Coca-Cola to complete acquisition of Nigeria’s largest juice company, Chi Limited

NIGERIA - The world’s soft drinks giant, Coca-Cola is planning to acquire the remaining 60% stake in Nigeria’s leading juice and snacks producer, Chi Limited with the deal to close early next year. The Coca-Cola company entered an agreement to acquire an initial minority equity shareholding (40%) in the juice and snack producer Chi Ltd…

Coca-Cola in talks with cannabis-infused beverages company Aurora Cannabis

USA - The Coca-Cola Company, the global manufacturer for non-alcoholic beverages, is in “serious talks” with Aurora Cannabis Inc. to develop cannabis-infused beverages, a move that would signal a significant foray into the marijuana sector. According to Bloomberg, Coca-Cola is interested in developing beverages that are infused with cannabidiol, commonly referred to as CBD, the…

Coca-Cola acquires kombucha maker Organic & Raw Trading company

USA - The Coca-Cola Company, the global beverages manufacturer, has acquired kombucha maker Organic & Raw Trading Co., which makes the MOJO brand of naturally fermented, live culture, organic kombucha drinks. The company said that MOJO kombucha – which is sold throughout Australia – is made from naturally fermented tea, and is the fastest-growing beverage category in…

Nestlé to sell skincare line, to focus on food and beverage businesses

USA – Nestlé, the Swiss transnational food and drink company, has made a review, through the Board of Directors, to sell its skincare line to sharpen its focus on food, beverage and professional health products. The company, according to the Board, fully confirmed the strategic direction by enhancing the Group's focus, as it expects to…

SATURO secures a six-figure round of investment with Square One Foods

AUSTRIA – SATURO, a ready-to-drink meal replacement, designed for individuals who maintain a balanced diet at all times, has just secured another round of investment with Square One Foods. The Vienna-based start-up company has acquired a six-figure capital investment which will be used to drive growth, finance distribution plans, as well as recruiting the best…

Clover’s annual profit more than triples after a US$29m impairment in DFSA

SOUTH AFRICA - Clover Industries has reported that normalized annual profit more than tripled following the exit from the dairy business, Dairy Farmers of SA (DFSA) in which it recorded US$29 million impairment relating to a revolving credit loan given to the subsidiary. Normalised headline earnings per share (HEPS) rose to 206.9 cents for the…

Mondelez adopts contingency plans as businesses prepare in case of a hard Brexit

EUROPE – Mondelēz International, owners of the iconic British chocolate brand Cadbury’s, has begun stockpiling ingredients and finished products like chocolates and confectionery to avoid the potential pitfalls of a no-deal Brexit scenario. According to FoodingredientsFirst, many businesses are adopting contingency plans in case of a hard Brexit as the clock continues to count down…

Cargill introduces a new range of label-friendly potato starches for meat and meat alternatives

USA - Cargill, an American privately held global corporation, has introduced a new portfolio of label-friendly functional native starches with the addition of three potato starches designed for meat, meat alternatives and culinary applications. According to the company, it is designed for mild processing conditions, these starches offer superior viscosity and improved sensory experience, without…

Cargill’s European poultry business expands into Poland with acquisition of Konspol

EUROPE – Cargill, an American privately held global corporation, has reached an agreement to acquire Konspol, one of Poland’s leading value-added food companies, providing an array of products in the chilled convenience, frozen and cold cut categories. According to the company, the acquisition marks the introduction of Cargill’s global protein business into the Polish market…

UberEats India partners Tata AIG to provide insurance to delivery fleet

ASIA - Food ordering and delivery platform, UberEats has partnered with the Indian general insurance company, Tata AIG to offer a comprehensive insurance cover for its delivery executives in India. According to ET Retail, the programme insures the executives for up to US$6,869.54 against accidental death and permanent disability, applicable when they are on the…