Ebro Foods to offload French dry pasta business in US$648m deal with CVC Capital Partners

FRANCE – Spanish pasta maker Ebro Foods is selling its Panzani dry pasta, couscous, sauces, and semolina business in France to CVC Capital Partners VIII as part of efforts to refocus its resources and energies to its fresh pasta and convenience businesses.   Ebro Foods has been offloading businesses not aligned with its focus on premium fresh pasta offerings with divestitures in Canada and the United States being some of the latest by the company.  In December 2020, Ebro’s Riviana Foods subsidiary sold its US branded pasta portfolio including San Giorgio and Creamette to TreeHouse Foods; while the company recently finalised its divestment of the Ronzoni…

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Royal Unibrew expands into energy drinks category with acquisition of French brand Crazy Tiger

FRANCE – Royal Unibrew, a Denmark-based beverage company, has expanded into the energy drinks category with the acquisition of MC Energy, the owner of the Crazy Tiger brand for approximately €82 million (US$97.13 million).  Crazy Tiger holds around 10% volume share in the fast-growing energy drinks market, is projected to continue growing at a double-digit growth rate in the coming years.  The acquisition announcement comes less than a week after the Danish beverage company had announced that it had entered exclusive negotiations to acquire MC Energy.   According to Royal Unibrew, the acquisition will see…

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Tetra Pak to invest US$119m in French facility expansion in readiness for transition to tethered caps

FRANCE – Tetra Pak, a multinational food packaging and processing company headquartered in Switzerland, is planning to invest €100 million (about US$119 million) in a project to expand its Châteaubriant plant, in France.  According to a statement from the food processing equipment maker, the new expansion work will achieve increased production capacity even as the company prepares for transition to tethered caps.  Tetra Pak plans to transition to tethered caps by 2024 to help to minimise litter, the new expansion project will thus ensure that it is ready and well prepared for the shift.  The company says…

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Nestlé steps up sustainability efforts with launch of two water bottles made with much less plastic

FRANCE – Nestlé, the world’s largest food company, has developed two new packaging innovations aimed at reducing use of virgin plastic in its supply chain. According to a statement from Nestlé the novel water bottles developed for its Vittel® natural mineral water are designed to function just like traditional plastic bottles but with much less plastic. The first innovation is the Vittel® GO system which consists of a reusable hard protective case designed to hold 50cl refills of Vittel® natural mineral water that are made with 40% less plastic than…

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Danone appoints Antoine de Saint-Affrique as Chief Executive Officer

FRANCE – Danone announces the appointment of former CEO of Barry Callebaut- a leading chocolate company based in Switzerland- Antoine de Saint-Affrique as Chief Executive Officer, effective September 15, 2021. Antoine de Saint-Affrique will succeed the joint interim leadership of Véronique Penchienati-Bosetta and Shane Grant. The Board of Directors also decided to propose Antoine de Saint-Affrique as a new member to the Board of Danone for appointment at the next annual shareholders’ meeting in April 2022. “As a Board we have delivered on our promise to search and find swiftly…

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Danone impacted by pandemic in Q1 as Coca-Cola sees slight recovery

FRANCE – French dairy giant Danone and US beverage company Coca Cola have released their Q1 results, reporting mixing results as the pandemic continues to impact business operations across the globe. For the French dairy, sales declined 3.3% on a like-for-like (LFL) basis to €5.66 billion (about US$6.80 billion), affected largely by a 7.7% drop in its Specialized Nutrition unit and an 11.6% decline in water sales. Its noteworthy to mention that the company’s Essential Dairy and Plant-based (EDP) division managed to record a 1.5% LFL growth in sales to…

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Thailand’s soybean imports jump as French farmers reduce acreage for summer crops

GLOBAL – In Thailand,  the economy is rebounding from COVID-19, stimulating a spike in feed demand and a need for soybean imports, according to a Global Agricultural Information Network (GAIN) report from the US Department of Agriculture (USDA). According to the report, Thailand’s soybean imports in the 2021-22 marketing year are expected to jump 5% to 4.1 million tonnes compared to the previous marketing year based on increased demand from the food and feed industries. Soybean meal imports are recovering and are projected to rise to 2.8 million tonnes for…

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France latest country to be included in Carrefour’s grocery delivery partnership with Deliveroo

EUROPE – French retail Carrefour has announced that its grocery delivery partnership with Deliveroo will be now expanded to include stores in France. The partnership will enable the French retailer to deliver on-demand groceries in less than 30 minutes to their customers’ homes. The service is already available in Belgium, Italy, and Spain. It will available in Paris with plans for a rollout to 10 other top cities over the coming months. Meanwhile the rollout is picking up speed in Belgium with the extension of the service to Antwerp in…

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Danone makes executive leadership changes following Faber ouster, debuts new Honest to Goodness creamer

FRANCE – French multinational dairy giant Danone has made a number of executive leadership changes in response to the void left by the ouster of of former Chairman and CEO Emmanuel Faber. Faber was forced out of his positions by a group of dissatisfied activist investors who believed he was not doing enough to turn around the company’s fortunes. Following the departure of Faber, Danone Board appointed Gilles Schnepp, the immediate former Vice Chairman, as the new Chairman, effective immediately. Danone’s board also announced that Véronique Penchienati-Bosett, currently the Executive…

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Danone CEO to step down even as the French dairy invests in Spain

FRANCE –Emmanuel Faber, Chief Executive Officer (CEO) and President of the French dairy multinational Danone, will step down from his role as CEO after the company’s board voted to  separate the chairman and CEO roles. A statement from the dairy giant stated that Faber will stay on in his current positions at Danone until a new CEO is found and then become non-executive chairman. The maker of Oikos dairy yogurt has been under fire by several activist investors in recent months who have called for changes in leadership amid a…

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