PepsiCo upgrades UK snack processing factory with US$28.9m investment

UK – Snacks and drinks giant PepsiCo has invested £24.5m (US$28.92m) into its Walkers crisp factory in Lincoln in order to upgrade the facilities, meet growing demand for its Quavers snacks and secure the future of the site. The investment will see the company replace existing machinery at the site with new equipment, such as a compact packaging machine that will help PepsiCo to remove packaging from its supply chain by 30%. The project will also increase the factory’s capacity for Quavers – which PepsiCo claims are now bought by…

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Agthia expands footprint in UAE’s snack market with acquisition of confectionery and healthy food brand BMB Group

UAE – Agthia Group, one of the largest food companies in the United Arab Emirates (UAE), has acquired a 100% stake in Dubai-based confectionery and healthy food brand BMB Group in line with strategy to invest in fast-growing segments of the food and beverage space.   BMB produces and distributes a wide selection of snacks and confectionery including chocolate, Mediterranean sweets and bakery ingredients for its own brand and external partners.  Some of the popular brands under BMB’s portfolio include Asateer, Al Qamar and Freakin’ Healthy. These brands are expected to accelerate the…

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Campbell full-year sales decline 2% as pandemic boom wanes and inflation sets in

USA – American processed food and snack company Campbell Soup has recorded a 2% decline in full-year net sales as markets return to normalcy following a pandemic boom in 2020 that saw sales for food companies sky rocket.  Revenue for the year stood at US$8.48 billion and Campbell says that three quarters of its brand portfolio grew or held share, “demonstrating strong underlying brand health and momentum”.   The company’s meals & beverages unit witnessed net sales fall by 2%, mainly due to declines in foodservice, partially offset by growth in V8…

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Saudi Arabian consumer goods giant Savola to purchase UAE-based snack maker Bayara for US$260m

UAE – Savola Group, a Saudi Arabia- based consumer goods company, has agreed to acquire Bayara, a manufacturer of nuts, dried fruits and spices as part of a strategy to invest in high growth sectors.   Bayara specialises in the manufacture and distribution of healthy snacks including raw and roasted nuts, dates, seeds, dried fruits and confectionery. It also produces cooking ingredients such as herbs, spices, and pulses.  The privately held company says it processes around 23,000 tonnes of goods each year and operates out of the UAE and Saudi Arabia.  Savola said in a filing…

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PepsiCo’s Frito-Lay announces US$200m investment in US snack facility expansion

US – Frito-Lay, a division of US snack and beverage giant PepsiCo, has announced an investment of US$200 million into the further expansion of its Rosenberg site in Texas, US.  The new capital injection will be used to add two manufacturing lines for its onion-flavoured corn snack brand Funyuns and tortilla chips, as well as increase the capacity in its warehouse.  The expansion is in addition to a US$138 million investment in the site announced back in 2019 – which will see Frito-Lay add a new Cheetos line and new seasoning and packaging equipment.   The…

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Demand for ‘clean-label’ snacks spikes in India as consumers become increasingly health conscious- Mintel

INDIA –  Indian consumers are becoming more conscious about the nutrition profile of the foods they eat and the trend is now becoming a major factor influencing purchase decisions of many consumers. This is according to a recently published study by market research firm Mintel on snacking attitudes of Indian consumers. According to the study, there is a growing consciousness about reducing the guilt of snacking among many Indians who are now preferring products with “free from” labels on their packaging. ‘No additives or preservatives’ is one of the top…

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PepsiCo’s snack division Frito-Lay to invest US$245m in expansion of US manufacturing site

US – PepsiCo’s snack division Frito-Lay, has announced plan to invest US$245 million to expand its snack manufacturing site in Connecticut, US. The Frito-Lay’s Killingly site where the expansion will take place began operations in 1980 with 200 employees, but it currently employs approximately 740 full-time associates. Expansion works include plans to expand its existing manufacturing facility and warehouse, as well as add two new Cheetos manufacturing lines. An additional 120 new jobs are expected by the expansion which will also mark the first time that the Cheetos brand will…

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Kellogg Europe invests US$168m in expanding snack manufacturing capacity to meet rising demand

EUROPE – Kellogg Europe has invested US$168.5 million in expanding manufacturing capacity of its snack brand Pringles to meet rising demand for snacks in Europe. Of the total investment, US$132 million was used to install a new production line at Kellogg Europe’s Kutno, Poland plant that has already been opened and is fully operational. According to Kellogg, the new line is sustainably designed, reducing requirement for heating and other infrastructure in the factory. It also highly efficient, minimizing chances of food waste. Kellogg Europe said that the remaining US$36 million…

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Mondelēz to strengthen position in the premium biscuit category with acquisition of Australian food company Gourmet Food

AUSTRALIA – American snack food company Mondelēz International is once again doubling down on efforts to expand its snack portfolio through global acquisitions. In its latest move, the company has announced the acquisition of Australian premium cracker company Gourmet Food Holdings, for an undisclosed amount. FoodBev reported that the move to purchase Gourmet Food, which includes brands such as OB finest, Olina’s Bakehouse and Crispbic, will strengthen Mondelēz’s position in the premium biscuit and cracker category. Previously, Mondelēz has highlighted its intentions to strengthen its position in the high-growth snacking…

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Sargento pairs cheese with popular Mondelēz brands to create new snack range

US – A new snack range that features cheese is coming to the US market thanks to a partnership between American Cheese Company Sargento Foods and global snack and food company Mondelēz International. The new snack range pairs Sargento cheeses with Ritz, Triscuit and Wheat Thins crackers and comes in four combinations, each containing 7-9g of protein and up to 170 calories per serving. In the new range, Sargento will combine Pepper Jack and Colby Jack natural cheeses with Ritz Mini Crackers while Gouda and sharp cheddar natural cheeses will…

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