Coca-Cola HBC acquires Serbian confectionery brand Bambi for US$293.7m

SWITZERLAND – Coca-Cola Hellenic Bottling Company has announced that it has agreed to acquire Serbia’s leading confectionery business, Bambi for US$293.7 million (€260 million). According to the company, the deal, which is subject to certain […]

Nigeria’s Chellarams DMK launches new chocolate malted drink

NIGERIA – Chellarams DMK Limited, the dairy arm of Chellarams Plc in Nigeria, has launched the ‘Real Activ Chocolate Malted food drink’ adding to its Real Activ product line. Speaking during the launch of the […]

CBH Group expands grain storage capacity in Chadwick after US$11.4m investment

AUSTRALIA – The CBH Group has said that it has expanded its Chadwick grain receival site near Esperance after completing the US$11.4 million investment across its network. The company has added 80,000 tonnes of new […]

Kenya lifts ban on China fish imports as demand increases

KENYA – Kenya has lifted the ban on fish imports from China as the country continues to experience increased demand that has caused fish shortage in the country, reports Business daily. The Department of Fisheries […]

South Africa’s Pioneer Foods reports 7.8% growth in turn over

SOUTH AFRICA – Pioneer Foods, a South African food and beverage company has reported a 7.8% increase in its turnover during the four months ended 31st January 2019 period reports Business Day. The packaged food […]

IDC Zambia launches palm out-grower scheme to boost local capacity

ZAMBIA – Industrial Development Group of Zambia (IDC), which controls the majority stake at ZamPalm Ltd, has launched palm out grower scheme as part company’s ambitions to boost palm oil production capacity in the country. […]

Premier Foods abandons plan to sell Ambrosia custard unit

UK – British food manufacturer has dropped plans to offload its Ambrosia brand which includes rice pudding and custards, which it had planned to sell for a consideration of about US$129 million. The company which […]

Kellogg collaborates to test eye-tracking technology in retail stocking

USA – The Kellogg Company has partnered Accenture and Qualcomm to launch a a pilot test that uses eye-tracking technology in a virtual reality headset to determine the best way to stock shelves for retailers. […]