HOCHDORF to divest Lithuania milk plant Baltic Milk UAB

SWITZERLAND - The HOCHDORF Group, the producer of natural ingredients such as milk, wheat germ and oil seeds, is parting company with HOCHDORF Baltic Milk UAB. The HOCHDORF Baltic Milk UAB milk plant, which is being taken over by an investment group, was the HOCHDORF Group's first milk plant in the European Union. The sale will take place retroactively to the end of May.…

DSM targets acquisitions in Nutrition and reduce greenhouse emissions

NETHERLANDS - DSM, the Dutch speciality chemicals company said in a strategy update that it targets value-creating acquisitions predominantly in Nutrition as well as step-up its ambitious goals regarding the reduction of GHG emissions, energy efficiency and use of renewable energy. The company said given its science-based competencies, it works on delivering on global megatrends…

BigBasket in talks to acquire majority stake in Kwik24 start-up company

INDIA - The Indian online grocery and food products provider, BigBasket is eying a majority stake in smart vending machines start-up Kwik24 in an effort to expand its offline grocery business. ET Retail reported that according to people familiar with the matter, BigBasket had earlier launched a pilot program with Kwik24 to deploy smart vending…

France’s Malteries Soufflet Group to invest US$50m in a new malting factory in Ethiopia

ETHIOPIA - Malteries Soufflet, the malting division of the French family-owned business Soufflet Group plans to build US$50 million malt processing plant in Bole Lemi Industrial Park, Ethiopia. The plant, sitting on a 10,000sqm site will have a capacity of 60,000tn of malt a year, according to an article by the Fortune. The malting factory…

SA management considers buying the largest African feedlot valued at US$450m

SOUTH AFRICA - The management of the largest cattle feedlot in the continent, Karan Beef (Pty) Ltd is planning to acquire part or all of the firm from its owner Ivor Karan in a deal that values it at US$450 million, according to people familiar with the matter. An article by Bloomberg revealed that Karan…

Nestle to invest Outsiders Pizza brands as part of its innovation models

FRANCE - Nestle SA, in line with its innovation models called ‘internal incubators’ will invest in Outsiders Pizza Co. and Wildscape brands as part of its innovation approach through start-ups. The investment enables Nestle combine its broad capabilities and strength with the speed and mentality of a start-up in order to conform to the ever…

EU invests US$2.37m in cashewnut project in Kenya to revive the industry

KENYA - The European Union has launched a US$2.37 million cashewnut and sesame value chain project to revive the ailing industry after the collapse of the sole processor at the Kenyan Coast, Kenya Cashewnuts Factory. Revival of the new factory, now under the management of the Millennium Nuts Company, brings hope for 15,000 farmers in…

Coca-Cola Ghana wins bottling and manufacturing company of the year awards

GHANA - The Cola-Cola Bottling Company of Ghana (TCCBCG) has been named the “Bottling Company of the Year” and the “Beverage Manufacturing Company of the Year (non-alcoholic)” at the Ghana Manufacturing Awards held in Accra on May 24. It recommends the Coca-Cola bottler for achieving sustainable growth, becoming once again, the best beverage company in…

Seaboard’s joint venture increases capacity with second shift at Iowa pork plant

USA - Seaboard Triumph Foods (STF), a joint venture between Seaboard Foods and Triumph Foods has announced that it plans to increase production with a full second shift at its pork processing facility in Sioux City, Iowa by mid-October. The second shift has been running since May but on a limited basis, with continued hiring…

Walmart starts dairy production with own milk plant in Indiana

USA - The American multinational retail corporation, Walmart has inaugurated a new dairy processing plant in Fort Wayne, Indiana, its first food production facility in the United States. The facility will produce liquid milk sourced from 30 dairy farms in Indiana and Michigan, serving some 500 Walmart stores in Illinois, Indiana, Ohio, Michigan and Northern…