2 Sisters completes sale of Green Isle Brands and frozen foods business

UK – 2 Sisters Food Group has announced that it has completed the sale of its Green Isle Brands and Donegal catch frozen foods business to a consortium of investors for an undisclosed sum. The company said the transaction strengthens its balance sheet and reinforces its commitment to its core strategy and key operations. The…

Unilever may top Nestle in US$3.4b cash bid for GSK nutrition business

INDIA – The British consumer goods giant, Unilever may walk away with the Glaxo SmithKline’s nutrition business with a US$3.4 billion all-cash offer for a 72.5% stake, according to a person with direct knowledge of the matter identified with Financial Times (FT). GSK has also confirmed that consideration is being given to a potential transaction…

Coca-Cola Amatil confirms Australian SPC fruit unit sale

AUSTRALIA – Coca-Cola Amatil has confirmed that it will be selling its fruit and vegetable processing unit in Australia, SPC, a business that has been making losses over the years. The company which has also warned of declining beverage volumes in Australia embarked on a strategic review of the business in August this year with…

Danone Manifesto Ventures backs UK Ayem to launch Breakfast Protein Pots

UK – Danone Manifesto Venture, the New York-based venture arm of Danone is supporting a UK brand of vegetarian, low-fat almond blend, Ayem to launch a new range of Breakfast Protein to offer healthy proteinaceous breakfast meals. According to FoodBev, the new range aims to fill the morning protein gap as it provides a healthy…

Nestle nearing deal to acquire GSK’s consumer healthcare business in India

INDIA – The Swiss transnational food and drink company, Nestle SA is said to have tipped Unilever, another serious bidder in the race for GSK Consumer Healthcare business in India, ET Retail reports citing sources familiar with the matter. The deal which highlights popular malt food drink brand Horlicks, will see Nestle strike the biggest…

CP Kelco to expand pectin production capacity by 15% to meet global demand

USA – World leading pectin producer, CP Kelco has announced that it plans to expand pectin production capacity at its Lille Skensved, Denmark facility by about 15% as it anticipates growth in global market demand. According to the company, the investment will enhance market supply by 2019-2020 with a focus on producing low methyl ester…

Orkla to acquire Finland’s chain of pizza restaurants Kotipizza for US$166m

EUROPE – The Norwegian consumer goods conglomerate Orkla has agreed to acquire the Finnish pizza restaurant chain Kotipizza (Kotipizza Group) at a valuation of US$166.24 million. The offer includes purchase all the shares in Kotipizza Group Oyj, the owner of Kotipizza restaurants which are mainly operated mainly by franchisees. Orkla will gain control of more…

Pioneer Foods earnings soar 47% as inflation curtails growth

SOUTH AFRICA – The South African packaged goods company, Pioneer Foods has reported that earnings per share increased 47% to 575c from 390c in 2017 even the company struggled to contain inflationary pressure driven by increased international oil prices and weak currency. Profits in the year to end September was boosted by the recovery of…

Simbisa Brands launches mobile application to boost delivery efficiencies

ZIMBABWE – Simbisa Brands, the quick service restaurant business owned by Innscor Africa has launched a mobile application dubbed Dial-a-Delivery (DaD) to enhance efficiency in its delivery network, reports the Herald. The platform boosts efficient delivery of products to customers through centralised call centres. Customers place orders through the phone via the DaD application and…

Premier Foods CEO Gavin Darby to step down, considers Ambrosia brand sale

UK – The British grocery and food manufacturer has said that its Chief Executive Officer, Gavin Darby will step down from the company in January, soon after announcing that it is considering sale of its Ambrosia brand. Darby will be leaving after six years as CEO at the company that has been heavily indebted in…