m in funding from Canadian government

CANADA - The Canadian government has unveiled plans to invest up to US$3 million in Fromagerie Bergeron Inc., a Quebec-based dairy processor as part of the Canadian Government’s Dairy Processing Investment Fund. The fund is part of the government’s plan in support of the dairy processors’ investments to improve productivity and competitiveness based on Canada-European…

Azelis inks distribution deal with biopolymers supplier, CP Kelco

INDONESIA - Azelis, specialty ingredients distributor and supplier has partnered with CP Kelco,  a leading hydrocolloids producer to enhance accessibility of its diverse range of products and innovative services including carrageenan, pectin, gellan gum and xanthan gum products in Indonesia. The partnership strengthens existing agreements between the two companies in Europe, Middle East and Africa…

GSK reaches an agreement with Norvatis for its 36.5% buyout stake

UK - GlaxoSmithKline plc, a a British pharmaceutical company has announced that it has reached an agreement with Novartis for the buyout of Novartis’ 36.5% stake in their Consumer Healthcare Joint Venture for US$13 billion. Norvatis, a Swiss multinational pharmaceutical company based in Basel, Switzerland said the joint venture was formed as part of the…

Competition authority approves Saputo’s acquisition deal of Murray Goulburn

AUSTRALIA - The Australian Competition and Consumer Commission has approved Saputo’s acquisition deal of Murray Goulburn and after it agreed to sell its Koroit plant within a specified period to an ACCC approved buyer. MG’s Koroit plant was the only hurdle the ACCC identified in the US$1.3 billion deal announced last October at the MG…

Danish Crown acquires majority stake in Chinese casings producer

CHINA - Danish Crown, through its subsidiary DAT-Schaub has acquired majority stake in Shanghai Natural Casing Company as it seeks to increase its activities in China in processing natural casings for sausage and salami production. This expands the capacity of DAT-Schaub in becoming a global leader in the selecting and processing of natural casings from…

Pizza Hut opens 100th store in sub-Saharan Africa

SOUTH AFRICA - Pizza Hut, the American restaurant chain and international franchise has opened a new store in Johannesburg, South Africa with ambitious plans to expand into Africa. It provides Italian-American cuisine menu including pizza and pasta, as well as side dishes and desserts in a range of restaurants across Africa. Pizza Hut restaurants now…

Tyson Foods considers sale of pizza crust business

USA - Tyson Foods, the American multinational corporation has announced that it was exploring the sale of its pizza crust business (TNT Crust), while it shifts focus on its core protein business. The company is capitalizing on demand for protein after it reported a 1755 surge in net income for the quarter ended 30, December…

Danone completes US$1.6bn sale of 14% stake in Yakult

FRANCE - Danone has announced that it has completed the US$1.6 billion sale of its 14% stake in the Japanese dairy manufacturer, Yakult after signing a MoU to strengthen probiotic collaboration. In an announcement it made on February 14 2018, Danone said it has sold 24,600,000 shares of Yakult Honsha Co. in a transaction that…

Mondelēz International announces OREO brand will display Cocoa Life logo

USA - Mondelez International has announced that from the end of March, the OREO brand will be covered by its industry leading sustainable cocoa sourcing programme, Cocoa Life. OREO packs will display the Cocoa Life logo, which will be present across the full range by the end of this year. According to the company, this…