Namibia Breweries in discussion for possible disposal of minority stake in Heineken South Africa to parent company

NAMIBIA – Namibia’s leading beer maker Namibia Breweries Limited (NBL) has received an offer from Heineken NV to acquire its 25% shareholding in Heineken South Africa, which would be inter-conditional on the potential Distell transaction. Earlier this year, the Dutch multinational brewing company Heineken, made its intention of entering new alcohol market categories of wine and spirits, with the acquisition of Distell, South Africa’s leading producer and maker of wines, ciders, spirit and ready-to-drink beverages. The potential transaction, should it proceed, is subject to several conditions, one of which relates…

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McDonald’s joins net-zero emissions bandwagon with new target to be carbon neutral by 2050

USA – American fast food company McDonald’s Corp has joined an ever-growing list of food companies with net-zero targets, promising to cut global greenhouse gas emissions to net zero by 2050.  According to the fast-food chain, the targets cover the entire supply chain of the company from the beef in its burgers to the light bulbs in its restaurants.  The burger chain also said it was working with the nonprofit Science Based Targets initiative (SBTi) to revamp its existing climate change targets.   It aims to lower absolute emissions by about a third…

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Lactalis expands dairy portfolio with acquisition of Leerdammer and Shostka brands

EUROPE – French dairy business Lactalis has completed the acquisition of European dairy brands Royal Bel Leerdammer NL, Bel Italia, Bel Deutschland, Leerdammer and all related rights from multinational cheese marketer Bel Group.   Lactalis said that the transaction, which involves Bel Shostka Ukraine, fits perfectly with its strategic priorities, which focus on top-quality product development.  Leerdammer, one of Europe’s most iconic cheese brands, will now become part of Lactalis which aims to continue developing the brand and boost its international business.   “By acquiring Leerdammer and Shostka, we have now completed our offering with a range of food brands that consumers know…

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Ghana revamps operations at its largest poultry company Darko Farms under 1D1F

GHANA – The government of Ghana through its development initiative, One-District-One-Factory (1D1F), has revamped the country’s largest poultry farm, Darko Farms, whose operations went under, due to major challenges that confronted the domestic poultry industry in the late 1990s. As part of Government’s Industrial Transformation Agenda, being implemented by the Ministry of Trade and Industry, Darko Farms Company was identified as one of the distressed but potentially viable companies. As a result, the company, in 2017, applied to be part of the flagship 1-District-1-Factory initiative, and after a comprehensive review…

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Kilombero Sugar inks cane supply agreement with sugar cane growers in Tanzania following expansion plans

TANZANIA – Kilombero Sugar Company Limited (KSCL), Tanzanian subsidiary of Illovo Sugar Africa, has signed a two-year contract with 20 Kilombero Sugarcane Cooperative Unions to manage production and supply of the commodity to the sugar processing company. The deal which was signed between KSCL’s Managing Director, Guy Williams and Chairman of Kilombero Sugarcane Cooperative Union (KSCU) Onesmo Mwakyambo gives the out-growers a reliable and lucrative market for their commodity. “This agreement is very important because it provides us with a guarantee of the sustainable supply of cane as a raw…

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Kenyan retailer QuickMart fuels expansion plans, opens 46th outlet

KENYA – QuickMart, Kenyan retailer majority owned by Mauritius-based private equity firm Adenia Partners, has opened a new branch in Kisii town as part of its expansion strategy that targets to have a store in all leading towns in the country. The retailer has taken up the space that was vacated by struggling super market chain Tuskys, stepping up competition with rival Naivas that has a presence in the town. Situated at the heart of Kisii Central Business District, the branch is the retailer’s 46th in 12 counties across Kenya,…

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Nomad Foods completes acquisition of Fortenova Group’s frozen food business

EUROPE – Frozen food manufacturer Nomad Foods has completed its acquisition of Fortenova Group’s frozen food business after clinching the agreement to do so in March this year.  The acquisition which was made for €615m (US$714m) gives Nomad foods an expanded footprint which includes attractive markets such as  Croatia, Serbia, Bosnia & Herzegovina, Hungary, Slovenia, Kosovo, North Macedonia and Montenegro.  Nomad Foods is expected to have a lead market presence as Fortenova’s two anchor brands, Ledo and Frikom, had strong consumer awareness and number one market share in many of these markets.  Through the frozen…

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Amendment on allergen labelling takes effect in UK as many food businesses play catchup

UK – UK Food Information Amendment, popularly known as Natasha’s Law has taken effect in the United Kingdom promising an increased level of protection for many consumers who are allergic to certain foods.  Under the new law, food businesses will be required to provide full ingredient lists and allergen labeling on all food that is pre-packaged for direct sale.   The 14 allergens that must be declared by law when used as ingredients are: 1. Celery 2. Cereals containing gluten 3. Crustaceans 4. Eggs 5. Fish 6. Lupin 7. Milk…

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US private equity firm CD&R to acquire UK supermarket Morrisons for US$9.5B

UK – U.S private equity firm Clayton, Dubilier & Rice (CD&R) is set to take control of Britain’s fourth-biggest supermarket group Morrisons after winning the auction for the retailer with a 7 billion pound ($9.5 billion) bid.   CD&R’s 287 pence per share bid narrowly beat the one made by a consortium led by Softbank (9434.T) owned Fortress Investment Group which had made an offer worth just a penny less per share at 286 pence.  Morrisons’ board recommended that shareholders vote in favor of the 287 pence per share offer at a meeting slated for Oct. 19, saying the…

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