USA: California Dairies to acquire DairyAmerica
Dairy family-owner cooperative in California, California Dairies Inc. (CDI) has acquired DairyAmerica a globally recognised supplier of quality and sustainable dairy ingredients. Founded in 1995, DairyAmerica is a federated cooperative currently co-owned by California Dairies, Agri-Mark, Inc., and O-AT-KA Milk Products. As part of the acquisition, California Dairies will purchase the ownership rights currently held […]
USA: Philip Morris International to become majority shareholder of Swedish Match
Philip Morris International (PMI) has become the majority shareholder of the leading oral nicotine company Swedish Match. PMI has acquired 93 percent of the shares in Swedish Match and its portfolio of oral nicotine products in a move to accelerate its objective of a smoke-free future replacing cigarettes with science-based, better alternatives to smoking products. […]
USA: Deutsch Family Wine & Spirits to enter joint venture for Cantera Negra Tequila
Deutsch Family Wine & Spirits has entered into a joint venture with Two Sons Imports, owners of Cantera Negra Tequila to acquire a partial ownership stake in Cantera Negra to become the exclusive global sale and marketing partner. Cantera Negra is handcrafted in small-batch quantities tequila made from 100% fully mature blue agaves. The portfolio […]
USA: Keurig Dr Pepper invests in Athletic Brewing Company
Leading beverage company in North America, Keurig Dr Pepper, has announced an investment in Athletic Brewing Company, America’s leading non-alcoholic craft beer maker. According to the Keurig Dr Pepper’s statement, the company purchased a minority stake of $50 million in Athletic Brewing Company in a move to tap into the rapidly emerging beverage categories. As […]
USA: American Beverage Corporation acquires Poppilu
US-based firm American Beverage Corporation, a wholly-owned subsidiary of Harvest Hill Beverage Company, has announced the acquisition of Poppilu, a lemonade brand targeted to children. Founded in 2017, Poppilu was at a first stage targeted to adults but its target shifted in 2020, when the need for a lemonade for kids was identified. Poppilu is […]
USA: Grupo Bimbo to invest $630 million to build two new facilities
Multinational Mexican bakery Grupo Bimbo has announced an investment of $630 million to build two new facilities in Georgia and Ohio in the USA. The facility in Georgia, which will be the second plant of Grupo Bimbo in the city, will cost around $200 million creating nearly 300 new jobs, while the facility in Ohio […]
USA: Juul to secure funds to avoid bankruptcy
Juul Labs has secured an investment from some of its early investors to keep the e-cigarette business operations avoiding the bankruptcy. Juul plans to lay off abut 400 people and reduce its operation budget by 30% to 40%. The company has been facing financial strains since the FDA banned Juul’s vaping products this year and […]
USA: Ferrero breaks ground on Kinder Bueno facility
Global sweet-packaged foods firm Ferrero Group has announced that the company broke ground on its new facility in Bloomington, Illinois. The new Kinder Bueno facility represented an investment of $214.4 million and it will create 200 new jobs, according to the company’s press release. Alanna Cotton, president and chief business officer of Ferrero North America […]
USA: Diageo acquires Balcones Distilling
Alcoholic drinks firm Diageo has announced the acquisition of leading Texas premium whisky distiller, Balcones Distilling. Balcones Distilling is a craft distiller that is said to produce super premium whiskies, such as Texas “1” American Single Malt, Lineage American Single Malt and Baby Blue Corn Whisky. The firm differentiates from others by creating whiskies with […]
USA: Philip Morris International to reach agreement with Altria Group
Philip Morris International (PMI) has reached an agreement with Altria Group (Altria) to end the companies’ commercial covering IQOS in the USA. From 30th April 2024, PMI will have full rights to sell IQOS in the USA. As part of the agreement, PMI will pay a total cash consideration of $2.7 billion. The agreement between […]