Colombia: AB InBev to invest $413million in new Colombia brewery
Bavaria, local AB InBev brewer, has announced the investment of $413 million in the construction of a new brewery in the municipality of Palmar de Varela in Colombia. The brewery plans to begin operational by mid-2024 expecting to generate 350 direct jobs and 7,000 indirect job. The facility will produce beer brands such as Aguila, […]
Brazil: Fonterra and Nestle to sell DPA Brazil joint venture
Dairy firm Fonterra and FMCG multinational Nestle have agreed to sell Dairy Partners Americas (DPA) Brazil joint venture to French dairy company Lactalis for BRL 700 million (approx. $133 million), subject to closing transaction adjustments. The sale, which has been delayed due to the pandemic related market conditions, is aligned with the co-op’s strategy of […]
Chile: Fonterra divests Chile operations
Dairy firm Fonterra has announced the divestment of its Chilean Soprole business. According to the company’s press release, the business was sold for about CLP $591.07 billion ($638.51 million) to dairy firm Gloria Foods. The decision to sell was made in April 2022, after the company released Fronterra’s strategy to 2030. Fonterra CEO, Miles Hurrell, […]
Mexico: Herdez del Fuerte acquires Inderdeli and Deli, Dips & Snacks
Herdes del Fuerte, a joint venture between Grupo Herdez and Mexican conglomerate Grupo Ku, has announced the acquisition of Interdeli and Deli, Dips & Snacks companies. According to sources, Herdes del Fuerte purchased the business for MXN $587 million ($29.4 million). The acquired Mediterranean food companies sell products under the Libanus, Flaveur and Liguria brands, […]
Mexico: Grupo Bimbo to acquire St Pierre Group bakery
Mexican bakery giant Grupo Bimbo has announced the acquisition of the UK based bakery St. Pierre Groupe. The deal is expected to accelerate the rapid growth of St Pierre Group in the USA and increase international expansion. St. Pierre Groupe is a producer of brioche buns, brioche bagels, and brioche sub rolls, inspired by the […]
Mexico: Cazcabel to open new distillery
Tequila producer Cazcabel Tequila has announced plans to open a new $37 million distillery in Mexico in 2023. Located in the Jalisco mountains in the Los Altos region, the facility will be run by the Vazquez family, known for producing agave and tequila. The property is claimed to be close to agave fields and near natural springs […]
Brazil: Danone stops producing Bonafont bottled water in Brazil
FMCG giant Danone has announced it is ceasing production of Bonafont bottled waters in Brazil, including all of its activities in the Jacutinga plant in the state of Minas Gerais. According to a FoodBev report, the decision is line with Danone’s decision to focus on dairy and plant-based products and specialised nutrition in the country, which are described […]
Brazil: PepsiCo sells biscuit assets to Camil Alimentos
FMCG giant PepsiCo has agreed to sell a set of biscuit assets to the Brazilian manufacturer Camil Alimentos, according to a Just Food report. The agreement is claimed to involve the biscuit brands Mabel, Doce, Mirabel, Elbi’s and Pavesino and to include a ten-year licencing contract with PepsiCo for the Toddy biscuits brand and the […]
Chile: Empresas Carozzi to acquire Lecherias Loncomilla
Chilean FMCG manufacturer Empresas Carozzi has entered an agreement to acquire ice cream firm Lecherias Loncomilla. Lecherias Loncomilla, owner of the San Francisco ice-cream brand in Chile, was founded in 1975 and produces frozen desserts that supply the retail channel. According to sources, Empresas Carozzi was founded in 1898 and is the fourth-largest ice-cream maker […]
Brazil: M. Dias Branco acquires Jasmine Alimentos
Brazilian food manufacturer M. Dias Branco has agreed to acquire the Brazilian division Jasmine Alimentos of French dietary food specialist Nutrition & Santé. Jasmine Alimentos, based in the Parana state, is a producer of organic, vegetarian, gluten-free, and zero-sugar ranges of health foods such as breakfast cereals, seed mixes, burgers, bread, and, like M. Dias […]