Category: LATEST NEWS

South African cheese maker Lancewood expands offering with launch of instant baked cheesecake mix

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SOUTH AFRICA – Baking a cheesecake is a task that’s traditionally been intimidating for many, but Lancewood a South African celebrated dairy brand has made it so easy that everyone, including the kids, can whip up a delicious baked cheesecake with minimal effort required. The dairy producer has launched the delectable new ‘Piece o’ Cake cheesecake mix “, an all-in-one product coming already mixed and prepared in a convenient tub. According to the company, one only needs to simply follow the easy on-pack baking instructions and you’re good to go.…

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Nestlé Waters North America renamed BlueTriton Brands

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US – A few weeks after Nestlé announced completion of sale of its North America Water business to One Rock Capital Partners, the business has begun operating under a new corporate name, BlueTriton Brands. The business was sold to One Rock Capital Partners, in partnership with Metropoulos & Co for US$4.3 billion with the deal being finalised on 31 March. Referring to Triton, the god of sea in Greek mythology, the new name is said to reflect the company’s role as a guardian of sustainable resources and provider of fresh…

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InspiraFarms, Ifria partner to develop farm to market cold chain solutions in West and North Africa

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AFRICA – African providers of cold storage solutions, Ifria Cold Chain Development Company and InspiraFarms, have entered into a regional strategic partnership to bring together deep knowledge in the cold chain business, technology development as well as economic and financial deployment skills in African countries. The partnership leverages on Ifria’s cold chain logistics expertise together with InspiraFarms’ next-generation on-farm cold chain & food handling technology and solutions. Ifria is an integrated cold chain development company operating in franchise, license, or directly- cold chain logistics assets, ranging from added value cold storage/logistic warehouses…

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East Africa poultry company Uzima Chicken receives US$3m follow-on debt from AgDevCo

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RWANDA – AgDevCo, UK based social impact investor with a focus on Africa’s agricultural sector has made a US$3.0 million follow-on mezzanine debt investment into Uzima Chicken Limited, a poultry company operating in Rwanda and Uganda. The East African poultry farm produces and distributes Sasso breed chickens with the aim to create value for rural households by providing better quality meat and eggs for consumption and sale. Uzima provides day-old chicks through a network of hundreds of small, independent distributors who rear the birds to six to eight weeks before…

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Plant-based meat biggest winner of alternative protein boom in 2020, achieves US$1.4bn in sales

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GLOBAL – The plant-based meat category experienced a boom in 2020 thanks to a raging pandemic that impacted supply chains of conventional meat leading to consumers discovering new brands on store shelves. According to a recently released SPINS data by the Good Food Institute and the Plant-Based Foods Association (PBFA), the Plant-based meat had US$1.4 billion in sales, growing 45% overall compared to 2019 and making up 2.7% of all U.S. retail packaged meat sales. Refrigerated plant-based meat sales saw the highest growth percentage, up 75% in 2020, according to…

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Angolan state bags US$82m from privatization of government owned breweries, agro-livestock farms

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ANGOLA – The government of Angola has raised a total of Akz 52 billion (US$82.7m) from the privatization of 3 state-owned breweries and 5 agro-livestock enterprises, under the Privatization Program (PROPRIV), coordinated by the Institute of Assets Management and State Participation (IGAPE). IGAPE was created to manage the state’s financial assets and holdings, and carry out the privatisation and restructuring programme of the corporate public sector, according to a presidential order. The PROPRIV program is aligned with the National Development Program 2018-2022 and falls within the scope of Public Finance…

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Molson Coors debuts organic beer as Beam Suntory unveils a new zero-sugar vodka line

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US – Molson Coors Beverage Company has launched a new organic, low-calorie brew targeting health-conscious consumers while its counterpart, Beam Suntory has expanded its Pinnacle Vodka range with the introduction of a new zero-sugar vodka line. Dubbed Coors Pure, the new beer is Molson Coors’ first alcoholic beverage to be certified as organic by the USDA. Coors Pure being launched at a time when better-for-you beers are proving to be better performers even as the category at large flags facing the explosion of interest in other alcoholic beverage options such…

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India’s food service industry, delivery platforms to take a hit as new restrictions hamper movement

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INDIA – India’s foodservice industry is set to suffer a new set back after the state governments of Delhi and Maharashtra imposed new restrictions to curb the recent spike in Covid-19 infections. Delhi has put in place night curfews starting from 10 pm and ending at 5 am. Maharashtra state which includes Mumbai has, on the other hand, imposed a stricter curfew, starting at 8 pm and ending at 7 am. Additionally, Maharashtra has imposed a total lockdown during the weekend starting on Friday at 8pm and ending on Monday…

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New Zealand dairy giant Fonterra embarks on a journey towards a future without coal

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NEW ZEALAND – Fonterra, New Zealand’s premier dairy cooperative, is finally embarking on a journey towards a future where it does not rely on coal for its energy needs. Fonterra said it has been working on its transition to renewable energy and said it can, and will, get out of coal, with a couple of practical constraints. The company however admitted New Zealand’s Climate Change Commission’s pathway to ending coal use by 2037 is ambitious and will be challenging to meet. At the moment, Nine of Fonterra’s 29 sites use…

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French dairy company Sodiaal sells German cheese business to Meggle, Fonterra completes sale of two China farms

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GERMANY – French dairy company Sodiaal has sold German cheese company Stegmann Emmentaler Käsereien GmbH to Meggle Group GmbH. The acquisition comes just a month after the French dairy company bought a 51% controlling interest in Yoplait S.A.S. from General Mills In exchange for the 51% stake it gave to Sodiaal, General Mills got a full ownership of the Canadian Yoplait business and a reduced royalty rate for use of the Yoplait and Liberté brands in the US and Canada. In a statement, Meggle said the acquisition of Stegmann sustainably…

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