Unilever’s Indian unit completes mergers with GlaxoSmithKline Consumer Healthcare

INDIA – Unilever has announced that Hindustan Unilever Limited (HUL), the company’s listed subsidiary in India, has successfully completed the merger of GSK’s business in India, GlaxoSmithKline Consumer Healthcare. The consolidation follows HUL’s acquisition of Horlicks brands rights and other consumer healthcare nutrition products in India and other markets for cash proceeds equivalent to US$493 million. The transaction was previously announced in December 2018 as part of HUL’s strategy to evolve the foods and refreshment portfolio into higher growth segments. The deal included an all-equity merger of with the publicly…

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Poultry production in Zimbabwe declines by 19% in last quarter of 2019

ZIMBABWE – Poultry feed production in Zimbabwe fell 19% in quantity to an average of 29, 897 tonnes (t) per month in the fourth quarter of 2019, but increased in terms of value by 413% to ZWL$182.8 million (US$0.505m) According to Zimbabwe Poultry Association chairman Solomon Zawe, poultry feeds continued to dominate the stock feed industry, accounting for 62% of all feeds produced by weight and 64% by monetary value. The production of broiler and layers feeds were 27% and 5% lower, respectively, than Q4 of 2018. While production of…

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Malawi partners global investment firm to develop SADC’s largest greenhouse facility

MALAWI – Malawi is set to develop the largest greenhouse vegetable farm in the Southern Africa Development Community (SADC) region at Kamuzu International Airport in Lilongwe. The project is a joint venture between the government agency, Green Belt Authority and global investment company, Inosselia Agro. The vegetable farm will comprise of 16 green houses, each covering 1 hectare, set up on a 30 hectares of land that has been leased out on long-term by Airport Development Limited (ADL). It will provide a wide range of high quality vegetables to Malawi…

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Nestlé Purina PetCare acquires natural pet food brand Lily’s Kitchen

UK – Nestlé Purina PetCare, the pet products business of Swiss food and beverage firm, Nestlé, has acquired natural pet food brand Lily’s Kitchen, one of the leading producers of wet and dry natural foods for dogs and cats in the UK. Founded in London by Henrietta Morrison 12 years ago, Lily’s Kitchen grown to become an internationally recognized brand offering natural recipes for dogs and cats across 6,000 stores in 30 countries with over £85m in retail sales. Lily’s Kitchen recently expanded into the Middle East and Asia and…

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Coronavirus pandemic: Egypt exempts three legume crops from exports ban

EGYPT – Egypt has exempted green beans, peas and peanuts from the decree banning legumes exports for three months to fulfil local demand in light of the coronavirus pandemic. Minister of Industry and Trade, Nevine Gamea stated that there is currently increasing demand of food, medical equipment and products and that the government aims to boost local production while avoiding resorting to imports. In this regard, any factory that wants to expand its production capacity will be granted a loan after a committee inspects its operation and ensures the size…

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Global probiotic ingredients market size estimated to reach US$3.97bn by 2026

WORLD – Expanding R&D investments in dietary supplements by major manufacturers and continuous product development in nutritional beverages are expected to catapult the global probiotic ingredients market size to US$3.97 billion by 2026. This is according to a new study published by Polaris Market Research, which provides insights on the current market scenario and the future prospects, projecting the market to grow at a CAGR of 6.9 % from 2019 to 2026. Probiotics are live bacteria’s that facilitates digestive functioning in the human body and have been incorporated in several…

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ADM unveils new plan to cut greenhouse gas emissions, energy consumption

USA – Multinational agricultural trader and food processor, ADM has advanced its sustainability commitments with new ambitious plan to reduce its absolute global greenhouse gas emissions by 25% and energy intensity by 15% by 2035. The Chicago-based company noted that the new goals follow on its original 2011 sustainability plan, in which the company committed to per-unit improvements in energy use, greenhouse gas emissions, water and waste to landfill by 2020. Among ADM’s goal was to reduce emissions intensity by 15% over the 2010 baseline by 2020. After meeting those…

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Asahi Group’s acquisition of AB InBev’s Carlton & United Breweries gets approval

AUSTRALIA – The Australian Competition and Consumer Commission (ACCC) has cleared the sale of acquisition of Anheuser-Busch InBev (AB InBev)-owned Carlton & United Breweries by Asahi Group for AUD16 billion ( ̴ US$11billion). The deal between the Belgian multinational brewer and Asahi Group was announced in July 2019. By then, AB InBev said that all of the proceeds from the divestiture of the Australian business would be used by the company to pay down debt. The maker of Stella Artois and Budweiser also said that the divestment will further help…

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Industrial Realty Group to acquire Dean Foods’ Meadow Gold Hawaii Business

USA – Industrial Realty Group, a privately-held real estate development and investment firm, has reached an agreement with American dairy giant, Dean Foods to purchase the company’s Meadow Gold Hawaii operations as an ongoing business. As part of the agreement, which is subject to final approval by the Bankruptcy Court, Industrial Realty Group will acquire the assets, rights, interests, and properties relating to Dean Foods’ Hilo and Honolulu facilities. If the deal is approved, Industrial Realty Group will be partnering with 8 Cow Dairies, a Hawaii-based company, to manage operations.…

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