Tag: Latin America

Coca-Cola to launch hard seltzer alcoholic beverage under its Topo Chico brand

Editor

LATIN AMERICA – Coca-Cola has announced that it will be launching a hard seltzer under its Topo Chico brand later this year, with the drink to be initially available in select cities in Latin America. According to CNCB reports, Topo Chico Hard Seltzer will launch in the United States in 2021, making it the company’s first foray into alcoholic beverages in its home market for the first time since it sold its Wine Spectrum business in 1983. The beverage giant purchased Texas’ cult favorite sparkling water brand, Topo Chico in…

Read More

Canopy Growth announces changes to global operations to drive strategic focus

Editor

CANADA – CBD-infused beverage producer, Canopy Growth Corporation has announced a series of global operational changes which the company expects to further optimize production, better align supply and demand, and improve efficiencies in its global operations. As part of its ongoing strategic review of the business, Canopy Growth announced that it is targeting a transfer of ownership of all of its African operations to a local business. The company has decided to exit the African market. Canopy Growth revealed that it has entered into an agreement to sell all its…

Read More

COVID-19 Update: PepsiCo accelerates relief efforts with US$45m package

Editor

USA – The PepsiCo Foundation has announced a more than US$45 million initiative focused on helping people and communities most affected by the Coronavirus pandemic. As efforts accelerate worldwide to provide relief to affected regions, the food and beverage company said that it is funding vital support including protective gear for healthcare workers, testing and screening services. In addition, PepsiCo revealed in a statement that the company is already in the process of distributing more than 50 million meals to at-risk populations by supporting food banks and other partners around…

Read More

Agri-Food tech firm DiMuto secures funding to broaden footprint in Latin America

Editor

SINGAPORE – DiMuto, a Singapore-based agri-food trade tech platform, has received an undisclosed sum of investment from venture capital studio, Latin Leap to broaden its footprint in Latin America. DiMuto said that the investment and support provided by Latin Leap would help drive further international expansion in Latin America, a market where strong continued growth of fresh produce trade is expected. DiMuto sees Latin America as a market that has positioned itself as a leading exporter of agricultural products such as fruit and vegetable, whose exports have grown considerably, particularly…

Read More

Brenntag opens new Food Application & Development Center in Latin America

Editor

GUATEMALA – Brenntag Food & Nutrition has officially opened its new Food Application & Development Center in Guatemala City, Latin America. The new facility is Brenntag’s fourth Food Application & Development Center for Latin America and will support the Food & Nutrition teams particularly in Central America. The German ingredients supplier added that the facility will also serve the rest of Latin America in the Beverage, Dairy, Confectionery and Bakery segment. According to the company, the new Food Application & Development Center is equipped with specialized devices to find the…

Read More

Azelis acquires Megafarma to expand operations into Latin America

Editor

MEXICO – Global food ingredients supplier, Azelis has signed an agreement to acquire Megafarma, a Mexican specialty distributor for food, pharma as well as veterinary industries. According to Azelis the integration of Megafarma will provide the company with access to a “promising market” while creating a strong platform for growth in the global specialty chemicals and food ingredients distribution business. With Azelis Americas’ headquarters in Westport, the company added that the acquisition of the Mexico City based company will also support he company’s expansion in Latin America. Megafarma also has…

Read More

Germany funds US$22m initiative to boost agriculture sectors’ role in addressing climate change

Editor

GERMANY – Germany has launched a new €20m (US$22.3m) programme co-led by FAO and the United Nations Development Programme (UNDP) aimed at accelerating climate change action in developing countries’ agricultural and land use sectors. The initiative will be financed by the German Ministry of Environment, Nature Conservation and Nuclear Safety through its International Climate Initiative. The programme will support at least 10-12 developing countries in Latin America, Asia and Africa through accelerating and improving planning towards building climate change resilience in the regions. The aims to assist the countries to strengthen…

Read More

Nestlé invests in Latin American venture capital firm Angel Ventures

Editor

MEXICO – Nestlé is investing in Angel Ventures, a Latin American venture capital firm that seeks to raise US$100 million by the end of second quarter 2020, to support startups across Mexico, Colombia, Peru and Chile. Nestlé said that the capital will fund startups in the food, beverage, pet food or food tech space as well as business models. The fund will be distributed between 20 to 25 startups in the Pacific Alliance countries. The Swiss food and beverage company said the agreement was unique in the region and would…

Read More

Tate & Lyle opens new Latin American headquarters and application centre in Brazil

Editor

BRAZIL – Food and beverage ingredients and solutions provider, Tate & Lyle has opened its new and expanded Latin American headquarters in São Paulo, Brazil enabling the company to capitalize on the high growth potential in the region. The headquarters includes a new application centre, which is six times larger than Tate & Lyle’s previous centre in Sao Paulo and amongst the company’s largest globally. The facility includes a pilot plant and state-of-the-art experimental kitchen, which enables customers to design and test different recipe formulations across a range of categories…

Read More

Uber to acquire Latin American online grocery delivery service Cornershop

Editor

CHILE – Uber Technologies has announced that it has agreed to acquire a majority stake in a Latin American online grocery provider Cornershop which has operation in Mexico, Chile and Peru. Details of the agreement were not disclosed, but Uber said the deal is expected to be completed early 2020. The grocery service will maintain its leadership and report to a board with majority Uber representation. Founded in 2015, Cornershop operates online grocery delivery business in Latin American countries and has also expanded its operation to Canada. Oskar Hjertonsson, founder…

Read More