Mass recall of French-made baby milk over Salmonella fears

FRANCE – A tainted baby milk scandal affecting some 30 countries is growing, as French dairy giant Lactalis recalled millions more products globally because of fears of Salmonella contamination. Lactalis had already recalled several million baby milk products earlier this month. On Thursday, the company expanded the recall to all products made in its factory in Craon in western France since February “as a precautionary measure.” In a statement, Lactalis apologized to customers and said investigations confirmed the outbreak began after renovation work earlier this year at the Craon site.…

Read More

Arla enters Indonesian joint venture with PT Indofood CBP company

INDONESIA – Arla Foods has established a joint venture with one of the leading fast-moving consumer goods companies and dairy players in Indonesia, PT Indofood CBP Sukses Makmur Tbk (ICBP). According to the company, this venture is a big step towards building its business in the region considering Southeast Asia as a strategic growth region in line with Arla Foods’ strategy, Good Growth 2020. The newly signed joint venture, which came in a bid to strengthen the company’s business in Southeast Asia is expected to expand Arla Foods’ presence in…

Read More

Target buys online delivery company Shipt to drive e-commerce ventures

USA – US retail company Target has bought US-based online same-day delivery platform Shipt for US$550 million, as it steps up its challenge to rivals Walmart and Amazon. Shipt offers same-day delivery of. Founded in 2014 and located in Birmingham, Alabama, Shipt is a rapidly growing membership-based grocery marketplace and same-day delivery platform for groceries, essentials, home electronics and other products. The service – which costs US$99 a year for unlimited deliveries – uses an extensive network of over 20,000 personal shoppers to fulfil orders from various retailers and deliver within…

Read More

ThaiBev bets big on Vietnam, buys US$4.8 b stake in largest brewery

VIETNAM – Thai Beverage Plc is doubling down on Vietnam after it partnered with a local company to buy a $4.8 billion stake in the country’s largest brewer, a key step for the company controlled by billionaire Charoen Sirivadhanabhakdi as it seeks to dominate Southeast Asia’s beverage market. Vietnam Beverage, the local unit which ThaiBev holds a stake in, said it won the bidding for an almost 54 percent holding in Saigon Beer Alcohol Beverage Corp. ThaiBev emerged as the only major investor to bid in what had been billed as a hotly…

Read More

Ola acquires FoodPanda India business, to further invest $200 million

INDIA – Ride-hailing player Ola is making an entry into the food delivery space again, this time by acquiring Foodpanda India from Germany based Delivery Hero Group. While the companies did not disclose the details of the deal size, sources have pegged the stock-based acquisition at under $50 million. The move will also see Ola invest another $200 million, as it takes on rival UberEats and incumbents like Zomato and Swiggy. According to analysts, Ola has acquired the third largest player in the food delivery business in India and is…

Read More

Alibaba gets CCI approval to invest in India’s BigBasket

INDIA – Chinese e-commerce major Alibaba has got approval of the Competition Commission of India (CCI) for investing in Indian online grocery platform, BigBasket. The move comes within a month of Alibaba seeking CCI’s nod for the same. According to a CCI notice, Alibaba Singapore – a subsidiary of Alibaba Group Holding – had proposed the acquisition and purchase of shares of Supermarket Grocery Supplies (SGS), the company that runs BigBasket. The notice, however, did not spell out the details of the investment, including the quantum of stake and the financial value of…

Read More

Edita Food Industries enters Morrocan snack food market in JV

EGYPT – Edita Food Industries, a leader in the Egyptian packaged snack food market has announced it will directly enter the Moroccan snack food market through a greenfield investment with Morocco’s Dislog Group. Edita signed a memorandum of understanding with the leading local distributor to form a joint venture, “Edita Food Industries – Morocco”, that leverages Edita’s manufacturing and technical industry experience and competitive products combined with Dislog’s extensive distribution network and logistical strength. According to the company, the terms of the agreement stipulated that it will be majority owner…

Read More

Campbell Soup completes acquisition of Pacific Foods for US$700m

USA – Campbell Soup has announced its completion of the acquisition of Pacific Foods of Oregon (Pacific Foods) for US$700 million in cash, subject to customary purchase price adjustments. A leading producer of organic broth and soup, Pacific also produces shelf-stable plant-based beverages and other meals and sides. According to the company, organic food is a US$11 billion category in the U.S., which grew at a compound annual growth rate of 15.7% over the past four years. “Pacific Foods is an excellent strategic fit with Campbell’s health and well-being portfolio…

Read More

Campari Canada invests US$5m for renovation of its Ontario distillery

CANADA – Campari Canada has announced an investment of US$5 million for the renovation and redevelopment of their Grimsby, Ontario distillery for Forty Creek Canadian Whisky. The investment is another milestone in the European company’s strategy to make Canada a priority market for investment and innovation. According to the company, it has invested well over US$200million in Canada as part of a global strategy to prioritize the Canadian market, since 2014. This had included an initial investment of US$184-million for the purchase of Forty Creek Distillery Ltd., along with the…

Read More

Cargill opens its first animal nutrition premix plant in Philippines

PHILIPPINES – Cargill has officially opened its first animal nutrition premix plant in the Philippines to meet increasing demand from medium and large livestock farms and feed millers in the Philippines and Southeast Asian countries for US$12million. Cargill opened the plant where 50 local employees will produce animal nutrition premix solutions to customers under the Provimi brand. “The Philippines and Southeast Asian countries are seeing increased consumer demand for meat products, especially pork and chicken. This is great news for the growth potential of local livestock farms and feed millers,”…

Read More