Huhtamaki acquires 70% stake of South Africa based Everest Flexible

SOUTH AFRICA – Huhtamaki, a global food and drinks packaging firm based in Finland is set to acquire a majority stake of 70% in South Africa-based flexible packaging manufacturer, Everest Flexibles for approximately €58 million […]

Indian online grocer BigBasket merges two core arms to speed up delivery

INDIA – BigBasket, an Alibaba-backed online grocer in India has merged two core business, the on-demand 90-minute delivery and planned next-day orders as it seeks increase efficiencies in its business. The Bengaluru-based grocery said that […]

Bunge and BP to create biofuels joint venture in Brazil

BRAZIL – Agribusiness giant, Bunge Limited and BP Plc have agreed to create a new biofuels joint venture in Brazil, one of the world’s largest fast-growing markets for biofuels. The 50:50 JV will create a […]

DowDuPont combines nutrition and biosciences divisions to drive growth

DENMARK – DowDuPont, a specialty products unit formed by DuPont and Dow Chemical has combined the business divisions Nutrition & Health and Industrial Biosciences to strengthen its efforts in the nutrition and biosciences field. The […]

Fonterra and Coca-Cola in strategic alliance to grow in Southeast Asia

ASIA – The world’s soft drinks giant, Coca-Cola and New Zealand’s dairy co-operative, Fonterra have entered into a strategic alliance to capitalize on the growing dairy and beverages market in Southeast Asia. The companies are […]

Coffee Day to sell 49% stake in consultancy business to Japan’s Impact HD

INDIA – Coffee Day Enterprises, the operator of the Indian café chain, Café Coffee Day has announced that it has agreed to sell 49% stake in its consultancy services business to Japan-based Impact HD Inc. […]

Conagra Brands to explore strategic alternatives for frozen pasta business

EUROPE – The North American packaged foods company, Conagra Brands has said that it is exploring strategic alternatives for its frozen pasta business, Gelit, headquartered in Ninfa, Italy. The company has started the process led […]

Commission approves Karan Beef Holdings merger

SOUTH AFRICA – The proposed merger of Karan Beef Holdings with Karan Beef and Karan Beef Feedlot was approved by the Competition Tribunal with certain conditions reports, Fin 24. Karan Beef Holdings is a newly […]

Brazilian food company Marfrig acquires BRF’s Quickfood for US$55m

USA – Marfrig Global Foods, the second largest Brazilian food processing company has acquired 91.89% stake in Argentinean beef products producer, Quickfood for US$55 million. Quickfood, which has three plants in Argentina, was under the […]