AB InBev partners Accenture to boost sales and distribution in Africa

AFRICA - The world’s largest brewer, AB InBev has entered into an agreement with a leading global professional services company, Accenture to boost its sales and distribution operations on the continent, reports MarketWatch. The three-year contract will see the implementation of the Accenture NewsPage Distributor Management System (DMS), a distributor management and sales force automation…

Cal-Maine Foods announces definitive agreement to acquire Featherland Egg Farms

USA – Cal-Maine Foods, a fresh egg producer, has announced that it has reached a definitive agreement to acquire substantially all of the assets of Featherland Egg Farms, Inc., relating to its commercial shell egg production, processing, distribution and sale business. According to the company, the assets to be acquired, subject to the completion of…

Dixie Vodka partners with Savannah Bee Company to launch honey-flavoured vodka

USA - Dixie Vodka, an all-American craft vodka, has announced its most recent flavor innovation in a regional collaboration with Savannah Bee Company: Dixie Wildflower Honey Vodka. According to the company, its newest product uses SBC's Georgia Wildflower Honey infused in Dixie's award-winning Dixie Southern Vodka, 6x distilled from non-GMO corn. The result is a…

PepsiCo and Loop Industries sign multi-year supply agreement for Loop-branded 100% sustainable plastics

USA - Loop Industries, Inc., a leading technology innovator in sustainable plastic and PepsiCo, Inc. have announced a multi-year supply agreement that will enable PepsiCo to purchase production capacity from Loop’s joint venture facility in the United States. According to the company, it will also incorporate Loop PET plastic, which is 100% recycled material, into…

Dairy company Bega Cheese takes 11.2% stake in honey producer Capilano Honey

AUSTRALIA - Bega Cheese, an Australian dairy company, has increased its stake from 8.39% to 11.2% shareholding in honey producer company Capilano Honey. According to Weekly Times, the company began buying small parcels of shares at about US$16 apiece from May to August 13, when Capilano announced it was entering into a scheme implementation arrangement…

Glanbia plc agrees to acquire health and wellness brand SlimFast for US$350m

USA - Glanbia plc, the global nutrition group, has signed an agreement with the owners of KSF Holdings LLP and HNS Intermediate Corporation who collectively own SlimFast and other brands, to acquire such entities for US$350 million. According to Glanbia, it plans to operate SlimFast within its Performance Nutrition segment. SlimFast is a leading weight…

Coca-Cola Amatil acquires minority stake in restaurant tech start-up Tabsquare

AUSTRALIA - Cola Amatil has announced it has taken a minority stake in Singapore-based restaurant tech start-up, TabSquare via its corporate venturing platform, Amatil X. According to the company, TabSquare provides artificial intelligence [AI]-powered smart in-restaurant solutions to improve the restaurant experience for diners and improve operational efficiency for restaurant owners. It is the second…

Nestle Malaysia to sell chilled dairy business to Lactalis for US$40m

MALASYIA - Lactalis, the world’s largest dairy firm, haS agreed to buy the chilled dairy business of Nestle in Malaysia, which generates revenues of US$24 million, in a deal worth around US$40 million. According Reuters, the deal is expected to take effect next January, following the earlier acquisition by Lactalis of the Stonyfield organic yoghurt…

IFF successfully completes Frutarom acquisition to become a global leader in fragrances

USA - International Flavors & Fragrances Inc., an American corporation producing flavors and fragrances, has announced it has completed its acquisition of Frutarom, and is now a global leader in taste, scent and nutrition. According to the company, it anticipates the combination with Frutarom will translate into accelerated financial performance, with robust top and bottom-line…

Lakeland Dairies and LacPatrick Dairies merge to improve production and cross border exports

IRELAND - Lakeland Dairies, an Irish dairy co-operative, and LacPatrick Dairies have reached agreement to merge following the unanimous approval of the Boards of both co-operative societies who are recommending the proposed merger to their respective shareholders. According to Lakeland Dairies, exclusive discussions about a possible merger started last June and have reached a positive…