Private equity firm AEEI mulls increasing stake in Pioneer Foods

SOUTH AFRICA – African Empowerment Equity Investments (AEEI), which also controls Premier Fishing & Brands is considering acquiring a bigger stake at of South Africa’s consumer brand Pioneer Foods, reports Business Day. AEEI Chief Executive […]

Coca-Cola champions a world without waste, scalable diversification in year review

USA – Apart from growing a world-class and fructuous business, the Coca Cola Company took up a strategic growth path to ward off the shrinking soda category that is threatened by the changing consumer preference […]

IRRI and Sri Lanka in joint research partnership to boost rice sector

ASIA – The International Rice Research Institute (IRRI) has announces a joint partnership with the government of Sri Lanka to enhance research and investments in the country’s rice sector. The two will collaboratively work on […]

Frutarom completes acquisition of 60% stake in Thai Mighty Company

ASIA – Frutarom, the flavor and fragrances division of International Flavours and Fragrance (IFF) Inc has announced that it has completed the acquisition of 60% share capital of The Mighty CO. LTD. (“Mighty”). Mighty is […]

Taste holdings to roll out more outlets with US$9.5m cash injection

SOUTH AFRICA – Taste Holdings, South Africa’s licensed operator of Starbucks Coffee and Domino’s Pizza has announced that it will resume rolling out more coffee shops and fast food outlets following its US$9.51 million cash […]

Pladis appoints A Salman Amin new global chief executive officer

EUROPE – Pladis, the Turkey-based biscuit and chocolate manufacturer has appointed A Salman Amin, a former PepsiCo executive as its global CEO, effective February 2019. He succeeds Cem Karakas, who stepped down from his role […]

Danone North America unveils low-fat Greek yogurt and dairy-free alternative

USA – Danone North America has launched low fat, Two Good Greek yogurt variants and Good Plants, a dairy-free, probiotic yogurt alternative, made with almond milk, expanding its capabilities in addressing the needs of the […]

Viju Industries launches two fruit-flavored milk variants in Nigeria

NIGERIA – Viju Industries Nigeria Limited, a leading producer of milk flavored drinks, has unveiled two new flavours, an addition to its fruit-flavored milk drinks – Viju Malt & Milk drink and Viju Baked Yogurt […]