Australian packaging firm Orora to sell its fibre business for US$1.15bn

AUSTRALIA – Orora Ltd, an Australian packaging maker has agreed to sell its local fibre materials business to Japan’s Nippon Paper Industries for A$1.72 billion (US$1.15 billion). The sale of the business is set to […]

Valeo Foods completes acquisition of Campbell’s crisps business in Europe

IRELAND – Irish food group, Valeo Foods has closed the acquisition of European chips business from the Campbell Soup Company for approximately US$80 million. The acquisition, which was announced in September this year, includes Kettle […]

Japanese retailer Seven & I unveils major restructuring plan with 3000 jobs at stake

JAPAN – Seven & I Holdings Company, the largest convenience stores operator in Japan has unveiled a major restructuring strategy at its group subsidiaries that will result to loss of 3000 jobs. As it continues […]

Singapore mulls ban of advertisements for sugary drinks to curb diabetes

SINGAPORE – Singapore plans to implement a ban on advertisements of certain fizzy drinks and juices as part of a raft of measures to curb high diabetes rates associated with consumption of sugar. As one […]

Walmart chief executive for US Greg Foran to step down early 2020

USA – Walmart Inc has announced that its chief executive in charge US operations, Greg Foran will be leaving the company at the end of January 2020. The American retailer has appointed the head of […]

2 Sisters sells UK-based bakery foods business to Valeo Foods for US$83.48m

UK – 2 Sisters Food Group has entered into an agreement to sell its UK-based pudding business, trading as Matthew Walker to Valeo Foods Group for £67 million (US$83.48m). Headquartered in Derbyshire, Matthew Walker produces […]

Del Monte Foods expands its snacking portfolio with launch of dairy-free parfaits

USA – Del Monte Foods has launched a new line of non-dairy parfaits dubbed Fruit Crunch Parfaits available in four different flavors as it continues to expand its snacking category. The new snacking innovation comes […]

Hain Celestial sells two US brands to Hometown Food for US$15m

USA – The organic and natural products company, Hain Celestial has closed the sale of its Arrowhead Mills and SunSpire brands to Hometown Food Company in a US$15 million deal. The transaction includes the Arrowhead […]

United States sign trade deal with Japan on food and agricultural exports

USA – The United States and Japan have officially signed a trade deal on food and agricultural exports as the two countries continue to deepen and modernize their trade relationship. The deal, which was announced […]

Dawn Farms acquires German cooked meats company Haas

IRELAND – Dawn Farms, Europe’s largest specialist cooked meats ingredients business, has acquired German protein supplier Haas as it continues to consolidate its business in the European market. Established in 1994, Haas is a mid-sized […]