2 Sisters sells Manton Wood sandwich business to Samworth Brothers

UK - 2 Sisters Food Group has agreed to sell its Manton Wood sandwich business to Samworth Brothers for an undisclosed sum to enable it focus on key operations. Samworth Brothers is a Leicester based food manufacturer, the owner of Cornish pasty maker Ginsters and the largest maker of certified Melton Mowbray pork pies. According…

Kellogg’s profit up 19% as US segments hurt revenues in the quarter

USA – The Battle Creek, Michigan based Kellogg Company has posted a profit of US$396 million for the third quarter of 2018, a 19% increase comparable to the same period in 2017. Results released by the cereal and convenience food firm however indicated losses across several US segments and increasing extra costs which all cut…

PepsiCo acquires US firm Health Warrior to expand nutrition portfolio

USA – The American snack and beverage company PepsiCo has announced the acquisition of Health Warrior, a US based nutrition-focused company to expand its nutrition portfolio. With Health Warrior, which makes plant-based products including nutrition bars and on-trend offerings, PepsiCo is betting on healthy food offerings which are gaining traction with the consumers. Though the…

Walmart India to invest US$500m in opening 47 more stores by 2022

INDIA – Walmart India has unveiled plans to invest US$500 million to open another 47 stores by 2022 to take the total number of outlets to 70, according to an ET Retail report. At the same time, the company is also planning to increase the number of fulfilment centres across the country. Krish Iyer, President…

Carlsberg delivers 7.4% growth in net revenue driven by higher volumes

DENMARK – The global brewer, Carlsberg Group has confirmed strong performance in the third quarter, with 7.4% rise in net revenue to US$2.68 billion driven by total organic volume growth and price/mix. According to the company, total volumes grew by 8.6%, impacted by the increased ownership in Cambrew, which was consolidated from 1 August. International…

International Breweries reports net loss of US$19m despite revenue growth

NIGERIA - International Breweries (IB Plc), the Nigerian operating unit of Anheuser-Busch InBev has said it bagged a net loss of US$19.53 million (N7.1 billion) for the first nine months of 2018. Revenue for the period grew 128% to US$228 million from US$100 million in the prior year. The company pinned the underperformance on increased…

Zimbabwe’s President inaugurates Innscor’s Prodairy Milk Processing Plant in Ruwa

ZIMBABWE - President Mnangagwa has commissioned a new Prodairy Milk Processing Plant in Ruwa, Zimbabwe that will aid the country in addressing milk consumption gap. According to the Herald, the new facility which is a division of a consumer goods focused group, Innscor Africa Holdings becomes Zimbabwe’s third UHT Processing Plant after Dairibord and Dendairy.…

Bakhresa flour mills receives ISO Certification for Azam brands

TANZANIA – Bakhresa Group, the operator of flour mills that manufacture Azam brand of wheat flours has received ISO (International Organization for Standardization) Certification for its four flour mills. The industrial conglomerate received certifications in Quality Management System (ISO 9001: 2015), Food Safety Management System (ISO 22000: 2018), Occupation Safety and Health Management System (ISO…

Yum Brands income jumps 8.6% powered by more Taco Bell and KFC diners

USA – American fast food company Yum! Brands has posted strong quarterly performance with 8.6% rise in net income to US$454 million from $418 million in the comparable period last year. The company results indicated that strong sales at KFC and Taco Bell offset continued weakness at Pizza Hut which is losing to competitors in…

Polish firm Feerum JSC to commission grain silos in Tanzania next year

TANZANIA - Feerum JSC, a Poland based producer of grain silos is set to commission a number of grain silos in Tanzania’s Songea, Dodoma and Shinyanga regions and two districts next year. The Polish firm signed an agreement with Tanzania’s National Food Reserve Agency to construct five grain silos in December 2016 in a deal valued…