Canned water startup Liquid Death raises US$9m to support expansion

USA – Liquid Death, a canned water maker that launched its operations last year, has raised US$9 million in a Series A funding round led by Velvet Sea Ventures. The funding round also saw the […]

Australia’s competition regulator approves Mengniu’s acquisition of Lion Drinks & Dairy

AUSTRALIA – The Australian Competition and Consumer Commission (ACCC) has approved Mengniu Dairy’s bid to acquire Kirin Holding’s Australian beverage unit Lion Dairy & Drinks for about US$419 million. The Chinese dairy giant tabled the […]

Zambian government partners with Turkish company to develop Food Complex City

ZAMBIA – The government of Zambia has partnered with Turkey’s Molino Mechanical Industry and Trade incorporated to develop a multi-million Food Complex City FCC in the country aimed at producing cheaply priced mealie-meal by January […]

Zimbabwe’s Pick n Pay operator Meikles Supermarkets reports decline in sales volume

ZIMBABWE – Meikles Limited, operators of TM Pick n Pay retail outlets in Zimbabwe saw sales volumes retreat by 28% and 24% for the third quarter and nine months ended December 2019, respectively, as disposable […]

OK reports I5% drop in third quarter volumes on the back of hyperinflation environment

ZIMBABWE – The Zimbabwe Stock Exchange listed retailer, OK Zimbabwe, recorded a 15% drop in sales volumes for the third quarter for the financial year ending March 31, 2020 on the back of hyperinflation environment […]

Simbisa Brands set to open 15 new outlets seeking to consolidate its market share

ZIMBABWE -Zimbabwe’s Quick service restaurant (QSR) group, Simbisa Brands Limited is targeting to open 15 new outlets across the country this year, at an estimated cost of US$3 million, According to Warren Meares, Managing Director […]

Kemin Industries launches new antimicrobial solution for the food industry in Asia

SINGAPORE – Kemin Industries, a global ingredient supplier for the food and beverage industry, has launched the BactoCEASE, its all-natural food safety solution for the meat, poultry and seafood to the Asia-Pacific region. Kemin explains […]

Hormel Foods acquires pit-smoked meats business Sadler’s Smokehouse

USA – Hormel Foods Corporation, a global branded food company, has reached an agreement to acquire Texas-based pit-smoked meats business, Sadler’s Smokehouse for US$270m. Hormel Foods said that it does not intend to change the […]

DSM to acquire Glycom for US$826m to accelerate growth in early life nutrition

NETHERLANDS – Royal DSM, a global science-based company in nutrition and health has secured a deal to acquire human milk oligosaccharides supplier Glycom for €765 million (US$826m). Founded in 2005, Glycom is a Danish company […]

Carrefour and Nestlé launch initiative to improve child nutrition

FRANCE – Swiss food and beverage giant, Nestlé has teamed up with French retailer, Carrefour in the launch of “Adopt a Fruit, Adopt a Vegetable” initiative that aims at improving child nutrition. The companies said […]